Baba Food Processing India IPO Date, GMP, Price, Analysis and Review
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Incorporated in April 2015, Baba Food Processing is an agro-food manufacturing company with a strong presence in both branded consumer and bulk food markets. The company specializes in the production of various wheat flour products, including Whole Wheat Atta (Wheat Flour), Refined Flour (Maida), Tandoori Atta, and Semolina flour (Sooji).
Baba Food Processing operates a manufacturing unit in Nagri, Ranchi, and has plans to establish another unit in Patna, Bihar. With a workforce of over 120 employees, the company achieves annual sales of 1900 million.
The company’s key strengths include:
- An extensive distribution network and a presence in various retail channels.
- A wide range of products, catering to a diverse consumer base.
- Strong client and supplier relationships.
- A commitment to quality assurance and product quality control.
Objects of the Issue (Baba Food Processing IPO Objectives)
The company intends to utilize the Net Proceeds from the Issue for the following purposes:
- Investment in its wholly-owned subsidiary, Panchakanya Foods Private Limited (“PFPL”), to establish a manufacturing unit in Patna, Bihar. This unit will include an advanced roller flour mill and chakki whole wheat atta mill, referred to as the “Project.”
- Financing the acquisition of machinery for producing Chickpea Flour (Besan) and Roasted Gram Flour (Sattu) within its existing manufacturing facility in Ranchi.
- Supporting the company’s working capital requirements.
- Prepaying or repaying a portion or the entirety of specific outstanding unsecured borrowings obtained by the company.
- Addressing general corporate purposes.
Baba Food Processing IPO Details
The Baba Food Processing IPO is a book-built issue with a total worth of Rs 33.00 crores. The IPO consists solely of a fresh issue of 43.42 lakh shares.
IPO Date | November 3, 2023 to November 7, 2023 |
Listing Date | November 16, 2023 |
Face Value | ₹10 per share |
Price Band | ₹72 to ₹76 per share |
Lot Size | 1600 Shares |
Total Issue Size | 4,342,105 shares (aggregating up to ₹33.00 Cr) |
Fresh Issue | 4,342,105 shares (aggregating up to ₹33.00 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 12,000,003 |
Share holding post issue | 16,342,108 |
Market Maker portion | 217,600 shares |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Baba Food Processing IPO Reservation
Investor Category | Shares Offered |
---|---|
QIB Shares Offered | Not more than 2% of the Net Issue |
Retail Shares Offered | Not less than 69% of the Net Issue |
NII (HNI) Shares Offered | Not less than 29% of the Net Issue |
Baba Food Processing IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The table below shows the minimum and maximum investments for retail and HNI investors in shares and amounts.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 1600 | ₹121,600 |
Retail (Max) | 1 | 1600 | ₹121,600 |
HNI (Min) | 2 | 3,200 | ₹243,200 |
Baba Food Processing IPO Dates
Baba Food Processing IPO opens on November 3, 2023, and closes on November 7, 2023.
IPO Open Date | Friday, November 3, 2023 |
IPO Close Date | Tuesday, November 7, 2023 |
Basis of Allotment | Friday, November 10, 2023 |
Initiation of Refunds | Monday, November 13, 2023 |
Credit of Shares to Demat | Wednesday, November 15, 2023 |
Listing Date | Thursday, November 16, 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on November 7, 2023 |
Baba Food Processing India Limited Financial Report
Baba Food Processing India Limited’s revenue grew by 94.38%, and the profit after tax (PAT) increased by 150.14% between the fiscal year ending on March 31, 2023, and March 31, 2022.
Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
---|---|---|---|---|
Assets | 6,980.33 | 6,811.54 | 5,467.80 | 4,583.95 |
Revenue | 4,138.75 | 18,964.17 | 9,756.30 | 10,769.55 |
Profit After Tax | 192.29 | 503.44 | 201.26 | 198.14 |
Net Worth | 2,692.36 | 2,499.97 | 1,996.53 | 1,648.95 |
Reserves and Surplus | 1,492.26 | 2,019.97 | 1,516.53 | 1,168.95 |
Total Borrowing | 3,250.94 | 3,266.54 | 2,766.60 | 2,325.45 |
Key Performance Indicator of Baba Food Processing India
KPI | Values |
---|---|
ROE | 20.14% |
ROCE | 15.81% |
EPS (Rs) | 4.2 |
RoNW | 20.14% |
Baba Food Processing IPO Promoter Holding
The Promoter of our Company is Yogesh Kumar Sahu.
Share Holding Pre Issue | 99.99 |
Share Holding Post Issue | – |
Baba Food Processing India Limited Contact Details
Baba Food Processing India Limited
6th Floor, Home Decor Building,
Opposite Durga Mandir, Ratu Road,
Ranchi G.P.O., Ranchi – 834 001,
Phone: +91 915 519 2834
Email: info.babafood@gmail.com
Website: https://www.babafood.in/
Baba Food Processing IPO Registrar
Mas Services Limited
Phone: (011) 2610 4142
Email: info@masserv.com
Website: http://www.masserv.com
Baba Food Processing IPO FAQs
What is Baba Food Processing IPO?
Baba Food Processing IPO is a SME IPO offering 4,342,105 equity shares with a face value of ₹10 each, aggregating up to ₹33.00 Crores. The IPO price range is ₹72 to ₹76 per share, and the minimum order quantity is 1600 Shares. The IPO subscription period is from November 3, 2023, to November 7, 2023.
Mas Services Limited is the registrar for this IPO, and the shares are intended to be listed on NSE SME.
How to apply for Baba Food Processing IPO through Zerodha?
Zerodha clients can apply for the Baba Food Processing IPO online using the UPI payment method. To apply, log in to the Zerodha Console (back office), go to the Portfolio section, and select the IPOs link. Find the ‘Baba Food Processing IPO’ row, click the ‘Bid’ button, and enter your UPI ID, Quantity, and Price. Then, submit the IPO application form and visit your UPI App (net banking or BHIM) to approve the mandate.
When does the Baba Food Processing IPO open?
The Baba Food Processing IPO opens on November 3, 2023, and it will close on November 7, 2023.
What is the lot size for Baba Food Processing IPO?
The lot size for Baba Food Processing IPO is 1600 Shares, requiring a minimum investment of ₹121,600.
How can I apply for Baba Food Processing IPO?
You can apply for the Baba Food Processing IPO online using UPI or ASBA as the payment method. ASBA IPO application can be done through your bank’s net banking, while UPI IPO application is available through brokers that offer UPI services. You can find more details on how to apply for IPOs online through platforms like Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When is the allotment date for Baba Food Processing IPO?
The basis of allotment for the Baba Food Processing IPO will be finalized on November 10, 2023, and the allotted shares will be credited to your demat account by November 15, 2023. You can check the IPO allotment status.
When is the listing date for Baba Food Processing IPO?
The listing date for the Baba Food Processing IPO is yet to be announced, but it is tentatively scheduled for November 16, 2023.