Baba Food Processing IPO GMP, Details, Date, Price, Allotment 2023

Baba Food Processing IPO description – Baba Food Processing India Limited is coming up with its Initial public offering. The IPO will be open for subscription on November 3, 2023

 

 

Baba Food Processing IPO – Details

 

IPO Open Date 03 November 2023
IPO ClosE Date 07 November 2023
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹72 – ₹76
Market Lot 1600 Shares
Minimum Order 1600 Shares (1 Lot)
Listing At NSE SME
Register Mas Services Limited

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Baba Food Processing IPO – Date Schedule

 

IPO Open Date 3 November 2023
IPO Close Date 7 November 2023
Basis of Allotment Finalization  10 November 2023
Refunds Initiation  13 November 2023
Transfer of shares to demat accounts 15 November 2023
IPO Listing Date 16 November 2023

 

Baba Food Processing IPO GMP, Details, Date, Price, Allotment 2023

Baba Food Processing IPO- about company 

 

Baba Food Processing is an agro-food manufacturing company. The Company is primarily engaged in the business of manufacturing high fibre Whole Wheat Atta (Wheat Flour), Refined Flour (Maida), Tandoori Atta and Semolina flour (Sooji).

The company’s manufacturing unit is situated 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.

 

Baba Food Processing IPO- industry overview 

 

The fast-moving consumer goods (FMCG) sector is India’s fourth-largest sector and has been expanding at a healthy rate over the years as a result of rising disposable income, a rising youth population, and rising brand awareness among consumers. With household and personal care accounting for 50% of FMCG sales in India, the industry is an important contributor to India’s GDP.

India is a country that no FMCG player can afford to ignore due to its middle-class population which is larger than the total population of the USA. The Indian FMCG market continues to rise as more people start to move up the economic ladder and the benefits of economic progress become accessible to the general public. More crucially, with a median age of just 27, India’s population is becoming more consumerist due to rising ambitions. This has been further aided by government initiatives to increase financial inclusion and establish social safety nets.

 

Baba Food Processing Financial Performance

 

  FY 2021 FY 2022 FY 2023 Q1 FY 2024
Revenue 106.55 97.11 189.54 41.35
Expenses 104.60 94.75 182.66 38.62
Net income 1.98 2.01 5.03 1.92

Figures in INR Crores

 

Baba Food Valuations & Margins

 

FY 2021 FY 2022 FY 2023
EPS 4.13 4.19 4.20
PE ratio 17.14 – 18.10
RONW (%) 12.028 10.08 20.14
NAV 34.35 41.59 20.83
ROCE (%) 10.46 8.41 15.81
EBITDA (%) 5.31 5.47 5.84
Debt/Equity 1.40 1.33 1.13

 

Baba Food Processing IPO Prospectus

 

 

 

Baba Food Processing IPO GMP, Details, Date, Price, Allotment 2023

Baba Food Processing IPO -Competitive Strengths

 

  • 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.

 

Object 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;
  • Funding purchase of machinery for manufacturing Chickpea Flour (Besan) and Roasted Gram Flour (Sattu) in the existing manufacturing unit in Ranchi;
  • Funding working capital requirements of the Company;
  • Prepayment or repayment of all or a portion of certain outstanding unsecured borrowings availed by the Company; and
  • General Corporate Purpose.

 

Baba Food Processing IPO GMP Today

 

Date IPO GMP Kostak Subject to Sauda
 2 October 2023 27 29,000

 

Baba Food Processing IPO Allotment Status

Baba Food Processing IPO allotment status will be available on Mas Services’ website. Click on Mas Services IPO weblink to get allotment status.

Mish Designs IPO – Lots Size & Price

 

Application Lots Shares Amount ( Cut-Off)
Retail (Min) 1 1600 1,21,600
Retail (Max) 1 1600 1,21,600
HNI (Min) 2 3200 2,43,200

 

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