Italian Edibles Limited
Fixed Price Issue IPO · NSE
- Price band
- ₹68 - ₹68
- Lot size
- 2,000 shares
- Issue amount
- ₹26.66 cr
- Total subscription
- 149.05×
- Opens
- 2 Feb 2024
- Closes
- 7 Feb 2024
- Allotment
- 8 Feb 2024
- Listing
- 12 Feb 2024
Offer at a glance
Issue overview
- Issue size
- 39,20,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,36,000
- Fresh issue
- ₹26.66 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,36,000
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 1,08,57,151
- Shares after issue
- 1,47,77,151
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 2,000 | ₹1,36,000 |
| HNI | 2 | 4,000 | ₹2,72,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 12.65 | 1,525.62 |
| NIB | 12.65 | 2,244.79 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Values |
|---|---|
| EPS | 3.41 |
| ROE | 24.5 |
| ROCE | 19.32 |
| RONW | 24.5 |
| PRE IPO(PE) | 27.94 |
| POST IPO(PE) | 19.97 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in 2009, Italian Edibles Limited specializes in a wide range of confectionery products under its OfCour’s brand. Their offerings include Rabdi (Meethai Sweet), milk paste, chocolate paste, lollipops, candies, jelly sweets, multigrain puffed buns, and fruit-based treats. The company operates two manufacturing facilities in Indore, Madhya Pradesh and has a strong presence across India, particularly in rural and semi-urban markets in states like Andhra Pradesh, Maharashtra, Uttar Pradesh, Tamil Nadu, Punjab, and more. It also exports products to Nigeria, Yemen, Senegal, and Sudan. As of August 31, 2023, Italian Edibles serves a diverse customer base, including Chocolate World, Yuvraj Agency, Bakewell Biscuits Pvt Ltd, Ma Laxmi Traders, and Suria Distributor. Additionally, its Jelly Candies are supplied to Dharpal Premchand Ltd (BABA Group). With a dedicated sales and marketing team of 15 employees, the company continues to expand its reach and bring quality confectionery products to customers worldwide.
Promoters
Mr. Ajay Makhija
Mr. Akshay Makhija
Registrar & documents
Lead manager
First Overseas Capital Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
309/1/1/8 Block No.03, Mangal Udhyog Nagar, Gram Palda, Indore - 452020
+91 9826298268
[email protected]Company website ↗Understanding ITALIANE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.