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Baba Food Processing IPO

Baba Food Processing India IPO

  • Status: Closed
  • RHP:
  • ₹ 115,200 / 1600 shares

    Minimum Investment

IPO Details

  • Open Date

    03 Nov 2023

  • Close Date

    07 Nov 2023

  • IPO Price Range

    ₹ 72 to ₹ 76

  • IPO Size

    ₹ 33 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    16 Nov 2023

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IPO Timeline

Baba Food Processing India IPO Subscription Status

Last Updated: 03 January 2024 8:57 PM by 5Paisa

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.

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

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


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. 
 

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FAQs

The minimum lot size of Baba Food Processing IPO is 1600 shares and the investment required is ₹1,15,200.

The price for Baba Food Processing IPO is ₹72 to ₹76 per share. 

Baba Food Processing IPO opens from 3rd November to 7th November 2023.
 

The size of Baba Food Processing IPO is ₹33 cr. 

The share allotment date of Baba Food Processing IPO is 10th November 2023.

The Baba Food Processing IPO will be listed on 16th November 2023.

Horizon Management Private Limited is the book-running lead manager for 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.
 

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.