Baba Food Processing (India) Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 80,000 (2%) | — | ₹6 Cr |
| NII (HNI) | — | 1,193,600 (28%) | — | ₹907 Cr |
| Retail | — | 2,835,200 (66%) | — | ₹2,155 Cr |
| Market Maker | — | 217,600 (5%) | — | ₹17 Cr |
| Σ Total | — | 4,326,400 (100%) | — | ₹32,881 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹121,600 |
| Retail (Max) | 13 | 20,800 | ₹1,580,800 |
| S-HNI (Min) | 14 | 22,400 | ₹1,702,400 |
| B-HNI (Min) | 67 | 107,200 | ₹8,147,200 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 4,139 | 18,964 | 9,756 |
| Profit After Tax | 192 | 503 | 201 |
| Net Worth | 2,692 | 2,500 | 1,997 |
| Total Assets | 6,980 | 6,812 | 5,468 |
| Reserves & Surplus | 1,492 | 2,020 | 1,517 |
| Total Borrowing | 3,251 | 3,267 | 2,767 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Investment in 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 – 20.30
- Funding purchase of machinery for manufacturing Chickpea Flour (Besan) and Roasted Gram Flour (Sattu) in our existing manufacturing unit in Ranchi – 3.66
- Funding working capital requirements of our Company – 2.50
- Prepayment or repayment of all or a portion of certain outstanding unsecured borrowings availed by our Company – 2.00
- General corporate purposes – 0.23
Company Overview
Incorporated in April 2015, Baba Food Processing is an agro-food manufacturing company. The company has established its footprints in branded consumer as well as bulk food markets producing wheat floor products. The company manufactures wide range of products including Whole Wheat Atta (Wheat Flour), Refined Flour (Maida), Tandoori Atta and Semolina flour (Sooji).
The company owns a manufacturing unit in Nagri, Ranchi and plans to set up another unit in Patna Bihar. The company employes more than 120 people and has annual sales of 1900 million.
The core strength of the company lies in the following
- Extensive distribution network and presence in various retail channels.
- Wide range of products such as Whole Wheat Atta (Wheat Flour), Refined Flour (Maida), Tandori Atta and Semolina flour (Sooji), to address a large consumer base.
- Strong Client and supplier relationship.
- Quality Assurance and Quality Control of our products.