Incorporated on April 22, 2015, Baba Food Processing India Limited is involved in the manufacturing of Refined Flour (Maida), Whole Wheat Atta (Wheat Flour), Semolina flour (Sooji) and Tandoori Atta.
The company has a manufacturing facility in Ranchi. Their manufacturing unit is considered a zero waste and zero discharge unit as they commercialise the waste materials and by-products generated during the manufacturing process as cattle or fish feed. The company also markets and sells Roasted Gram Flour (Sattu) and Chickpea Flour (Besan) under their brand Panchakanya. These two products are procured from third parties.
The company sells their products through various channels, including institutional manufacturers, modern traders like Jio Mart, dealers, retailers and wholesalers.
The food processing sector in India has been one of the essential sectors. It contributes about 32% to this food market and 13% to total export. The industry is predicted to touch USD 535 billion by 2025-26. This can be a good opportunity for the company as they are in the food processing sector and focusing on important products like Wheat and Maida.
Baba Food Processing India Limited IPO Details
Baba Food Processing India Limited IPO Date
Baba Food Processing India Limited’s IPO will open on November 3, 2023, and close on November 07, 2023. The IPO will be listed on the NSE on November 16, 2023.
Baba Food Processing India Limited IPO Price Band
Baba Food Processing India Limited is a fresh IPO of 4,342,105 shares, aggregating up to ₹33 crore. The issue is priced at ₹72 to ₹76 per share.
Baba Food Processing India Limited IPO Lot Size
Baba Food Processing India Limited’s IPO lot size is 1,600 shares, and retail investors need to apply for a minimum of 1 lot, which is ₹1,21,600.
Baba Food Processing India Limited IPO Objectives
The objectives of Baba Food Processing India Limited's IPO are listed below:
- To invest in their wholly-owned Subsidiary, Panchakanya Foods Private Limited (PFPL), to set up a manufacturing facility in Patna, Bihar, that contains an automated roller flour mill and chakki whole wheat atta mill.
- To fund the machinery purchase to manufacture Chickpea Flour and Roasted Gram Flour in their existing manufacturing facility in Ranchi.
- To prepay or repay certain outstanding unsecured borrowings availed by the company.
- To fund the working capital requirement of the company.
- To meet general corporate purposes.
Peer Details
Baba Food Processing India Limited faces competition from publicly listed players like Megastar Foods Ltd, which operates in the same business.
How To Check the Baba Food Processing India Limited Allotment Status?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Open a demat account with Angel One to apply for the Baba Food Processing India Limited IPO.
Contact Details of Baba Food Processing India Limited IPO
- Registered office: 6th Floor, Home Decor Building, Opposite Durga Mandir, Ratu Road, Ranchi G.P.O., Ranchi – 834 001, Jharkhand, India.
- Phone: +91 9155192834
- E-mail:cs@babafood.in
Company Financials
| Particulars | Period ending on March 31, 2021 ( ₹ in lakh ) | Period ending on June 30, 2023 ( ₹ in lakh ) | Period ending on March 31, 2023 ( ₹ in lakh ) |
|---|---|---|---|
| Revenue from operations | 10,655.10 | 4,134.63 | 18,953.95 |
| Profit after Tax | 198.14 | 192.29 | 503.44 |
| Net Worth | 1,648.95 | 2,692.36 | 2,499.97 |
| Earnings Per Share | 4.13 | 1.60 | 4.20 |
| Total Borrowings | 2,325.45 | 3,250.94 | 3,266.54 |
Know before investing
Strengths
3The company has a huge distribution network.
The company offers a comprehensive range of flour, such as wheat flour, refined flour, semolina flour, etc.
The company even sells the waste and by-products from the manufacturing of flour.
Risks
3The company's operations are limited to Jharkhand, Odisha and West Bengal.
The company’s revenue is hugely dependent on dealers, wholesalers and retailers.
