Mother Nutri Foods IPO Details

Bookbuilding IPO | ₹40 Cr | Listed at BSE SME | Wed, Nov 26, 2025 - Fri, Nov 28, 2025

Mother Nutri Foods IPO Logo

Mother Nutri Foods IPO is a book build issue of ₹39.59 crores. The issue is a combination of fresh issue of 0.27 crore shares aggregating to ₹31.67 crores and offer for sale of 0.07 crore shares aggregating to ₹7.92 crores.

Mother Nutri Foods IPO bidding started from Nov 26, 2025 and ended on Nov 28, 2025. The allotment for Mother Nutri Foods IPO was finalized on Dec 1, 2025. The shares got listed on BSE SME on Dec 3, 2025.

Mother Nutri Foods IPO price band is set at ₹117 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,80,800 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹4,21,200.

Marwadi Chandarana Intermediaries Brokers Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Mansi Share & Stock Broking Pvt.Ltd..

Refer to Mother Nutri Foods IPO RHP for detailed Information.

IPO Open

Wed, Nov 26, 2025

IPO Close

Fri, Nov 28, 2025

Issue Price

₹117 per share

Market Cap (Pre-IPO)

₹146.66 Cr

IPO Details

IPO Date26 to 28 Nov, 2025
Listed onWed, Dec 3, 2025
Face Value10 per share
Price Band₹111 to ₹117
Issue Price₹117 per share
Lot Size1,200 Shares
Sale TypeFresh capital cum OFS
Issue TypeBookbuilding IPO
Listing AtBSE SME

Total Issue Size33,84,000 shares
(agg. up to ₹40 Cr)
Reserved for Market Maker
2,43,600 shares
(agg. up to ₹3 Cr)
Mansi Share & Stock Broking Pvt.Ltd.
Fresh Issue
(Ex Market Maker)
24,63,600 shares
(agg. up to ₹29 Cr)
Offer for Sale6,76,800 shares of ₹10
(agg. up to ₹8 Cr)
Net Offered to Public31,40,400 shares
(agg. up to ₹37 Cr)
Share Holding Pre Issue98,27,820 shares
Share Holding Post Issue1,25,35,020 shares
BSE Script Code 544623
ISININE0UH001016

IPO Timetable

Issue Reservation

Mother Nutri Foods IPO comprises a total issue size of 33,84,000 shares. The net offer to the public is 31,40,400 shares, after excluding 2,43,600 shares allotted on a firm basis. Of the Net offer 15,69,600 (49.98%) are allocated to QIB, 4,71,600 (15.02%) allocated to NII 10,99,200 (35.00%) allocated to RII.

Investor Category Shares Offered % of Net Issue% of Total Issue
QIB Shares Offered 15,69,60049.98%46.38%
  − Anchor Investor Shares Offered 9,39,60027.77%
  − QIB (Ex. Anchor) Shares Offered 6,30,00018.62%
NII (HNI) Shares Offered 4,71,60015.02%13.94%
  − bNII > ₹10L 3,13,2009.26%
  − sNII < ₹10L 1,58,4004.68%
Retail Shares Offered 10,99,20035.00%32.48%
Firm Reservations
Market Maker Shares Offered 2,43,6007.20%
Total Shares Offered 33,84,000100.00%100.00%

IPO Lot Size

Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof. 

Application Lots Shares Amount
Individual investors (Retail) (Min) 2 2,400 ₹2,80,800
Individual investors (Retail) (Max) 2 2,400 ₹2,80,800
S-HNI (Min) 3 3,600 ₹4,21,200
S-HNI (Max) 7 8,400 ₹9,82,800
B-HNI (Min) 8 9,600 ₹11,23,200
IPO Subscription Details

IPO Anchor Investors

Mother Nutri Foods IPO raises ₹10.99 crore from anchor investors. Mother Nutri Foods IPO Anchor bid date is November 25, 2025.
📝 Anchor Investors Letter (PDF)

Bid DateTue, Nov 25, 2025
Shares Offered9,39,600
Anchor Portion (₹ Cr.)10.99
Anchor lock-in period end date for 50% shares (30 Days)Wed, Dec 31, 2025
Anchor lock-in period end date for remaining shares (90 Days)Sun, Mar 1, 2026

About Mother Nutri Foods Ltd.

Incorporated in 2022, Mother Nutri Foods Limited is a B2B peanut butter manufacturer offering more than 10 flavours and over 5 variants of peanut butter.

The company markets its products under the brand “Spread & Eat”, which is sold in international markets such as Libya, Dubai, and more recently in Japan.

Alongside its own brand, the company undertakes private labelling for domestic and international clients, supplying hypermarkets, supermarkets, and retail chains.

Its private label customer base spans multiple countries, including the United Kingdom, Canada, South Africa, Mauritius, Russia, British Virgin Islands, Spain, United Arab Emirates, Saudi Arabia, Nepal, Bangladesh, the Philippines, Mexico, Kuwait, Israel, the United States, Oman, Kenya, Germany, and Portugal.

