Baba Food Processing IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 07, 2023Let’s have a detailed review of the company and analytics of the Baba Food Processing IPO release date, IPO offer price, subscription, Baba Food Processing Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 72 to Rs 76 |
| Listing At | NSE, SME |
| Min. Order Quantity | 1600 Shares |
| Listing Date | November 16, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 3300 Lakh |
| IPO Size | Rs 3300 Lakh |
| Tick Size | 1 |
Baba Food Processing IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Baba Food Processing Share Price |
Baba Food Processing IPO – Summary
Their Company was incorporated on April 22, 2015, as ‘Baba Food Processing (India) Private Limited’, a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation issued by the Registrar of Companies, Jharkhand at Ranchi.
Subsequently, pursuant to a resolution passed by the Shareholders in an Extra-Ordinary General Meeting held on May 27, 2023, their Company was converted from a private limited company to a public limited company and a fresh certificate of incorporation dated July 20, 2023, was issued by the Registrar of Companies, Jharkhand at Ranchi.
The Promoter of this company is YOGESH KUMAR SAHU. The lead manager of the issue is Horizon Management Private Limited, and the Registrar of this issue is MAS Services Limited.
Baba Food Processing IPO Date
The opening and closing dates of Baba Food Processing IPO are November 3, 2023 and November 7, 2023, respectively.
Baba Food Processing IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 3rd Nov | 1.66x | 1.30x | 3.82x | 3.05x |
| 2nd Day – 6th Nov | 1.98x | 5.52x | 19.35x | 15.00x |
| 3rd Day – 7th Nov | 147.02x | 84.73x | 60.82x | 69.44x |
| Shares Offered or Net Issue | 80,000 | 1,193,600 | 2,835,200 | 4,326,400 |
The shares subscribed by the public will be updated here.
Baba Food Processing IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Baba Food Processing Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | November 10, 2023 |
| Refunds Initiation | November 13, 2023 |
| Credit of Shares to Demat Account | November 15, 2023 |
| Share Listing Date | November 16, 2023 |
Baba Food Processing IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.Rs 72 to Rs 76
Baba Food Processing IPO Equity Size
This Initial Public Issue of 4,342,105 Equity Shares of Rs.10 each for cash at a price of Rs.Rs 72 to Rs 76 per equity share aggregating to Rs.3300 Lakh.
Baba Food Processing IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 4,342,105 Equity Shares of Rs.10/ each.
Issue Size: 4,342,105 Equity Shares of Rs.10 each, aggregating to Rs.3300 Lakh
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Baba Food Processing IPO – Live Performance
The listing date of this IPO is November 16, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Baba Food Processing Share Price |
Baba Food Processing IPO Grey Market Premium
The Baba Food Processing Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Baba Food Processing IPO – Company Overview
Their Company is primarily engaged in the business of manufacturing fibre Whole Wheat Atta (Wheat Flour), Refined Flour (Maida), Tandoori Atta and Semolina flour (Sooji). Their manufacturing unit is situated in Ranchi and houses two divisions namely, the high-fibre whole wheat atta division and the refined flour division.
Also, their Company manufactures high-fibre Whole Wheat Atta (Wheat Flour) in their whole wheat atta division and Refined Flour (Maida), Tandori Atta, and Semolina flour(Sooji) in their refined flour division. They also commercialise the by-product and waste material, i.e., wheat bran and other waste materials generated during their manufacturing process as cattle feed and fish feed, which makes their manufacturing unit a zero waste and zero discharge manufacturing unit.
Their manufacturing unit is equipped with an ultramodern highly automated Buhler’s Swiss Technology Pesa Mill for manufacturing of stoneless high fibre atta and also an ultra-modern highly automated Buhler’s Swiss Technology Roller Flour Mill with an installed capacity of 200 Tons per day.
