Mother Nutri Foods IPO
SME Book‑built issue (Fresh + Offer)
UPCOMING IPOMother Nutri Foods Limited is launching a ₹39.59 crore SME IPO — a combined fresh issue of 27,00,000 shares (₹31.67 crore) and offer for sale of 6,76,800 shares (₹7.92 crore). The offer opens on November 26, 2025 and closes on November 28, 2025, with allotment expected on December 1 and a proposed listing on BSE SME on December 3, 2025. The price band is ₹111 to ₹117 per share; the minimum retail application is 2 lots (2,400 shares) = ₹2,80,800 at upper band.
| Face Value | ₹10 per share |
|---|---|
| Issue Price Band | ₹111 to ₹117 per share |
| Offer Structure | Fresh Issue + Offer for Sale (SME) |
| Total Shares | 33,84,000 shares (aggregating up to ₹39.59 Cr) |
| Reserved for Market Maker | 2,43,600 shares (₹2.85 Cr) |
| Fresh Issue (Ex Market Maker) | 24,63,600 shares (₹28.82 Cr) |
| Offer for Sale | 6,76,800 shares (₹7.92 Cr) |
| Net Offered to Public | 31,40,400 shares (aggregating up to ₹36.74 Cr) |
| Issue Type | Book‑building IPO (SME) |
| Listing | BSE SME |
| Shareholding (Pre / Post) | 98,27,820 / 1,25,35,020 shares |
| Lead Manager | Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. |
| Registrar | Bigshare Services Pvt. Ltd. |
| Investor Category | Shares Offered | Share % |
|---|---|---|
| QIB | Not more than 50% of Net Offer | TBC |
| Retail (RII) | Not less than 35% of Net Offer | TBC |
| NII (HNI) | Not less than 15% of Net Offer | TBC |
| Total | 31,40,400 (Net Offered) | 100.00% |
| IPO Open | Wed, Nov 26, 2025 |
|---|---|
| IPO Close | Fri, Nov 28, 2025 |
| Allotment (Tentative) | Mon, Dec 1, 2025 |
| Initiation of Refunds | Tue, Dec 2, 2025 |
| Credit to Demat | Tue, Dec 2, 2025 |
| Listing (Tentative) | Wed, Dec 3, 2025 |
| UPI Mandate Cut‑off | 5 PM on Fri, Nov 28, 2025 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,80,800 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,80,800 |
| S‑HNI (Min) | 3 | 3,600 | ₹4,21,200 |
| S‑HNI (Max) | 7 | 8,400 | ₹9,82,800 |
| B‑HNI (Min) | 8 | 9,600 | ₹11,23,200 |
Amounts calculated at upper price band (₹117 per share).
Mother Nutri Foods Ltd is a B2B peanut butter manufacturer (brand: “Spread & Eat”) offering multiple flavours and variants, supplying international markets including Libya, UAE, Japan and private label clients across several countries. The company operates a manufacturing facility in Mahuva, Bhavnagar, Gujarat and had 41 employees as of July 31, 2025.
Promoters
Chintan Rajnikant Thakar, Umeshbhai Kantilal Sheth, Rajnikant Indubhai Thakar, Parth Umeshkumar Sheth, Naynaben Rajnikant Thakar and Vandnaben U Sheth.
Promoter Holding
| Pre‑Issue | 90.98% |
|---|---|
| Post‑Issue | 65.93% |
FY2023 – FY2025 (₹ crore)
| Period Ended | Assets | Total Income | Profit After Tax | EBITDA | Net Worth | Reserves | Total Borrowing |
|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 70.86 | 90.48 | 6.47 | 10.22 | 24.89 | 19.99 | 22.81 |
| 31 Mar 2024 | 47.78 | 81.05 | 4.78 | 8.48 | 10.44 | 5.98 | 25.43 |
| 31 Mar 2023 | 43.99 | 76.26 | 1.20 | 291.87 | 5.66 | 1.20 | 23.37 |
Source: RHP/DRHP and IPO trackers. FY25 revenue +12% YoY; PAT +35% YoY.
| ROE | 36.64% |
|---|---|
| ROCE | 20.63% |
| RoNW | 26% |
| PAT Margin | 7.17% |
| EBITDA Margin | 11.32% |
| Price to Book Value | 2.30 |
| Market Capitalization | ₹146.66 Cr. |
| EPS (Pre/Post) | 6.58 / 5.16 |
| P/E (Pre/Post) | 17.77 / 22.67 |
| S.No | Objects of Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Setting up new manufacturing facility at Mahuva, Bhavnagar | 23.19 |
| 2 | General Corporate Purposes | TBA |
Mother Nutri Foods Ltd.
Survey No 276/1, Opp. Petrol Pump Mahuva-Bhavnagar Road, At Otha, Mahuva, Bhavnagar, Gujarat, 364295
Phone: 99744 14123
Email: cs@mothernutrifoods.com
Website: http://www.mothernutrifoods.com/
Registrar: Bigshare Services Pvt. Ltd. — Phone: +91-22-6263 8200 — Email: ipo@bigshareonline.com
Lead Manager: Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.
Analyst note: Mother Nutri Foods shows steady revenue growth and improving margins; primary use of proceeds is capacity expansion. SME food plays can be attractive for growth-oriented investors but consider liquidity constraints and valuation (P/E) before applying.
Refer to Mother Nutri Foods DRHP/RHP for full disclosure. Figures are per company filings and IPO trackers; final allotment and listing numbers will be updated after allotment.