Baba Food Processing IPO Details ( Baba Food Processing India Limited IPO Review )
(3 Nov 2023 – 7 Nov 2023)
Baba Food Processing started in April 2015 as a company that makes food from crops. They’re known for making wheat products for regular folks and for big food buyers. Their products include Whole Wheat Atta (Wheat Flour), Refined Flour (Maida), Tandoori Atta, and Semolina flour (Sooji).
The company has a factory in Nagri, Ranchi, and they plan to open another one in Patna, Bihar. They have over 120 employees and make 1900 million in sales each year.
The company’s strengths are:
- They have a big network for getting their products to stores and shops.
- They offer a variety of products like Whole Wheat Atta, Refined Flour, Tandoori Atta, and Semolina flour to please lots of customers.
- They have good relationships with their clients and suppliers.
- They make sure their products are good quality and safe.
Baba Food Processing India Limited IPO Competitive Strength
- Widespread distribution network and presence across various retail channels
- Diversified Product Basket
- Strong brand recall and established track record
- Existing client and supplier relationships
- Quality Assurance and Quality Control of our 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
Baba Food IPO Financials Performance ( Results )
Baba Food Processing India Limited Financial Information (Restated Consolidated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 4,583.95 | 10,769.55 | 198.14 | 4.13 | 1,648.95 | 1,168.95 | 2,325.45 | |
| 31-Mar-22 | 5,467.80 | 9,756.30 | 201.26 | 4.19 | 1,996.53 | 1,516.53 | 2,766.60 | |
| 31-Mar-23 | 6,811.54 | 18,964.17 | 503.44 | 4.20 | 2,499.97 | 20.83 | 2,019.97 | 3,266.54 |
| 30-Jun-23 | 6,980.33 | 4,138.75 | 192.29 | 1.60 | 2,692.36 | 22.44 | 1,492.26 | 3,250.94 |
Objective of Baba Food IPO Issue
- 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”)
- Funding purchase of machinery for manufacturing Chickpea Flour (Besan) and Roasted Gram Flour (Sattu) in our 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
- General Corporate Purposes
Baba Food IPO Basic Details
| IPO Date | Nov 3, 2023 to Nov 7, 2023 |
| Listing Date | Thursday, November 16, 2023 |
| Face Value | ₹10 per share |
| Price | ₹72 to ₹76 per share |
| Lot Size | 1600 Shares |
| 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 |
| Company Promoters | Yogesh Kumar Sahu |
Baba Food IPO Reservation
| QIB Shares Offered | 2% of the Net Issue |
| NII (HNI) Shares Offered | 29% of the Net Issue |
| Retail Shares Offered | 69% of the Net Issue |
Baba Food IPO Timetable
Baba Food IPO will open on November 3, 2023 and close on November 7, 2023. You can join Baba Food IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 3 November 2023 (Friday) |
| Closing Date | 7 November 2023 (Tuesday) |
| Basis of Allotment | 10 November 2023 (Friday) |
| Initiation of Refunds | 13 November 2023 (Monday) |
| Credit of Shares to Demat | 15 November 2023 (Wednesday) |
| Listing Date | 16 November 2023 (Thursday) |
| Deadline for UPI mandate confirmation | 5 PM on 7 November 2023 |
Baba Food IPO Lot Size
For retail investors in Baba Food IPO, 1600 shares will come in 1 lot or the minimum investment will be ₹121,600. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹121,600.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹121,600 |
| Retail (Max) | 1 | 1600 | ₹121,600 |
| S-HNI (Min) | 2 | 3200 | ₹243,200 |
Baba Food Processing India IPO Promoter Holding
The company’s promoters include Yogesh Kumar Sahu.
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | – |
Baba Food Processing India Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 124.2 |
| Earning Per Share (EPS) | ₹4.20 per Equity Share |
| Net Asset Value (NAV) | ₹20.83 per Equity Share |
| Post P/E Ratio (P/E) (x) | 16.14 |
| Return on Net Worth (RoNW) (%) | 20.14 |
| Return on equity (ROE) (%) | 20.14 |
| Return on Capital Employed (ROCE) (%) | 15.81 |
| Debt/Equity Ratio (June 30, 2023) | 1.21 |
Baba Food Processing India Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CPM (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Baba Food Processing (India) Limited | Consolidated | 76 | 10 | 4.20 | 16.14 | 20.14 | 20.83 |
| Peer Group | |||||||
| Megastar Foods Ltd | Consolidated | 308.60 | 10 | 10.08 | 30.62 | 21.88 | 46.07 |
Baba Food Processing IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 2 November 2023 | ₹30 | – | – |
| 1 November 2023 | ₹30 | – | – |
Baba Food Processing IPO Detail Video:
Baba Food Processing IPO Subscription Status (Bidding Detail)
The Baba Food Processing IPO on November 7, 2023 at 7:29:00 PM was subscribed 69.44 times, with the retail category being subscribed 60.82 times, the NII (Non-Institutional Investor) category being subscribed 84.73 times, QIB (Qualified-Institutional Buyers) category being subscribed 147.02 times.
