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Baba Food Processing India Limited IPO Detail

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 Sahu

IPO Details

IPO Opening DateNov 03, 2023
IPO Closing DateNov 07, 2023
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹72 - 76 per equity share
Market Lot1600 Shares
Min Order Quantity1600 Shares
Listing AtNSE SME
Issue Size₹33.00 Cr
Fresh Issue₹33.00 Cr
Offer for Sale-
Retail Portion 69%

IPO Subscription (Bidding Detail)

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 DateNov 03, 2023
IPO Close DateNov 07, 2023
Basis of Allotment DateNov 10, 2023
Initiation of RefundsNov 13, 2023
Credit of Shares to Demat AccountNov 15, 2023
IPO Listing DateNov 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).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding99.99%
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