Italian Edibles Limited offers a wide range of confectionery products such as Rabdi [Meethai Sweet], milk paste, chocolate paste, lollipops, candies, jelly sweets, multigrain puffed buns, and fruit-based products under its OfCour’s brand.
The company has two manufacturing facilities at Gram Palda, Indore and Prabhu Toll Kanta, Indore (Madhya Pradesh).
IPO Review
| Parameters | Score (0-5) | Comments |
|---|---|---|
| Promotors/Sr. Management & Work Ethics | 3 | Well experienced promotors. No red flags as per the RHP – open criminal proceedings, etc. except a few open tax proceedings. |
| Company Financials | 2 | Inconsistent numbers. |
| Segment Growth Opportunity | 3 | No moat and highly competitive business, so doesn’t enjoy high margin. Moderate growth is expected for the sector. |
| Asking Valuation (compared with Peers) | 3 | Asking PE ~20, peers in the range of 30-70x. |
| Lead Manager’s past performance | 3 | Avg ~ 6% listing day gain for past 51 IPOs. |
| Consolidated Score | 2.9 |
Disclaimer – This is not an investment advice. Nobody has paid us to write this review. This analysis is for education purposes only.
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