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Italian Edibles IPO
Price Band
₹
Issue Size
₹26.66 Cr
Lot Size
2,000 shares
Min Investment
₹136,000
GMP
+₹12.0 (17.65%)
Issue Price
₹68.0
Subject to Sauda
₹18200
Paid only if allotted
Italian Edibles IPO AI Summary
- Italian Edibles IPO is listed on NSE SME in the Packaged Foods sector.
- Subscription window: 02 Feb–07 Feb 2024, listing on 12 Feb 2024.
- Current GMP is +₹12.0 (17.65%) — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Italian Edibles IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 07 Feb 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Italian Edibles IPO Grey Market Premium (GMP) Today
GMP
+₹12.0
GMP %
+17.65%
Est. Listing
₹80.0
Updated: 25 Jul 2026 14:07
About the Company
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.
Company Financials (₹ Cr)
As of 2023-08-31
| Period Ended | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 48.25 | 41.55 | 39.05 | 39.46 |
| Total Income | 30.52 | 63.30 | 75.45 | 48.99 |
| Profit After Tax | 2.10 | 2.64 | 0.80 | 0.87 |
| NET Worth | 12.88 | 10.78 | 8.14 | 5.84 |
| Reserves and Surplus | 2.02 | 9.07 | 6.43 | 4.34 |
Key Ratios
EPS
₹2.43
NAV
₹62.90
ROE
24.50%
ROCE
19.32%
RoNW
24.50%
P/B Value
1.08
P/E Ratio
27.94
Market Cap
₹100.48 Cr
PAT Margin
4.17%
Debt/Equity
1.60
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Tapi Fruit Processing Limited | 20.06 | -2.47% | -156.33 | -0.75 | — |
| Lotus Chocolate Co.ltd. | -5.09 | — | -36.25 | -5.42 | — |
| Italian Edibles Limited This IPO | 62.9 | 24.5% | 27.94 | 2.43 | 2.43 |
Promoters
Ajay Makhija and Akshay Makhija
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment/ prepayment, in full or in part of certain outstanding borrowings availed by our Company 8.00 2 Repayment of certain Borrowings 6.14 3 To meet incremental working capital requirements 6.00 4 General Corporate Expenses 5.71 5 To meet the expenses of the Issue 0.80 Total 26.66
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹75.45 Cr in the year ending 31 Mar 2022, decreasing to ₹63.30 Cr by 31 Mar 2023. More recently, total income dropped further to ₹30.52 Cr as of 31 Aug 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹0.80 Cr for the year ending 31 Mar 2022, increasing to ₹0.87 Cr by 31 Mar 2021, and then rising to ₹2.64 Cr in the year ending 31 Mar 2023. However, profit after tax decreased to ₹2.10 Cr as of 31 Aug 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Italian Edibles Limited has an implied P/E ratio of 27.94 at the issue price, compared to peers trading at negative P/E ratios, indicating a relatively favorable valuation against its peers.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before it officially lists on the stock exchange. A positive GMP suggests that investors expect the stock to list at a higher price than the issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy, considering the company's growth potential and market conditions.
Who May Want to Wait
Investors with a low risk tolerance or those seeking stable, established companies may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens on February 2, 2024, and closes on February 7, 2024. Allotment of shares will be done on February 8, 2024, and the shares are expected to be listed on the stock exchange on February 12, 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable and may not reflect the company's long-term performance. Investors should be cautious, as prices can fluctuate significantly after the initial listing.
This evaluation is generated from Italian Edibles's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Italian Edibles IPO GMP today?
Italian Edibles IPO GMP today is +₹12.0 (17.65%). GMP is an unofficial grey-market indicator and can change daily.
When does Italian Edibles IPO open and close?
Italian Edibles IPO opens on 02 February 2024 and closes on 07 February 2024.
When does Italian Edibles IPO list on the stock exchange?
Italian Edibles IPO listed on 12 February 2024 at ₹80.0.
What is the lot size for Italian Edibles IPO?
The lot size for Italian Edibles IPO is 2000 shares, requiring a minimum investment of ₹136,000.
What is the lot size for the IPO?
The lot size for the IPO is 2000 shares.
What is the minimum investment required?
The minimum investment required is ₹136,000.
What is the issue price of the IPO?
The issue price of the IPO is ₹68.0 per share.
What does GMP mean?
GMP stands for Grey Market Premium, indicating the expected price of the stock on listing day compared to its issue price.
When is the listing date for the IPO?
The listing date for the IPO is February 12, 2024.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
02 Feb 2024
Close
07 Feb 2024
Allotment
08 Feb 2024
Listing
12 Feb 2024
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