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Open
2 Feb 2024
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Close
7 Feb 2024
3
Allotment
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Listing
Mon, Feb 12, 2024
Price Band
₹68 per share
Issue Size
39,20,000 shares (agg. up to ₹27 Cr)
Lot Size
2,000 Shares
Listing Date
Mon, Feb 12, 2024
Latest GMP
₹12
Est. Gain
17.65%
✦ AI Insight
GMP Trend
12-02-2024₹12Est. ₹80+17.65%
11-02-2024₹12Est. ₹80+17.65%
10-02-2024₹12Est. ₹80+17.65%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 155.50x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 48.25 | 41.55 | 39.05 | 39.46 |
| Total Income | 30.52 | 63.30 | 75.45 | 48.99 |
| Profit After Tax | 2.10 | 2.64 | 0.80 | 0.87 |
| NET Worth | 12.88 | 10.78 | 8.14 | 5.84 |
| Reserves and Surplus | 2.02 | 9.07 | 6.43 | 4.34 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Sonalis Consumer Products Ltd. | SME | ₹2.83 Cr | ₹30 | 6.56 | ₹39.90 | +33.00% | ₹38.02 (+0.56%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/ prepayment, in full or in part of certain outstanding borrowings availed by our Company | 8.00 |
| 2 | Repayment of certain Borrowings | 6.14 |
| 3 | To meet incremental working capital requirements | 6.00 |
| 4 | General Corporate Expenses | 5.71 |
| 5 | To meet the expenses of the Issue | 0.80 |
| Total | 26.66 |
About Italian Edibles IPO
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
Contact Details
Italian Edibles Ltd. Address309/1/1/8 Block No.03Mangal Udhyog NagarGram PaldaIndore, Madhya Pradesh, 452020+91 9826298268italian_edibles@yahoo.comVisit Website