Italian Edibles Ltd
Price Range
₹68
Min. Quantity
2,000
Closes on
7 February 2024
Min. investment
₹1,36,000/2,000 Shares
Italian Edibles Ltd IPO Timeline
Italian Edibles Ltd was originally incorporated as Italian Edibles Private Limited on December 16, 2009 vide certificate of incorporation issued by the Registrar of Companies, Madhya Pradesh and Chattisgarh. Subsequently, the name of Company was changed from 'Italian Edibles Private Limited' to 'Italian Edibles Limited' through fresh certificate of incorporation dated September 21, 2023 issued by the Registrar of Companies, Gwalior. The Company is engaged in supplies of Biscuit (wafer), dairy, ice- cream, confectionery products to many business houses in India.
| Event | Date |
|---|---|
| Italian Edibles Ltd IPO Opening Date | 2 February 2024 |
| Italian Edibles Ltd IPO Closing Date | 7 February 2024 |
| Basis of Allotment | 8 February 2024 |
| Initiation of Refunds | 9 February 2024 |
| Credit of Shares to Demat | 9 February 2024 |
| Italian Edibles Ltd IPO Listing Date | 12 February 2024 |
Italian Edibles Ltd IPO Details
| Italian Edibles Ltd IPO Date | 2 February 2024 to 7 February 2024 |
| Italian Edibles Ltd IPO Face Value | ₹10 per share |
| Italian Edibles Ltd IPO Price | ₹68 to ₹0 per share |
| Italian Edibles Ltd IPO Lot Size | 2,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹26.66 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹26.66 Cr) |
| Offer for Sale | - |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Ajay Makhija, Akshay Makhija |
Italian Edibles Ltd IPO Lot Size
The Italian Edibles Ltd IPO lot size is 2,000 shares. A retail-individual investor can apply for up to 1 lots (2,000 shares or ₹1,36,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 2,000 | ₹1,36,000 |
| Maximum | 1 | 2,000 | ₹1,36,000 |
- Strengths
- Risks
- Opportunities
- Well Established Brand name and goodwill amongst market players.
- Consistent focus on quality.
- Well established relationships with its suppliers and wide channel of sales and distribution network.
- Diversified Product Portfolio.
- Experienced promoter and management team.
Company Financials
Italian Edibles Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2023 | 41.55 | 63.3 | 2.64 |
| 03-2022 | 39.05 | 75.45 | 0.80 |
| 03-2021 | 39.46 | 48.99 | 0.87 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Setting up of the proposed manufacturing unit
- Repayment of certain borrowings
- To meet incremental working capital requirements
- General corporate expenses
Italian Edibles Ltd IPO Promoter Holding
| Pre Issue Share Holding | 48.75% |
| Post Issue Share Holding | 35.82% |
Italian Edibles Ltd IPO Subscription Status (Bidding Detail)
The Italian Edibles Ltd IPO is subscribed 141.4469 times on 7 February 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 141.4469 |
Italian Edibles Ltd IPO Prospectus
Italian Edibles Ltd IPO Listing Date
| Listing Date | 12 February 2024 |
| BSE Script | 92397 |
| NSE Symbol | ITALIANE |
| Listing In | NSE - SME |
| ISIN | INE0R7R01018 |
| IPO Price | ₹68 |
| Face Value | ₹10 |
Company Contact Information
309/1/1/8 Block No 3 Mangal-Udhyog Nagar Gram Palda,Indore-452020
Phone: +91 98262 98268
Email: italian_edibles@yahoo.com
Website: www.ofcoursegroup.com
Italian Edibles Ltd IPO Registrar
Italian Edibles Ltd IPO Lead Manager(s)
- First Overseas Capital Ltd
FAQ
What is the issue size of Italian Edibles Ltd IPO?
I have pre-applied for Italian Edibles Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.