| Category | Subscription |
| QIB | 147.02x |
| NII | 84.73x |
| Retail | 60.82x |
| Total | 69.44x |
Baba Food Processing IPO Prospectus
| Baba Food Processing IPO DRHP | Download |
| Baba Food Processing IPO RHP | Download |
| Baba Food Processing IPO Anchor Investors Details PDF | Download |
Baba Food Processing IPO Rating
| Our Rating | 3.0/5.0 |
Baba Food Processing Company Contact Information
Baba Food Processing India Limited
Registered Office: 6th Floor, Home Decor Building, Opposite Durga Mandir, Ratu Road, Ranchi G.P.O., Ranchi – 834 001, Jharkhand, India
Telephone: +91 915 519 2834
E-mail: cs@babafood.in
Facsimile: N.A
Website: www.babafood.in
Contact Person: Ashana Vij, Company Secretary & Compliance Officer
Corporate Identity Number: U15311JH2015PLC002849
Promoters of Our Company: Yogesh Kumar Sahu
Baba Food Processing IPO Registrar
MAS Services Limited
Registered Office: T-34, 2nd Floor, Okhla Industrial Area, Phase – II, New Delhi -110 020, Delhi, India
Telephone: +91 112 638 7281/83, 4132 0335;
Facsimile: +91 112 638 7384
Email ID: info@masserv.com
Website: www.masserv.com
Investor grievance: investor@masserv.com
Contact Person: N C Pal
SEBI Registration: INR 000000049
Baba Food Processing IPO Lead Manager
Horizon Management Private Limited
Registered Office: 19 R N Mukherjee Road, Main Building, 2nd Floor,
Kolkata – 700 001, West Bengal, India.
Telephone: +91 33 4600 0607
Facsimile: +91 33 4600 0607
Email ID: smeipo@horizon.net.co
Website: www.horizonmanagement.in
Investor Grievance ID: investor.relations@horizon.net.co
Contact Person: Manav Goenka
SEBI Registration Number: INM000012926
Baba Food Processing IPO FAQs
What is the lot size of Baba Food Processing IPO?
The total size of Baba Food Processing IPO is ₹33.00 crores and this is a complete fresh Issue.
When will Baba Food Processing IPO start?
Baba Food Processing IPO will open from 3 November 2023 and IPO will close on 7 November 2023.
What is the open date of Baba Food Processing IPO?
Baba Food Processing IPO will open date from 3 November 2023.
What is the last date ( close date ) of Baba Food Processing IPO?
Baba Food Processing IPO will close from 7 November 2023.
What is the price band of Baba Food IPO?
Baba Food IPO price band is ₹72 to ₹76. ( Upper Price Band: ₹76, Lower Price Band: ₹72 )
What is the minimum amount required to apply for Baba Food IPO?
The minimum investment for retailers to apply for Baba Food IPO is ₹121,600 and the maximum investment is ₹121,600.
What is going on gray market premium of Baba Food IPO?
View gray market premium of Baba Food IPO by Clicking Here
How much is the GMP of Baba Food IPO?
Watch Baba Food IPO GMP Today: Click Here
What is the allotment date of Baba Food IPO?
The allotment date of Baba Food IPO is 10 November 2023.
How to check allotment status in Baba Food IPO?
To check the allotment status of Baba Food IPO, first of all go to the registrar website by clicking here, select your bad Baba Food IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Baba Food Processing IPO?
The listing date of Baba Food Processing IPO is 16 November 2023.
How much will be the listing gain in Baba Food Processing IPO?
View listing gain of Baba Food Processing IPO by Clicking Here
How much time Baba Food Processing IPO is subscribed?
Total 69.44 times subscribed in Baba Food Processing IPO out of which 60.82 times subscription was done in retail quota, 84.73 times subscription in NII quota and 147.02 times subscription in QIB quota.
How to apply for Baba Food Processing IPO from Upstox?
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How to apply for Baba Food Processing IPO from Angle One?
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