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Italian Edibles IPO GMP, IPO Price Band, IPO Lot Size
Italian Edibles IPO is opening for subscription on February 2, 2024, and closing on February 7, 2024. This NSE SME IPO aims to raise ₹26.66 crores, with a 100% Fresh Issue of 3,920,000 equity shares, each with a face value of ₹10. The price band for the Italian Edibles IPO is fixed at ₹68 Per Share, with a market lot of 2000 Shares. The allocation for this IPO is as follows: 50% for retail investors, and 50% for high-net-worth individuals (HNI). Italian Edibles IPO Allotment will done on February 8, 2024, and Italian Edibles IPO listing date is February 12, 2024.
Italian Edibles Company Profile
Italian Edibles specializes in confectionery products, with a widespread presence across rural and semi-urban areas in India. Their products cater to teenagers, young adults, and children in these regions. Additionally, they export to countries such as Nigeria, Yemen, Sinegal, and Sudan. As of August 31, 2023, their top customers include Chocolate World, Yuvraj Agency, Bakewell Biscuits Private Limited, and others. The company boasts a robust distribution network comprising approximately 450 suppliers and distributors across 22 states in India.
In Central India, the company has also ventured into the wafer market and has gained remarkable recognition. Their unique range of egg chocolates, coupled with toys, has found a special place in the hearts of many. Their reputation extends across India, which is underlined by the trust of large companies like Dharpal Premchand (BABA), for whom they make delicious jelly sweets.
Their goal is to provide customers with the highest quality confectionery at competitive prices. They strive to maintain their reputation as the first company to make unique products like their popular milk paste and spread joy with every bite.
Italian Edibles IPO Objectives
The funds raised through the IPO will be utilized for:
- Setting up the proposed manufacturing unit
- Repayment of certain borrowings
- Meeting incremental working capital requirements
- General corporate expenses
Italian Edibles IPO Key Details
- Italian Edibles IPO Open Date: February 2, 2024
- Italian Edibles IPO Close Date: February 7, 2024
- Italian Edibles IPO Size: Approximately ₹26.66 crores, 3,920,000 Equity Shares
- Face Value: ₹10 Per Equity Share
- Italian Edibles IPO Price Band: ₹68 Per Equity Share
- Italian Edibles IPO Listing on: NSE SME IPO
- Retail Quota: 50% of the net offer
- NII Quota: 50% of the net offer
Italian Edibles IPO Timeline
- Italian Edibles IPO Open Date: February 2, 2024
- Italian Edibles IPO Close Date: February 7, 2024
- Basis of Allotment: February 8, 2024
- Refunds: February 8, 2024
- Credit to Demat Account: February 8, 2024
- Italian Edibles IPO Listing Date: February 12, 2024
How to Apply for Italian Edibles IPO
Investors can apply for the Italian Edibles IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.
Italian Edibles Financial Performance (in Crores)
- 2021: Revenue ₹48.99, Expense ₹47.87, PAT ₹0.87
- 2022: Revenue ₹75.45, Expense ₹74.07, PAT ₹0.80
- 2023: Revenue ₹63.30, Expense ₹59.93, PAT ₹2.64
- Sep 2023: Revenue ₹30.52, Expense ₹27.70, PAT ₹2.10
Italian Edibles Valuation FY2024
- Earning Per Share (EPS): ₹2.43 per Equity Share
- Price/Earning P/E Ratio: 27.98
- Return on Net Worth (RoNW): 24.50%
- Net Asset Value (NAV): ₹62.90 per Equity Share
Italian Edibles Peer Group
- Lotus Chocolate Company Limited
- Tapi Fruit Processing Limited
Italian Edibles Company Promoters
- Mr. Ajay Makhija
- Mr. Akshay Makhija
Italian Edibles IPO Registrar
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai – 400 059
Website: https://ipo.bigshareonline.com/IPO_Status.html
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Italian Edibles IPO Allotment Status Check
- Check the Italian Edibles IPO allotment status on the Bigshare Services website.
Italian Edibles IPO Allotment Link
- Check the Italian Edibles IPO allotment on the ipogmp.org website.
Italian Edibles IPO Lead Managers (Merchant Bankers)
- First Overseas Capital Limited
Italian Edibles Company Address
309/1/1/8 Block No.03, Mangal Udhyog Nagar, Gram Palda
Indore,Madhya Pradesh-452020 India
Website: https://www.ofcoursegroup.com/
Phone: +91 9826298268
Email: italian_edibles@yahoo.com
Italian Edibles IPO FAQs
What is Italian Edibles IPO?
Italian Edibles IPO is an NSE SME IPO. They are going to raise ₹26.66 crores via IPO. The issue is priced at ₹68 Per equity share. The IPO is to be listed on BSE.
When will the Italian Edibles IPO open?
The IPO is to open on February 2, 2024, for NII, and Retail Investors.
What is Italian Edibles IPO Investors Portion?
The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.
How to Apply for the Italian Edibles IPO?
You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply Italian Edibles IPO through Zerodha?
For those using Zerodha, the application process involves logging into the Zerodha Console, selecting the IPO under the Portfolio section, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with Zerodha may be necessary for some applicants. Open Demat Account with Zerodha.
How to Apply the Italian Edibles IPO through Alice Blue?
Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.
How to Apply for the Italian Edibles IPO through Motilal Oswal?
Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.
What is Italian Edibles IPO Size?
Italian Edibles IPO size is ₹26.66 crores.
What is Italian Edibles IPO Price Band?
Italian Edibles IPO Price Band is ₹68 Per equity share.
What is Italian Edibles IPO Minimum and Maximum Lot Size?
The IPO bid is 2000 Shares with ₹136,000.
What is Italian Edibles IPO Allotment Date?
Italian Edibles IPO allotment date is February 8, 2024.
What is Italian Edibles IPO Listing Date?
Italian Edibles IPO listing date is February 12, 2024. The IPO to list on NSE SME IPO.
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