IPO Synopsis

Baba Food Processing India Ltd

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

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 will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 41,08,800 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 76 per equity share for cash, aggregating up to Rs. 31.23 crores is hereinafter referred to as the "Net Issue". The public issue and net issue will constitute 26.50 % and 25.17 % respectively of the post-issue paid-up equity share capital of the company. Issue Opens On Closes On 03-Nov-23 07-Nov-23 Money Payable On Application Allotment 76.00 0.00 Minimum Application for shares in Nos : 1600 Further Multiples of : 1600 Cr Lead Managers to the Issue Project Cost (.Cr) 0.00 Horizon Management Pvt Ltd Project Financed through Current Offer (.Cr) 32.88   Post Issue Equity Share Capital (.Cr) 0.00 Issue Price () 76.00

Projects

Investment in PFPL for setting up a manufacturing unit Patna, Bihar comprising an ultra modern highly automated roller flour mills and chakki whole wheat atta mill Funding purchase of ,achinery for manufacturing chickpea flour (Besan) and roasted gram flour (Sattu) in its existing manufacturing unit in Funding working capital requirements of the company Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company General corporate purposes

Promoted By

Yogesh Kumar Sahu

Listing At

NSE - SME

Registrar to the Issue

No Data Available