Italian Edibles Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Italian

CMP

34.30

+0.80 (2.39%)

  • DRHP
₹68

Offer Price

₹ 26.66 Cr

Issue Size

₹ 1,36,000

Min Investment

2,000

Lot size

Time Line

  • 02
    Feb 2024
    Open
  • 07
    Feb 2024
    Close
  • 08
    Feb 2024
    Finalisation of Basis of Allotment
  • 09
    Feb 2024
    Initiation of Refunds
  • 09
    Feb 2024
    Transfer of Shares to Demat Account
  • 12
    Feb 2024
    Listing Date

Objects of the Offer

  • Setting up of new manufacturing unit.

  • Sustain its focus on semi urban and rural markets.

  • Focus on consistently meeting quality standards.

  • Improving operational efficiencies.

  • Well established relationships with its suppliers and wide channel of sales and distribution network

Products & Services

  • Confectionery Products

Strengths

  • Well Established Brand name and goodwill amongst market players.

  • Consistent focus on quality.

  • Well established relationships with its suppliers and wide channel of sales and distribution network.

  • Diversified Product Portfolio.

  • Experienced promoter and management team.

Risks

  • There are certain outstanding legal proceeding involving its Promoter and Promoter Entities which may adversely affect its business, financial condition and results of operations.

  • The company intends to use a portion of the Net Proceeds to prepay / repay certain loan facilities.

  • The company proposes to utilize a portion of its Net Proceeds towards setting up of manufacturing unit in Tillor Khurdh area in Indore district, Madhya Pradesh.

  • If the company is unable to attract new clients or retain its existing clients or default in payments, the growth of its business and cash flows will be adversely affected.

  • The company is dependent upon few suppliers for the material requirements of its business. Further, the company does not have definitive agreements or fixed terms of trade with most of its suppliers. Failure to successfully leverage the company relationships with existing suppliers or to identify new suppliers could adversely affect its business operations.

Company Promoters

Promoters Holding

Issue For IPO
26.52%
Pre Holding

99.99%

Post Holding

73.47%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 75.41 (54.20%) 63.21 (-16.20%) 24.50 (-)
Gross Profit 75.41 (54.20%) 63.21 (-16.20%) 24.50 (-)
Net Income 75.41 (54.20%) 63.21 (-16.20%) 24.50 (-)
Assets 75.41 (54.20%) 63.21 (-16.20%) 24.50 (-)
Liabilities 75.41 (54.20%) 63.21 (-16.20%) 24.50 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Italian Edibles Ltd 63.21 2.64 28.46 17.68 24.50 0.00 62.90 2.79 0.61
Lotus Chocolate Company Ltd 62.72 -6.96 15.38 15.38 0.00 -5.42 -5.09 -45.21 -0.87
Tapi Fruit Processing Ltd 20.67 -0.19 9.75 9.75 -2.40 -0.67 20.07 -1.93 0.06

Book Running Managers

  • First Overseas Capital Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

309/1/1/8 Block No 3 Mangal-,
Udhyog Nagar Gram Palda,
Indore - 452020
Phone : +91 98262 98268 Email : italian_edibles@yahoo.com www.ofcoursegroup.com

Offer Related Information

Initial public issue of 39,20,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Italian Edibles Limited ("The Company" or "The Issuer Company") for cash at a price Rs. 68/- per equity share (including a share premium of Rs. 58/- per equity share) ("Issue Price") aggregating to Rs. 26.66 crores ("The Issue"), out of which 2,00,000 equity shares of face value of Rs. 10/- each for a cash price of Rs. 68/- per equity share, aggregating to Rs. 1.36 crores will be reserved for... More

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