
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
Overall Subscription
149.05x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
177.48x
High Net-Worth
Retail (RII)
120.62x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| NIB | 1,860,000 | 330,116,000 | 177.48x |
| RETAIL | 1,860,000 | 224,356,000 | 120.62x |
| Total | 3,720,000 | 554,472,000 | 149.05x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 686 | 82,745 | 120.62x |
| HNIs (10L +) | 4 | 710 | 177.48x |
| HNIs (2-10L) | 21 | 3,727 | 177.48x |
| Total Applications | 711 | 87,182 | 122.62x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
The latest Grey Market Premium (GMP) for Italian Edibles Limited IPO is ₹12 per equity share. Based on the upper price band of ₹68 to ₹68 per equity share, the estimated listing price is ₹80 (+17.6% expected listing gain).
With a lot size of 2000 shares and current GMP of ₹12, the expected profit per application lot is approx ₹24,000 (+17.6% gain). Minimum application cost is approx ₹1,36,000.
The Italian Edibles Limited IPO aggregate issue size is ₹26.66 Crores with an equity price band set at ₹68 to ₹68 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,36,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 149.05x (Retail: 120.62x, QIB: 0.00x, NII: 177.48x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Bigshare Services Pvt Ltd) and the BSE status verification website on or around 2024-02-08. Investors can verify status using PAN card or application number.
Italian Edibles Limited shares are scheduled to list on NSE on 2024-02-12.