Baba Food Processing India Limited
IPO Details
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Having completed its public offering, Baba Food Processing India Limited's is now listed and trading on the NSE exchange as of Nov 15, 2023. The IPO raised cumulative capital of 43,42,105 Shares, including 43,42,105 Shares in primary capital infusion.
The IPO was conducted with a price range of ₹72 to ₹76 and minimum investment requirement of 1600 shares. subscription activity between Nov 03, 2023 and Nov 07, 2023 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on Nov 10, 2023 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in April 2015, Baba Food Processing is an agro-food manufacturing company producing a wide range of wheat flour products, including whole wheat atta, maida, tandoori atta and semolina (sooji), catering to both branded consumer markets and bulk buyers. The company operates a manufacturing unit in Nagri, Ranchi and plans to establish another plant in Patna, Bihar. With over 120 employees and annual sales of ₹1900 million, it has built strong strengths such as an extensive distribution network, diverse product range, strong client and supplier relationships, and strict quality assurance and control systems.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Yogesh Kumar Sahu
Baba Food Processing India Limited
Mas Services Limited