Italian Edibles SME IPO GMP

Italian Edibles Limited, a confectionery industry stalwart, has recently announced its Initial Public Offering (IPO) on NSE Emerge, captivating the market’s attention. With a total issue size of Rs 26.66 Cr and a face value of Rs 10 per share, this IPO is a 100% fresh issue. In this blog, we delve into the Grey Market Premium (GMP) of Italian Edibles SME IPO, providing insights into its day-wise trend and shedding light on the IPO’s potential listing price.

Italian Edibles SME IPO GMP:

The Grey Market Premium (GMP) for Italian Edibles SME IPO is currently ₹18, as of the last update. The IPO’s estimated listing price, considering the price band of Rs 68.00, stands at ₹86 (cap price + today’s GMP), implying an expected percentage gain/loss per share of 26.47%.

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Day-wise IPO GMP Trend:

Here is the GMP data for Italian Edibles SME IPO: [ Last Updated: 10 Feb, 2024; 08:45]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
10-02-2024Rs 68.00₹1827400₹86 (26.47%)
09-02-2024Rs 68.00₹1827400₹86 (26.47%)
08-02-2024Rs 68.00₹1827400₹86 (26.47%)
07-02-2024Rs 68.00₹1522800Rs 83 (22.06%)
06-02-2024Rs 68.00₹1522800Rs 83 (22.06%)
05-02-2024Rs 68.00₹2030400Rs 88 (29.41%)
04-02-2024Rs 68.00₹2030400Rs 88 (29.41%)
03-02-2024Rs 68.00₹2030400Rs 88 (29.41%)
02-02-2024Rs 68.00₹2030400Rs 88 (29.41%)
01-02-2024Rs 68.00₹2030400Rs 88 (29.41%)
31-01-2024Rs 68.00₹0Rs 68 (0%)

Latest IPO GMP:

Investors can check the live GMP status of Italian Edibles SME IPO and other upcoming/closed IPOs on the IPO GMP Dashboard at Stockesta.com. Regular updates on IPO GMP performance are provided to help track and compare GMP with the listing price.

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Understanding IPO Grey Market Premium (GMP):

The Grey Market Premium is the unofficial/unregulated market price at which an IPO is traded before its official listing. A positive GMP suggests potential profit, while a negative GMP indicates a likely discount. However, it is essential to note the high volatility in IPO GMP and make investment decisions cautiously.

About Italian Edibles Limited:

Established in December 2009, Italian Edibles Limited has been a prominent name in the confectionery industry for over 15 years. Known for popularizing milk paste in India, the company’s brand “Militry mali” reflects its commitment to quality and taste. With a foray into the wafer market and a diverse product portfolio, including unique egg chocolates, the company has earned recognition and trust nationwide.

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Italian Edibles SME IPO Strengths:

  • Well-established brand and reputation.
  • Focus on quality and diverse product offerings.
  • Strong relationships with suppliers and a broad sales network.
  • Experienced promoter and management team.

Italian Edibles SME IPO Objectives:

The Net Proceeds from the IPO will be utilized for:

  1. Setting up the proposed manufacturing unit.
  2. Repayment of certain borrowings.
  3. Meeting incremental working capital requirements.
  4. General corporate expenses.

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Italian Edibles SME IPO Dates:

  • SME IPO Open Date: 02-02-2024
  • SME IPO Close Date: 07-02-2024
  • Basis of Allotment Finalization Date: 08-02-2024
  • Refunds Initiation Date: 09-02-2024
  • Credit of Shares to Demat Account Date: 09-02-2024
  • SME IPO Listing Date: 12-02-2024 (Tentative)

Conclusion:

The Italian Edibles SME IPO presents a tempting opportunity for investors to delve into the confectionery industry. While the GMP indicates positive market sentiment, it is crucial to consider all factors and not solely rely on GMP for investment decisions. Potential investors are advised to conduct thorough research, analyze the company’s strengths, and assess market conditions before making investment choices.

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