Baba Food Processing IPO primarily operates in the business of producing various types of flour, including high-fiber Whole Wheat Atta (Wheat Flour), Refined Flour (Maida), Tandoori Atta, and Semolina flour (Sooji). Their manufacturing facility is located in Ranchi and consists of two divisions: the high-fiber whole wheat atta division and the refined flour division.
In the whole wheat atta division, the company specializes in the production of high-fiber Whole Wheat Atta, which is essentially wheat flour. In their refined flour division, they manufacture Refined Flour (Maida), Tandoori Atta, and Semolina flour (Sooji). Additionally, the company effectively utilizes by-products and waste materials generated during their manufacturing process, such as wheat bran and other waste materials. These by-products are repurposed and sold as cattle feed and fish feed. This sustainable approach makes their manufacturing unit a zero-waste and zero-discharge facility, contributing to environmental and resource conservation.
About the Issue
The Baba Food Processing IPO is a book-built issue with a total value of Rs 33.00 crores. This IPO consists of entirely fresh issuance of 43.42 lakh shares.
The subscription period for the Baba Food Processing IPO commences on November 3, 2023, and concludes on November 7, 2023. The allotment of shares for this IPO is expected to be finalized on Friday, November 10, 2023. Baba Food Processing IPO is set to be listed on the NSE SME platform, with the tentative listing date scheduled for Thursday, November 16, 2023.
The price band for the Baba Food Processing IPO is fixed at ₹72 to ₹76 per share. The minimum lot size for an application is 1600 shares, which translates to an investment of ₹121,600 for retail investors. For High Net Worth Individuals (HNIs), the minimum investment is 2 lots, equivalent to 3,200 shares, totaling ₹243,200.
Baba Food Processing IPO Timeline
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
The Baba Food Processing IPO minimum market lot is 1600 shares with a ₹121,600 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹121,600 |
| Retail Maximum | 1 | 1600 | ₹121,600 |
| S-HNI Minimum | 2 | 3200 | ₹243,200 |
Baba Food Processing India Limited Financials (Rs in Lakhs)
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 |
Objects of the Issue:
- Investment in our wholly-owned subsidiary, Panchakanya Foods Private Limited (PFPL), to establish a modern and highly automated manufacturing unit in Patna, Bihar. This unit will include a roller flour mill and a chakki whole wheat atta mill as part of the Project.
- Financing the acquisition of machinery for the production of Chickpea Flour (Besan) and Roasted Gram Flour (Sattu) in our existing manufacturing facility located in Ranchi.
- Meeting the working capital requirements of the Company to support its day-to-day operations.
- Prepayment or repayment of certain outstanding unsecured borrowings that the Company has availed.
- Utilizing the funds for general corporate purposes as deemed necessary for the Company’s growth and development.
Baba Food Processing IPO Registrar
Mas Services Limited
Phone: (011) 2610 4142
Email: info@masserv.com
Website: http://www.masserv.com
Company Address
Baba Food Processing Limited
6th Floor, Home Decor Building,
Opposite Durga Mandir, Ratu Road,
Ranchi G.P.O., Ranchi – 834 001,
Phone: +91 915 519 2834
Website: https://www.babafood.in/
Baba Food Processing IPO FAQs
What is Baba Food Processing IPO?
Baba Food Processing IPO is an NSE SME IPO. They are going to raise ₹33 Crores via IPO. The issue is priced at ₹72 to ₹76 per equity share. The IPO is to be listed on NSE.
When Baba Food Processing IPO will open?
The IPO is to open on November 3, 2023 for QIB, NII, and Retail Investors.
What is Baba Food Processing IPO Investors Portion?
The investors’ portion for QIB is 2%, NII is 29%, and Retail is 69%.
How to Apply the Baba Food Processing IPO through Zerodha?
Steps to apply in Baba Food Processing IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the ‘Baba Food Processing IPO’ row and click the ‘Bid’ button.
- Enter your UPI ID, Quantity, and Price.
- ‘Submit’ IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate