Italian Edibles Limited

Company Profile
Company Name Italian Edibles Limited
Open Date 02-02-2024
Close Date 07-02-2024
Exchange NSE SME
Lot Size 2000 Shares
Issue Price ₹68 per share
Issue Size 39,20,000 shares
Application Amount ₹1,36,000
Recommendation Avoid
Italian Edibles Limited was originally incorporated in the year 2009 and had its registered office in Indore, Madhya Pradesh, India. The company is engaged in the manufacturing of confectionery products. The company offer a wide range of confectionery such as Rabdi [Meethai Sweet], Milk Paste, Chocolate Paste, Lollipops, Candies, Jelly Candies, Multi-Grain Puff Rolls, and based Products to its customers. The company’s consumer segments largely include teenagers, young adults and children located in rural and semi-urban areas of India. As of 31st August 2023, the Company had 227 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Aug-23
Total Assets 3,946.42 3,905.45 4,155.23 4,824.63
Net Assets 583.82 814.03 1,078.25 1,287.93
Total Borrowings 2,492.98 1,815.23 1,703.55 1,895.47
Total Revenue 4,899.43 7,545.25 6,330.09 3,052.16
Profit After Tax 86.51 80.20 264.22 209.68

Tentative Timeline

Opening Date 02-02-2024
Closing Date 07-02-2024
Basis of Allotment 08-02-2024
Initiation of Refunds 09-02-2024
Credit of Shares to Demat 09-02-2024
Listing Date 12-02-2024

Objects of the Issue

Setting up of the proposed manufacturing unit.
Repayment of certain Borrowings.
To meet incremental working capital requirements.
General Corporate Expenses.

Contact Information

Registered Office Italian Edibles Limited 309/1/1/8 Block No.03, Mangal Udhyog Nagar, Gram Palda, Indore - 452020
Phone +91 9826298268

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

NII 1,860,000 (47.45%)
RII 1,860,000 (47.45%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 73.47%

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