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.
| Purpose | Amount (₹ Cr) |
|---|---|
| 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 |
| Funding purchase of machinery for manufacturing Chickpea Flour (Besan) and Roasted Gram Flour (Sattu) in our existing manufacturing unit in Ranchi | ₹4 |
| Funding working capital requirements of our Company | ₹3 |
| Prepayment or repayment of all or a portion of certain outstanding unsecured borrowings availed by our Company | ₹2 |
| General corporate purposes | ₹0 |
| Metric | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Total Assets | 6,980 | 6,812 | 5,468 |
| Revenue | 4,139 | 18,964 | 9,756 |
| PAT | 192 | 503 | 201 |
| Net Worth | 2,692 | 2,500 | 1,997 |
| Reserves | 1,492 | 2,020 | 1,517 |
| Total Borrowing | 3,251 | 3,267 | 2,767 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 80,000 (2%) | — |
| NII / HNI | — | 1,193,600 (28%) | — |
| Retail (RII) | — | 2,835,200 (66%) | — |
| Market Maker | — | 217,600 (5%) | — |
| Total | — | 4,326,400 (100%) | — |
* Amount calculated at upper price band (₹76) · ** Total includes all investor categories
- 1 Initiation of Refund 13 Nov 2023
- 2 Credit of Shares to Demat 15 Nov 2023
- Retail allocation is strong at 66% of the total offering.
- HNI/NII demand is strong at 28%.
- Institutional (QIB) interest is moderate at 2%.
- The IPO P/E of 16x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹4.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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