
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
Overall Subscription
69.50x
Total Demand
QIB Multiplier
147.02x
Institutions & Funds
NII / HNI
84.92x
High Net-Worth
Retail (RII)
60.82x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 80,000 | 11,761,600 | 147.02x |
| NIB | 1,193,600 | 101,356,800 | 84.92x |
| RETAIL | 2,835,200 | 172,424,000 | 60.82x |
| Total | 4,108,800 | 285,542,400 | 69.50x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 950 | 57,779 | 60.82x |
| HNIs (10L +) | 6 | 510 | 84.92x |
| HNIs (2-10L) | 29 | 2,463 | 84.92x |
| Total Applications | 985 | 60,752 | 61.68x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
The latest Grey Market Premium (GMP) for Baba Food Processing India Limited IPO is ₹10 per equity share. Based on the upper price band of ₹72 to ₹76 per equity share, the estimated listing price is ₹86 (+13.2% expected listing gain).
With a lot size of 1600 shares and current GMP of ₹10, the expected profit per application lot is approx ₹16,000 (+13.2% gain). Minimum application cost is approx ₹1,21,600.
The Baba Food Processing India Limited IPO aggregate issue size is ₹33 Crores with an equity price band set at ₹72 to ₹76 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,21,600.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 69.50x (Retail: 60.82x, QIB: 147.02x, NII: 84.92x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Mas Services Limited) and the BSE status verification website on or around 2023-11-10. Investors can verify status using PAN card or application number.
Baba Food Processing India Limited shares are scheduled to list on NSE on 2023-11-15.