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Italian Edibles Limited IPO
Italian Edibles Ltd. (IEL) is a manufacturer and supplier of Confectionery products. It in a broader sense implies the preservation of sweet delicacy preparation in the form of candies, caramels, chocolate, processed cocoa and milk and traditional Indian confections. Keeping in mind the company's mantra "Sharing is Everything" and "Delightful Creation and Boundless Joy", the company has been manufacturing delicious mouthwatering confectionery products for the last 14 years. Its confectionery products are sold under the brand name of "Ofcour's". It offers a wide range of confectionery such as Rabdi, Milk Paste, Chocolate Paste, Lollipops, Candies, Jelly Candies, Multi-Grain Puff Rolls, Fruit Based Products to customers.
India being a country with different cultures, many festivals and occasions, celebration with confectioneries plays a major role in those special occasions, festivals etc. Italian Edibles IPO is a fixed price issue of Rs 26.66 crores. The issue is entirely a fresh issue of 39.2 lakh shares. Italian Edibles IPO price is ₹68 per share. The minimum lot size for an application is 2000 Shares. First Overseas Capital Limited is the book running lead manager of the Italian Edibles IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Italian Edibles IPO is Nikunj Stock Brokers.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Italian Edibles Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Italian Edibles Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | February 2, 2024 to February 7, 2024 |
| Listing Date | February 12, 2024 |
| Face Value | ₹10 per share |
| Price | ₹68 per share |
| Lot Size | 2000 Shares |
| Total 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 Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Friday, February 2, 2024 |
| IPO Close Date | Wednesday, February 7, 2024 |
| Basis of Allotment | Thursday, February 8, 2024 |
| Initiation of Refunds | Friday, February 9, 2024 |
| Credit of Shares to Demat | Friday, February 9, 2024 |
| Listing Date | Monday, February 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 7, 2024 |
Italian Edibles Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹136,000 |
| Retail (Max) | 1 | 2000 | ₹136,000 |
| HNI (Min) | 2 | 4,000 | ₹272,000 |
Italian Edibles Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.47% |
Competitive Strength:
- -
Italian Edibles Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Aug 2023 | 4,824.64 | 3,052.16 | 209.68 | 1,287.92 | - | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 4,155.24 | 6,330.09 | 264.21 | 1,078.24 | - | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 3,905.45 | 7,545.25 | 80.21 | 814.03 | - | |||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 3,946.43 | 4,899.44 | 86.52 | 583.82 | - | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
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 |
Objectives of Italian Edibles IPO
The Net Proceeds from the Issue are proposed to be utilized by the company for the following objectives:-
- 1. Setting up of the proposed manufacturing unit.
- 2. Repayment of certain Borrowings.
- 3. To meet incremental working capital requirements.
- 4. General Corporate Expenses.
Italian Edibles IPO Review
The company is in the business of confectioneries and other food items. It posted inconsistency in its top line and a surprising boost in bottom lines from FY23 onwards. Based on annualized super earnings for FY24, the issue appears fully priced. Recent performance appears to have been cooked up. The company is operating in a highly competitive and fragmented segment. There is no harm in skipping this issue.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
-
What Is The Allotment Date Of The Italian Edibles IPO?
The allotment date of the Italian Edibles IPO is February 8, 2024.
-
What Is The Price Band Of The Italian Edibles IPO?
The company is going to issue shares at INR 68 per share.
-
What Is The Size Of The Italian Edibles IPO?
The issue includes a fresh Issue of up to 39,20,000 Equity Shares of the Company at INR 68 per share, totaling INR 2665.60 lakhs. The company intends to use the funds raised for manufacturing setup, debt repayment, working capital, and corporate expenses funding.
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What Is The Listing Date Of The Italian Edibles IPO?
The listing date of the Italian Edibles IPO is February 12, 2024.
