Baba Food Processing India Limited IPO Detail
Incorporated in April 2015, Baba Food Processing is an agro-food manufacturing company. The company has established its footprints in branded consumer as well as bulk food markets producing wheat floor products. The company manufactures wide range of products including Whole Wheat Atta (Wheat Flour), Refined Flour (Maida), Tandoori Atta and Semolina flour (Sooji).
The company owns a manufacturing unit in Nagri, Ranchi and plans to set up another unit in Patna Bihar. The company employes more than 120 people and has annual sales of 1900 million.
The core strength of the company lies in the following
- Extensive distribution network and presence in various retail channels.
- Wide range of products such as Whole Wheat Atta (Wheat Flour), Refined Flour (Maida), Tandori Atta and Semolina flour (Sooji), to address a large consumer base.
- Strong Client and supplier relationship.
- Quality Assurance and Quality Control of our products.
Company Promoters
Yogesh Kumar SahuIPO Details
| IPO Opening Date | Nov 03, 2023 |
| IPO Closing Date | Nov 07, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹72 - 76 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹33.00 Cr |
| Fresh Issue | ₹33.00 Cr |
| Offer for Sale | - |
| Retail Portion | 69% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 1.66x | - | - | 1.29x | 3.77x | 3.01x |
| Day 2 | 1.98x | - | - | 5.51x | 19.30x | 14.96x |
| Day 3 | 147.02x | - | - | 84.73x | 60.79x | 69.42x |
IPO Tentative Timetable
The Baba Food Processing India Limited IPO open date is Nov 03, 2023, and the close date is Nov 07, 2023. The issue may list on Nov 16, 2023.
| IPO Open Date | Nov 03, 2023 |
| IPO Close Date | Nov 07, 2023 |
| Basis of Allotment Date | Nov 10, 2023 |
| Initiation of Refunds | Nov 13, 2023 |
| Credit of Shares to Demat Account | Nov 15, 2023 |
| IPO Listing Date | Nov 16, 2023 |
IPO Lot Size
The Baba Food Processing India Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹121600).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹121600 |
| Maximum | 1 | 1600 | ₹121600 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 4583.95 | 10769.55 | 198.14 |
| 31-Mar-22 | 198.14 | 9756.30 | 201.26 |
| 31-Mar-23 | 6811.54 | 18964.17 | 503.44 |
Objects of the Issue:
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
1. Investment in our wholly owned Subsidiary, Panchakanya Foods Private Limited ("PFPL") for setting up a manufacturing unit in Patna, Bihar, comprising an ultra-modern highly automated roller flour mill and chakki whole wheat atta mill (hereinafter referred as the "Project");
2. Funding purchase of machinery for manufacturing Chickpea Flour (Besan) and Roasted Gram Flour (Sattu) in our existing manufacturing unit in Ranchi;
3. Funding working capital requirements of the Company;
4. Prepayment or repayment of all or a portion of certain outstanding unsecured borrowings availed by the Company; and
5. General Corporate Purposes.
Baba Food Processing India Limited IPO Registrar:
MAS Services Limited
Baba Food Processing India Limited IPO Lead Manager(s):
Horizon Management Private Limited
Company Contact Information:
Baba Food Processing India Limited
6th Floor, Home Decor Building,
Opposite Durga Mandir, Ratu Road,
Ranchi G.P.O., Ranchi – 834 001
