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
Money Payable On
Opens On
Closes On
Application
Allotment
03-Nov-2023
07-Nov-2023
₹ 76.00
₹ 0.00
Minimum Application for shares in Nos : 1600.0
Further Multiples of : 1600.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
0.00
Horizon Management Pvt Ltd
Project Financed through Current Offer
32.88
Post Issue Equity Share Capital
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