
Emerging SME Services · NSE
Founded in 2009, Italian Edibles Limited specializes in a wide range of confectionery products under its OfCour’s brand. Their offerings include Rabdi (Meethai Sweet), milk paste, chocolate paste, lollipops, candies, jelly sweets, multigrain puffed buns, and fruit-based treats. The company operates two manufacturing facilities in Indore, Madhya Pradesh and has a strong presence across India, particularly in rural and semi-urban markets in states like Andhra Pradesh, Maharashtra, Uttar Pradesh, Tamil Nadu, Punjab, and more. It also exports products to Nigeria, Yemen, Senegal, and Sudan. As of August 31, 2023, Italian Edibles serves a diverse customer base, including Chocolate World, Yuvraj Agency, Bakewell Biscuits Pvt Ltd, Ma Laxmi Traders, and Suria Distributor. Additionally, its Jelly Candies are supplied to Dharpal Premchand Ltd (BABA Group). With a dedicated sales and marketing team of 15 employees, the company continues to expand its reach and bring quality confectionery products to customers worldwide.
Price Band
₹68
Issue Size
₹26.66 Cr
Lot Size
2000 shares
GMP
+17.6%
Est. Listing
₹80
at current GMP
Subscribed
149.05x
overall
Open
2 Feb 2024
Close
7 Feb 2024
Allotment
8 Feb 2024
Refund
9 Feb 2024
Demat Credit
10 Feb 2024
Listing
12 Feb 2024
Designated Registrar: Bigshare Services Pvt Ltd
Allotment Date
8 Feb 2024
Basis finalization
Refunds Initiate
9 Feb 2024
Mandate release
Demat Credit
10 Feb 2024
Shares in demat
Listing Debut
12 Feb 2024
Trading begins
Italian Edibles Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹26.66 Crores. The shares are offered at a price band of ₹68 to ₹68 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 2000 shares (approx. ₹1,36,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Pvt Ltd. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-02-10, while un-allotted funds or UPI block mandates will be released on 2024-02-09.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.