About Baba Food Processing India Limited
Baba Food Processing is launching its IPO. The opens for subscription on 3rd November and will close on 7th November 2023.
Disclaimer: This stock will trade with a lot size of 1600 shares in the SME segment on listing.
What does Baba Food Processing India Limited do?
Incorporated in 2015, Baba Food Processing is an agro-food manufacturing company primarily engaged in the business of manufacturing high-fiber Whole Wheat Atta (Wheat Flour), Refined Flour (Maida), Tandoori Atta, and Semolina flour (Sooji).
Their manufacturing unit is situated in Ranchi and houses two divisions namely, the high-fiber whole wheat atta division and the refined flour division. It is equipped with an ultra-modern highly automated Buhler’s Swiss Technology Pesa Mill with an installed capacity of 200 Tons per day.
The company has also commercialized the by-product and waste material, i.e., wheat bran and other waste materials generated during the manufacturing process as cattle feed and fish feed, which makes the manufacturing unit a zero waste and zero discharge manufacturing unit.
They also market and sell Chickpea Flour (Besan) and Roasted Gram Flour (Sattu) under the brand ‘Panchakanya’, however, they procure these products from third-party manufacturers.
The company is proposing to utilize a portion of the Net Proceeds of this Issue, towards the purchase of machinery for manufacturing Chickpea Flour (Besan) and Roasted Gram Flour (Sattu) in its existing manufacturing unit and plans to expand its market and customer base to Bihar, West Bengal, Andhra Pradesh, North East Region, Odisha, and Jharkhand from existing markets of Jharkhand, Odisha, and West Bengal.
Schedule of Baba Food Processing India Limited IPO
| Issue Period | 3rd November to 7th November 2023 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | November 10, 2023 |
| Initiation of Refunds | November 13, 2023 |
| Credit of Shares | November 15, 2023 |
| Date of Listing | November 16, 2023 |
| Mandate end date | November 22, 2023 |
| Anchor Investors Lock-In End Date | December 7, 2023 |
How to apply to the Baba Food Processing India Limited IPO?
You can apply for the Baba Food Processing India Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for Baba Food Processing India Limited IPO?
You can check the allotment status for the Baba Food Processing India Limited IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.