Issue Price
₹68
Per Share
GMP
NIL
Grey Market
Est. Listing
₹68
Expected Price
Min. Application
₹272,000
2 lots × 2000 shares
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.
Italian Edibles Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 200,000 | — | ₹1.36 Cr | — |
| TOTAL | 3,920,000 | 100.00% | ₹26.66 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹136,000 |
| Retail (Max) | 13 | 26,000 | ₹1,768,000 |
| sNII (Min) | 14 | 28,000 | ₹1,904,000 |
| bNII (Min) | 68 | 136,000 | ₹9,248,000 |
| Particulars | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 3052.16 | 6330.09 | 7545.25 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 209.68 | 264.21 | 80.21 |
| Net Worth | 1287.92 | 1078.24 | 814.03 |
| Total Assets | 4824.64 | 4155.24 | 3905.45 |
| Reserves & Surplus | 202.21 | 906.82 | 642.60 |
| Total Borrowings | N/A | N/A | N/A |