Baba Food Processing India Ltd - IPO

Baba Food Processing India Ltd IPO Details

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.

Objective of issue

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. General corporate purposes.

Baba Food Processing India Ltd Contact Details

Baba Food Processing India Ltd, T-34 2nd Floor, Okhla Industria Area, Phase-II, New Delhi-110020

Phone - 91-011-26387281/82/83

Fax - 91-011-26387384

Email - cs@babafood.in

Website - www.babafood.in