Baba Food Processing India Ltd IPO

The Company was incorporated on April 22, 2015, as `Baba Food Processing (India) Private Limited', a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation issued by the Registrar of Companies, Jharkhand at Ranchi. Subsequently, pursuant to a resolution passed by the Shareholders in an Extra-Ordinary General Meeting held on May 27, 2023, the Company was converted from a private limited company to a public limited company and a fresh certificate of incorporated dated July 20, 2023 was issued by the Registrar of Companies, Jharkhand at Ranchi. Consequent to the conversion of the Company, the name of the Company was changed to `Baba Food Processing (India) Limited'.

Food and grocery market in India is the sixth-largest in the world. Food processing industry contributes 32% to this food market and is also one of the largest industries in the country, contributing 13% to total export and six% of industrial investment. The fast-moving consumer goods (FMCG) sector is India's fourth-largest sector and has been expanding at a healthy rate over the years as a result of rising disposable income, a rising youth population, and rising brand awareness among consumers. India is a country that no FMCG player can afford to ignore due to its middle-class population which is larger than the total population of the USA. The Indian FMCG market continues to rise as more people start to move up the economic ladder and the benefits of economic progress become accessible to the general public. This has been further aided by government initiatives to increase financial inclusion and establish social safety nets.

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 its refined flour division. It also commercialises the by-product and waste material, i.e., wheat bran and other waste materials generated during our manufacturing process as cattle feed and fish feed, which makes its manufacturing unit a zero waste and zero discharge manufacturing unit. Its manufacturing unit is equipped with ultra-modern highly automated Buhler's Swiss Technology PesaMill for manufacturing of stoneless high fibre atta and also an ultra-modern highly automated Buhler's Swiss Technology Roller Flour Mill with installed capacity of 200 Tons per day. The Company also markets and sells Chickpea Flour (Besan) and Roasted Gram Flour (Sattu) under its brand `Panchakanya', however it procures these product from third party manufacturers. The Company markets and sells its products under the brands, Panchakanya and Bhajan.