Baba Food Processing IPO GMP

Baba Food Processing (India) Limited is set to launch its SME IPO on the NSE Emerge platform. This company is offering a 100% fresh issue, with each share having a face value of Rs 10. The issue price and lot size are expected to be disclosed soon. In this blog, we’ll explore the Grey Market Premium (GMP) for the Baba Food Processing IPO, as well as delve into some key details about the company.

Baba Food Processing IPO GMP

[Last Updated: 14-Nov-2023; 08:41] Here is a summary of the Baba Food Processing IPO GMP data:

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GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
15-11-2023₹76.00₹56100₹81 (6.58%)
14-11-2023₹76.00₹56100₹81 (6.58%)
13-11-2023₹76.00₹56100₹81 (6.58%)
12-11-2023₹76.00₹89700₹84 (10.53%)
11-11-2023₹76.00₹89700₹84 (10.53%)
10-11-2023₹76.00₹89700₹84 (10.53%)
09-11-2023₹76.00₹89700₹84 (10.53%)
08-11-2023₹76.00₹1619500₹92 (21.05%)
07-11-2023₹76.00₹1619500₹92 (21.05%)
06-11-2023₹76.00₹2834000₹104 (36.84%)
05-11-2023₹76.00₹3042600₹111 (46.05%)
04-11-2023₹76.00₹3042600₹111 (46.05%)
03-11-2023₹76.00₹3042600₹111 (46.05%)
02-11-2023₹76.00₹3542600₹111 (46.05%)
01-11-2023₹76.00₹3036500₹106 (39.47%)
31-10-2023₹76.00₹3036500₹106 (39.47%)
30-10-2023₹76.00₹2429200₹100 (31.58%)
29-10-2023₹76.00₹76 (0%)
28-10-2023₹76.00₹76 (0%)
27-10-2023₹ (0%)

Understanding Baba Food Processing IPO GMP

The Grey Market Premium (GMP) is a significant metric for investors, especially those looking to participate in initial public offerings (IPOs). It represents the price at which an IPO is traded in an unofficial, unregulated grey market before it officially lists on a stock exchange. The GMP is a reflection of how the IPO might perform on its listing day.

The GMP is essentially the premium or discount that potential investors are willing to pay in the grey market before the IPO is officially listed. A positive GMP suggests that the IPO is likely to list at a profit, while a negative GMP indicates that the IPO might list at a discount.

It’s important to note that GMP is highly volatile, and making investment decisions solely based on this metric can be risky. Investors should consider all factors, including the company’s fundamentals and financials, before deciding whether to invest in the Baba Food Processing SME IPO.

Baba Food Processing SME IPO Dates

The IPO process is a structured one, with specific dates and timelines. Here are the key dates related to the Baba Food Processing SME IPO:

  • Baba Food IPO Open Date: 3rd November 2023
  • Baba Food IPO Close Date: 7th November 2023
  • Basis of Allotment Finalization Date: 10th November 2023
  • Refunds Initiation: 13th November 2023
  • Credit of Shares to Demat Account: 15th November 2023
  • Baba Food IPO Listing Date: 16th November 2023

These dates provide a clear timeline for investors interested in participating in the Baba Food Processing IPO.

About Baba Food Processing

Baba Food Processing (India) Limited was established in 2005 and is primarily involved in the production of various food products, including high-fiber whole wheat atta (wheat flour), refined flour (maida), tandoori atta, and semolina flour (sooji). The company’s state-of-the-art production facility is located in Ranchi and comprises two key departments: the High Fiber Whole Wheat Flour Department and the Refined Flour Products Department.

The company takes pride in its eco-friendly approach, as it also markets by-products and waste materials, such as wheat bran and other materials generated during the manufacturing process, as livestock and fish feed. This approach makes their production unit waste and effluent-free.

Baba Food Processing has successfully established itself as a preferred brand for wheat bran and refined flour for home use. Their business model focuses on tight control over various processes, including raw material sourcing, production, inventory management, and distribution logistics. They are dedicated to maintaining high product quality standards and aligning with consumer preferences across all market segments.

One noteworthy aspect of their operations is their zero-waste production unit. The company ensures that waste generated during production is either sold or processed as livestock or fish feed. This zero-waste approach not only helps in environmental conservation but also provides additional revenue streams.

Strengths of Baba Food Processing SME IPO

Baba Food Processing boasts several strengths that make it an attractive proposition for potential investors:

  • A widespread distribution network and presence across various retail channels.
  • A diversified product portfolio, catering to different customer preferences.
  • Strong brand recall and an established track record in the food industry.
  • Existing client and supplier relationships, ensuring stability in the supply chain.
  • A strong focus on quality assurance and quality control for its products.
  • Strategically located manufacturing facilities with modern infrastructure.
  • Efficient sourcing practices and locational advantages.
  • A well-experienced management team with proven project management and implementation skills.

With a solid foundation and a focus on quality and sustainability, Baba Food Processing appears to have a promising future.

Conclusion

The Baba Food Processing SME IPO is generating interest in the market, as indicated by the GMP data. However, potential investors should remember that GMP is not the sole factor to consider when making investment decisions. Comprehensive research, understanding the company’s fundamentals, and consulting with financial experts are essential steps in making a well-informed investment decision.

As the IPO dates approach, keeping an eye on market developments and staying informed about the company’s financial health will be crucial for potential investors looking to participate in the Baba Food Processing IPO.

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