Italian Edibles Limited

About the company

## **About  Italian Edibles Limited** Italian Edibles Limited, founded in 2009, has been a stalwart in the realm of confectionery, offering a delectable array of treats that encapsulate the essence of sweetness and joy. With a steadfast commitment to their core values of "Sharing is Everything" and "Delightful Creation and Boundless Joy," the company has carved a niche for itself in the confectionery landscape over the past 14 years. At Italian Edibles Limited, confectionery extends beyond mere sweets; it encompasses a diverse range of delicacies, including candies, caramels, chocolates, processed cocoa, and an assortment of traditional Indian confections like Rabdi, Milk Paste, and Chocolate Paste. The company's portfolio also features innovative offerings such as Lollipops, Jelly Candies, Multi-Grain Puff Rolls, and Fruit-Based Products, catering to the multifaceted tastes of their clientele. Recognizing the significance of celebrations in Indian culture, Italian Edibles Limited takes pride in being a part of numerous festivals and special occasions, where the sharing of confectioneries plays an integral role. With a keen understanding of the diverse cultural landscape of India, the company has endeavored to spread joy and sweetness across the nation. One of the pillars of Italian Edibles Limited's success lies in its extensive distribution network, which spans across 22 states in India and extends internationally through a network of merchant exporters. This robust distribution infrastructure, coupled with a well-established brand presence, has facilitated effective marketing strategies and market penetration, leading to a steady growth in turnover over the years. The company's strategic focus on semi-urban and rural markets has proven to be a prudent approach, tapping into a sector where branded confectioneries and food accompaniments have traditionally faced challenges in distribution and logistics. By catering to the preferences of consumers in these markets, Italian Edibles Limited has capitalized on the growing demand for quality confectionery products. Central to the company's operations is its strong relationships with suppliers, ensuring timely sourcing of raw materials and seamless manufacturing processes. This commitment to effective sourcing not only enhances operational efficiency but also reinforces Italian Edibles Limited's ability to deliver value to its customers consistently. In essence, Italian Edibles Limited stands as a testament to the artistry of confectionery, blending tradition with innovation to create moments of delight and indulgence for consumers across India and beyond. With a rich legacy of 14 years and a vision for the future, the company continues to spread sweetness and joy, one delectable treat at a time. As Italian Edibles Limited gears up for its Initial Public Offering (IPO), the generated proceeds from the Fresh Issue will be strategically allocated to crucial objectives. 1) Setting up of the proposed manufacturing unit; 2) Repayment of certain Borrowings; 3) To meet incremental working capital requirements; and 4) General Corporate Expenses. Here are key details about the Italian Edibles Limited IPO: Company Name| **Italian Edibles Limited**|  | Italian Edibles Limited IPO Opening Date| **February 2, 2024** ---|---|---|---|--- Company Incorporated On|**2009**Italian Edibles Limited IPO Price band|**₹68 per share**

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   02 Feb 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   07 Feb 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   04 Feb 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   09 Feb 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   08 Feb 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   12 Feb 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.