Baba Food Processing is an agro-food manufacturing company. The Company is primarily engaged in the business of manufacturing high fibre Whole Wheat Atta (Wheat Flour), Refined Flour (Maida), Tandoori Atta and Semolina flour (Sooji).
The company’s manufacturing unit is situated 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.
Baba Food Processing IPO – Details
| IPO Opening Date | 03 November 2023 |
| IPO Closing Date | 07 November 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 43,42,105 Shares Worth ₹33.00 Crore Fresh Issue: 43,42,105 Shares Worth ₹33.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹72 – ₹76 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Mas Services Limited |
| QIB Shares Offered | 2% |
| NII (HNI) Shares Offered | 29% |
| Retail Shares Offered | 69% |
Baba Food Processing IPO – Date Schedule
| IPO Open Date | 03 November 2023 |
| IPO Close Date | 07 November 2023 |
| Basis of Allotment | 10 November 2023 |
| Initiation of Refund | 13 November 2023 |
| Credit of Shares to Demat Account | 14 November 2023 |
| IPO Listing Date | 15 November 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Nov 07, 2023 |
Baba Food Processing IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1600 | 1,21,600 |
| Retail (Maximum) | 1 | 1600 | 1,21,600 |
| HNI (Minimum) | 2 | 3200 | 2,43,200 |
Competitive Strengths
- Diversified Product Basket.
- Strong brand recall and established track record.
- Existing client and supplier relationships.
- Quality Assurance and Quality Control of their products.
- Strategically located manufacturing facilities with modern infrastructure and integrated manufacturing facilities with a core focus on quality.
- Cost efficient sourcing and locational advantage.
- Well experienced management team with proven project management and implementation skills.
Company Promoters
- Yogesh Kumar Sahu
Object Of The Issue
- Investment in 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;
- Funding purchase of machinery for manufacturing Chickpea Flour (Besan) and Roasted Gram Flour (Sattu) in the existing manufacturing unit in Ranchi;
- Funding working capital requirements of the Company;
- Prepayment or repayment of all or a portion of certain outstanding unsecured borrowings availed by the Company; and
- General Corporate Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 107.69 | 104.60 | 1.98 | 23.25 |
| 31 March 2022 | 97.56 | 94.75 | 2.01 | 27.66 |
| 31 March 2023 | 189.64 | 182.66 | 5.03 | 32.66 |
Key Performance Indicator
| KPI | Values |
|---|---|
| Post P/E (x) | 16.14 |
| Market Cap (₹ Cr.) | 124.2 |
| ROE | 20.14% |
| ROCE | 15.81% |
| EPS (Rs) | 4.2 |
| RoNW | 20.14% |
Baba Food Processing IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | – |
Baba Food Processing IPO Prospectus
- Baba Food Processing IPO DRHP
- Baba Food Processing IPO RHP
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, Phone: +91 915 519 2834 Email: 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 Lead Manager(s)
| 1. Horizon Management Private Limited |
Baba Food Processing IPO FAQs
| What is Baba Food Processing IPO? Baba Food Processing IPO is a SME IPO. The issue is priced at ₹72 – ₹76 per equity share. The IPO is to be listed on NSE SME. |
| When Baba Food Processing IPO will open? The IPO is to open on 03 November 2023 for QIB – 2%, NII – 29% and Retail – 69% Investors. |
| How to Baba Food Processing IPO? You can apply Baba Food Processing IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Baba Food Processing IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Baba Food Processing”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Baba Food Processing IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Baba Food Processing”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Baba Food Processing IPO Size? Baba Food Processing IPO size is ₹33.00 crores. |
| What is Baba Food Processing IPO Price Band? Baba Food Processing IPO Price Band is ₹72 – ₹76. |
| What is Baba Food Processing IPO Minimum and Maximum Lot Size? The minimum bid is 1600 Shares with ₹1,21,600 amount while the maximum bid is 1600 shares with ₹1,21,600. |
| What is the Baba Food Processing IPO Allotment Date? Baba Food Processing IPO allotment date is 10 November 2023. |
| What is the Baba Food Processing IPO Listing Date? Baba Food Processing IPO listing date is 15 November 2023. The IPO is to list on NSE SME. |
