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 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.
IPO OPENING DATE | 3 November, 2023 |
CLOSING DATE FOR IPO | 7 November, 2023 |
ISSUE TYPE | Book Built Issue |
Face Value per share | 10 Rs. per share |
IPO price band | 72 Rs to 76 Rs per share |
LOT SIZE | 1600 shares |
MINIMUM ORDER QUANTITY | 1600 shares |
ISSUE SIZE | 33 Crore Rs. |
OFFER FOR SALE | No shares are issued through offer for sale mode |
FRESH ISSUE | 33 Crore Rs. |
LISTING AT | NSE SME |
LISTING DATE | 16 November, 2023 |
IPO OPENING DATE | 3 November, 2023 |
CLOSING DATE FOR IPO | 7 November, 2023 |
IPO ALLOTMENT DATE | 10 November, 2023 |
REFUNDS | 13 November, 2023 |
DEMAT A/C CREDITED ON | 15 November, 2023 |
IPO LISTING DATE | 16 November, 2023 |
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.
The lead managers are :
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 :
Shares | Amount | |
Minimum | 1600 shares | 121600 Rs. |
Maximum | 3200 shares | 243200 Rs. |
Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
ASSETS | 4583 | 5467 | 6811 |
Revenue | 10769 | 9756 | 18964 |
PAT | 198 | 201 | 503 |
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.
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