Baba Food Processing IPO vs Sheetal Universal IPO

Comparison between Baba Food Processing IPO and Sheetal Universal IPO.

IPO Details

Baba Food Processing IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sheetal Universal IPO is a SME Fixed Price proposed to list at NSE SME.

	Baba Food Processing IPO	Sheetal Universal IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Fixed Price
Listing At	NSE SME	NSE SME
Lead Managers	Horizon Management Pvt.Ltd.	Beeline Capital Advisors Pvt.Ltd.
Registrar	MAS Services Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Nikunj Stock Brokers Ltd.	Spread X Securities Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Baba Food Processing IPO is up to ₹31.23 Cr whereas the issue size of the Sheetal Universal IPO is up to ₹22.60 Cr. The final issue price of Baba Food Processing IPO is ₹76.00 per share and of Sheetal Universal IPO is ₹70.00 per share.

	Baba Food Processing IPO	Sheetal Universal IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹72.00 per share
Issue Price (Upper)	₹76.00 per share
Issue Price (Final)	₹76.00 per share	₹70.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1600 shares	2000 shares
Fresh Issue Size	41,08,800 shares	32,28,000 shares
Fresh Issue Size (Amount)	up to ₹31.23 Cr	up to ₹22.60 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	41,08,800 shares	32,28,000 shares
Issue Size Total (Amount)	up to ₹31.23 Cr	up to ₹22.60 Cr

IPO Timetable

Baba Food Processing IPO opens on Nov 03, 2023, while Sheetal Universal IPO opens on Dec 04, 2023. The closing date of Baba Food Processing IPO and Sheetal Universal IPO is Nov 07, 2023, and Dec 06, 2023, respectively.

	Baba Food Processing IPO	Sheetal Universal IPO
Anchor Bid Date
Issue Open	Nov 03, 2023	Dec 04, 2023
Issue Close	Nov 07, 2023	Dec 06, 2023
Basis Of Allotment (Tentative)	Nov 10, 2023	Dec 07, 2023
Initiation of Refunds (Tentative)	Nov 13, 2023	Dec 08, 2023
Credit of Share (Tentative)	Nov 15, 2023	Dec 08, 2023
Listing date (Tentative)	Nov 15, 2023	Dec 11, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Baba Food Processing IPO P/E ratio is , as compared to Sheetal Universal IPO P/E ratio of 27.34.

Baba Food Processing IPO

Sheetal Universal IPO

Financials

Baba Food Processing India Limited Financial Information (Restated Consolidated)

Baba Food Processing India Limited's revenue increased by 94.38% and profit after tax (PAT) rose by 150.14% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,980.33	6,811.54	5,467.80	4,583.95
Total Income	4,138.75	18,964.17	9,756.30	10,769.55
Profit After Tax	192.29	503.44	201.26	198.14
Net Worth	2,692.36	2,499.97	1,996.53	1,648.95
Reserves and Surplus	1,492.26	2,019.97	1,516.53	1,168.95
Total Borrowing	3,250.94	3,266.54	2,766.60	2,325.45
Amount in ₹ Lakhs

Sheetal Universal Limited Financial Information (Restated Consolidated)

Sheetal Universal Limited's revenue increased by 230.49% and profit after tax (PAT) rose by 602.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Aug 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,370.03	2,804.02	1,602.82	1,272.15
Total Income	5,826.93	13,165.68	3,983.67	3,883.53
Profit After Tax	187.67	198.85	28.31	25.41
Net Worth	1,046.89	649.22	450.37	422.07
Reserves and Surplus	241.29	299.22	100.37	72.07
Total Borrowing	1,463.22	1,356.24	984.80	625.07
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99

Promoter Shareholding (Post-Issue)

66.81

P/E Ratio

27.34

Market Cap

₹124.20 Cr.

₹80.19 Cr.

ROE

20.14%

36.17%

ROCE

15.81%

21.59%

Debt/Equity

2.09

EPS

₹4.20

₹2.56

RoNW

20.14%

30.63%

Shares Offered

In the Baba Food Processing IPO Retail Individual Investors (RII) are offered 28,35,200 shares while in Sheetal Universal IPO retail investors are offered 28,35,200 shares. Qualified Institutional Buyers (QIB) are offered 80,000 shares in Baba Food Processing IPO and in Sheetal Universal IPO.

	Baba Food Processing IPO	Sheetal Universal IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,17,600 shares	1,72,000 shares
QIB	80,000 shares
NII	11,93,600 shares	16,14,000 shares
RII	28,35,200 shares	16,14,000 shares
Employee
Others
Total	41,08,800 shares	32,28,000 shares

Bids Received (Subscription)

Baba Food Processing IPO subscribed 69.44x in total, whereas Sheetal Universal IPO subscribed 179.20x.

	Baba Food Processing IPO	Sheetal Universal IPO
QIB (times)	147.02x
NII (times)	84.73x	212.55x
Big NII (times)
Small NII (times)
RII (times)	60.82x	129.73x
Employee (times)
Other (times)
Total (times)	69.44x	179.20x

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