Baba Food Processing (India) Limited

Company Profile
Company Name Baba Food Processing (India) Limited
Open Date 03-11-2023
Close Date 07-11-2023
Exchange NSE SME
Lot Size 1,600 Shares
Issue Price ₹ 72 to ₹ 76 per share
Issue Size 4,342,105 shares
Application Amount ₹ 1,21,600
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply
Baba Food Processing (India) Limited was originally incorporated in the year 2015 and has its registered office in Ranchi, Jharkhand. 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 also commercialize the by-product and waste material, i.e., wheat bran and other waste materials generated during the manufacturing process as cattle feed and fish feed, which makes the manufacturing unit a zero waste and zero discharge manufacturing unit. As of 31st August 2023, the Company has 85 employees on its payroll.
(Read more on the review)

Summary of Financials (All financials in Lakh)

For the Period Ended Mar-22 Mar-23 Jun-23
Total Assets 5,467.81 6,811.54 6,980.34
Net Assets 1,996.53 2,499.97 2,692.26
Total Borrowings 2,766.60 3,266.55 3,250.94
Total Revenue 9,756.30 18,964.17 4,138.75
Profit After Tax 201.25 503.45 192.29

Tentative Timeline

Opening Date 03-11-2023
Closing Date 07-11-2023
Basis of Allotment 10-11-2023
Initiation of Refunds 13-11-2023
Credit of Shares to Demat 15-11-2023
Listing Date 16-11-2023

Objects of the Issue

Working Capital Requirements.
Investment in the wholly owned subsidiary.
Funding purchase of machinery.
Prepayment and repayment.
General Corporate Purpose.

Contact Information

Registered Office 6th Floor, Home Decor Building ,Opposite Durga Mandir, Ratu Road, Ranchi G.P.O., Ranchi – 834 001, Jharkhand, India
Phone +91 915 519 2834

Registrar Details

Name MAS Services Limited
Phone +91 112 638 7281/83, 4132 0335

IPO Reservation

Market Maker Shares Offered 217,600 (5.03%)
QIB Shares Offered 80,000 (1.85%)
NII (HNI) Shares Offered 1,193,600 (27.59%)
Retail Shares Offered 2,835,200 (65.53%)
Total Shares Offered 4,326,400 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoter) 99.99%
Share Holding Post Issue (Promoter) 42.85%

Contact Us to Enable Your Success!