What you must know about Baba Food Processing India IPO?
by 5paisa Research Team
30 Oct 2023
Listing Details
- Listing Exchange NSE SME
- Listing Date 15-Nov-23
- IPO Price Range ₹ 72 to ₹ 76
- Listing Price ₹ 76
- Listing Change 0.0%
- Last Traded Price ₹ 58.25
- Current Change -23.4%
Baba Food IPO Details
- Open Date 03-Nov-23
- Close Date 07-Nov-23
- Lot Size 1600
- IPO Size ₹ 33 Cr
- IPO Price Range ₹ 72 to ₹ 76
- Min Investment ₹ 115200
- Listing Exchange NSE SME
- Basis of Allotment 10-Nov-23
- Refunds 13-Nov-23
- Credit to Demat Account 15-Nov-23
- Listing Date 16-Nov-23
Baba Food Processing India IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 03-Nov-23 | 1.66 | 1.30 | 3.82 | 3.05 |
| 06-Nov-23 | 1.98 | 5.51 | 19.29 | 14.95 |
| 07-Nov-23 | 147.02 | 84.73 | 60.79 | 69.42 |
Baba Food IPO Synopsis
Baba Food Processing India Limited IPO is all set to open from 3rd November to 7th November 2023. The company is engaged in the business of agro-food manufacturing. The IPO includes a fresh issue of 4,342,105 shares worth ₹33 cr. The share allotment date is 10th November, and the IPO will be listed on 16th November on the stock exchanges. The price band is ₹72 to ₹76 per share and the lot size is 1600 shares.
Horizon Management Private Limited is the book-running lead manager for this IPO, while MAS Services Limited is the registrar.
Objectives of Baba Food Processing IPO:
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.
About Baba Food Processing India
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 is committed to sustainability and commercializes by-products and waste materials, such as wheat bran and other residues generated during the manufacturing process, for use as cattle feed and fish feed. This approach transforms the manufacturing unit into a zero-waste and zero-discharge facility.
Peer Comparison
● Megastar Foods Ltd
For More Information:
Webstory on Baba Food Processing IPO
Baba Food Processing IPO GMP
Baba Food Processing India Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 189.54 | 97.11 | 106.55 |
| EBITDA | 11.08 | 5.33 | 6.49 |
| PAT | 5.03 | 2.01 | 1.98 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 68.12 | 54.68 | 45.84 |
| Share Capital | 4.80 | 4.80 | 4.80 |
| Total Borrowings | 43.12 | 34.71 | 29.35 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 0.398 | -8.03 | 8.58 |
| Net cash from / (used in) investing activities | -2.21 | 3.25 | -0.0839 |
| Net cash flow from / (used in) financing activities | 4.99 | 5.87 | -8.59 |
| Net increase (decrease) in cash and cash equivalents | 3.18 | 1.10 | -0.085 |
Baba Food IPO Key Points
-
Strengths
1. Widespread distribution network and presence across various retail channels
2. The company has a diversified product portfolio including a wide range of flour.
3. Strong brand recall and established track record.
4. Existing client and supplier relationships.
5. It also implements Quality Assurance and Quality Control of products.
6. Its manufacturing facilities are strategically located with modern infrastructure and integrated manufacturing facilities with a core focus on quality.
7. Cost-efficient sourcing and locational advantage.
8. The company has an experienced management team. -
Risks
1. The company’s experience in respect of business operations is limited to Jharkhand, Odisha and West Bengal.
2. The company depends on its dealers, wholesalers and retailers for a significant portion of revenue.
3. Higher working capital requirements.
4. Operates in a competitive industry.
Baba Food
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Baba Food IPO FAQs
What is the minimum lot size and investment required for the Baba Food Processing IPO?
The minimum lot size of Baba Food Processing IPO is 1600 shares and the investment required is ₹1,15,200.
What is the price band of Baba Food Processing IPO?
The price for Baba Food Processing IPO is ₹72 to ₹76 per share.
When does the Baba Food Processing IPO open and close?
Baba Food Processing IPO opens from 3rd November to 7th November 2023.
What is the size of the Baba Food Processing IPO?
The size of Baba Food Processing IPO is ₹33 cr.
What is the allotment date of the Baba Food Processing IPO?
The share allotment date of Baba Food Processing IPO is 10th November 2023.
What is the Baba Food Processing IPO listing date?
The Baba Food Processing IPO will be listed on 16th November 2023.
Who are the book runners for the Baba Food Processing IPO?
Horizon Management Private Limited is the book-running lead manager for Baba Food Processing IPO.
What is the objective of the Baba Food Processing IPO?
Baba Food Processing India Limited plans to utilize the raised capital from the IPO to:
1. 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.
2. To fund machinery purchases for the manufacturing facility in Ranchi, which includes Besan (Chickpea Flour) and Sattu (Roasted Gram Flour).
3. To repay or prepay, in part or full the debt obtained
4. For working capital requirements.
5. General corporate purposes.
How to apply for the Baba Food Processing IPO?
To apply for Baba Food Processing IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Baba Food Processing India Limited IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Baba Food Processing India IPO
Contact Information
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/
Baba Food Processing India IPO Register
Mas Services Limited
Phone: (011) 2610 4142
Email: info@masserv.com
Website: http://www.masserv.com
Baba Food Processing India IPO Lead Manager
Horizon Management Private Limited
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