Mother Nutri Foods IPO

Incorporated in 2022, Mother Nutri Foods Limited operates as a B2B peanut butter manufacturer offering over 10 flavours and more than 5 product variants. The company sells its products under the “Spread & Eat” brand in markets such as Libya, Dubai, and Japan. Along with its own brand, it also provides private labelling services for domestic and international clients, supplying major hypermarkets, supermarkets, and retail chains. Its private-label customer network extends across multiple countries, including the United Kingdom, Canada, South Africa, Mauritius, Russia, Spain, the United Arab Emirates, Saudi Arabia, Nepal, Bangladesh, the Philippines, Mexico, Israel, the United States, Oman, Kenya, Germany, and Portugal. The company operates a single manufacturing facility in Mahuva, Bhavnagar, Gujarat, and employed 41 personnel, including its Directors, as of 31 July 2025.

Mother Nutri Foods Limited IPO Overview

Mother Nutri Foods IPO is a book-built issue worth ₹39.59 crores, comprising a fresh issue of 0.27 crore shares valuing ₹31.67 crores and an offer for sale of 0.07 crore shares amounting to ₹7.92 crores. The IPO opens for subscription on 26 November 2025 and closes on 28 November 2025, with allotment expected on 1 December 2025. The shares are proposed to list on the BSE SME platform on 3 December 2025. The price band has been set between ₹111 and ₹117 per share, and the lot size is 1,200 shares. Retail investors must apply for a minimum of 2,400 shares, requiring an investment of ₹2,80,800 at the upper price band, while HNIs need to apply for at least 3 lots, totalling 3,600 shares worth ₹4,21,200. Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. is the book-running lead manager, Bigshare Services Pvt. Ltd. is the registrar, and Mansi Share & Stock Broking Pvt. Ltd. acts as the market maker.

Mother Nutri Foods Limited IPO Details

Particulars	Details
IPO Date	26 November 2025 to 28 November 2025
Listing Date	3 December 2025
Face Value	₹10 per share
Issue Price Band	₹111 to ₹117 per share
Lot Size	1,200 Shares
Total Issue Size	33,84,000 shares (aggregating up to ₹39.59 Cr)
Fresh Issue	24,63,600 shares (aggregating up to ₹28.82 Cr)
Offer for Sale	6,76,800 shares (aggregating up to ₹7.92 Cr)
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Share Holding Pre Issue	98,27,820 shares
Share Holding Post Issue	1,25,35,020 shares
Market Maker Portion	2,43,600 shares (aggregating ₹2.85 Cr)

Mother Nutri Foods Limited IPO Reservation

Investor Category	Shares Offered
Market Maker	2,43,600 (7.20%)
QIB	15,69,600 (46.38%)
NII (HNI)	4,71,600 (13.94%)
Retail	10,99,200 (32.48%)
Total	33,84,000 (100%)

Mother Nutri Foods Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	2	2,400	₹2,80,800
Retail (Max)	2	2,400	₹2,80,800
HNI (Min)	3	3,600	₹4,21,200
HNI (Max)	7	8,400	₹9,82,800
B-HNI (Min)	8	9,600	₹11,23,200

Mother Nutri Foods Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	90.98%
Post-Issue	65.93%

Mother Nutri Foods Limited IPO Valuation Overview

KPI	Value
EPS	8.48 (Post IPO)
Price/Earnings (P/E) Ratio	13.8 (Post IPO)
Return on Net Worth (RoNW)	26%
Net Asset Value (NAV)	₹11.80
Return on Equity (ROE)	36.64%
Return on Capital Employed (ROCE)	20.63%
EBITDA Margin	11.32%
PAT Margin	7.17%
Debt to Equity Ratio	1.00 approx

Objectives of the Proceeds

• Setting up a new manufacturing facility in Mahuva, Bhavnagar, Gujarat: ₹23.19 Cr

• General corporate purposes for business growth and expansion

Key Financials (₹ crore)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	70.86	47.78	43.99
Revenue	90.48	81.05	76.26
Profit After Tax	6.47	4.77	1.13
Reserves and Surplus	19.90	5.90	1.13
Total Borrowings	22.81	25.43	23.37