Italian Edibles Limited IPO (Italian Edibles IPO)

Italian Edibles Limited IPO
Upcoming Italian Edibles IPO | New Italian Edibles IPO

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

Italian Edibles IPO – Details

IPO Opening Date02 February 2024
IPO Closing Date07 February 2024
Issue TypeFixed Price Issue IPO
Issue Size39,20,000 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 Lot2000 Shares
Min Order2000 Shares (1 Lot)
Listing AtNSE SME
RegisterBigshare Services Pvt Ltd
NII (HNI) Shares Offered50%
Retail Shares Offered50%

Italian Edibles IPO – Date Schedule

IPO Open Date02 February 2024
IPO Close Date07 February 2024
Basis of Allotment08 February 2024
Initiation of Refund09 February 2024
Credit of Shares to Demat Account09 February 2024
IPO Listing Date12 February 2024
Cut-off time for UPI mandate confirmation5 PM on 07 February 2024

Italian Edibles IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)120001,36,000
Retail (Maximum)120001,36,000
HNI (Minimum)240002,72,000

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.
Italian Edibles IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After Tax
31 March 202148.9947.860.86
31 March 202275.4574.070.80
31 March 202363.3059.922.64
Amount in ₹ Crore

Key Performance Indicator


Italian Edibles IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding73.47%

Italian Edibles IPO Prospectus

Company Contact Information

Italian Edibles Limited

309/1/1/8 Block No.03,
Mangal Udhyog Nagar, Gram Palda,
Indore – 452020

Phone: +91 9826298268

Italian Edibles IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Italian Edibles IPO Lead Manager(s)

1. First Overseas Capital Limited

Italian Edibles IPO FAQs

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.
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