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 opens for subscription on February 2, 2024, and closes on February 7, 2024. The allotment for the Italian Edibles IPO is expected to be finalized on Thursday, February 8, 2024. Italian Edibles IPO will list on NSE SME with a tentative listing date fixed as Monday, February 12, 2024.
Italian Edibles IPO price is ₹68 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹136,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹272,000.
| IPO Date | February 2, 2024 to February 7, 2024 |
| Listing Date | [.] |
| 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) |
| Issued Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding post issue | 10,857,151 |
| Share holding post issue | 14,777,151 |
| Market Maker portion | 2,00,000 |
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%) |
| Total Shares Offered | 3,920,000 (100%) |
Image source: livemint.com
Italian Edibles IPO Timeline (Tentative Schedule)
Italian Edibles IPO opens on February 2, 2024, and closes 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 |
Italian Edibles IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹136,000 |
| Retail (Max) | 1 | 2000 | ₹136,000 |
| HNI (Min) | 2 | 4000 | ₹272,000 |
Italian Edibles IPO Promoter Holding
Mr. Ajay Makhija and Mr. Akshay Makhija are the promoters of the company.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.47% |
About Italian Edibles Limited
Established in 2009, Italian Edibles Restricted offers a wide variety of ice cream parlor items, for example, Rabdi [Meethai Sweet], milk glue, chocolate glue, candies, confections, jam desserts, multigrain puffed buns, and natural product-based items under its OfCour’s image.
The organization has two assembly offices at Gram Palda, Indore, and Prabhu Cost Kanta, Indore (Madhya Pradesh).
Image source: googleapis.com
Situated in Andhra Pradesh, Assam, Bihar, Chhattisgarh, Delhi, Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Karnataka, Kerela, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand, and West Bengal are among the standard and semi-metropolitan districts where Italian Edibles is open. The relationship in this way passes its things on to different nations like Nigeria, Yemen, Sinegal, and Sudan.
As of August 31, 2023, the Organization’s client list incorporates Chocolate World, Yuvraj Organization, Bakewell Rolls Private Restricted, R. K. Prabhavati Tarders, Mamta Stores, Mama Laxmi Dealers, Suria Merchant, and so on. What’s more, one of its items, specifically Jam Confections, is offered to Dharpal Premchand Ltd (BABA) Gathering.
The organization has a devoted deal and promoting group comprising of 15 workers.
Key Performance Indicator
The market capitalization of Italian Edibles IPO is Rs 100.48 Cr.
| KPI | Values |
| ROE | 24.50% |
| ROCE | 19.32% |
| Debt/Equity | 1.6 |
| RoNW | 24.50% |
| P/BV | 1.08 |
Objects of the Issue (Italian Edibles IPO Objectives)
The Net Proceeds from the Issue are proposed to be utilized by the company for the following objects:
- Setting up of the proposed manufacturing unit;
- Repayment of certain Borrowings;
- To meet incremental working capital requirements; and
- General Corporate Expenses.
Italian Edibles IPO Review (Avoid)
[Dilip Davda] The organization is occupied with candy parlors and other food. It posted irregularity in its top line and an astounding lift in primary concerns from FY23 onwards. Because of the annualized super profit for FY24, the issue shows up completely evaluated. Late execution seems to have been concocted. The organization is working in a profoundly serious and divided section.
Italian Edibles IPO Subscription Status (Bidding Detail)
The Italian Edibles IPO is subscribed 1.27 times on February 2, 2024, 11:59:00 AM (Day 1). The public issue subscribed 2.32 times in the retail category, [.] times in the QIB category, and 0.23 times in the NII category.
| Category | Subscription (times) | Shares Offered | Shares Bid For |
| NII* | 0.20 | 18,60,000 | 4,32,000 |
| Retail | 2.32 | 18,60,000 | 43,08,000 |
| Total | 1.27 | 37,20,000 | 47,40,000 |
FAQs
Q1. What is the most successful IPO?
List of the Biggest IPOs of All Time
– Saudi Aramco – $25.6 billion.
– Alibaba Group – $21.7 billion raise.
– Softbank Corp – $21.3 billion.
– NTT Mobile – $18.1 billion.
– Visa – $17.86 billion.
– AIA – $17.78 billion.
– EneL SpA – $16.45 billion.
– Facebook – $16.45 billion.
Q2. Which is the quickest IPO ever?
1. Kweichow Moutai. Of the 25 biggest organizations by market cap, Kweichow Moutai was the quickest to become public. The Chinese government part claims this organization, which makes a drunkard soul is the biggest refreshment organization on the planet.
Q3. Is it good to buy an IPO on the first day?
On the off chance that all around concluded that you will apply for the Initial public offering, let it all out on the absolute first day or the subsequent day. On the off chance that the financial backer applies on the last day, it could cause not many issues like the ledger not answering because of HNI and QIB high membership or some other specialized issues.
Q4. What is the minimum amount for an IPO?
According to SEBI rules, each candidate needs to put a base sum in the Initial public offering of an organization. This base sum can go from INR 10,000 to 15,000. Given the parcel size, individuals can put just that sum or in products of it.
Q5. What are 3 bids in an IPO?
Up to 3 offers can be set in the Initial public offering application. Each bid should be inside the cost range, and the amount ought to be a numerous of the part size. The sum impeded would be the most elevated among the 3 offers.
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