Bookbuilding IPO | ₹33 Cr | Listed at NSE SME | Fri, Nov 3, 2023 - Tue, Nov 7, 2023
Baba Food Processing IPO is a book build issue of ₹32.88 crores. The issue is entirely a fresh issue of 0.43 crore shares of ₹32.88 crore.
Baba Food Processing IPO bidding started from Nov 3, 2023 and ended on Nov 7, 2023. The allotment for Baba Food Processing IPO was finalized on Nov 10, 2023. The shares got listed on NSE SME on Nov 15, 2023.
Baba Food Processing IPO price band is set at ₹76 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,21,600 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,43,200.
Horizon Management Pvt.Ltd. is the book running lead manager and MAS Services Ltd. is the registrar of the issue. The Market Maker of the company is Nikunj Stock Brokers Ltd..
Refer to Baba Food Processing IPO RHP for detailed Information.
IPO Open
Fri, Nov 3, 2023
IPO Close
Tue, Nov 7, 2023
Issue Price
₹76 per share
Market Cap (Pre-IPO)
₹124.20 Cr
| IPO Date | 3 to 7 Nov, 2023 |
| Listed on | Wed, Nov 15, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹72 to ₹76 |
| Issue Price | ₹76 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 43,26,400 shares (agg. up to ₹33 Cr) |
| Reserved for Market Maker | 2,17,600 shares Nikunj Stock Brokers Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 41,08,800 shares (agg. up to ₹31 Cr) |
| Net Offered to Public | 41,08,800 shares (agg. up to ₹31 Cr) |
| Share Holding Pre Issue | 1,20,00,003 shares |
| Share Holding Post Issue | 1,63,42,108 shares |
| NSE Symbol | BABAFP |
| ISIN | INE0QW501012 |
Baba Food Processing IPO comprises a total issue size of 43,26,400 shares. The net offer to the public is 41,08,800 shares, after excluding 2,17,600 shares allotted on a firm basis. Of the Net offer 80,000 (1.95%) are allocated to QIB, 11,93,600 (29.05%) allocated to NII 28,35,200 (69.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 80,000 | 1.95% | 1.85% |
| NII (HNI) Shares Offered | 11,93,600 | 29.05% | 27.59% |
| Retail Shares Offered | 28,35,200 | 69.00% | 65.53% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,17,600 | 5.03% | |
| Total Shares Offered | 43,26,400 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,21,600 |
| Retail (Max) | 1 | 1,600 | ₹1,21,600 |
| HNI (Min) | 2 | 3,200 | ₹2,43,200 |
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
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 69.80 | 68.12 | 54.68 | 45.84 |
| Total Income | 41.39 | 189.64 | 97.56 | 107.70 |
| Profit After Tax | 1.92 | 5.03 | 2.01 | 1.98 |
| NET Worth | 26.92 | 25.00 | 19.97 | 16.49 |
| Reserves and Surplus | 14.92 | 20.20 | 15.17 | 11.69 |
| Total Borrowing | 32.51 | 32.67 | 27.67 | 23.25 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | 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 |
| 2 | Funding purchase of machinery for manufacturing Chickpea Flour (Besan) and Roasted Gram Flour (Sattu) in our existing manufacturing unit in Ranchi | 3.66 |
| 3 | Funding working capital requirements of our Company | 2.50 |
| 4 | Prepayment or repayment of all or a portion of certain outstanding unsecured borrowings availed by our Company | 2.00 |
| 5 | General corporate purposes | 0.23 |
| KPI | |
|---|---|
| ROE | 20.14% |
| ROCE | 15.81% |
| RoNW | 20.14% |
| PAT Margin | 2.65% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.20 | |
| P/E (x) | 16.14 | |
| Promoter Holding | 99.99% | |
| Market Cap | ₹124.20 Cr. |
The Baba Food Processing IPO is subscribed 69.44 times on November 7, 2023 7:29:00 PM (Day 3). The public issue subscribed 60.82 times in the retail category, 147.02 times in the QIB category, and 84.73 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 147.02 | 80,000 | 1,17,61,600 |
| NII* | 84.73 | 11,93,600 | 10,11,39,200 |
| Retail | 60.82 | 28,35,200 | 17,24,24,000 |
| Total | 69.44 | 41,08,800 | 28,53,24,800 |
Total Application : 1,07,765
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees and payment to other Intermediaries such as Legal Advisors to the IPO, Registrars and other out of pocket expenses. | 0.57 |
| 2 | Marketing and Selling Commission and expenses | 3.30 |
| 3 | Advertising and marketing expenses | 0.10 |
| 4 | Printing and distribution of issue stationery | 0.01 |
| 5 | Listing fees | 0.01 |
| 6 | SEBI and NSE processing fees | 0.00 |
| 7 | Book Building software fees | 0.04 |
| 8 | Other regulatory expenses | 0.14 |
| 9 | Miscellaneous | 0.04 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹76.00 |
| Open | ₹76.00 |
| Low | ₹72.20 |
| High | ₹76.00 |
| Last Trade | ₹72.20 |
Lead Manager Reports
Baba Food Processing IPO is a SME IPO of 43,26,400 equity shares of the face value of ₹10 aggregating up to ₹33 Crores. The issue is priced at ₹76 per share. The minimum order quantity is 1600.
The IPO opens on Fri, Nov 3, 2023, and closes on Tue, Nov 7, 2023.
MAS Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Baba Food Processing IPO using UPI as a payment gateway. Zerodha customers can apply in Baba Food Processing IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Baba Food Processing IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Baba Food Processing IPO opens on Fri, Nov 3, 2023 and closes on Tue, Nov 7, 2023.
Baba Food Processing IPO lot size is 1600, and the minimum amount required for application is ₹1,21,600.
You can apply in Baba Food Processing IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Baba Food Processing IPO will be done on Friday, November 10, 2023, and the allotted shares will be credited to your demat account by Wed, Nov 15, 2023. Check the Baba Food Processing IPO allotment status.
The Baba Food Processing IPO listing date is on Wed, Nov 15, 2023.
