Mother Nutri Foods Limited is a B2B peanut butter manufacturing company, offering 10+ flavours and 5+ variants of peanut butter. The company also sells its products under its own brand “Spread & Eat”, which is exported to Libya, Dubai, and has recently entered the Japanese market.
In addition to its own brand presence, the company is heavily engaged in private labelling, supplying peanut butter to domestic and international clients, including hypermarkets, supermarkets, and retail chains. Its private-label customer network spans multiple global markets, such as the United Kingdom, Canada, South Africa, Mauritius, Russia, British Virgin Islands, Spain, UAE, Saudi Arabia, Nepal, Bangladesh, Philippines, Mexico, Kuwait, Israel, USA, Oman, Kenya, Germany, and Portugal.
The company manufactures peanut butter and roasted peanuts, with peanut butter being the major contributor to revenue—accounting for 60% to nearly 100% of its operating revenue across FY23–Sept 2025.
Mother Nutri Foods operates through a single manufacturing facility located at Mahuva, Bhavnagar, Gujarat, India.
As of July 31, 2025, Mother Nutri Foods Limited employs 41 personnel, including its Directors.
Mother Nutri Foods IPO – Details
| IPO Opening Date | 26 November 2025 |
| IPO Closing Date | 28 November 2025 |
| Issue Type | Bookbuilding IPO |
| Issue Size | Total Issue: 33,84,000 Shares Worth ₹39.59 Crore Fresh Issue: 27,07,200 Shares Worth ₹31.67 Crore Offer For Sale: 6,76,800 Shares Worth ₹7.92 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹111 – ₹117 per share |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Bigshare Services Pvt.Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Mother Nutri Foods IPO – Date Schedule
| IPO Open Date | 26 November 2025 |
| IPO Close Date | 28 November 2025 |
| Basis of Allotment | 01 December 2025 |
| Initiation of Refund | 02 December 2025 |
| Credit of Shares to Demat | 02 December 2025 |
| IPO Listing Date | 03 December 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 28, 2025 |
Mother Nutri Foods IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2400 | ₹2,80,800 |
| Retail (Max) | 2 | 2400 | ₹2,80,800 |
| S-HNI (Min) | 3 | 3600 | ₹4,21,200 |
| S-HNI (Max) | 7 | 8400 | ₹9,82,800 |
| B-HNI (Min) | 8 | 9600 | ₹11,23,200 |
Competitive Strength
- Quality of the products.
- Strategically located manufacturing facility.
- Long-term relationship with clients and repeat business.
- Experienced Promoters and Management Team.
Company Promoters
- Chintan Rajnikant Thakar
- Umeshbhai Kantilal Sheth
- Rajnikant Indubhai Thakar
- Parth Umeshkumar Sheth
- Naynaben Rajnikant Thakar
- Vandnaben U Sheth
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹76.26 Cr | ₹74.81 Cr | ₹1.13 Cr | ₹23.37 Cr |
| 31 March 2024 | ₹81.05 Cr | ₹75.01 Cr | ₹4.77 Cr | ₹25.43 Cr |
| 31 March 2025 | ₹90.48 Cr | ₹82.70 Cr | ₹6.47 Cr | ₹22.81 Cr |
| 30 September 2025 | ₹50.47 Cr | ₹43.99 Cr | ₹5.32 Cr | ₹30.53 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 36.64% |
| ROCE | 20.63% |
| RoNW | 26% |
| PAT Margin | 7.17% |
| EBITDA Margin | 11.32% |
| Price to Book Value | 2.30 |
| Market Capitalization | ₹146.66 Cr. |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.58 | 8.48 |
| P/E (x) | 17.77 | 13.80 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Setting up a new manufacturing facility located at Mahuva, Bhavnagar in Gujarat (“Proposed facility”). | ₹23.19 |
| General Corporate Purposes. | – |
✅Strengths
- Wide product range in peanut butter (10+ flavours, multiple variants).
- Strong export presence in 20+ countries (UK, Canada, UAE, USA, Germany, Japan, etc.).
- B2B + private labelling model ensures recurring bulk orders.
- Peanut butter is the core revenue driver (60%–99% of revenue).
- Strategic location in Gujarat with easy access to raw peanuts and ports.
- High repeat customer rate, showing strong client relationships.
- Experienced promoters with industry expertise.
⚠️Risks
- Heavy dependence on peanut butter for revenue.
- Single manufacturing facility creates operational vulnerability.
- Customer concentration risk — reliance on a few major buyers.
- Raw peanut price volatility may impact margins.
- Forex and export dependency risk due to global operations.
- High working capital needs for export-led business.
- Competition from domestic & global brands.
- Loan & interest burden increases financial risk.
Mother Nutri Foods IPO Promoter Holding
| Pre Issue Share Holding | 90.98% |
| Post Issue Share Holding | 65.93% |
Mother Nutri Foods IPO Prospectus
Company Contact Information
| Mother Nutri Foods Ltd. Survey No 276/1 Opp. Petrol Pump Mahuva-Bhavnagar Road At Otha, Mahuva Bhavnagar, Gujarat, 364295 Phone: 99744 14123 Email: cs@mothernutrifoods.com Website: http://www.mothernutrifoods.com/ |
Mother Nutri Foods IPO Registrar
| Bigshare Services Pvt.Ltd. Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Mother Nutri Foods IPO Lead Manager(s)
| 1. Marwadi Chandarana Intermediaries Brokers Pvt.Ltd. |
Mother Nutri Foods IPO FAQ
| What is Mother Nutri Foods IPO? Mother Nutri Foods IPO is an SME IPO. The issue is priced at ₹111 – ₹117 per equity share. The IPO is to be listed on BSE SME. |
| When Mother Nutri Foods IPO will open? The IPO is to open on 26 November 2025 for QIB, NII, and Retail Investors. |
| What is Mother Nutri Foods IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Mother Nutri Foods IPO Size? Mother Nutri Foods IPO size is ₹39.59 Crore. |
| What is Mother Nutri Foods IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2400 Shares with ₹2,80,800 amount, while the maximum bid is 2400 Shares with ₹2,80,800. |
| What is the Mother Nutri Foods IPO Allotment Date? Mother Nutri Foods IPO allotment date is 01 December 2025. |
| What is the Mother Nutri Foods IPO Listing Date? Mother Nutri Foods IPO listing date is 03 December 2025. The IPO is to be listed on the BSE SME. |
