Italian Edible IPO

Italian Edibles Limited

₹1,36,000 /2000 sharesMinimum Investment

Italian Edible IPO Listing Details

Listed OnIssue Price
NSE₹68.00

Italian Edible IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
2 Feb ‘24 - 7 Feb ‘24₹1,36,0002,000₹68 - ₹68
Issue SizeIPO Doc
26.66Cr
RHP PDF

About Italian Edible

Italian Edibles Limited is a confectionery manufacturing company, producing edibles such as Rabdi (Mithai Sweet), Milk Paste, Chocolate Paste, Lollipops, Candies, Jelly Candies, Multi-Grain Puff Rolls, and Fruit-Based items. The company has 2 operational manufacturing units in Gram Palda, Indore, and Prabhu Toll Kanta, Indore (Madhya Pradesh). Their confectionery is distributed nationwide, across states like Andhra Pradesh, Assam, Bihar, Chhattisgarh, Delhi, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand, and West Bengal. Distribution is facilitated through local wholesalers and distributors in these regions. The company’s consumer base primarily consists of teenagers, young adults, and children in rural and semi-urban regions of India. In addition to the domestic market, Italian Edibles Limited exports its confectionery products to various countries, including Nigeria, Yemen, Senegal, and Sudan.;
Parent Organisation
Italian Edibles Limited
Founded
2009
Managing Director
Mr. Ajay Makhija

Strengths & Risks

  • Italian Edibles Limited been producing confectionery for 14 years now and sell their products under their brand Of cour's.
  • The company offers a diverse range of products with authentic ethnic Indian tastes. The company focuses on innovative packaging and effective pricing strategies to cover various price points.
  • The company controls the production chain, encompassing sourcing, processing, manufacturing, packaging, and distribution, ensuring production efficiency and timely processing.
  • Premium quality raw ingredients are used, and the manufacturing facility adheres to ISO 22000:2018 for Food Safety Management System.
  • Italian Edibles Limited has solid relationships with suppliers to secure effective and timely sourcing of raw materials.
  • The company has a wide-ranging distribution network comprising approximately 450 suppliers and distributors across 22 states in India and exports through a network of 5 merchant exporters.
  • The company's diversified product portfolio features over 56 confectionery items such as Rabdi Sweet, Extruded snack wafers, Milk Chocolate, Candy, fruit jellies, and Fruit Pase.
  • The company's revenues for the periods ending August 31, 2023, and the years ended March 31, 2023, 2022, and 2021 were influenced by the top 10 customers, contributing 30.84%, 26.32%, 26.14%, and 28.29%, respectively. Hence, the failure to retain existing clients and attract new ones, as well as defaults in payments, may have consequences on business growth and cash flows.
  • The company relies on a few suppliers for its material needs, lacking definitive agreements or fixed trade terms with most. Failure to manage relationships with current suppliers or find new ones may negatively impact business operations. The top 10 suppliers contributed 65.10%, 53.40%, 41.57%, and 35.00% to revenues from operations for the period ended August 31, 2023 and for the year ended March 31, 2023, 2022 and 2021, respectively .
  • Italian Edibles Limited has contingent liabilities, with a potential adverse impact on its financial condition if these liabilities materialize. As of August 31, 2023, a contingent liability of Rs. 0.842 crores exists without a provision.
  • The company has unsecured loans from certain lenders, which can be recalled anytime.
  • As of August 31, 2023, Italian Edibles Limited has a total outstanding indebtedness of Rs. 18.95 crores, encompassing secured and unsecured borrowings.
  • The company exports products to countries like Nigeria, Sudan, Yemen, and Senegal. Managing risks associated with export sales is crucial to avoid negative impacts on sales, operations, assets, and overall profitability.
  • Italian Edibles Limited is involved in outstanding legal proceedings, including those concerning the company, its promoters, and its directors. These proceedings may adversely affect business, financial condition, and operational results.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular68 - 68₹2 Lakh
High Networth Individual68 - 68₹2 - 5 Lakh
For Italian Edibles IPO, eligible investors can apply as Regular.
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