Italian Edibles Limited IPO Closed

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IPO date 02 Feb 2024 – 07 Feb 2024
Listing date 12 Feb 2024
Price range 68 – 68
Minimum order quantity 2000
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Italian Edibles Limited is launching its IPO. The offer opens for subscription on February 2, 2024, and will close on February 7, 2024.

Disclaimer: This stock will trade with a lot size of 2000 shares in the SME segment on listing.

What does Italian Edibles Limited do?

Initially incorporated as Italian Edibles Private Limited in 2009, the company later changed its name to Italian Edibles Limited in 2023 focusing on confectionery products. Operating for 14 years, it sells a variety of confectionery products under its brand name in India, primarily in rural and semi-urban areas, and also exports to countries like Nigeria, Yemen, Sinegal, and Sudan.

The company’s distribution network includes approximately 450 suppliers and distributors across 22 states in India, supported by two operational manufacturing units in Indore, Madhya Pradesh. The units are certified for quality standards and equipped with modern machinery for effective control and consistent product quality. The company has successfully developed its brand name through strategic marketing, market penetration, and a well-established distribution network, catering to teenagers, young adults, and children in rural and semi-urban areas.

As of August 31, 2023, the company’s top customers include Chocolate World, Yuvraj Agency, Bakewell Biscuits Private Limited, and others. The company also engages in private labeling arrangements with customers and sells its confectionery products in retail and wholesale packs.

Schedule/Timeline of Italian Edibles Limited IPO

Issue Period 2nd February to 7th February 2024
Deadline for accepting UPI mandate  Until 5 PM on the issue closing day
Finalization of Allotment February 08, 2024
Initiation of Refunds February 09, 2024
Credit of Shares February 09, 2024
Date of Listing February 12, 2024
Mandate end date February 22, 2024
Anchor Investors Lock-In End Date (50% of the investment) March 09, 2024
Anchor Investors Lock-In End Date (Remaining investment) May 08, 2024

Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.

How to apply to the Italian Edibles Limited IPO?

You can apply for the Italian Edibles Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

How to check the allotment status for the Italian Edibles Limited IPO?

You can check the allotment status for the Italian Edibles Limited IPO on the website of the Registrar and Transfer agent.