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Open
3 Nov 2023
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Close
7 Nov 2023
3
Allotment
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Listing
Wed, Nov 15, 2023
Price Band
₹72 to ₹76
Issue Size
43,26,400 shares (agg. up to ₹33 Cr)
Lot Size
1,600 Shares
Listing Date
Wed, Nov 15, 2023
Latest GMP
₹10
Est. Gain
13.16%
✦ AI Insight
GMP Trend
15-11-2023₹10Est. ₹86+13.16%
14-11-2023₹5Est. ₹81+6.58%
13-11-2023₹5Est. ₹81+6.58%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 69.12x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 69.80 | 68.12 | 54.68 | 45.84 |
| Total Income | 41.39 | 189.64 | 97.56 | 107.70 |
| Profit After Tax | 1.92 | 5.03 | 2.01 | 1.98 |
| NET Worth | 26.92 | 25.00 | 19.97 | 16.49 |
| Reserves and Surplus | 14.92 | 20.20 | 15.17 | 11.69 |
| Total Borrowing | 32.51 | 32.67 | 27.67 | 23.25 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Goyal Salt Ltd. | SME | ₹18.63 Cr | ₹38 | 13.97 | ₹136.10 | +258.16% | ₹115.00 (-0.04%) |
| Madhusudan Masala Ltd. | SME | ₹23.80 Cr | ₹70 | 10.08 | ₹114.00 | +62.86% | ₹238.50 (-3.95%) |
| Srivari Spices & Foods Ltd. | SME | ₹9.00 Cr | ₹42 | 9.59 | ₹106.55 | +153.69% | ₹270.95 (-0.84%) |
| Proventus Agrocom Ltd. | SME | ₹69.54 Cr | ₹771 | 186.23 | ₹862.05 | +11.81% | ₹1,630.00 (-0.61%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in 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 | 20.30 |
| 2 | Funding purchase of machinery for manufacturing Chickpea Flour (Besan) and Roasted Gram Flour (Sattu) in our existing manufacturing unit in Ranchi | 3.66 |
| 3 | Funding working capital requirements of our Company | 2.50 |
| 4 | Prepayment or repayment of all or a portion of certain outstanding unsecured borrowings availed by our Company | 2.00 |
| 5 | General corporate purposes | 0.23 |
About Baba Food Processing IPO
Incorporated in April 2015, Baba Food Processing is an agro-food manufacturing company. The company has established its footprints in branded consumer as well as bulk food markets producing wheat floor products. The company manufactures wide range of products including Whole Wheat Atta (Wheat Flour), Refined Flour (Maida), Tandoori Atta and Semolina flour (Sooji). The company owns a manufacturing unit in Nagri, Ranchi and plans to set up another unit in Patna Bihar. The company employes more than 120 people and has annual sales of 1900 million. The core strength of the company lies in the following Extensive distribution network and presence in various retail channels. Wide range of products such as Whole Wheat Atta (Wheat Flour), Refined Flour (Maida), Tandori Atta and Semolina flour (Sooji), to address a large consumer base. Strong Client and supplier relationship. Quality Assurance and Quality Control of our products. + Read More
Contact Details
Baba Food Processing (India) Ltd. Address6th Floor, Home Decor BuildingOpposite Durga Mandir, Ratu RoadRanchi G.P.O.Ranchi, Jharkhand, 834001+91 915 519 2834Visit Website