How To Check Italian Edibles IPO Allotment Status

The Italian Edibles IPO witnessed steady demand, with a subscription status of 154.43 times on day 4. Retail investors showed substantial interest, subscribing to 120.62 times their portion, while non-institutional buyers subscribed 177.37 times.

If you applied for the IPO, here is how you can check the Italian Edibles IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the Italian Edibles IPO allotment status

  1. Visit the registrar's website.
  2. Click on "Company Selection" and choose "Italian Edibles" from the dropdown menu.
  3. Then you can enter your PAN, application number, or Demat.
  4. Enter the captcha and click Submit to retrieve the Italian Edibles IPO allotment status

If all the details are entered correctly and the allotment has been finalised, the Italian Edibles allotment status will be visible.

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Italian Edibles IPO GMP And Other Details

The IPO, priced at ₹68 per share, opened for subscription on Friday, February 02, and closed on Wednesday, February 07. Each lot size consisted of 2,000 shares, with investors permitted to bid for a minimum of 2,000 shares and in multiples thereof.

Italian Edibles Limited plans to utilise the net proceeds from the IPO to establish a manufacturing unit, repay certain loans, address increased working capital requirements, and cover general corporate expenses.

The IPO’s sole book-running lead manager (BRLM) is First Overseas Capital Ltd.

Currently, the grey market premium (GMP) for Italian Edibles IPO stands at ₹15 per share, suggesting a positive listing expectation. Analysts estimate a listing price of ₹83 per share, reflecting a 22.06% increase from the IPO price of ₹68.

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Posted In: EquitiesNewsIPOsMarketsItalian Edibles