Mother Nutri Foods IPO Subscription Status; IPO Subscribed 2.44 Times So Far on Final Day of Bidding

Bhavnagar, November 28: Mother Nutri Foods IPO is continuing to see strong investor demand on its last day of bidding. Until 1:45 PM, it had been subscribed by a total of 2.44 times, receiving bids for 53,76,000 shares, against 22,00,800 shares on offer. Non-Institutional Buyers are leading the subscription by 3.60 times, bidding for 16,96,800 shares, against 4,71,600 shares on offer. They are followed by retail investors with a subscription of 2.33 times, bidding for 25,58,400 shares, against 10,99,200 shares on offer. QIBs have subscribed to the IPO with the lowest factor of 1.78 times, bidding for 11,20,800 shares, against 6,30,000 shares on offer.

Mother Nutri Foods is an Indian agro-food processing company that specialises in the manufacturing and export of peanut butter and other peanut-based products. It operates primarily as a Business-to-Business (B2B) manufacturer. The company was established in 2022 and is headquartered in Bhavnagar, Gujarat.

Key Details About Mother Nutri Foods IPO

The ₹39.59 crore Mother Nutri Foods IPO is a combination of fresh issue of 0.27 crore shares aggregating to ₹31.67 crores and offer for sale of 0.07 crore shares aggregating to ₹7.92 crores. Mother Nutri Foods’ IPO price band is at ₹111 to ₹117 per share. The lot size is 1,200 shares per application. The minimum investment amount required by a retail investor is ₹2,80,000 (2,400 shares) at the upper price band. The minimum lot size investment for HNI is 3 lots (3,600 shares), amounting to ₹4,21,200. Marwadi Chandarana Intermediaries Brokers Pvt.Ltd is the book running lead manager, and Bigshare Services Pvt.Ltd is the registrar of the issue. The Market Maker of the company is Mansi Share & Stock Broking Pvt.Ltd.

Mother Nutri Foods IPO: Anchor Allocation

Ahead of the IPO, Mother Nutri Foods raised ₹10.99 crore from anchor investors by allocating 9,39,600 shares, at ₹117 per share. Key investors included Vikasa India EIF I Fund – Incube Global Opportunities, Amicorp Capital (Mauritius) Limited, and Radiant Global Fund – Class B Participating Shares.

What’s Ahead for Mother Nutri Foods IPO?

Mother Nutri Foods IPO has entered its last day of bidding, and is continuing to see high investor demand, especially from NIBs and retail investors. With only a few hours left in the subscription window closure, the IPO is expected to garner more demand. The IPO allotment is expected on December 1, followed by share credits and refunds on December 2. The company’s shares are scheduled to list on the BSE SME platform on December 3.

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