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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹26.66 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹26.66 Cr |
| Fresh Issue | ₹25.30 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹68.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | ITALIANE |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | First Overseas Capital Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/ prepayment, in full or in part of certain outstanding borrowings availed by our Company | 8.00 |
| 2 | Repayment of certain Borrowings | 6.14 |
| 3 | To meet incremental working capital requirements | 6.00 |
| 4 | General Corporate Expenses | 5.71 |
| 5 | To meet the expenses of the Issue | 0.80 |
| Total | 26.66 |
| Period Ended | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 48.25 | 41.55 | 39.05 | 39.46 |
| Total Income | 30.52 | 63.30 | 75.45 | 48.99 |
| Profit After Tax | 2.10 | 2.64 | 0.80 | 0.87 |
| NET Worth | 12.88 | 10.78 | 8.14 | 5.84 |
| Reserves and Surplus | 2.02 | 9.07 | 6.43 | 4.34 |
| Amount in ₹ Crore | ||||
| KPI | |
|---|---|
| ROE | 24.50% |
| ROCE | 19.32% |
| Debt / Equity | 1.60% |
| RoNW | 24.50% |
| PAT Margin | 4.17% |
| Price to Book Value | 1.08 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 2.43 | 3.41 |
| P/E (x) | 27.94 | 19.97 |
| Promoter Holding | 100.00% | 73.47% |
| Market Cap | ₹100.48 Cr. | |
