Baba Food Processing is set to launch an IPO which will open on November 3, 2023, and close on November 7, 2023. Through this public offer company wants to raise Rs. 33 Crore from the primary market, Company fixed the price band of Rs. 76 with a minimum lot of 1600 shares, and listed on November 16, according to the preliminary papers filed to the capital market regulator SEBI.
About Baba Food Processing Company
Baba Food Processing India Limited (2015) is engaged in the business of manufacturing of high fiber whole wheat Atta, Refined flour, Tandori Atta, semolina flour, etc. the company use highly automated buhler’s swiss technology pesamill for manufacturing purposes.
“Panchakanya” is the famous brand of the company under which company market and sell Besan (chickpea Flour) and roased garm flour (sattu). The company has manufacturing unit in Ranchi and Patna and has over 1900 million turnovers.
Check out the IPO allotment status on IPO Deliver.
Baba Food Processing (India) IPO Object
- Investment in its subsidiary for setting up a manufacturing units
- Purchase of machinery for manufacturing unit
- To meet to the working capital need of the company
- Repayment or prepayment in part or full of unsecured borrowing
- General corporate purposes
Baba Food Processing (India) Strength
- Diversified product basket
- Strong brand recall and established good track
- Existing clients and supplier relations
- Well experienced management team
Baba Food Processing (India) Risk Factor
- As on date company have not taken any regulatory approval for the proposed manufacturing unit.
- Business operation limited to the Odisha, West Bengal, Jharkhand
- Depends on dealers, wholesalers and retailer for significance portion of revenue.
- Company has no long-term agreement with suppliers for raw material etc.
Baba Food Processing (India) IPO Review & Rating
| Issue Size (Rs.) | 33.00 Crore |
| Issue Price (Rs.) | 76 per share |
| Minimum Lot Size | 1600 share |
| Market Capitalization (Rs.) | 124.02 crore |
| Total Profit (March 2023) (Rs.) | 5.03 crore |
| RoCE (%) | 15.81 |
| NAV (Rs.) | 20.83 |
| Listing on | NSE (MSE) |
| IPO Deliver Rating | Long Term |
Baba Food Processing (India) IPO Dates, Price Band & Details
Baba Food Processing (India) IPO will open on November 3, 2023, and close on November 7, 2023. The IPO list on November 16, 2023.
| Type of issue | Book Built Issue IPO |
| Issue Size (Rs.) | 33.00 crore |
| Face Value (Rs.) | 10/- per share |
| IPO Open Date | 3 November, 2023 |
| IPO Close Date | 7 November, 2023 |
| IPO Allotment Date | 10 November, 2023 |
| Refund Date | 13 November, 2023 |
| Share Credit Date | 15 November, 2023 |
| Listing Date | 16 November, 2023 |
Baba Food Processing (India) IPO Offer
Baba Food Processing (India) IPO total issue size is 43,42,105 shares which comprises below mentioned categories.
| Offer Category | Shares Offer | Amount (Rs.) |
| Fresh Issue | 43,42,105 | 33.00 Crore |
| Offer for Sale (OFS) | – | – |
Baba Food Processing (India) Financials Review (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 18,964.17 | 9,756.30 | 10,769.55 |
| Net Worth | 2,499.97 | 1,996.53 | 1,648.95 |
| Profit | 503.44 | 201.26 | 194.14 |
| Total Borrowings | 3,266.54 | 2,766.60 | 2,325.45 |
Baba Food Processing (India) IPO Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 4.20 | 4.19 | 4.13 |
| RoNW (%) | 20.14% | 10.08% | 12.02% |
| NAV (Rs.) | 20.83 | – | – |
Baba Food Processing (India) IPO Peer Comparison (Top 2)
Comparison with the other same segment listed companies in India.
| Company Names | EPS (Rs.) | RoNW (%) | NAV (Rs.) |
| Mega Star Food | 10.08 | 21.88 | 46.07 |
Baba Food Processing (India) Company Promoters
As per the DRHP and RHP, the company has one Promoter.
| Serial No. | Name |
| 01. | Yogesh Kumar Sahu |
Baba Food Processing (India) Pre-offer and Post-Offer Promoters Shareholding
| Promoter and promoter group Shareholding | Percentage (%) |
| Pre-Issue | 99.99 |
| Post- Issue | …… |
.
