Baba Food Processing India Limited

LISTED

SME IPO · IPO Guide

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Issue Price

₹72 – ₹76

Listed On

15 Nov 2023

Listing Price

₹76 (+0.00%)

Current Price LIVE

₹76 (+0.00%)

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Lot Size Calculator

Application	Lots	Shares	Amount
Retail (Min)	1	1,600	₹1,21,600
Retail (Max)	2	3,200	₹2,43,200
S-HNI (Min)	3	4,800	₹3,64,800
S-HNI (Max)	8	12,800	₹9,72,800
B-HNI (Min)	9	14,400	₹10,94,400

As per financials, SAR Televenture Limited has shown good results, RoNW is 32.95% and P/E is respectively 2229.73, 21.25 and 10.72 as per FY22, FY23 and annualised FY24 earnings. So, issue looks fully priced. But, negative cash flow is big concern. Company is in business of providing telecommunication solutions to Telecom Network Operators, which is highly fragmented and competitive segment. Performance of BRLM is good. So we are giving NEUTRAL rating to this SME IPO. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

As on Date	QIB	NII	RII	Total
Shares Offered / Reserved	86,528	12,54,656	29,85,216	43,26,400
Day 1 03-11-23	1,32,800 (1.53)	15,39,200 (1.23)	1,05,44,000 (3.53)	1,22,16,000 (2.82)
Day 2 06-11-23	1,58,400 (1.83)	67,71,200 (5.4)	5,39,87,200 (18.08)	6,09,16,800 (14.08)
Day 3 07-11-23	1,17,61,600 (135.93)	10,13,47,200 (80.78)	17,23,40,800 (57.73)	28,54,49,600 (65.98)

Fresh Issue

1
Investment in 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 ( Rs 20.29/- Cr ) Funding purchase of machinery for manufacturing Chickpea Flour (Besan) and Roasted Gram Flour (Sattu) in the existing manufacturing unit in Ranchi ( Rs 3.65/- Cr ) Funding the working capital requirements of the Company ( Rs 2.50/- Cr ) Prepayment or repayment of all or a portion of certain outstanding unsecured borrowings availed by the Company ( Rs 2/- Cr ) General corporate purposes
2
Investment in 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 ( Rs 20.29/- Cr )
3
Funding purchase of machinery for manufacturing Chickpea Flour (Besan) and Roasted Gram Flour (Sattu) in the existing manufacturing unit in Ranchi ( Rs 3.65/- Cr )
4
Funding the working capital requirements of the Company ( Rs 2.50/- Cr )
5
Prepayment or repayment of all or a portion of certain outstanding unsecured borrowings availed by the Company ( Rs 2/- Cr )
6
General corporate purposes
7
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decision
8
Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this applicatio
9
With entry barriers, SEBI wants only well informed investors to participate is such SME offer
10
With crazy recent listings, SME IPOs have started drawing attention of investors across the boar
11
However, as SME issues have entry barriers and continued low preference from broking community, any reader taking decisions based on any information published here does so entirely at own ris
12
Above information is based on information available as on date coupled with market perception

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Disclaimer

No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

💬 Community Discussion

3 Comments

A
Ankit Sutariya 09 Nov 2023, 10:22

jinko allotment milega wo fasega,trap is ready for retail investors in baba food
B
Bhumit 07 Nov 2023, 13:50

lage to ny paisa rokine kay faydo nthi avoid
A
Abdul Khan 04 Nov 2023, 20:52

apply or avoid

Period	Total Income	Total Expenses	Profit After Tax (PAT)
Q1 FY24	41.38	38.62	1.92
FY23	189.64	182.66	5.03
FY22	97.56	94.75	2.01
FY21	107.69	104.60	1.98

Open Date	Nov 03, 2023
Close Date	Nov 07, 2023
Allotment Date	Nov 10, 2023
Listing Date	Nov 15, 2023
Face Value	₹ 10 Per Equity Share
Issue Price	₹ 72 to ₹ 76 Per Equity Share
Issue Size	Fresh Issue of Up to 43,42,105 with aggregating up to Rs 33/- Cr
Retail Min Lot	1 Lot (1,600 Shares - ₹ 1,21,600)
Lead Manager	Horizon Management Private Limited

Company	P/B Ratio	P/E Ratio	RoNW	Total Revenue (Cr)
Baba Food Processing (India) Limited Current	3.39	24.7	20.1%	189
Megastar Foods Ltd	6.34	38.2	23.6%	268

Baba Food Processing India Limited

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