help to identifyng this italian shield

[Gregorio Torres]

Could you tell me what is this, if original and proximate value please?
Regards from Spain and my support to the victims of this damm earthquake in your land.
Greg

[inno]

If I remember good this is for PICCOLA ITALIANA (P I) and OND means Opera Nazionale Balilla.

Thanks for your support.

[brus]

Hello,
good Piccola Italiana (youth girl, the female branch of Balilla) breast/arm patch, about 15/20 euros.
Thanks for support.

Regards
Brus

[Gregorio Torres]

That was enough.
Thank you very much and best wishess.
Greg