Baba food processing ipo gmp today

Their manufacturing unit baba food processing ipo gmp today situated in Ranchi and houses two divisions namely, the high fibre whole wheat atta division and refined flour division. They also commercialize the by-product and waste material, i. They propose to utilise a portion of the Net Proceeds of this Issue, towards the purchase of machinery for manufacturing Chickpea Flour Besan and Roasted Gram Flour Sattu in their existing manufacturing unit. The Company has a diversified marketing network through which it markets and sells its products.

The final price will be discovered via book building in this band. Since there is no offer for sale portion, the total size of the fresh issue will also be the total size of the IPO. The minimum lot size for the IPO investment will be 1, shares. That is also the maximum that the retail investors can invest in the IPO. The market maker for the issue is Nikunj Stock Brokers Ltd and they will provide two-way quotes to ensure liquidity on the counter and low basis costs, post listing. Post the IPO, the promoter stake will get diluted from

Baba food processing ipo gmp today

Premium: Rs. On 7 November 5. Its manufacturing unit is situated in Ranchi and houses two divisions namely, high fibre whole wheat atta division and refined flour division. It also commercialises the by-product and waste material, i. It proposes to utilise a portion of the Net Proceeds of this Issue, towards purchase of machinery for manufacturing Chickpea Flour Besan and Roasted Gram Flour Sattu in its existing manufacturing unit. The Company markets and sells in products in Jharkhand, Odisha and West Bengal, however, the Company is proposing to expand its business operations in India by setting up an ultra-modern highly automated roller flour mill and chakki whole wheat atta mill in Patna and expand its market and customer base to Bihar, West Bengal, Andhra Pradesh, North East Region, Odisha and Jharkhand. Yogesh Kumar Sahu. Funding working capital requirements of the Company; 4. Prepayment or repayment of all or a portion of certain outstanding unsecured borrowings availed by the Company; and 5. General Corporate Purposes. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

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Baba Food Processing IPO lot size is that the investors can bid for a minimum of 1, shares and in multiples thereof. Baba Food Processing is an enterprise that produces agricultural foods. The company, which manufactures wheat floor products, has established itself in both bulk and branded consumer food categories. A broad variety of products are produced by the company, such as Tandoori Atta, Whole Wheat Atta wheat flour , and Semolina flour Sooji. The following goals are what the company plans to use the net proceeds from the offering for: Investment in our fully owned subsidiary Panchakanya Foods Private Limited "PFPL" to establish a manufacturing facility in Patna, Bihar, consisting of a highly automated roller flour mill and chakki whole wheat atta mill henceforth referred to as the "Project" ; financing the purchase of machinery for producing Roasted Gramme Flour Sattu and Chickpea Flour Besan in our current Ranchi manufacturing facility; financing the Company's working capital requirements; prepayment or repayment of all or a portion of certain outstanding unsecured borrowings obtained by the Company; and for general corporate purposes. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint.

Baba Food Processing IPO lot size is that the investors can bid for a minimum of 1, shares and in multiples thereof. Baba Food Processing is an enterprise that produces agricultural foods. The company, which manufactures wheat floor products, has established itself in both bulk and branded consumer food categories. A broad variety of products are produced by the company, such as Tandoori Atta, Whole Wheat Atta wheat flour , and Semolina flour Sooji. According to media reports, between the financial year ending on March 31, , and March 31, , Baba Food Processing India Limited saw a Investment in our fully owned subsidiary Panchakanya Foods Private Limited "PFPL" to establish a manufacturing facility in Patna, Bihar, consisting of a highly automated roller flour mill and chakki whole wheat atta mill henceforth referred to as the "Project" ; financing the purchase of machinery for producing Roasted Gramme Flour Sattu and Chickpea Flour Besan in our current Ranchi manufacturing facility; financing the Company's working capital requirements; prepayment or repayment of all or a portion of certain outstanding unsecured borrowings obtained by the Company; and for general corporate purposes. The issue received positive response from retail investors who's portion set was subscribed

Baba food processing ipo gmp today

Investors can find out if and how many shares they have been given through the basis of allotment. The number of shares allotted can also be seen in the IPO allotment status. The company has initiated the refund process for applicants not given shares, which would have begun today. Those allotted will receive their shares in their demat accounts. Step 2 Once investors have accessed the initial allotment status page of MAS Services, they have two options. What GMP, experts signal 'positive' debut of shares.

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Even the Retail portion got subscribed an impressive All Rights Reserved. Nuvama Wealth. We have made completely un-biased reviews of stock brokers, we leave it up to you to choose the right stock broker for your financial needs. Strategically located manufacturing facilities with modern infrastructure and integrated manufacturing facilities with a core focus on quality. From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed — it's all here, just a click away! Buy, sell or hold? Request Instant Call Back. Enquire Now. The minimum lot size for the IPO investment will be 1, shares. Nil Anchor Shares Offered. Net offer to Public 41,24, Sh. Angel One.

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Its manufacturing unit is situated in Ranchi and houses two divisions namely, high fibre whole wheat atta division and refined flour division. By Popular Share Brokers. That is also the maximum that the retail investors can invest in the IPO. The subscription has shown strong traction for the IPO across all categories of investors. CryptoCurrencies View Less -. IPO Tentative timetable. Angel One. Yes, Continue. Nil Anchor Shares Offered. All Rights Reserved.