Business Standard

Italian Edibles Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

26.66 cr

Price Range (₹)

68

Lot Size

2000

Min Investment (₹)

1,36,000.00

Listing Exchange

NSE - SME

Open Date

02-Feb-2024

Close Date

07-Feb-2024

Listing Date

12-Feb-2024

Italian Edibles Ltd News

    Italian Edibles Ltd IPO Details

    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 subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 37,20,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 68/- per equity share aggregating to Rs. 25.30 crores (is hereinafter referred to as the Net Issue). The issue and the net issue will constitute 26.53 % and 25.17 % respectively of the post issue paid up equity share capital of the company The face value of the equity shares is Rs. 10.00 each and the issue price of Rs. 68.00 is 6.8 times of the face value.

    Objective of issue

    Setting up of the proposed manufacturing unit. Repayment of certain borrowings. To meet incremental working capital requirements. General corporate expenses.

    Italian Edibles Ltd Contact Details

    Italian Edibles Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - italian_edibles@yahoo.com

    Website - www.ofcoursegroup.com