Baba Food Processing (India) Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

03 Nov 2023

Close Date

07 Nov 2023

Allotment

10 Nov 2023

Listing Date

15 Nov 2023

Exchange

NSE SME

Price Band

₹76

Listing Price

See chart

Allotment Status

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Price Band

₹76

Per share

Face Value

₹10 per share

Lot Size

1,600 Shares

per lot

Issue Size

43,26,400 shares (aggregating up to ₹32.88 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹121,600

1 lot

Pre-IPO Holding

1,20,00,003 shares

Promoters

Post-IPO Holding

1,63,42,108 shares

Promoters

P/E (Post)

16.14x

EPS (Pre)

₹4.20

UPI Deadline

2023-11-07

Mandate

Anchor AllotmentThu, 02 Nov 2023

Basis of AllotmentFri, 10 Nov 2023

Refund InitiationMon, 13 Nov 2023

Demat CreditWed, 15 Nov 2023

Listing DayWed, 15 Nov 2023

UPI Mandate Deadline2023-11-07

Sale TypeFresh Capital

Net Offer to Public41,08,800 shares (aggregating up to ₹31.23 Cr)

Market Maker Quota2,17,600 shares (aggregating up to ₹1.65 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Baba Food Processing (India) Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 07 Nov 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	217,600	—	₹1.65
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	4,326,400	100%	₹32.88

IPO Shares Offered

Baba Food Processing (India) Ltd IPO total issue size: ₹32.88 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	217,600	₹1.65	5.03%
Total	4,326,400	₹32.88	100.00%

* Based on upper price band ₹76 per share

Lot Size & Investment

Lot Size

1,600

Shares per Lot

Issue Price

₹76.00

Upper Band

Min Investment

₹121,600

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	3,200	₹243,200
Retail (Max — 13 Lots)	13	20,800	₹1,580,800
S-HNI (Min — 14 Lots)	14	22,400	₹1,702,400
B-HNI (Min — 68 Lots)	68	108,800	₹8,268,800

* Issue Price ₹76 × Lot Size 1,600 shares

IPO Schedule

Anchor

02 Nov 2023

✓ Done

IPO Open

03 Nov 2023

✓ Done

IPO Close

07 Nov 2023

✓ Done

Allotment

10 Nov 2023

✓ Done

Refunds

13 Nov 2023

✓ Done

Demat Credit

15 Nov 2023

✓ Done

Listing Day

15 Nov 2023

✓ Done

₹76.00

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Issue ₹76.00 Live Price

About Baba Food Processing (India) Ltd

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.

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

Funding purchase of machinery for manufacturing Chickpea Flour (Besan) and Roasted Gram Flour (Sattu) in our existing manufacturing unit in Ranchi

Funding working capital requirements of our Company

Prepayment or repayment of all or a portion of certain outstanding unsecured borrowings availed by our Company

General corporate purposes

Baba Food Processing (India) Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹9,756.3

31 Mar 2022

₹18,964.2

31 Mar 2023

₹4,138.8

30 Jun 2023

Profit After Tax (PAT)

₹201.3

31 Mar 2022

₹503.4

31 Mar 2023

₹192.3

30 Jun 2023

Particulars	30 Jun 2023	31 Mar 2023	31 Mar 2022
Revenue from Operations	4138.75	18964.17	9756.30
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	192.29	503.44	201.26
Net Worth	2692.36	2499.97	1996.53
Total Assets	6980.33	6811.54	5467.80
Reserves & Surplus	1492.26	2019.97	1516.53
Borrowings	3250.94	3266.54	2766.60
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

20.14%

RoCE

15.81%

RoNW

20.14%

Issue Structure & Shareholding

Total Shares Offered43,26,400 (100.00%)

Net Offer to Public41,08,800 shares (aggregating up to ₹31.23 Cr)

Reserved for Market Maker2,17,600 shares (aggregating up to ₹1.65 Cr)

Pre-Issue Promoter Holding1,20,00,003 shares

Post-Issue Promoter Holding1,63,42,108 shares

P/BV RatioN/A

RoE20.14%

RoCE15.81%

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MAS Services Ltd.

(011) 2610 4142

info@masserv.com

https://www.masserv.com/opt.asp

Check Allotment

Book Running Lead Managers

Horizon Management Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Baba Food Processing (India) Ltd IPO subscribed? ▲

Baba Food Processing (India) Ltd IPO is subscribed 1.00 times by Nov 07, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Baba Food Processing (India) Ltd IPO retail subscription status? ▼

The Baba Food Processing (India) Ltd IPO retail category is subscribed 1.00 times as of 07 Nov 2023. The retail portion is oversubscribed.

How to subscribe Baba Food Processing (India) Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 03 Nov 2023 and closes 07 Nov 2023. Min investment: ₹121,600 (1 lot = 1,600 shares). UPI mandate: 2023-11-07.

How many times Baba Food Processing (India) Ltd IPO subscribed? ▼

The Baba Food Processing (India) Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Baba Food Processing (India) Ltd IPO allotment? ▼

Check allotment on the registrar website (MAS Services Ltd.) at https://www.masserv.com/opt.asp. Enter your PAN, application number or DP/Client ID. Allotment date: 10 Nov 2023. Refunds: on 13 Nov 2023.

When Baba Food Processing (India) Ltd IPO will be listed? ▼

The Baba Food Processing (India) Ltd IPO listing date is 15 Nov 2023, Wednesday. Listed on: NSE SME. Issue price: ₹76. Estimated listing: ₹76. GMP: NIL.

When Baba Food Processing (India) Ltd IPO close? ▼

The Baba Food Processing (India) Ltd IPO closes on 07 Nov 2023, Tuesday. UPI mandate: 2023-11-07. Allotment: 10 Nov 2023. Listing: 15 Nov 2023.

Quick Actions

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Live Price LIVE

Last Price₹76.00

Change—

Issue Price₹76.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹76

Face Value₹10

Lot Size1,600 Sh

Min. Amount₹121,600

GMPNIL

Est. Listing₹76

Subscribed1.00x

Open Date03 Nov 2023

Close Date07 Nov 2023

Allotment10 Nov 2023

Listing Date15 Nov 2023

ExchangeNSE SME

UPI Deadline2023-11-07