Baba Food Processing India Limited IPO Message Board (Page 3)

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Good luck to all allottees 💐
Happy Dhanteras 🌟✨💰💰

Not Alloted

Allotment out on registrar web site

Baba food & Micropro software both ipo closed on 07 Nov.23. Micropro software ipo listing today. Still Baba food allotment not out. Registered is not good.

Still no update on allotment???

BABA allotement dede teri vaje se ROX Hi-Tech to nikal gaya kahi Kalyani Cast Tech bhi nikal na jaye...........

WE SHOUD BYCOTT NEXT TIME DUE TOO DELAYED SERVICES .NOT FOLLOWING T+1 SEBI NEW RULE BY MAS.

New rule is optinal till 30 Nov & mandatory from 01 Dec 23.

Happy to skip it. Falling GMP and late allotment must be quite annoying to applicants. Hope, it gives some gains to allottees.

Dear Mas Financial Service ,
Pls. celebrate last few days of existance in the stock market. With this kind of pathetic service and laid back approach ,your pack-up will happen soon.

why they are taking so much time . my 5 id amount block

🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀@Vishnusurya infra

Given my perspective on Baba which is doing similar biz like MEGASTAR FOODS, where recently Garware Family office bought.

MEGASTAR:

300MT/day (adding 300MT/day)

mkt orientation: B2B 75% (they have changed from B2C) MNC clients so pressure😡

Brands: No

Valuation: 35x+ bottomline

----
*BABA*

*200MT/day (adding 250Mt/day) immediately adding pea based Sattu & Besan* at Ranchi which is currently o/sed and marketed.

*Market orientation*: B2C 75% (extended east mkt, Andhra, Telengana)
(new capacity may dilute B2C color in FY26 once Bihar Unit in place)

*Brands*: Panchakanya, Bhajan, Baba does Suji. and other value added products besides by-product animal feed.

*Clients:* 6-7 marquee names (ITC, Parle, Anmol, etc), Nestle under negotiation, Britannia as well

*East Zone*: Price sensitive zone, PPL prefers local brands more than pricier ones (I hail from East , more experienced, Anmol Biscuit more popular 😄)

*Valuation:* Baba at Rs5+ EPS offer price is at 15x vs Baba 40+ (historical avg 35x) with equal margin and return profile....

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*Unitary maths* for wheat processing biz
👇
100Mt/day capacity will give 110-115cr Rev, with GPM 17-18%, EBIDTA would vary 6-7% depending on mkting orientation. PAT as per capital structure, Taxn 25%.. WC churns will yield RoE/RoCE. Both have done nearly equally.

Baba is being offered at more than half the valuation of Megastar Foods.

The CFO, a CA, I found quite competent in answering all qns unlike in others where the operator takes only soothing selective qns.

Only issue I found the street is -ve on , is because the lead manager, Horizon has handled only one issue which has not done well. Had it been under Hem or Beeline situation have been🚀.

Believe good demand in listing due to under-valuation in a performing co having no demand issues, Price could eventually factor closer to Megastar Foods.

​@kapildevsharma  Agree with you in toto...! Megastar is the perfect peer.

Another listed peer:
Kovilpatti Lakshmi Roller Flour Mills Ltd

Registrar website mention that allotment will be T+3

Then lets start analysis this Registrar in these 3 days time...

Any past experience, future prospects, Shall we boycott or not, arrogance, etc etc

micropro soft registrar purva updated which is closed same day. baba ka registrar isnt updated RIGHT NOW AS PER SEBI.

Registrar website show's T+3 allotment i.e. 10 th November
Very pathetic 😑😕

we have to teach Mas Services a lesson by comment on their google reviews and social media accounts.

Yup... earlier got info that they will be following T+1 for this ipo and based on that applied..now because of this T+3 not able to applied good IPOs closed today..next ipo by MAS should be mass boycotted

This is all bad tricks of GMP market operators. They just want to create a panic to corner maximum MAAL, once they corner it enough qnty than they open it at very high premium taking benefit of short covering.

Better to stay away from grey market dealing.

We should be focus on what we are investing in

This is a profit making company and in very basic FMCG product and already having good channel to market its product.

It will give good listing gain and one can hold for medium term.

👏

GMP for this company also falling down fast. Hope there is some listing premium for allottees. Myself not applied

Don't have greymarket access so skipped

Applied 3 in application in retail. My view is moderate listing gain / less chance of nagative listing.

Applied 4 applications in HNI and 3 in retails

.Not much enthusiastic about this company and LM combination. Not applied. But I hope there will be some listing gain seeing the oversubscription