Baba Food Processing was incorporated on 22 April 2015 and is primarily engaged in manufacturing high-fibre whole wheat atta, refined maida, tandoori atta, and semolina (sooji).
| Bidding Dates |
|---|
| 03 Nov 2023 - 07 Nov 2023 |
| Subscription |
|---|
| 66x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,21,600 | 1 | 1 | 1600 | 4.3 M | ₹72 - ₹76 | 73.43 % | ₹312.6 M - ₹330.0 M | RHP DOC |
Baba Food Processing IPO SUBSCRIPTION STATUS
07 Nov '23Baba Food Processing IPO overall subscription rate was 66 times the total available shares
Baba Food Processing IPO retail subscription rate was 137.43 times in the retail segment
Baba Food Processing IPO non-institutional investor subscription rate was 33.95 times in the non-institutional investor category
Baba Food Processing IPO Qualified Institutional Bidder subscription rate was 135.93 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 29% | 69% | 2% |
07 Nov 2023 (Day 3) | 137.43x | 33.95x | 135.93x |
06 Nov 2023 (Day 2) | 43.03x | 2.27x | 1.83x |
03 Nov 2023 (Day 1) | 8.4x | 0.52x | 1.53x |
Baba Food Processing FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| Q1FY24 | 19.2 | 413.5 | -34.0 | -40.1 | 9.2% |
| FY23 | 50.3 | 1,895.4 | 4.0 | -32.1 | 5.8% |
| FY22 | 20.1 | 971.1 | -80.3 | -82.5 | 5.5% |
| FY21 | 19.8 | 1,065.5 | 85.8 | 85.5 | 5.3% |
Baba Food Processing IPO SUBSCRIPTION STATUS DETAILS
Baba Food Processing had 4.3 M shares on offer
Baba Food Processing IPO offer price was in the range ₹72 - ₹76
Baba Food Processing IPO minimum Investment was ₹121600
Baba Food Processing IPO issue size was ₹ 312.6 M - ₹ 330.0 M
Baba Food Processing had a minimum lot size of 1600 Shares per application
Baba Food Processing NUMBER OF SHARES ON OFFER
Baba Food Processing IPO IMPORTANT DATES
| Issue Open Date | 03 Nov 2023 |
| Issue close Date | 07 Nov 2023 |
| Allotment Date | 10 Nov 2023 |
| Refund Date | 13 Nov 2023 |
| Demat Account Credit Date | 15 Nov 2023 |
| Listing Date | 15 Nov 2023 |
| Listing on Exchange(s) | NSE |
| Baba Food Processing Allotment Status | Exchange |
Baba Food Processing IPO subscription opened on 03 Nov 2023, and closed on 07 Nov 2023
IPO allotment for Baba Food Processing was finalized on Friday, 10 Nov 2023
IPO listing for Baba Food Processing was on NSE on Wednesday, 15 Nov 2023
Baba Food Processing IPO LISTING GAINS
| Issue Price (adjusted) | 76.0 |
| Listing Open Price | 76.0 |
| Listing Close Price | 72.2 |
| Listing Gain% | 0.0% |
| Current Gain% | -67.1% |
Baba Food Processing Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Baba Food Processing (India) Ltd. | 25 | 40.9 | 9.5 | -0.3 | 0.2 | 6.8 | 3.4 | 207 | 12 | 4.3 | -30 | 2.6 | -29.9 |
| Varun Beverages Ltd. | 442 | 149504.9 | 44.2 | 2.3 | 6.2 | 15.5 | 11.9 | 22037.7 | 9.5 | 3036.5 | 17 | 10 | 18.9 |
| EID Parry (India) Ltd. | 805.1 | 14327.2 | 25.2 | -0.7 | 0.4 | 6.5 | 1.9 | 38883.4 | 21.6 | 569.5 | -35.2 | 32 | -35.2 |
| Avanti Feeds Ltd. | 906.6 | 12351.3 | 20.4 | 1.4 | 2 | 18.4 | 14.2 | 6276.5 | 8.6 | 606.1 | 14.6 | 44.5 | 14.6 |
| Manorama Industries Ltd. | 1636.2 | 10328.1 | 48.1 | 0.2 | 7.6 | 32 | 18.1 | 1377.1 | 73.9 | 214.9 | 95.8 | 34.1 | 204.8 |
| Sanstar Ltd. | 113.4 | 2066.8 | 60 | -2.8 | 2.6 | 5 | 4.3 | 796.4 | -18 | 34.4 | -21.3 | 1.9 | -21.3 |
Baba Food Processing INFORMATION ON IPO ISSUE
About Baba Food Processing
Baba Food Processing was incorporated on 22 April 2015 and is primarily engaged in manufacturing high-fibre whole wheat atta, refined maida, tandoori atta, and semolina (sooji).
Object of the Issue
- Investment in the wholly owned subsidiary, Panchakanya Foods, for the establishment of a manufacturing unit in Patna, Bihar, which will comprise an ultra-modern, highly automated roller flour mill and a chakki whole wheat atta mill.
- Funding the purchase of machinery for the production of chickpea flour (besan) and roasted gram flour (sattu) at the existing manufacturing unit in Ranchi.
- Funding the working capital requirements of the company.
- Prepayment or repayment of all or a portion of certain outstanding unsecured borrowings availed by the company.
- Allocation for general corporate purposes.
Baba Food Processing - PROMOTERS
| Name |
|---|
| Yogesh Kumar Sahu |
Baba Food Processing Lead Manager of the Issue
Horizon Management Private Limited
smeipo@horizon.net.co
Baba Food Processing Registrar to the issue
MAS Services Limited
info@masserv.com
Baba Food Processing Strengths
Widespread distribution network
The company has engaged a number of dealers, wholesalers, and retailers to ensure easy product availability to its customers, an efficient supply chain, focused customer service, as well as short turnaround times
Diversified product basket
The company has a diversified product portfolio, which includes a wide range of flours such as whole wheat atta (wheat flour), refined flour (maida), tandoori atta, and semolina (sooji), thereby effectively addressing a large consumer base
Strong brand recall
The reputation and the quality of its products have enabled the company to establish brand equity for the products marketed under the brand names 'Panchakanya' and 'Bhajan'
Baba Food Processing Risks
Contingent liabilities
The company has certain contingent liabilities, which, if materialized, could adversely affect its financial condition and profitability
Competitive business
The company operates in a competitive business environment, and its inability to compete effectively may adversely impact its business, operational results, financial condition, and cash flows
Negative cash flows
The company has experienced negative cash flows in the past and may continue to face such challenges in the future, potentially causing a material adverse effect on the business
IPO FAQs
The promoter of the company is Yogesh Kumar Sahu.
The category allocation of qualified institutional buyers is 2.0%, the category allocation of non individual investors or high networth individuals is 69.0% and for retail investors it is 29.0%.
The price band of the IPO is Rs 72.0 - 76.0.
The IPO application opens on Nov 03, 2023 and closes on Nov 07, 2023.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 121,600.0, the maximum value for this IPO is Rs 121,600.0.
This IPO will be allotted on Nov 10, 2023.
The refund will be credited to your account on Nov 13, 2023.
The allotted shares will be credited to your demat on Nov 15, 2023.
Baba Food Processing (India) Ltd.’s shares listed on the stock exchanges on Nov 15, 2023.