Italian Edibles Limited (NSE SME)
February 2, 2024 – February 7, 2024
| Price | ₹68 - ₹68 |
| Premium | ₹12 |
|---|---|
| Lot size | 2000 |
| Allotment | Feb 8, 2024 |
| Listing | Feb 12, 2024 |
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/
Last updated on 07-Feb-2024 17:01:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 1860000 | 330116000 | 177.48 |
| RETAIL | 1860000 | 224356000 | 120.62 |
| Total | 3720000 | 554472000 | 149.05 |
| Retail Apps | 112178 | © IPO Premium | |
| HNI Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹16.2 | @8% ₹18.52 | @9% ₹20.83 | @10% ₹23.15 | @11% ₹25.46 | @12% ₹27.77 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 136000 | 930 |
| HNI | 2 | 4000 | 272000 | 930 |
Founded in 2009, 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
| Issue Size | 3,920,000 shares (aggregating up to ₹26.66 Cr) |
| Fresh Issue | 3,920,000 shares (aggregating up to ₹26.66 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 10,857,151 |
| Share holding post issue | 14,777,151 |
| Market Maker portion | 200,000 shares Nikunj Stock Brokers |
Italian Edibles IPO Reservation
Italian Edibles IPO offers 3,920,000 shares. 1,860,000 (47.45%) to NII, 1,860,000 (47.45%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 200,000 (5.10%) |
| Other Shares Offered | 1,860,000 (47.45%) |
| Retail Shares Offered | 1,860,000 (47.45%) |
| Shares Offered | 3,920,000 (100%) |
Italian Edibles IPO Lead Manager(s)
- First Overseas Capital Limited
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 24.50% |
| ROCE | 19.32% |
| Debt/Equity | 1.6 |
| RoNW | 24.50% |
| P/BV | 1.08 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.43 | 3.41 |
| P/E (x) | 27.94 | 19.97 |
Company Financials
Italian Edibles Limited Financial Information (Restated)
Italian Edibles Limited's revenue decreased by -16.1% and profit after tax (PAT) rose by 229.4% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Aug 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 4,824.64 | 4,155.24 | 3,905.45 | 3,946.43 |
| Revenue | 3,052.16 | 6,330.09 | 7,545.25 | 4,899.44 |
| Profit | 209.68 | 264.21 | 80.21 | 86.52 |
| Net Worth | 1,287.92 | 1,078.24 | 814.03 | 583.82 |
| Reserves | 202.21 | 906.82 | 642.60 | 433.82 |
| Amount in ₹ Lakhs | ||||