Italian Edibles IPO and Allotment Complete Details

Italian Edibles IPO details: Italian Edibles announced launching an IPO on the National Stock Exchange of India (NSE) SME Emerge platform will be open on 2 February 2024 and close on 7 February 2024.

Italian Edibles IPO Details

About Italian Edibles :

Italian Edibles Established in 2009, this company is a top confectionery maker in India, with its main offices in Indore, Madhya Pradesh. They proudly own two factories. They’re famous for introducing milk paste in India and continue to be the biggest supplier of it.

What they make:

  • A wide variety of confectionery items, including:
    • Lollipops
    • Milk paste
    • Chocolate paste
    • Hard-boiled candies
    • Tamarind paste
    • Other major confectionery items

Financial Performance:

CategoryDescription
RevenueFluctuated in the past two years, though still higher than 2021. Falls within the range of INR 1 crore to INR 100 crore for the fiscal year ending March 2022.
ProfitabilityDespite lower sales in their latest year, profits have increased over 3-fold.
ValuationBased on the latest EPS and a price of ₹68 per share (IPO fixed price), the P/E ratio is around 27-28 times. This may not offer significant upside unless the inventory gains observed are more than a one-time occurrence.

Italian Edibles Pro and Cons:


Pros
Cons
Italian Edibles was launched in 2009 and quickly developed an excellent name within India’s confectionary sector.Revenue fluctuated over the prior two years before stabilising towards 2021 and current IPO pricing.
Profitability Growth: Even after experiencing a slight decrease in sales last year, earnings have more than quadrupled!Earnings projections indicate an expected P/E ratio between 27-28.
Italian Edibles provides a broad selection of sweets, chocolates, milk paste products, fruit-based items and healthier snack alternatives to meet every customer need.Debt Matters: Debt can reduce or inhibit future investment options available to your company.
Management at our confectionery company have extensive expertise, which may contribute to effective decision-making and strategic planning processes.Italian Edibles relies heavily on local wholesalers and distributors for distribution of its products.
Solid supplier relationships provide access to high-grade ingredients essential for upholding product quality and taste.Uncertainty Over Inventory Gains: Recent inventory gains could not be sustained and could put future profits at risk should their increases not correspond with actual demand.

Objects of the Issue:

  • Setting up of the proposed manufacturing unit
  • Repayment of certain Borrowings
  • To meet incremental working capital requirements
  • General Corporate Expenses

Italian Edibles IPO Important Dates

EventDate
IPO Open DateFebruary 2, 2024
IPO Close DateFebruary 7, 2024
Basis of AllotmentFebruary 8, 2024
RefundsFebruary 9, 2024
Credit to Demat AccountFebruary 9, 2024
IPO Listing DateFebruary 12, 2024

Italian Edibles IPO Date and Price Band Complete Details:

DataDescription
Dates
OpenJanuary 2, 2024
CloseJanuary 7, 2024
Offer Details
SizeApprox ₹26.66 Crores
Equity Shares3,920,000
Face Value₹10 Per Equity Share
Price Band₹68 Per Equity Share
Listing Information
ExchangeNSE SME
Retail Quota50% of the net offer
NII Quota50% of the net offer
DRHP Draft ProspectusClick Here

Italian Edibles IPO Market Lot Size:

CategoryLot SizeSharesAmount
Retail Minimum12,00012,000₹136,000
Retail Maximum12,00012,000₹136,000
S-HNI Minimum24,00024,000₹272,000

Italian Edibles Financial Report

Category202120222023Sep 2023
Revenue₹48.99₹75.45₹63.30₹30.52
Expense₹47.87₹74.07₹59.93₹27.70
PAT₹0.87₹0.80₹2.64₹2.10

Italian Edibles Details:

CategoryInformation
Peer GroupLotus Chocolate Company Limited
Tapi Fruit Processing Limited
Company PromotersMr. Ajay Makhija
Mr. Akshay Makhija
Italian Edibles IPO RegistrarBigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: Bigshare Services Pvt Ltd
Italian Edibles IPO Allotment StatusCheck Italian Edibles IPO allotment status on Bigshare website URL. Click Here
Italian Edibles IPO Lead ManagersFirst Overseas Capital Limited
Company AddressItalian Edibles Limited
309/1/1/8 Block No.03,
Mangal Udhyog Nagar, Gram Palda,
Indore – 452020
Phone: +91 9826298268
Email: [email protected]
Website: Of Course Group

frequently asked question by investor:

When Italian Edibles IPO will open?

The initial public offering (IPO) will open for National Institutional Investors and Retail Investors on February 2, 2024.

What is Italian Edibles IPO Investors Portion?

Investors’ Share for National Infrastructure Investment is 50%; Retail is also split evenly.

What is Italian Edibles IPO Size?

Italian Edibles’ initial public offering (IPO) size stands at Rs6.88 crores.

What is Italian Edibles IPO Price Band?

Italian Edibles’ initial public offering (IPO) price band of Rs81 per equity share.

What is Italian Edibles IPO Allotment Date?

Italian Edibles’ initial public offering allotment date is set for January 10, 2024.

What is Italian Edibles IPO Listing Date?

Italian Edibles will launch its IPO listing date of January 15, 2024 on NSE SME Exchange.

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