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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 bidding started from November 3, 2023 and ended on November 7, 2023. The allotment for Baba Food Processing IPO was finalized on Friday, November 10, 2023. The shares got listed on NSE SME on November 15, 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.
| IPO Date | November 3, 2023 to November 7, 2023 |
| Listing Date | November 15, 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 offers 4,326,400 shares. 80,000 (1.85%) to QIB, 1,193,600 (27.59%) to NII, 2,835,200 (65.53%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 217,600 (5.03%) |
| QIB Shares Offered | 80,000 (1.85%) |
| NII (HNI) Shares Offered | 1,193,600 (27.59%) |
| Retail Shares Offered | 2,835,200 (65.53%) |
| Total Shares Offered | 4,326,400 (100%) |
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 | Wednesday, November 15, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 7, 2023 |
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 | |||
The Promoter of our Company is Yogesh Kumar Sahu
| Share Holding Pre Issue | 99.99 |
| Share Holding Post Issue |
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
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 | ||||
The market capitalization of Baba Food Processing IPO is Rs 124.2 Cr.
| KPI | Values |
|---|---|
| ROE | 20.14% |
| ROCE | 15.81% |
| RoNW | 20.14% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.2 | |
| P/E (x) | 16.14 |
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.
[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...
The Baba Food Processing IPO is subscribed 69.44 times on November 7, 2023 7:29:00 PM. The public issue subscribed 60.82 times in the retail category, 147.02 times in the QIB category, and 84.73 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 147.02 |
| NII | 84.73 |
| Retail | 60.82 |
| Total | 69.44 |
Total Application : 107,765 (60.82 times)
| Listing Date | November 15, 2023 |
| BSE Script Code | |
| NSE Symbol | BABAFP |
| ISIN | INE0QW501012 |
| Final Issue Price | ₹76 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹76.00 |
| ₹76.00 |
| ₹72.20 |
| ₹76.00 |
| ₹72.20 |
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/
Mas Services Limited
Phone: (011) 2610 4142
Email: info@masserv.com
Website: https://www.masserv.com/opt.asp
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Baba Food Processing IPO is a SME IPO of 4,342,105 equity shares of the face value of ₹10 aggregating up to ₹33.00 Crores. The issue is priced at ₹72 to ₹76 per share. The minimum order quantity is 1600 Shares.
The IPO opens on November 3, 2023, and closes on November 7, 2023.
Mas Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Baba Food Processing IPO using UPI as a payment gateway. Zerodha customers can apply in Baba Food Processing IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Baba Food Processing IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Baba Food Processing IPO opens on November 3, 2023 and closes on November 7, 2023.
Baba Food Processing IPO lot size is 1600 Shares, and the minimum amount required is ₹121,600.
You can apply in Baba Food Processing IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Baba Food Processing IPO will be done on Friday, November 10, 2023, and the allotted shares will be credited to your demat account by Wednesday, November 15, 2023. Check the Baba Food Processing IPO allotment status.
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