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.
Grey Market Buzz: Shares Trade 13% Higher Before Official Listing.
Investor Frenzy: IPO Receives 69 Times Subscription.
Retail Overwhelming: Portion Booked 60 Times, Non-institutional Investors Bid 84 Times.
Institutional Interest: Qualified Institutional Buyers Pick Up 147 Times Allotted Quota.
Timeline: IPO Opened on November 3, Closed on November 7.
Pricing Details: Issue at Rs 72-76 per Share, Raises Rs 33 Crore.
Usage of Funds: Investment in Patna Unit, Machinery for Chickpea Flour, and Repayment of Borrowings.
Project Details: Patna Unit to Feature Automated Flour Mill, Funds Also Used for Ranchi Unit.
Registrar and Market Maker: Mas Services Limited and Nikunj Stock Brokers.
Company Background: Baba Food Processing, an Agro-Food Manufacturer.
Expansion Plans: Existing Unit in Ranchi, New Unit in Patna for Diversified Product Range.