Baba Food Processing is primarily engaged in the business of manufacturing high-fiber whole wheat flour (atta), refined flour (maida), tandoori atta, and semolina flour (sooji). The company operates in Ranchi and has two divisions, one for high-fiber whole wheat atta and the other for refined flour. The manufacturing unit is equipped with modern technology for producing these products, and the company has a zero waste and zero discharge policy, even commercializing by-products like wheat bran as cattle and fish feed.
In addition to the primary products, Baba Food Processing also markets and sells chickpea flour (besan) and roasted gram flour (sattu) under the brand ‘Panchakanya,’ although these products are sourced from third-party manufacturers. The company plans to use a portion of the proceeds from a forthcoming issue to purchase machinery for manufacturing chickpea flour and roasted gram flour in-house.
Currently, Baba Food Processing Promotes its products, in Jharkhand, Odisha, and West Bengal. However, there are plans to expand their operations by establishing manufacturing facilities, in Patna. This expansion aims to reach customers in Bihar, West Bengal, Andhra Pradesh, the Northeast Region, Odisha, and Jharkhand through an owned subsidiary called Panchakanya Foods Private Limited.
The company boasts a ranging marketing network that caters to customers across five categories:
1. Institutional manufacturers: Our products are supplied to known FMCG and food processing companies such, as ITC Limited, Parle Products, and Britannia Industries Limited.
2. Traders: We sell our products through supermarkets like ‘Reliance SMART’ and ‘JIO Mart.’
3. Dealers: Baba Food Processing has established a network of dealers in Jharkhand and Odisha which enables us to reach out to retailers
4. Wholesalers: We directly sell our products to wholesalers and large retailers in Jharkhand, Odisha, and West Bengal.
5. Retailers: Our products are directly supplied to retailers, in Jharkhand.
Baba Food Processing IPO Complete Details:
Baba Food Processing IPO Timetable:
Company Financial Details:
AS OF NOW, the GMP OF Baba Food Processing is Around 00 Rs.
Objects Of Issue:
1. Investment in our wholly-owned subsidiary, Panchakanya Foods Private Limited (“PFPL”), to establish a manufacturing unit in Patna, Bihar. This unit will comprise an ultra-modern, highly automated roller flour mill and chakki whole wheat atta mill (referred to as the “Project”).
2. Allocation of funds to purchase machinery for the production of Chickpea Flour (Besan) and Roasted Gram Flour (Sattu) within our existing manufacturing facility in Ranchi.
3. Allocation of funds to meet the working capital requirements of our company.
4. Prepayment or repayment of all or a portion of certain outstanding unsecured borrowings obtained by our company.
5. Utilization of funds for general corporate purposes.
Promoters:
Yogesh Kumar Sahu
- Age: 50 years
- Position: Promoter and Managing Director
- Educational Background: Bachelor’s degree in arts from Government College, Rourkela
- Professional Experience: Over a decade in agro trading and milling
FAQs:
When Baba Food Processing IPO is Opening?
Baba Food Processing IPO is Opening on 03 November 2023.
When is the Baba Food Processing IPO Closing?
Baba Food Processing IPO is Closing on 07 November 2023.
What is the Issue Size of the Baba Food Processing IPO?
The IPO Issue Size of Baba Food Processing is Crore
Price Band of Baba Food Processing IPO?
The price Band of Baba Food Processing IPO is 72 to 76 rupees per share.
What is the minimum investment for a Baba Food Processing IPO?
The minimum investment for the Baba Food Processing IPO is 121,600 Rupees.
Allotment Date of Baba Food Processing IPO?
The Allotment of Baba Food Processing IPO is on 10 November 2023.
Listing Date of Baba Food Processing IPO?
The Listing Of Baba Food Processing is Scheduled on 16 November 2023.
One Should Apply for Baba Food Processing IPO or Not?
will update soon
How to apply for Baba Food Processing IPO through the Zerodha Application?
Open Zerodha Application ——–> At the Bottom Click on Orders ——–> Then at the Top Click on IPO ——–> Find Baba Food Processing IPO from the list ——–> Then Click Apply Button ——–> Select Investor Type(Individual) ——–> Enter Your UPI ID ——–> Select @ Extension ——–> Click on Cut-Off Price Box ——–> Enter Quantity ——–>Tick Check Box Of Terms and Conditions ——–> Drag Submit IPO Button On Right Side ——–> Accept IPO Mandate Received in Your UPI Application.
How to apply for Baba Food Processing IPO through the Upstox Application?
Open Upstox Application ——–> At the Bottom Click on Invest ——–> Then Click On “View ongoing IPO” ——–> Find Baba Food Processing IPO from the list ——–> Then Click Apply Button ——–> Enter Your UPI ID ——–> Select Investor Type ——–> Enter the Number of Lots to Purchase ( ENTER 1) ——–> Click on Cut-Off Price Box ——–>Tick Check Box Of Terms and Conditions ——–> Click on Continue ——–> Click on Confirm And Apply ——–> Accept IPO Mandate Received in Your UPI Application.
How to apply for Baba Food Processing IPO through Angel One Application?
Open Angel One Application ——–> At the Bottom Click on Home ——–> Click on IPO Button ——–> Find Baba Food Processing IPO from the list ——–> Click on Baba Food Processing IPO Name ——–> Click on Apply Now ——> Enter Lot (1) ——–> Select Investor Type ——–> Enter UPI ID ——–> Click on “Apply For IPO” —>Click On Proceed ——–> Accept IPO Mandate Received in Your UPI Application.
Who is the Lead Manager of Baba Food Processing?
Horizon Management Private Limited is the Lead Manager of Baba Food Processing.
Where To Check the Allotment of Baba Food Processing IPO?
The allotment status for the Baba Food Processing IPO will be accessible on the Mas Services Limited Website.
Baba Food Processing IPO is going to be listed at?
Baba Food Processing IPO is going to be listed at NSE SME.
What is the Lot Size of the Baba Food Processing IPO?
The lot size of the Baba Food Processing IPO is 1600 Shares.
What is the EPS of Baba Food Processing IPO?
The EPS of Baba Food Processing is 4.2 Rupees.
What is the P/E Ratio of Baba Food Processing IPO?
The P/E Ratio of Baba Food Processing is N/A.
What is the ROE of the Baba Food Processing IPO?
The ROE of Baba Food Processing is 20.14%.
What is the ROCE of Baba Food Processing IPO?
The ROCE of Baba Food Processing is 15.81%.
