The Baba Food Processing IPO commenced on November 3, 2023, and concluded on November 7, 2023. The allotment of shares took place on November 10, 2023, and the initiation of refunds began on November 13, 2023. The shares were credited to the demat accounts of investors on November 15, 2023. Finally, the listing of Baba Food Processing on the stock exchange occurred on November 16, 2023.
The Baba Food Processing IPO was priced at ₹72 to ₹76 per share, with a lot size of 1600 shares. The total issue size was ₹33.00 crores, comprising a fresh issue of ₹33.00 crores. The IPO was listed on the NSE SME.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 2% of the shares, the NII (Non-Institutional Investors) quota was reserved for 29% of the shares, and the retail quota was reserved for 69% of the shares.
Baba Food IPO Basic Details
| Company Name | Baba Food Processing India Limited |
| Domain of Company | Agro-food Manufacturing Company |
| Baba Food Processing IPO GMP Today | ₹30 |
| Baba Food Processing IPO Listing Gain | 39.47% |
| Baba Food Processing IPO Open Date | November 3, 2023 |
| Baba Food Processing IPO Close Date | November 7, 2023 |
| Baba Food Processing IPO Allotment Date | November 10, 2023 |
| Baba Food Processing IPO Listing Date | November 16, 2023 |
| Face Value | ₹10 per share |
| Price | ₹72 to ₹76 per share |
| Lot Size | 1600 Shares |
| Issue Size | 4,342,105 shares of ₹10 (aggregating up to ₹33.00 Cr) |
| Fresh Issue | 4,342,105 shares of ₹10 (aggregating up to ₹33.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Company Promoters | Yogesh Kumar Sahu |
Baba Food Processing IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹30 | 39.47% | – | – |
| 1 November 2023 | ₹30 | 39.47% | – | – |
Baba Food Processing India IPO Details:
Baba Food Processing, a company specializing in agro-food manufacturing, was founded in April 2015. They’ve made a name for themselves in the world of food, creating wheat flour products for both everyday consumers and bulk buyers. Their product lineup includes Whole Wheat Atta (Wheat Flour), Refined Flour (Maida), Tandoori Atta, and Semolina flour (Sooji).
The company operates a production facility in Nagri, Ranchi, and they’re planning to open another one in Patna, Bihar. They currently have a team of over 120 employees and achieve annual sales of 1900 million.
What makes this company stand out are:
- Their extensive distribution network, which ensures their products reach a wide range of retail outlets.
- A diverse product range catering to a large consumer base, offering Whole Wheat Atta (Wheat Flour), Refined Flour (Maida), Tandoori Atta, and Semolina flour (Sooji).
- Strong relationships with clients and suppliers.
- A commitment to ensuring the quality and safety of their products through rigorous quality assurance and control processes.
Baba Food Processing IPO More Details Click Here
Baba Food Processing IPO FAQs
When is Baba Food Processing IPO open?
Baba Food Processing IPO will open on 3 November 2023.
When is Baba Food Processing IPO Close?
Baba Food Processing IPO will be closed on 7 November 2023.
What is Baba Food Processing IPO GMP Today?
The Baba Food Processing IPO GMP aka Grey Market Premium is ₹30.
What is Baba Food Processing IPO Kostak Rates Today?
The Baba Food Processing IPO Kostak Rate is ₹000.
What is Baba Food Processing IPO Subject to Sauda Price Today?
The Baba Food Processing IPO subject to sauda rates is ₹000.
Baba Food Processing IPO Expected Returns?
The Baba Food Processing expected return is 39.47%.
How much will be the listing gain in Baba Food Processing IPO?
Baba Food Processing IPO will get listing gain of 39.47%. (Approx.)
