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SME IPO Status: Listed [2nd Feb 2024 to 7th Feb 2024]
Italian Edibles IPO, a SME IPO of ₹26.66 Cr was launced on 02-02-2024 to 07-02-2024 and the shares got listed on NSE SME on 12-02-2024.
The public issue of Italian Edibles IPO (ITALIANE) was offered at ₹68.00 per share and the ipo was listed at ₹55. It has delivered listing loss of -19.12%.
As the minimum lot size was 2000 shares, the IPO has offered Rs -26000 per lot loss on listing.
| SME IPO Issue Opening Date: | 2nd Feb 2024 |
| SME IPO Issue Closing Date: | 7th Feb 2024 |
| SME IPO Issue Price: | ₹68.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the net offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹26.66 Cr |
| Fresh Issue: | ₹26.66 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 73.47% |
| Allotment Status: | Allotment Status |
| NSE Code: | ITALIANE |
Get important updates regarding Italian Edibles SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 8th Feb 2024 |
| Refunds Initiation* | 9th Feb 2024 |
| Credit of Shares to Demat* | 9th Feb 2024 |
| SME IPO Listing Date* | 12th Feb 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹68.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹136000 |
| Min HNI Lots: | 4000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 12-02-2024 | 68.00 | 12 | 18200 | ₹80 (17.65%) | 12-Feb-2024 9:26 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Italian Edibles Limited was established in December 2009 and has been a leading name in the confectionery industry for over 15 years. They are credited with popularizing milk paste in India, and their brand “Militry mali” is a testament to their commitment to quality and taste.
In Central India, the company has also ventured into the wafer market and has gained remarkable recognition. Their unique range of egg chocolates, coupled with toys, has found a special place in the hearts of many. Their reputation extends across India, which is underlined by the trust of large companies like Dharpal Premchand (BABA), for whom they make delicious jelly sweets.
Their goal is to provide customers with the highest quality confectionery at competitive prices. They strive to maintain their reputation as the first company to make unique products like their popular milk paste and spread joy with every bite.
| Incorporation | Sector | IPO Issue Size | Website |
| 2009 | Packaged Foods | ₹26.66 Cr | https://www.ofcoursegroup.com/ |
The Net Proceeds from the Issue are proposed to be utilized by the company for the following objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 1,860,000 (50%) | 1,860,000 (50%) | 3,720,000 | |
| 1 | 2nd Feb 2024 19:33 | 1.33x | 7.50x | 4.42x |
| 2 | 5th Feb 2024 19:32 | 5.04x | 27.45x | 16.25x |
| 3 | 6th Feb 2024 19:32 | 14.11x | 54.04x | 34.12x |
| 4 | 7th Feb 2024 19:32 | 177.37x | 120.62x | 154.43x |
Italian Edibles Limited's revenue decreased by -16.1% and profit after tax (PAT) rose by 229.4% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,824.64 | 4,155.24 | 3,905.45 | 3,946.43 |
| Revenue | 3,052.16 | 6,330.09 | 7,545.25 | 4,899.44 |
| Profit After Tax | 209.68 | 264.21 | 80.21 | 86.52 |
| Net Worth | 1,287.92 | 1,078.24 | 814.03 | 583.82 |
| Reserves and Surplus | 202.21 | 906.82 | 642.60 | 433.82 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Italian Edibles Limited | 2.43 | 2.43 | 62.9 | 27.94 | 24.5 | |
| Lotus Chocolate Co.ltd. | -5.42 | -5.09 | -36.25 | |||
| Tapi Fruit Processing Limited | -0.75 | 20.06 | -156.33 | -2.47 |
Last Updated on 16-Feb-2024 06:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Italian Edibles SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Italian Edibles SME IPO with Zerodha.
Alternate approch to apply in Italian Edibles SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Italian Edibles SME IPO Review and Important Updates
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To subscribe or apply in Italian Edibles SME IPO, you can use the following methods:
| Italian Edibles SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Italian Edibles SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Italian Edibles SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Italian Edibles SME IPO. Most of the Syndicate Banks provide access to apply in Italian Edibles IPO via ASBA process. You must have your net banking access, DP ID information to apply in Italian Edibles SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Italian Edibles SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Italian Edibles SME IPO Review and Important Updates
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Italian Edibles SME IPO is going to be list on 12-02-2024. NSE Code for Italian Edibles is ITALIANE.
Other relevant questions:
When Italian Edibles SME IPO will be listing? Italian Edibles SME IPO NSE listing date?Italian Edibles SME IPO date of listing
Italian Edibles SME IPO Allotment Date is 08-02-2024.
Other relevant questions:
Italian Edibles SME IPO share allotment date?Italian Edibles SME IPO allotment date?
