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Italian Edibles Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Italian Edibles Ltd IPO

Registered Office: 309/1/1/8 Block No 3 Mangal-,Udhyog Nagar Gram Palda , Indore - 452020 , Madhya Pradesh , India.
Phone : +91 98262 98268   Fax:
Email :  italian_edibles@yahoo.com  
Website :  www.ofcoursegroup.com
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.

Issue Money Payable On
Opens On Closes On Application Allotment
02-Feb-24 07-Feb-24 (Rs)68.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :2000  Further Multiples of :2000

  (Rs Cr) Lead Managers to the Issue
Project Cost 22.36
First Overseas Capital Ltd
Project Financed through Current Offer 26.66  
Post Issue Equity Share Capital 14.78  
Issue Price (Rs)68.00  
 
Projects
Setting up of the proposed manufacturing unitTo meet incremental working capital requirements
Repayment of certain borrowingsGeneral corporate expenses
Promoted By
Ajay Makhija  
Akshay Makhija  
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd