Italian Edibles Limited
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Feb 2 to Feb 7 2024
Price Band
₹68
Current GMP
₹55 (-19.11%)
Subscription
154.43 times
IPO Details
| IPO Date | February 2, 2024 to February 7, 2024 |
| Listing Date | Monday, 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 |
IPO Date
February 2, 2024 to February 7, 2024
Listing Date
Monday, 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
IPO Subscription Details
| Market Maker | 1 |
| Non-Institutional Buyers* | 177.37 |
| Retail Investors | 120.62 |
| Total ** | 154.43 |
Market Maker
1
Non-Institutional Buyers*
177.37
Retail Investors
120.62
Total **
154.43
Day Wise Sub
| Day | NII* | Retail | Total |
|---|---|---|---|
| Day 1 Feb 2, 2024 | 1.33 | 7.50 | 4.42 |
| Day 2 Feb 5, 2024 | 5.04 | 27.45 | 16.25 |
| Day 3 Feb 6, 2024 | 14.11 | 54.04 | 34.12 |
| Day 4 Feb 7, 2024 | 177.37 | 120.62 | 154.43 |
DayDay 1
Feb 2, 2024
NII*1.33
Retail7.50
Total4.42
DayDay 2
Feb 5, 2024
NII*5.04
Retail27.45
Total16.25
DayDay 3
Feb 6, 2024
NII*14.11
Retail54.04
Total34.12
DayDay 4
Feb 7, 2024
NII*177.37
Retail120.62
Total154.43
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 12-02-2024 | 68.00 | 12 (17.65%) | 80 |
| 11-02-2024 | 68.00 | 12 (17.65%) | 80 |
| 10-02-2024 | 68.00 | 12 (17.65%) | 80 |
| 09-02-2024 | 68.00 | 18 (26.47%) | 86 |
| 08-02-2024 | 68.00 | 18 (26.47%) | 86 |
| 07-02-2024 | 68.00 | 15 (22.06%) | 83 |
| 06-02-2024 | 68.00 | 15 (22.06%) | 83 |
| 05-02-2024 | 68.00 | 20 (29.41%) | 88 |
| 04-02-2024 | 68.00 | 20 (29.41%) | 88 |
| 03-02-2024 | 68.00 | 20 (29.41%) | 88 |
| 02-02-2024 | 68.00 | 20 (29.41%) | 88 |
| 01-02-2024 | 68.00 | 20 (29.41%) | 88 |
| 31-01-2024 | 68.00 | 0 (0%) | 68 |
| 30-01-2024 | 68.00 | 0 (0%) | 68 |
Date12-02-2024
Price68.00
GMP12 (17.65%)
Estimate List Price80
Date11-02-2024
Price68.00
GMP12 (17.65%)
Estimate List Price80
Date10-02-2024
Price68.00
GMP12 (17.65%)
Estimate List Price80
Date09-02-2024
Price68.00
GMP18 (26.47%)
Estimate List Price86
Date08-02-2024
Price68.00
GMP18 (26.47%)
Estimate List Price86
Date07-02-2024
Price68.00
GMP15 (22.06%)
Estimate List Price83
Date06-02-2024
Price68.00
GMP15 (22.06%)
Estimate List Price83
Date05-02-2024
Price68.00
GMP20 (29.41%)
Estimate List Price88
Date04-02-2024
Price68.00
GMP20 (29.41%)
Estimate List Price88
Date03-02-2024
Price68.00
GMP20 (29.41%)
Estimate List Price88
Date02-02-2024
Price68.00
GMP20 (29.41%)
Estimate List Price88
Date01-02-2024
Price68.00
GMP20 (29.41%)
Estimate List Price88
Date31-01-2024
Price68.00
GMP0 (0%)
Estimate List Price68
Date30-01-2024
Price68.00
GMP0 (0%)
Estimate List Price68
IPO Important Dates
| 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 |
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
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 |
ApplicationRetail (Min)
Lots1
Shares2000
Amount₹136,000
ApplicationRetail (Max)
Lots1
Shares2000
Amount₹136,000
ApplicationHNI (Min)
Lots2
Shares4,000
Amount₹272,000
Financial Information
| Period Ended | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 4,824.64 | 4,155.24 | 3,905.45 |
| Revenue | 3,052.16 | 6,330.09 | 7,545.25 |
| Profit After Tax | 209.68 | 264.21 | 80.21 |
| Net Worth | 1,287.92 | 1,078.24 | 814.03 |
| Reserves and Surplus | 202.21 | 906.82 | 642.60 |
Period EndedPeriod Ended
31 Aug 202331 Aug 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Aug 20234,824.64
31 Mar 20234,155.24
31 Mar 20223,905.45
Period EndedRevenue
31 Aug 20233,052.16
31 Mar 20236,330.09
31 Mar 20227,545.25
Period EndedProfit After Tax
31 Aug 2023209.68
31 Mar 2023264.21
31 Mar 202280.21
Period EndedNet Worth
31 Aug 20231,287.92
31 Mar 20231,078.24
31 Mar 2022814.03
Period EndedReserves and Surplus
31 Aug 2023202.21
31 Mar 2023906.82
31 Mar 2022642.60
Key Performance Indicator
| ROE | 24.50% |
| ROCE | 19.32% |
| Debt/Equity | 1.6 |
| RoNW | 24.50% |
| P/BV | 1.08 |
| EPS (Rs) | 2.43 |
ROE
24.50%
ROCE
19.32%
Debt/Equity
1.6
RoNW
24.50%
P/BV
1.08
EPS (Rs)
2.43
IPO Reservation
| 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%) |
| Total Shares Offered | 3,920,000 (100%) |
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%)
Total Shares Offered
3,920,000 (100%)
Information about company
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.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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