Baba Food Processing IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Jun-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 6,980.33 | 6,811.54 | 5,467.80 | 4,583.95 |
| *Total Revenue | 4,138.75 | 18,964.17 | 9,756.30 | 10,769.55 |
| Total Expense | 3,862.34 | 18,266.32 | 9,475.13 | 10,460.07 |
| Profit After Tax | 192.29 | 503.44 | 201.26 | 198.14 |
Earnings per Equity Share (in Lakh)
| 30-Jun-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 1.60 | 4.20 | 4.19 | 4.13 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 503.44 Lakh, Rs. 201.26 Lakh and Rs. 198.14 Lakh respectively.
Baba Food Processing IPO – Promoters
The Promoter of this company is:
- YOGESH KUMAR SAHU
List of Related Parties (Key Managerial Personnel)
- Yogesh Kumar Sahu, Managing Director
- Rajesh Agrawal, Whole-time Director and Chief Financial Officer
- Binita Sahu, Non-Executive Non-Independent Director
Baba Food Processing IPO – Promoters Holding
- Pre-Issue Share Holding – 99.99%
- Post-Issue Share Holding – %
Baba Food Processing IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 4,342,105 Equity Shares aggregating up to Rs.[●] Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,20,00,003 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Baba Food Processing IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Investment in their 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 to as the “Project”);
- Funding purchase of machinery for manufacturing Chickpea Flour (Besan) and Roasted Gram Flour (Sattu) in their existing manufacturing unit in Ranchi;
- Funding working capital requirements of their Company;
- Prepayment or repayment of all or a portion of certain outstanding unsecured borrowings availed by their Company; and
- General Corporate Purposes
Baba Food Processing IPO – Business Strategy
- Setting up of an additional manufacturing unit to focus on the growing demand for their products
- Expand their existing product portfolio
- Diversifying and increasing penetration in markets
- Strengthen their brand value and create awareness for their new products
- Strengthen their marketing network
Baba Food Processing IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Diversified Product Basket
- Strong brand recall and established track record
- Existing client and supplier relationships
- Quality Assurance and Quality Control of their 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
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 4.20 | 20.14% | 20.83 |
| 31-Mar-22 | 4.19 | 10.08% | – |
| Mar-21 | 4.13 | 12.02% | – |
Baba Food Processing IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Revenue from Operations (Rs. in Lakhs) | |
| Baba Food Processing Limited | 10 | [●] | 4.20 | 20.14% | 18,953.95 |
| Listed Peers | |||||
| Megastar Foods Ltd | 10 | 30.62 | 10.08 | 21.88% | 30,420.31 |
Baba Food Processing IPO Lead Managers
| Lead Managers |
| Horizon Management Private Limited 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 Registrar to offer
| Registrar to the Offer |
| MAS Services Limited 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 – Other Details
- Statutory Auditor – Sumit Mohit & Company, Chartered Accountants
- Legal Counsel to the Company – T&S Law
- Bankers to the Company – Axis Bank Limited
Baba Food Processing IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Baba Food Processing Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Baba Food Processing IPO Review FAQs
Check out various FAQs related to Baba Food IPO:
What is the Issue Size of Baba Food IPO?
The Company is making an initial public offer of 4,342,105 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Baba Food Processing IPO?
The price band for this particular IPO ranges between Rs 72 to Rs 76. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Baba Food IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on November 3, 2023, while the closing date is set at November 7, 2023.
What is the Baba Food IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on November 10, 2023, refund initiation is on November 13, 2023, credit of shares is on November 15, 2023, and share listing date is on November 16, 2023.
What is the Baba Food Processing IPO Listing Date?
Shares of this company shall be listed in the exchanges on November 16, 2023. The date, when the listing would be done, is stagnant on November 16, 2023.
Who is the Registrar of Baba Food Processing IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. MAS Services Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Baba Food IPO?
Here are the promoters of this IPO – YOGESH KUMAR SAHU. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Baba Food IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are also included in this report.
Is Baba Food Processing IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Baba Food Processing Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 503.44, 2022 is 201.26, and 2021 is 198.14. PAT from Jun 2023 is 192.29.
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