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News Details

30/10/2023 11:20

Baba Food Processing announces launch of initial public offering

Baba Food Processing (India) Ltd. has announced public offering of 4342104 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 66.00 per share. The gross proceeds of the issue are expected to be Rs 3,300.00 lakhs.

The company's initial public offer (IPO) will open on 03 November 2023 and is expected to close on 07 November 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 72.00-76.00 per share.

The IPO includes a fresh Issue of 4342104 Equity Shares of the Company at an price of Rs 76.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Baba Food Processing (India) Ltd. anticipates using the proceeds of the issue for .

Horizon Management Pvt. Ltd. as lead manager & MAS SERVICES LIMITED is the registrar, to the issue.