Baba Food IPO: Lackluster Debut at Rs 76, 5% Downturn on NSE SME

Baba Food Processing IPO Debuts at Rs 76 on NSE SME on November 15.

Immediate Dip: Stock Slips 5% to Rs 72.2 Post Listing.

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Grey Market Buzz: Shares Trade 13% Higher Before Official Listing.

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Investor Frenzy: IPO Receives 69 Times Subscription.

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Retail Overwhelming: Portion Booked 60 Times, Non-institutional Investors Bid 84 Times.

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Institutional Interest: Qualified Institutional Buyers Pick Up 147 Times Allotted Quota.

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Timeline: IPO Opened on November 3, Closed on November 7.

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Pricing Details: Issue at Rs 72-76 per Share, Raises Rs 33 Crore.

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Usage of Funds: Investment in Patna Unit, Machinery for Chickpea Flour, and Repayment of Borrowings.

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Project Details: Patna Unit to Feature Automated Flour Mill, Funds Also Used for Ranchi Unit.

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Registrar and Market Maker: Mas Services Limited and Nikunj Stock Brokers.

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Company Background: Baba Food Processing, an Agro-Food Manufacturer.

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Expansion Plans: Existing Unit in Ranchi, New Unit in Patna for Diversified Product Range.

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