The company operates a single manufacturing facility located at Mahuva, Bhavnagar, Gujarat, India, and as of July 31, 2025, employs 41 personnel, including its Directors.

Company Financials (Restated)

Mother Nutri Foods Ltd.'s revenue increased by 12% and profit after tax (PAT) rose by 35% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets83.6770.8647.7843.99
Total Income50.4790.4881.0576.26
Profit After Tax5.326.474.771.13
EBITDA7.4410.228.482.92
NET Worth30.4524.8910.445.66
Reserves and Surplus20.5419.905.901.13
Total Borrowing30.5322.8125.4323.37
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Setting up a new manufacturing facility located at Mahuva, Bhavnagar in Gujarat (“Proposed facility”) 23.19
2 General Corporate Purposes 5.94

Key Performance Indicator (KPI)

KPIMar 31, 2025
ROE36.64%
ROCE20.63%
RoNW26%
PAT Margin7.17%
EBITDA Margin11.32%
Price to Book Value2.30
Pre IPOPost IPO
EPS (₹)6.588.48
P/E (x)17.7813.8
Promoter Holding90.98%65.93%
Market Cap146.66 Cr.
Chintan Rajnikant Thakar, Umeshbhai Kantilal Sheth, Rajnikant Indubhai Thakar, Parth Umeshkumar Sheth, Naynaben Rajnikant Thakar and Vandnaben U Sheth are the company promoters.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2025 available in RHP.

IPO Review

[Dilip Davda]
MNFL is engaged in the manufacturing and marketing of peanut butter on a B2B model. It posted growth in its top and bottom lines for the reported periods, but the sudden boost in its bottom lines from FY24 onwards is surprising. It has on an average over 97% revenue from private labeling business, which includes around 68% domestic and the rest international. Based on its recent financial data, the issue appears fully priced. Well-informed investors may park funds for medium to long term.
Read detail review...

Mother Nutri Foods IPO Recommendations

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Mother Nutri Foods IPO Subscription Status (Bidding Detail)

The Mother Nutri Foods IPO is subscribed 15.92 times on November 28, 2025 6:19:33 PM (Day 3). The public issue subscribed 11.31 times in the individual investors category, 10.10 times in the QIB category, and 34.41 times in the NII category. Check Day by Day Subscription Details (Live Status)

Category Subscription (times) Shares Offered Shares bid for Total Application
QIB (Ex Anchor)10.106,30,00063,62,4000
NII* 34.414,71,6001,62,27,6000
    bNII (bids above ₹10L)43.343,13,2001,35,75,600
    sNII (bids below ₹10L)16.741,58,40026,52,000
Individual Investor11.3110,99,2001,24,36,8000
Total15.9222,00,8003,50,26,8007,073

Total Application : 7,073

*Market Maker portion is not included to NII/HNI.

IPO Expenses

# Issue Expenses Est Amt (₹ Cr.)
1 BRLM fees (including underwriting, brokerage and selling commission) 1.04
2 Commission / processing fee for SCSBs, Sponsor Bank and Bankers to the Issue. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs. 0.03
3 Fees payable to Registrar to the Issue 0.01
4 Fees payable to auditors 0.04
5 Fees payable to Market Maker 0.10
6 Listing fees, SEBI Fees, upload fees, NSE, book building software fees and other regulatory expenses 0.15
7 Printing and Stationery 0.01
8 Advertising and Marketing expenses 0.93
9 Fees payable to Legal Advisors to the Issue 0.03
10 Miscellaneous (including Auditors, consultants, fees payable for marketing & distribution and other professional agencies) 0.85

Listing Day Trading Information

Price DetailsBSE SME
Final Issue Price117.00
Open118.40
Low118.40
High124.30
Last Trade124.30

Check IPO Performance…

IPO Registrar

Bigshare Services Pvt.Ltd.

Contact Details

Mother Nutri Foods Ltd. Address
Survey No 276/1
Opp. Petrol Pump Mahuva-Bhavnagar Road
At Otha, Mahuva
Bhavnagar, Gujarat, 364295
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IPO FAQs

Mother Nutri Foods IPO is a SME IPO of 33,84,000 equity shares of the face value of ₹10 aggregating up to ₹40 Crores. The issue is priced at ₹117 per share. The minimum order quantity is 1200.

The IPO opens on Wed, Nov 26, 2025, and closes on Fri, Nov 28, 2025.

Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Mother Nutri Foods IPO using UPI as a payment gateway. Zerodha customers can apply in Mother Nutri Foods IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Mother Nutri Foods IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Mother Nutri Foods IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Mother Nutri Foods IPO opens on Wed, Nov 26, 2025 and closes on Fri, Nov 28, 2025.

Mother Nutri Foods IPO lot size is 1200, and the minimum amount required for application is ₹2,80,800, with 2 lots being the minimum application size.

You can apply in Mother Nutri Foods 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 Mother Nutri Foods IPO will be done on Monday, December 1, 2025, and the allotted shares will be credited to your demat account by Tue, Dec 2, 2025. Check the Mother Nutri Foods IPO allotment status.

The Mother Nutri Foods IPO listing date is on Wed, Dec 3, 2025.

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