Open Date
03 Nov 2023
07 Nov 2023
1600 shares
₹33.00 Cr
Lot Size
IPO Size
Listing At
NSE SME
Listing Date
Price Range
₹72 to ₹76
Close Date
Allotment Date
10 Nov 2023
16 Nov 2023
Established in 2015, Baba Food Processing India Limited is engaged in the business of agro-food manufacturing. The company produces high-fiber Whole Wheat Atta (Wheat Flour), Refined Flour (Maida), Tandoori Atta, and Semolina flour (Sooji). The company’s manufacturing facility is located in Ranchi and has two divisions: i) high-fibre whole wheat atta division ii) refined flour division. Additionally, the company markets and sells Chickpea Flour (Besan) and Roasted Gram Flour (Sattu) under the 'Panchakanya' brand.
Baba Food Processing India Limited plans to utilize the raised capital from the IPO to: ● To fund the investment in Panchakanya Foods Private Limited ("PFPL"), a fully owned subsidiary to set up manufacturing facilities in Patna, Bihar which includes an ultra-modern highly automated roller flour mill and chakki whole wheat atta mill. ● To fund machinery purchases for the manufacturing facility in Ranchi, which includes Besan (Chickpea Flour) and Sattu (Roasted Gram Flour). ● To repay or prepay, in part or full the debt obtained ● For working capital requirements. ● General corporate purposes.
The book-running lead managers to the offer are: Horizon Management Private Ltd
Disclaimer Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.