Mother Nutri Foods IPO opens November 26 at ₹111–117 band
The Indian stock market is abuzz with the upcoming initial public offering (IPO) of Gujarat-based peanut butter maker Mother Nutri Foods. The company has announced that its SME IPO will launch on November 26, with a price band of ₹111-117 per share. This highly anticipated IPO aims to raise a total of ₹39.6 crore through a combination of fresh issue and offer for sale (OFS).
Mother Nutri Foods is a prominent player in the Indian food industry, specializing in the production of peanut butter and other related products. The company has established a strong reputation for its high-quality products, which are widely consumed across the country. With a strong distribution network and a loyal customer base, Mother Nutri Foods is well-positioned for growth and expansion.
The IPO will comprise a fresh issue of ₹25 crore and an OFS of ₹14.6 crore. The proceeds from the fresh issue will be utilized to meet the company’s working capital requirements, while the OFS will enable existing shareholders to monetize their investments. The allotment of shares is expected to be announced on December 1, and the listing of the company’s shares on the stock exchange is scheduled for December 3.
The price band of ₹111-117 per share has been set after careful consideration of the company’s financial performance, industry trends, and market conditions. The issue is expected to attract strong interest from investors, given the company’s growth potential and the increasing demand for healthy and nutritious food products.
Mother Nutri Foods has a strong track record of financial performance, with revenue growth of over 20% in the past three years. The company’s profit margins have also improved significantly, driven by efficient operations and a focus on quality products. With a strong management team and a clear vision for growth, Mother Nutri Foods is poised to capitalize on the opportunities in the Indian food industry.
The SME IPO platform has been a successful launchpad for many small and medium-sized enterprises (SMEs) in India, providing them with access to capital and enabling them to achieve their growth aspirations. The platform has also offered investors the opportunity to participate in the growth stories of these companies, which have the potential to become leaders in their respective industries.
The IPO of Mother Nutri Foods is expected to generate significant interest among investors, given the company’s strong fundamentals and growth prospects. The issue is open to all categories of investors, including retail investors, high net worth individuals, and institutional investors. With a minimum application size of ₹1 lakh, the issue is accessible to a wide range of investors.
In conclusion, the IPO of Mother Nutri Foods is a highly anticipated event in the Indian stock market, offering investors the opportunity to participate in the growth story of a leading peanut butter maker. With a strong track record of financial performance, a clear vision for growth, and a competitive price band, the issue is expected to attract strong interest from investors. As the Indian food industry continues to grow and evolve, Mother Nutri Foods is well-positioned to capitalize on the opportunities and emerge as a leader in its segment.
Key Highlights of the IPO:
- Issue opens on November 26 and closes on November 30
- Price band: ₹111-117 per share
- Issue size: ₹39.6 crore (fresh issue of ₹25 crore and OFS of ₹14.6 crore)
- Allotment: December 1
- Listing: December 3
- Minimum application size: ₹1 lakh
About Mother Nutri Foods:
Mother Nutri Foods is a Gujarat-based peanut butter maker that specializes in the production of high-quality peanut butter and other related products. The company has a strong distribution network and a loyal customer base, and is well-positioned for growth and expansion in the Indian food industry.
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