Italian Edibles Limited IPO
- IPO Date02 Feb, 2024 to 07 Feb, 2024
- Listing Date12 Feb, 2024
- Face Value₹10 per share
- Issue Price₹68 to ₹68 per share
- Lot Size2000 Shares
- Minimum Investment₹1,36,000
- Listing AtNSE SME
- Total Issue Size39,20,000 Shares
(aggregating up to ₹26.66 Cr) - Fresh Issue39,20,000 Shares
(aggregating up to ₹26.66 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue1,08,57,151
- Shareholding post issue1,47,77,151
IPO Dates
Closing Date
07 Feb, 2024
Initiation of Refunds
09 Feb, 2024
Listing Date
12 Feb, 2024
02 Feb, 2024
Opening Date
08 Feb, 2024
Basis of Allotment
09 Feb, 2024
Credit of Shares
Italian Edibles Limited Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,36,000 |
| HNI (Min) | 2 | 4000 | ₹2,72,000 |
| Retail (Max) | 1 | 2000 | ₹1,36,000 |
Italian Edibles Limited Promoter Holding
Mr. Ajay Makhija and Mr. Akshay Makhija are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 73.47% |
Italian Edibles Limited COMPANY INFORMATION
Italian Edibles IPO is a fixed price issue of Rs 26.66 crores. The issue is entirely a fresh issue of 39.2 lakh shares. Italian Edibles IPO bidding started from February 2, 2024 and ended on February 7, 2024. The allotment for Italian Edibles IPO was finalized on Thursday, February 8, 2024. The shares got listed on NSE SME on February 12, 2024. Italian Edibles IPO price is ₹68 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹136,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹272,000. First Overseas Capital Limited is the book running lead manager of the Italian Edibles IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Italian Edibles IPO is Nikunj Stock Brokers. Refer to Italian Edibles IPO RHP for detailed information.
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.
FAQs About Italian Edibles Limited Ipo
Italian Edibles Limited IPO will open on 02 Feb, 2024 and close on 07 Feb, 2024. Investors must apply within this period to participate.
The Italian Edibles Limited IPO price band is set between ₹68.00 and ₹68.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹136000.00.
The Italian Edibles Limited IPO shares are expected to be listed on 12 Feb, 2024, subject to regulatory approvals and final allotment.
You can track your Italian Edibles Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Italian Edibles Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.