Baba Food Processing (India) IPO Reservation
Baba Food Processing (India) IPO total reservation of 43,42,105 shares, distributed between the below-mentioned categories.
| Category | No. of Shares |
| QIB Shares Offered | Not more than 2% of issue |
| RII Shares Offered | Not less than 69% of issue |
| NII Shares Offered | Not less than 29% of issue |
Baba Food Processing (India) IPO – Market Lot Size
An individual investor can apply for a minimum of 1 lot of 1600 Shares and a maximum of 1 lot of 1600 shares. Market lot sizes for retail investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail Minimum | 1 | 1600 | 1,21,600 |
| Retail Maximum | 1 | 1600 | 1,21,600 |
Baba Food Processing (India) IPO – Prospectus
An investor can download/view the Baba Food Processing (India) Limited prospectus copy, which was filed by the company to SEBI, details are as follows.
| Baba Food Processing (India) IPO Prospectus | Download/View Links |
| Draft Red Herring Prospectus (DRHP) | Click here |
| Red Herring Prospectus (RHP) | Click here |
Baba Food Processing (India) IPO Registrar
MSA Services Limited
Tel No.: 011-2610 4142
E-Mail: info@masserv.com
Website: www.masserv.com
Baba Food Processing (India) IPO lead manager
Horizontal Management Private Limited
Tel No.: +91 33 4600 0607
E-Mail: sme.ipo@horizons.net.co
Website: www.horionmanagment.in
Baba Food Processing (India) IPO Application (How to Apply for an IPO)
There are primary four options for applying for a Baba Food Processing (India) IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Baba Food Processing (India) Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked till the allotment date and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Baba Food Processing (India) Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or get refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Option – 4 Apply for IPO through Stock Exchanges
NSE Form – Click to download
BSE Form – Click to download
Submit the form with your bank/broker.
Baba Food Processing (India) Company Details
Baba Food Processing (India) Limited (2015)
Registered Office: 6th Floor, Home Decor Building, Opposite Durga Mandir, Ratu Road, Ranchi G.P.O., Ranchi – 834001, Jharkhand, India
Tel: +91-9155192834
Email: cs@babafood.in
Website: www.babafood.in
Investor Grievances/Compliance Officer: Ashana Vij
Baba Food Processing (India) Subsidiary Companies (Top 2)
| Serial No. | Name of Companies |
| 01. | Panchakanya Food Pvt. Ltd. |
| 02. | – |
Baba Food Processing (India) Company Board (Top 2)
| Serial No. | Name of Directors |
| 01. | Yogesh Kumar Sahu |
| 02. | Rajesh Aggarwal |
Baba Food Processing (India) IPO – Frequently Asked Questions (FAQ’s)
Q-1 What is Baba Food Processing (India) IPO?
Ans: Baba Food Processing (India) brings its SME IPO of Rs. 33 Crore, on November 3, 2023, with a price band of Rs. 76 per share.
Q-2 what is Baba Food Processing (India) IPO Open date?
Ans: Baba Food Processing (India) IPO opening date is November 3, 2023.
Q-3 what is Baba Food Processing (India) IPO Close date?
Ans: Baba Food Processing (India) IPO closing date is November 7, 2023.
Q-4 What is Baba Food Processing (India) IPO Listing date?
Ans: Baba Food Processing (India) IPO listing date is November 16, 2023.
Q-5 What is Baba Food Processing (India) IPO Minimum investment amount?
Ans: Baba Food Processing (India) IPO minimum investment amount is Rs. 1,21,600
Q-6 What is Baba Food Processing (India) IPO offer issue Size?
Ans: Baba Food Processing (India) offer an issue size of Rs. 33 Crores.
Q-7 What is Baba Food Processing (India) IPO Price Band?
Ans: Baba Food Processing (India) IPO price band is Rs 76 per share.
Q-8 Is Baba Food Processing (India) IPO mainboard IPO or SME IPO?
Ans: Baba Food Processing (India) IPO is the SME IPO.
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