Baba Food Processing IPO is a book built issue of Rs 33.00 crores. The issue is entirely a fresh issue of 43.42 lakh shares.
Baba Food Processing IPO opens for subscription on November 3, 2023 and closes on November 7, 2023. The allotment for the Baba Food Processing IPO is expected to be finalized on Friday, November 10, 2023. Baba Food Processing IPO will list on NSE SME with tentative listing date fixed as Thursday, November 16, 2023.
Baba Food Processing IPO price band is set at ₹72 to ₹76 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹121,600. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹243,200.
Horizon Management Private Limited is the book running lead manager of the Baba Food Processing IPO, while Mas Services Limited is the registrar for the issue. The market maker for Baba Food Processing IPO is Nikunj Stock Brokers.
Refer to Baba Food Processing IPO RHP for detailed information.
Baba Food Processing IPO Details
| IPO Date | November 3, 2023 to November 7, 2023 |
| Listing Date | [16 NOVEMBER 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 Nikunj Stock Brokers |
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 Timeline (Tentative Schedule)
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 IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹121,600 |
| Retail (Max) | 1 | 1600 | ₹121,600 |
| HNI (Min) | 2 | 3,200 | ₹243,200 |
| Lot Size Calculator |
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 |
About Baba Food Processing India Limited
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
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- Extensive distribution network and presence in various retail channels.
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- 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.
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- Strong Client and supplier relationship.
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- Quality Assurance and Quality Control of our products.
Baba Food Processing India Limited Financial Information (Restated Consolidated)
Baba Food Processing India Limited’s revenue increased by 94.38% and profit after tax (PAT) rose by 150.14% between the financial year ending with 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 |
| Amount in ₹ Lakhs |
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% |
Check Baba Food Processing IPO Peer Comparison here.
Objects of the Issue (Baba Food Processing IPO Objectives)
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 IPO Review (May apply)
[Dilip Davda] The company is operating in a highly competitive and fragmented segment of flour business. It has posted incremental profits for the reported periods. Based on FY24 annualized earnings, the issue appears fully priced discounting all near term positives. Well-informed investors may park moderate funds for the medium to long-term rewards. Read detail review…
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:
Website: https://www.babafood.in/
Baba Food Processing IPO Registrar
Phone: (011) 2610 4142
Email: info@masserv.com
Website: http://www.masserv.com