Last updated on February 12, 2024
Italian Edibles IPO description – Established in 2009, Italian Edibles delights under the brand ‘OfCourse’. The company offers a wide range of confectionery such as Rabdi [Meethai Sweet], Milk Paste, Chocolate Paste, Lollipops, Candies, Jelly Candies, Multi-Grain Puff Rolls, Fruit Based Products to the customers.
Italian Edibles span the entirety of India, notably gracing rural and semi-urban landscapes in Andhra Pradesh, Assam, Bihar, Chhattisgarh, Delhi, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Jharkhand, Karnataka, Kerala, 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 31 August 2023, the company’s top clients include Chocolate World, Yuvraj Agency, Bakewell Biscuits Private Limited, R. K. Prabhavati Traders, Mamta Stores, Ma Laxmi Traders, Suria Distributor, and more. Notably, its Jelly Candies are exclusively supplied to Dharpal Premchand Ltd (BABA) group.
As of 31 August 2023, Italian Edibles collaborates with around 450 suppliers and distributors spanning 22 states in India. The company efficiently exports its products through a network of five merchant exporters. The company has a dedicated sales and marketing team consisting of 15 employees.
Promoters of Italian Edibles – Mr. Ajay Makhija, and Mr. Akshay Makhija
Table of Contents
Italian Edibles IPO Details
| Italian Edibles IPO Dates | 2 – 7 Feb 2024 |
| Italian Edibles Issue Price | INR 68 per share |
| Fresh issue | 3,920,000 shares (INR 26.66 crore) |
| Offer For Sale | Nil |
| Total IPO size | 3,920,000 shares (INR 26.66 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 136,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME |
Italian Edibles Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 5M FY 2024 |
| Revenue | 48.90 | 75.41 | 63.21 | 30.52 |
| Expenses | 47.87 | 74.07 | 59.93 | 27.70 |
| Net income | 0.87 | 0.80 | 2.64 | 2.10 |
Italian Edibles Offer News
- Italian Edibles RHP
- Italian Edibles Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Italian Edibles Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.81 | 0.75 | 2.43 |
| PE ratio | – | – | 27.98 |
| RONW (%) | 14.82 | 9.85 | 24.50 |
| NAV | 38.92 | 47.49 | 62.90 |
| EBITDA (%) | 7.34 | 5.79 | 10.91 |
| ROCE (%) | 9.17 | 12.16 | 19.32 |
| Debt/Equity | 4.27 | 2.23 | 1.60 |
Italian Edibles IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 10 February 2024 | 15 | – | 22,000 |
| 9 February 2024 | 15 | – | 22,000 |
| 8 February 2024 | 13 | – | 20,000 |
| 7 February 2024 | 15 | – | 24,000 |
| 6 February 2024 | 20 | – | 30,000 |
| 5 February 2024 | 20 | – | 31,500 |
| 3 February 2024 | 20 | – | 31,500 |
| 2 February 2024 | 15 | – | 27,000 |
Italian Edibles IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 1,860,000 | 1,860,000 | 3,720,000 |
| 7 Feb 2024 | 177.48 | 120.62 | 149.05 |
| 6 Feb 2024 | 14.13 | 53.34 | 33.73 |
| 5 Feb 2024 | 5.08 | 26.70 | 15.89 |
| 2 Feb 2024 | 1.30 | 7.22 | 4.26 |
The market maker reservation portion of 2,00,000 shares is not included in the above calculations.
Italian Edibles IPO Allotment Status
Italian Edibles IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Italian Edibles IPO Dates & Listing Performance
| IPO Opening Date | 2 February 2024 |
| IPO Closing Date | 7 February 2024 |
| Finalization of Basis of Allotment | 8 February 2024 |
| Initiation of refunds | 9 February 2024 |
| Transfer of shares to demat accounts | 9 February 2024 |
| IPO Listing Date | 12 February 2024 |
| Opening Price on NSE SME | INR 55 per share (down 19.12%) |
| Closing Price on NSE SME | INR 57.75 per share (down 15.07%) |
Italian Edibles Offer Lead Manager
FIRST OVERSEAS CAPITAL LIMITED
1-2 Bhupen Chambers, Dalal Street, Fountain,
Mumbai – 400 001, Maharashtra, India
Phone: +91 22 4050 9999
Email:Â [email protected]
Website:Â www.focl.in
Italian Edibles Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Italian Edibles IPO Contact Details
ITALIAN EDIBLES LIMITED
309/1/1/8 Block No.03, Mangal Udhyog Nagar,
Gram Palda, Indore-452020, Madhya Pradesh, India
Phone: +91 9826298268
E-mail: [email protected]
Website: www.ofcoursegroup.com
IPO FAQs
What is the Italian Edibles offer size?
Italian Edibles offer size is INR 26.66 crores.
What is the Italian Edibles offer price band?
Italian Edibles public offer price is INR 68 per share.
What is the lot size of the Italian Edibles IPO?
Italian Edibles offer lot size is 2,000 shares.
What is Italian Edibles IPO GMP today?
Italian Edibles IPO GMP today is INR 15 per share.
What is the Italian Edibles kostak rate today?
Italian Edibles kostak rate today is NA per application.
What is Italian Edibles Subject to Sauda rate today?
Italian Edibles Subject to Sauda rate today is INR 22,000 per application.
