Baba Food Processing India Limited

About the company

## **About  Baba Food Processing India Limited** Incorporated in April 2015, Baba Food Processing India Limited  is primarily engaged in the business of manufacturing high fibre 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, high fibre whole wheat atta division and refined flour division. The company also market and sell Chickpea Flour (Besan) and Roasted Gram Flour (Sattu) under our brand ‘Panchakanya’, however they procure these product from third party manufacturers. They also commercialise 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 their manufacturing unit a zero waste and zero discharge manufacturing unit. Their manufacturing unit which carries out the required tests on the materials received including raw materials which are used in the manufacturing process and also on the final products.  Their customer/distributor base is divided into five categories namely, institutional manufactures, modern traders, dealers, wholesalers and retailers. They  also believe in enhancing brand visibility by expanding their distribution network and have taken certain initiatives towards achieving the same. Baba Food Processing India Limited is set to debut its initial public offering (IPO). The proceeds generated from the Fresh Issue will be allocated towards the following objectives 1. Investment in our wholly owned Subsidiary, Panchakanya Foods Private Limited (“PFPL”) for setting up a manufacturing unit in Patna, Bihar, comprising an ultra-modern highly automated roller flour mill and chakki whole wheat atta mill (hereinafter referred as the “Project”); 1. Funding purchase of machinery for manufacturing Chickpea Flour (Besan) and Roasted Gram Flour (Sattu) in our existing manufacturing unit in Ranchi;  1. Funding working capital requirements of our Company;  1. Prepayment or repayment of all or a portion of certain outstanding unsecured borrowings availed by our Company; and  1. General Corporate Purposes. ## **Here are the key details for Baba Food Processing India Limited** Company Name| **Baba Food Processing India Limited Limited**|  | Company Type|  ---|---|---|---|--- Company Established On|**2015**|

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   03 Nov 2023

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   07 Nov 2023

   Last day to place your bid

3. Basis of Allotment

   Completed
   05 Nov 2023

   Share allotment finalised

4. Refund Initiation

   Completed
   13 Nov 2023

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   10 Nov 2023

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   15 Nov 2023

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.