Baba Food Processing India Limited IPO : Important Dates

Baba Food Processing India Limited IPO is set to launch on 3 November, 2023. The company initiated its business operations in the year 2015. It is an agro manufacturing firm. Baba Foods Processing India Limited has established its name in bulk food markets producing wheat flour products and branded consumer products. Its product portfolio includes Maida, Wheat Flour, tandoori Atta and Sooji. The manufacturing plant of the company is established in Ranchi. Another unit of the firm is going to be established in Bihar. The company has more than 120 employees.

Baba Food Processing India Limited IPO DETAILS

Baba Food Processing India Limited IPO is set to launch on 3 November, 2023. The subscription timeline extends till 7 November, 2023. The size for the IPO is 33 Crore Rs. Shares issued through fresh issue mode are worth 33 Crore Rs. No shares are issued through offer for sale mode. The lot size is 1600 shares and the price is 72 Rs to 76 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is MAS Services Limited.

Tabular Description of Baba Food Processing India Limited IPO 

Baba Food Processing India Limited IPO : IMPORTANT DATES

Baba Food Processing India Limited IPO begins for subscription from 3 November, 2023. The IPO subscription would continue till 7 November, 2023. The allotment status for the shareholders who applied would come on 10 November, 2023. The refunds for the ones who did not get allotment would be initiated on 13 November, 2023. The DEMAT accounts of shareholders would be credited on 15 November, 2023. The listing of the company would be completed on 16 November, 2023.

Baba Food Processing India Limited IPO : Lead Managers

The lead managers are :

• Horizon Management Private Limited

The minimum lot size for the company is decided at 1600 shares. This holding accounts to 121600 Rs.. The maximum lot size is decided at 3200 shares (HNI). This amounts to 243200 Rs.. Hence the company’s final holdings would be set as :

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.
• The IPO money will be used for investment into its subsidiaries like Panchakanya Foods private Limited. It will also be used for purchase of machinery.  It will also be used for payment of borrowings of the firm.

COMPANY FINANCIALS

Baba Food Processing India Limited had an asset base of 4583 Lakh Rs in 2021. This increased to 5467 Lakh Rs in 2022. The company’s asset base had increased to 6811 Lakh Rs in 2023. The revenue of the firm was 10769 Lakh Rs. However in the year 2022 the revenue of the firm was 9756 Lakh Rs. This increased again in the year 2023 to 18964 Lakh Rs. The profit of the firm was 198 Lakh Rs in 2021. This increased slightly to 201 Lakh Rs in 2022. The profit of the firm became 503 Lakh Rs in the year 2023.

PROS

• Its product portfolio includes Maida, Wheat Flour, tandoori Atta and Sooji. 
• The manufacturing plant of the company is established in Ranchi. Another unit of the firm is going to be established in Bihar. 
• The company has more than 120 employees.

CONS

• The company works in a highly competitive segment.

Baba Food Processing India Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1.   Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2.   Click the Baba Food Processing India Limited IPO button and press the BID button.
3.   Entering the details asked for like UPI ID, Quantity and price.
4.   Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.