Baba Food Processing India Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Baba Food

CMP

54.95

+0.45 (0.83%)

  • DRHP
₹76

Offer Price

₹ 32.88 Cr

Issue Size

₹ 1,21,600

Min Investment

1,600

Lot size

Time Line

  • 03
    Nov 2023
    Open
  • 07
    Nov 2023
    Close
  • 10
    Nov 2023
    Finalisation of Basis of Allotment
  • 13
    Nov 2023
    Initiation of Refunds
  • 15
    Nov 2023
    Transfer of Shares to Demat Account
  • 15
    Nov 2023
    Listing Date

Objects of the Offer

  • Setting up of an additional manufacturing unit to focus on the growing demand of its products.

  • Expand its existing product portfolio.

  • Diversifying and increasing penetration in markets.

  • Strengthen its brand value and create awareness for its new products.

  • Strengthen its marketing network.

Products & Services

  • The Company is engaged in the business of manufacturing high fibre Whole Wheat Atta (Wheat Flour), Refined Flour (Maida), Tandori Atta, Semolina flour (Sooji) in our refined flour division.

Strengths

  • Diversified Product Baske.

  • Strong brand recall and established track record.

  • Existing client and supplier relationships.

  • Quality Assurance and Quality Control of our products.

  • Strategically located manufacturing facilities with modern infrastructure and integrated manufacturing facilities with a core focus on quality.

Risks

  • The company cannot assure you that the manufacturing unit proposed to be set up by its Subsidiary, Panchakanya Foods Private Limited will become operational as scheduled, or at all, or operate as efficiently as planned. If the company is unable to commission its new manufacturing unit in a timely manner or without cost overruns, it may adversely affect its business, results of operations and financial condition.

  • As on date the company have not obtained any of the approvals, clearances and permissions as may be required from the relevant authorities for the proposed manufacturing units. In the event its unable to obtain such approvals and permits, the company business, results of operations, cash flows and financial condition could be adversely affected.

  • The allotment of land to its Subsidiary for setting up the proposed manufacturing unit is subject to compliance with certain terms and conditions. Failure to comply with such conditions could adversely affect its business and financial condition.

  • All of its experience in respect of the company business operations is limited to Jharkhand, Odisha and West Bengal. Further, the Company has limited experience of manufacturing Chickpea Flour (Besan) and Roasted Gram Flour (Sattu). Hence, its have limited exposure in operating outside the aforementioned states and manufacturing products outside of its existing product portfolio, which may make it difficult to evaluate its past performance and prospects with respect to the same.

  • The company cannot assure that its shall be able to utilize its proposed manufacturing unit to their full capacity or up to an optimum capacity, and non-utilisation of the same may lead to loss of profits or can result in losses, and may adversely affect its business, results of operations and financial condition.

Company Promoters

Promoters Holding

Issue For IPO
91.01%
Pre Holding

91.01%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 97.11 (-8.90%) 189.54 (95.20%) 20.14 (-)
Gross Profit 97.11 (-8.90%) 189.54 (95.20%) 20.14 (-)
Net Income 97.11 (-8.90%) 189.54 (95.20%) 20.14 (-)
Assets 97.11 (-8.90%) 189.54 (95.20%) 20.14 (-)
Liabilities 97.11 (-8.90%) 189.54 (95.20%) 20.14 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Baba Food Processing India Ltd 189.54 5.03 57.67 32.67 20.14 10.49 52.08 4.09 0.57
Megastar Foods Ltd 304.20 10.08 110.64 110.64 21.87 10.08 46.07 9.11 1.25

Book Running Managers

  • Horizon Management Pvt Ltd

Registrar & Transfer Agent

MAS Services Ltd

T-34 2nd Floor,
Okhla Industria Area,
Phase-II - New Delhi-110020
Phone : 91-011-26387281/82/83 Fax: 91-011-26387384

Company Contact Information

6th Flr Home Decor Building,
Ratu Road Ranchi G P O,
Ranchi - 834001
Phone : +91 915 519 2834 Email : cs@babafood.in www.babafood.in

Offer Related Information

Initial public offer of upto 43,26,400 equity shares of face value of Rs. 10/- each ("Equity Shares") of Baba Food Processing (India) Limited (the "Company" or "Baba Food" or "Issuer") at an issue price of Rs. 76 per equity share (including a share premium of Rs. 66 per equity share) for cash, aggregating up to Rs. 32.88 crores ("Public Issue") out of which 2,17,600 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 76 per equity share for cash, aggregating Rs. 1.65 crores... More

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