Italian Edibles Limited offers a wide range of confectionery products such as Rabdi [Meethai Sweet], milk paste, chocolate paste, lollipops, candies, jelly sweets, multigrain puffed buns, and fruit-based products under its OfCour’s brand.
The company has two manufacturing facilities at Gram Palda, Indore and Prabhu Toll Kanta, Indore (Madhya Pradesh).
Italian Edibles is present all over India, especially in the rural and semi-urban areas of Andhra Pradesh, Assam, Bihar, Chhattisgarh, Delhi, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Jharkhand, Karnataka, Kerela, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand and West Bengal. The company also exports its products to various countries such as Nigeria, Yemen, Sinegal, and Sudan.
As of August 31, 2023, the Company’s customer list includes Chocolate World, Yuvraj Agency, Bakewell Biscuits Private Limited, R. K. Prabhavati Tarders, Mamta Stores, Ma Laxmi Traders, Suria Distributor, etc. In addition, one of its products, namely Jelly Candies, is sold to Dharpal Premchand Ltd (BABA) Group.
The company has a dedicated sales and marketing team consisting of 15 employees.
Italian Edibles IPO – Details
| IPO Opening Date | 02 February 2024 |
| IPO Closing Date | 07 February 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 39,20,000 Shares Worth ₹26.66 Crore Fresh Issue: 39,20,000 Shares Worth ₹26.66 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹68 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Italian Edibles IPO – Date Schedule
| IPO Open Date | 02 February 2024 |
| IPO Close Date | 07 February 2024 |
| Basis of Allotment | 08 February 2024 |
| Initiation of Refund | 09 February 2024 |
| Credit of Shares to Demat Account | 09 February 2024 |
| IPO Listing Date | 12 February 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on 07 February 2024 |
Italian Edibles IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | 1,36,000 |
| Retail (Maximum) | 1 | 2000 | 1,36,000 |
| HNI (Minimum) | 2 | 4000 | 2,72,000 |
Competitive Strengths
- Well Established Brand name and goodwill amongst market players.
- Consistent focus on quality.
- Well established relationships with their suppliers and wide channel of sales and distribution network.
- Diversified Product Portfolio.
- Experienced promoter and management team.
Company Promoters
- Mr. Ajay Makhija
- Mr. Akshay Makhija
Object Of The Issue
- Setting up of the proposed manufacturing unit;
- Repayment of certain Borrowings;
- To meet incremental working capital requirements; and
- General Corporate Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2021 | 48.99 | 47.86 | 0.86 |
| 31 March 2022 | 75.45 | 74.07 | 0.80 |
| 31 March 2023 | 63.30 | 59.92 | 2.64 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 24.50% |
| ROCE | 19.32% |
| Debt/Equity | 1.6 |
| RoNW | 24.50% |
| P/BV | 0 |
Italian Edibles IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.47% |
Italian Edibles IPO Prospectus
- Italian Edibles IPO DRHP
- Italian Edibles IPO RHP
Company Contact Information
| Italian Edibles Limited 309/1/1/8 Block No.03, Mangal Udhyog Nagar, Gram Palda, Indore – 452020 Phone: +91 9826298268 Email: italian_edibles@yahoo.com Website: https://www.ofcoursegroup.com/ |
Italian Edibles IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Italian Edibles IPO Lead Manager(s)
| 1. First Overseas Capital Limited |
Italian Edibles IPO FAQs
| What is Italian Edibles IPO? Italian Edibles IPO is a SME IPO. The issue is priced at ₹68 per equity share. The IPO is to be listed on NSE SME. |
| When Italian Edibles IPO will open? The IPO is to open on 02 February 2024 for NII – 50% and Retail – 50% Investors. |
| How to Italian Edibles IPO? You can apply Italian Edibles IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Italian Edibles IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Italian Edibles”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Italian Edibles IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Italian Edibles”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Italian Edibles IPO Size? Italian Edibles IPO size is ₹26.66 crores. |
| What is Italian Edibles IPO Price Band? Italian Edibles IPO Price Band is ₹68. |
| What is Italian Edibles IPO Minimum and Maximum Lot Size (Retail)? The minimum bid is 2000 Shares with ₹1,36,000 amount while the maximum bid is 2000 shares with ₹1,36,000. |
| What is the Italian Edibles IPO Allotment Date? Italian Edibles IPO allotment date is 12 February 2024. |
