Italian Edibles Limited IPO
₹68
2000
154.43
| Open Date: | 02-Feb-2024 |
| Close Date: | 07-Feb-2024 |
| Allotment Date: | 08-Feb-2024 |
| Listing Date: | 12-Feb-2024 |
| Listing Price: | N/A |
| Face Value: | ₹10 Per Equity Share |
| Issue Price: | ₹68 Per Equity Share |
| Issue Size: | 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) |
| Market Lot (Min Amount): | Retail - ₹136,000 : HNI - ₹272,000 |
As on | QIB / Nll | Rll | Total |
|---|---|---|---|
| Shares Offered/Reserved | 1,860,000 | 1,860,000 | 3,720,000 |
| Day 1 - 02-02-24 05:00 PM | 1.33x | 7.50x | 4.42x |
| Day 2 - 05-05-24 05:00 PM | 5.04x | 27.45x | 16.25x |
| Day 3 - 06-06-24 05:00 PM | 14.11x | 54.04x | 34.12x |
| Day 4 - 07-07-24 05:00 PM | 177.37x | 120.62x | 154.43x |
| Total No. of Application: | 112,178 (Approx.) | ||
| Retail Subscription on the basis of Apps: | 120.62x | ||
| Earning Per Share(EPS) | ₹2.43/- |
| P/E Ratio | 27.94 |
| RoNW | 24.50% |
| Net Asset Value (NAV) - Post Issue: | ₹62.90/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Aug,2023 | 4,824.64 | 3,052.16 | 209.68 |
| 31 Mar,2023 | 4,155.24 | 6,330.09 | 264.21 |
| 31 Mar,2022 | 3,905.45 | 7,545.25 | 80.21 |
| 31 Mar,2021 | 3,946.43 | 4,899.44 | 86.52 |
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.47% |
| 1. Mr. Ajay Makhija |
| 2. Mr. Akshay Makhija |
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.
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.
No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
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