Baba Food Processing India Ltd Share Price

(BABAFP)

Baba Food Processing India Limited was incorporated on April 22 2015 as Baba Food Processing India Private Limited pursuant to a Certificate of Incorporation issued by the Registrar of Companies Jharkhand at Ranchi. Subsequently Company converted to a Public Limited Company and a fresh Certificate of Incorporation dated July 20 2023 was issued by the Registrar of Companies Jharkhand at Ranchi. Consequent to the conversion the name of Company was changed to Baba Food Processing India Limited.The Company is engaged in the business of manufacturing high fibre Whole Wheat Atta Wheat Flour Refined Flour Maida Tandori Atta Semolina flour Sooji in refined flour division. The state of art manufacturing unit is situated in Ranchi and houses two divisions namely high fibre whole wheat atta division and refined flour division. The Company manufacture high fibre Whole Wheat Atta Wheat Flour in whole wheat atta division and Refined Flour Maida Tandori Atta Semolina flourSooji in refined flour division.Apart from this the Company commercialize the byproduct and waste material i.e. wheat bran and other waste materials generated during the manufacturing process as cattle feed and fish feed which makes manufacturing unit a zero waste and zero discharge manufacturing unit. The manufacturing unit is equipped with ultramodern highly automated Buhlers Swiss Technology PesaMill for manufacturing of stoneless high fibre atta and also an ultramodern highly automated Buhlers Swiss Technology Roller Flour Mill with installed capacity of 200 Tons per day. It market Chickpea Flour Besan and Roasted Gram Flour Sattu under Panchakanya brand.The Promoter prior to incorporation of Company was associated with a partnership firm under the name M/s. Baba Flour Mill which was engaged into trading of agrocommodities and milling of rice and grains. In 2015 the Promoter incorporated the Company and in 2016 they set up an ultramodern highly automated Buhlers Swiss Technology PesaMill for manufacturing of stoneless high fibre atta. Subsequently it launched brands under Panchakanya and Bhajan for marketing and selling of Whole Wheat Atta. In 2018 it expanded the product portfolio by setting up an ultramodern highly automated Buhlers Swiss Technology Roller Flour Mill for manufacturing of Refined Flour Maida Tandori Atta Semolina Flour Sooji in the same manufacturing unit. Presently the Company markets and sells in products in Jharkhand Odisha and West Bengal. Therefore the Company incorporated its whollyowned subsidiary under the name Panchakanya Foods Private Limited dated April 5 2023. The Company is proposing Initial Public Offering aggregating Rs 33 Crores Equity Shares through Fresh Issue..

Revenue: ₹43.25Cr as on September 2023 (Q3 23)
Net Profit: ₹1.37Cr as on September 2023 (Q3 23)
Listing date: 15 Nov, 2023