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SME IPO Status: Listed [3rd Nov 2023 to 7th Nov 2023]
Baba Food Processing (India) Limited is bringing its SME IPO at NSE Emerge. This company is issuing 100% fresh issues worth Rs 33.00 Cr. You can apply in this SME IPO application from 03 Nov to 07 Nov 2023. The face value of each share is Rs 10. To apply in this IPO application you have to buy at least one lot of 1600 shares or its multiple at the described price band of Rs 72 to Rs 76 for each share.
So please stay connected with us to get the latest update for the IPO of Baba Food Processing (India) Limited including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 3rd Nov 2023 |
| SME IPO Issue Closing Date: | 7th Nov 2023 |
| SME IPO Issue Price: | ₹72.00-76.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 69% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹33.00 Cr |
| Fresh Issue: | ₹33.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 99.99 |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| NSE Code: | BABAFP |
Get important updates regarding Baba Food Processing SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 10th Nov 2023 |
| Refunds Initiation* | 13th Nov 2023 |
| Credit of Shares to Demat* | 15th Nov 2023 |
| SME IPO Listing Date* | 15th Nov 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹72.00-76.00 |
| Market Lot: | 1600 Shares |
| 1 Lot Amount: | ₹121600 |
| Min HNI Lots: | 3200 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 15-11-2023 | 76.00 | 10 | 12200 | ₹86 (13.16%) | 15-Nov-2023 9:31 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Baba Food Processing (India) Limited was established in 2005 and is primarily engaged in the production of high-fibre whole wheat ata (wheat flour), refined flour (maida), tandoori ata and semolina flour (sooji). The state-of-the-art production facility is located in Ranchi and consists of two departments, namely the High Fibre Whole Wheat Flour Department and the Refined Flour Products Department. The company produces high-fibre whole wheat atta (wheat flour) in the whole wheat atta department and refined flour (maida), tandoori atta and semolina flour (sooji) in the refined flour department. They also market the by-products and waste materials, i.e. wheat bran and other waste materials generated during the manufacturing process, as livestock and fish feed, making their production unit waste and effluent-free.
They believe they have established their brand as the preferred brand for wheat bran and refined flour for home use. Their track record has allowed us to develop an effective business model that provides tight control over processes such as raw material sourcing, production, inventory management and distribution logistics. They adhere to strict product quality standards and align with consumer preferences across all segments and markets.
The company operates a zero-waste production unit where waste generated by the business units is either sold or processed as livestock or fish feed. In addition, the company markets and sells its by-product, wheat bran, as animal feed, thus commercialising both its by-products and its waste materials. The commercialization of its waste materials makes its production unit a zero waste unit or a zero waste unit.
| Incorporation | Sector | IPO Issue Size | Website |
| 2005 | Food Industry | ₹33.00 Cr | https://www.babafood.in/ |
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
1. Investment in our wholly owned Subsidiary, Panchakanya Foods Private Limited ("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 (hereinafter referred as the "Project");
2. Funding purchase of machinery for manufacturing Chickpea Flour (Besan) and Roasted Gram Flour (Sattu) in our existing manufacturing unit in Ranchi;
3. Funding working capital requirements of the Company;
4. Prepayment or repayment of all or a portion of certain outstanding unsecured borrowings availed by the Company; and
5. General Corporate Purposes.
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 80,000 (1.95%) | 1,193,600 (29.05%) | 2,835,200 (69%) | 4,108,800 | |
| 1 | 3rd Nov 2023 19:31 | 1.66x | 1.30x | 3.82x | 3.05x |
| 2 | 6th Nov 2023 19:31 | 1.98x | 5.52x | 19.38x | 15.02x |
| 3 | 7th Nov 2023 19:31 | 147.02x | 84.73x | 60.82x | 69.44x |
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 |
| Revenue | 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 | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Baba Food Processing India Limited | 4.2 | 4.2 | 20.83 | 20.14 | Consolidated | |
| Megastar Foods Ltd | 10.08 | 10.08 | 46.07 | 30.62 | 21.88 | Consolidated |
Last Updated on 19-Nov-2023 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Baba Food Processing SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Baba Food Processing SME IPO with Zerodha.
Alternate approch to apply in Baba Food Processing SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Baba Food Processing SME IPO Review and Important Updates
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To subscribe or apply in Baba Food Processing SME IPO, you can use the following methods:
| Baba Food Processing SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Baba Food Processing SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Baba Food Processing SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Baba Food Processing SME IPO. Most of the Syndicate Banks provide access to apply in Baba Food Processing IPO via ASBA process. You must have your net banking access, DP ID information to apply in Baba Food Processing SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Baba Food Processing SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Baba Food Processing SME IPO Review and Important Updates
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Baba Food Processing SME IPO is going to be list on 15-11-2023. NSE Code for Baba Food Processing is BABAFP.
Other relevant questions:
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Baba Food Processing SME IPO Allotment Date is 10-11-2023.
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