Italian Edibles Limited IPO : Company Details

Italian Edibles Limited IPO is set to launch on 2 February, 2023. The company initiated its business operations in the year 2009. It is involved in the business of confectionery products. The product portfolio of the company includes Milk Paste, Rabdi, Chocolate Paste, Helly Sweets, Candies, Lollipops, multigrain puffed buns etc. Its products are sold under the brand name OfCour’s. It has 2 manufacturing facilities located in Indore. The company has a business pan India especially in Assam, Andhra Pradesh, Bihar, Gujarat, Delhi, Haryana, Jammu Kashmir, Himachal Pradesh, Kerala, Karnataka, Madhya Pradesh etc. It has a team of 15 employees.

Italian Edibles Limited IPO DETAILS

Italian Edibles Limited IPO is set to launch on 2 February, 2023. The subscription timeline extends till 7 February, 2023. The size for the IPO is 26.66 Crore Rs. Shares issued through fresh issue mode are worth Rs 26.66 Crore. No shares are issued through offer for sale mode. The lot size is 2000 shares and the price is 68 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price Issue. The registrar for the company is BigShare Services Private Limited.

Tabular Description of Italian Edibles Limited IPO 

Italian Edibles Limited IPO : IMPORTANT DATES

Italian Edibles Limited IPO begins for subscription from 2 February, 2023. The IPO subscription would continue till 7 February, 2023. The allotment status for the shareholders who applied would come on 8 February, 2023. The refunds for the ones who did not get allotment would be initiated on 9 February, 2023. The DEMAT accounts of shareholders would be credited on 9 February, 2023. The listing of the company would be completed on 12 February, 2023.

Italian Edibles Limited IPO : Lead Managers

The lead managers are :

• First Overseas Capital Limited

The minimum lot size for the company is decided at 2000 shares. This holding accounts to 136000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 272000 Rs.. Hence the company’s final holdings would be set as :

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Italian Edibles Limited had an asset base of 3946 Lakh Rs in 2021. This decreased a bit to 3905 Lakh Rs in 2022. However in 2023 the asset base increased to 4155 Lakh Rs. The revenue of the firm was 4899 Lakh Rs in 2021. This jumped to 7545 Lakh Rs in 2022. The revenue of the year 2023 decreased to 6330 Lakh Rs in comparison to the revenue of the year 2022. The profit of the firm was 86 lakh Rs in 2021. Thai decreased slightly to 80 Lakh Rs in 2022. The profit of the firm increased to 264 Lakh Rs in 2023.

PROS

• The product portfolio of the company includes Milk Paste, Rabdi, Chocolate Paste, Helly Sweets, Candies, Lollipops, multigrain puffed buns etc. Its products are sold under the brand name OfCour’s. 
• It has 2 manufacturing facilities located in Indore. It has a business pan India especially in Assam, Andhra Pradesh, Bihar, Gujarat, Delhi, Haryana, Jammu Kashmir, Himachal Pradesh, Kerala, Karnataka, Madhya Pradesh etc. 
• The company has a team of 15 employees.

Italian Edibles Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1.   Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2.   Click the Italian Edibles Limited IPO button and press the BID button.
3.   Entering the details asked for like UPI ID, Quantity and price.
4.   Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.