Italian Edibles Limited IPO
Background and Incorporation: Italian Edibles Limited, originally known as Italian Edibles Private Limited, was established on December 16, 2009, under the Companies Act of 1956. The company underwent a transformation from a private to a public limited company in 2023, aligning with the Companies Act of 2013. This transition was marked by a change in the company’s name and the acquisition of a new certificate of incorporation. The company’s corporate identity number (CIN) is U15141MP2009PLC022797.
Core Business – Confectionery: Italian Edibles Limited specializes in the confectionery sector, focusing on creating a wide variety of sweet treats including candies, chocolates, processed cocoa, milk-based products, and traditional Indian sweets. The company’s ethos, “Sharing is Everything” and “Delightful Creation and Boundless Joy,” reflects its commitment to producing high-quality, mouthwatering confectionery products, a journey it has been on for over 14 years.
Product Range and Branding: The company’s products, sold under a distinct brand name, encompass a diverse range of confectionery items. This includes Rabdi (a traditional Indian sweet), Milk Paste, Chocolate Paste, Lollipops, Candies, Jelly Candies, Multi-Grain Puff Rolls, and Fruit-Based Products. Given India’s rich tapestry of cultures, festivals, and occasions, confectioneries from Italian Edibles have become a significant part of these celebrations.
Market Reach and Distribution: Italian Edibles boasts a Pan-India presence, especially in rural and semi-urban areas across multiple states. The company also has a significant export market, with products reaching countries like Nigeria, Yemen, Senegal, and Sudan. As of August 31, 2023, the company has a robust network of approximately 450 suppliers and distributors across 22 Indian states and works with 5 merchant exporters for its international sales.
Top Customers and Products: Italian Edibles’ notable clients include Chocolate World, Yuvraj Agency, Bakewell Biscuits Private Limited, and several others. The Jelly Candies, in particular, are a significant product sold to the Dharpal Premchand Ltd (BABA) group.
Manufacturing Units and Certifications: The company operates two manufacturing units in Indore, Madhya Pradesh, strategically located for efficient logistics. These units are accredited with FSAAI, ISO 22000:2018, and FIEO certifications, ensuring high-quality production standards. The facilities employ a mix of modern, fully-automated, and semi-automated machinery, enabling effective control over the manufacturing process and consistent product quality.
Product Packaging: Italian Edibles’ products are available in various packaging formats, including Pet Jars, polypacks, and cardboard boxes, catering to both retail and wholesale markets.
Brand and Market Positioning: Having been in the market for 14 years, Italian Edibles has solidified its brand presence in India and internationally. This success is attributed to a deep understanding of market dynamics, consumer preferences, product innovation, and an effective business model, which includes stringent quality control, an extensive distribution network, and impactful marketing strategies.
Competitive Edge: Italian Edibles Limited’s competitive edge lies in the experience of its management, product quality, profitability, and improved margins. This has not only established the brand in the confectionery market but also positioned it for continued growth and success.
Objects of the Italian Edibles Limited IPO:
Italian Edibles Limited IPO Details:
Open Date: | Feb 02 2024 |
Close Date: | Feb 07 2024 |
Total Shares: | 3,920,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Size: | 26.66 Cr. |
Lot Size: | 2000 Shares |
Issue Price: | ₹ 68 Per Equity Share |
Listing At: | NSE Emerge |
Listing Date: | Feb 12 2024 |
Promoters And Management:
Financials of Italian Edibles Limited IPO:
Particulars ( In Lakhs ) |
2021 |
2022 |
2023 |
5M-FY24 |
Revenue from Operations | 4,890 | 7,541 | 6,321 | 3,052 |
Other Income | 9 | 4 | 9 | 0.5 |
Total Revenue | 4,899 | 7,545 | 6,330 | 3,052 |
Cost of Materials Consumed | 2,617 | 4,947 | 3,889 | 1,877 |
Purchase of Stock-in-trade | 1,234 | 1,019 | 1,002 | 317 |
Changes in inventories | -4 | -4 | -125 | 33 |
Employees Benefit Expenses | 417 | 640 | 522 | 240 |
Other Expenses | 267 | 502 | 343 | 186 |
EBITDA | 369 | 441 | 700 | 400 |
Depreciation & Amortisation | 98 | 135 | 178 | 50 |
Finance cost | 158 | 169 | 185 | 68 |
EBIT | 271 | 307 | 522 | 350 |
OPM (%) | 7.52% | 5.85% | 11.05% | 13.10% |
PBT | 113 | 138 | 337 | 282 |
Tax | 26 | 58 | 73 | 72 |
PAT | 87 | 80 | 264 | 210 |
NPM (%) | 1.77% | 1.06% | 4.17% | 6.87% |
No.of Shares | 147.77 | 147.77 | 147.77 | 147.77 |
EPS | 0.58 | 0.54 | 1.78 | 1.41 |
Comparison With Peers:
Name of the Company | Revenue (In Crore) | PAT (In Crore) | EPS ( in Rs) | P/E | CMP | Mcap (In Crore) |
Italian Edibles Limited | 63 | 3 | 1.78 | 38.0 | 68 | 100 |
Lotus Chocolate Company Limited | 63 | -7 | -5.42 | N/A | 330 | 424 |
Tapi Fruit Processing Limited | 21 | -0.2 | -0.49 | 265.0 | 159 | 66 |
Recommendation on Italian Edibles Limited IPO:
To be updated shortly.
Lead Manager of Italian Edibles Limited IPO:
Registrar of Italian Edibles Limited IPO:
Company Address:
Discussion on Italian Edibles Limited IPO:
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