
Emerging SME Services · NSE
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.
Price Band
₹72 – ₹76
Issue Size
₹33.00 Cr
Lot Size
1600 shares
GMP
+13.2%
Est. Listing
₹86
at current GMP
Subscribed
69.50x
overall
Open
3 Nov 2023
Close
7 Nov 2023
Allotment
10 Nov 2023
Refund
11 Nov 2023
Demat Credit
12 Nov 2023
Listing
15 Nov 2023
Designated Registrar: Mas Services Limited
Allotment Date
10 Nov 2023
Basis finalization
Refunds Initiate
11 Nov 2023
Mandate release
Demat Credit
12 Nov 2023
Shares in demat
Listing Debut
15 Nov 2023
Trading begins
Baba Food Processing India Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹33 Crores. The shares are offered at a price band of ₹72 to ₹76 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1600 shares (approx. ₹1,21,600 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Mas Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-11-12, while un-allotted funds or UPI block mandates will be released on 2023-11-11.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.