Mother Nutri Foods IPO
Mother Nutri Foods Ltd. is launching a book-built SME IPO of Rs. 39.59 crore, comprising a fresh issue of 24,63,600 equity shares (Rs. 28.82 crore) and an offer for sale of 6,76,800 equity shares (Rs. 7.92 crore).
The IPO opens on November 26, 2025, and closes on November 28, 2025. The allotment is expected on December 1, 2025, and the listing is tentatively scheduled for December 3, 2025 on BSE SME.
The price band is Rs. 111 to Rs. 117 per share, and the lot size is 1,200 shares.
The minimum investment for retail investors is Rs. 2,80,800 (2,400 shares), and for HNI investors, Rs. 4,21,200 (3,600 shares).
Lead Manager: Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.
Registrar: Bigshare Services Pvt. Ltd.
Market Maker: (Not specified in RHP)
🕗 Last Update: 21 November 2025, 8.00 AM
GMP | Reviews | Subscription | Allotment
IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | November 26, 2025 |
| IPO Close Date | November 28, 2025 |
| Allotment Date | December 1, 2025 |
| Refunds Initiation | December 2, 2025 |
| Credit to Demat | December 2, 2025 |
| Listing Date | December 3, 2025 |
Final Subscription Status
Size Rs. 39.59 Crore (Opens 26 November 2025, Closes 28 November 2025)
| QIB | NII x | RII x | Total x | Applications |
|---|---|---|---|---|
| – | – | – | – | – |
Subscription Review:
(Will be updated after closing of issue)
IPO Details
| Particulars | Details |
|---|---|
| Face Value | Rs. 10 per share |
| Issue Price | Rs. 111 to Rs. 117 per share |
| Lot Size | 1,200 shares |
| Sale Type | Fresh Issue + Offer for Sale |
| Total Issue Size | 33,84,000 shares (Rs. 39.59 Cr) |
| Market Maker Portion | 2,43,600 shares (Rs. 2.85 Cr) |
| Net Offer to Public | 31,40,400 shares (Rs. 36.74 Cr) |
| Issue Type | Book Built Issue |
| Listing At | BSE SME |
| Shareholding Pre-Issue | 98,27,820 shares |
| Shareholding Post-Issue | 1,25,35,020 shares |
Reservation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| QIB | Not more than 50% of Net Offer | – |
| Retail Individual Investors | Not less than 35% of Net Issue | – |
| NII (HNI) | Not less than 15% of Net Issue | – |
| Total | 33,84,000 | 100.00% |
Application Details
| Application | Lots | Shares | Amount (Rs.) |
|---|---|---|---|
| Retail (Min / Max) | 2 | 2,400 | 2,80,800 |
| HNI (Min) | 3 | 3,600 | 4,21,200 |
Promoter Holding
| Particulars | Percentage |
|---|---|
| Promoter Holding Pre-Issue | 90.98% |
| Promoter Holding Post-Issue | 65.93% |
Promoters:
Chintan Rajnikant Thakar, Umeshbhai Kantilal Sheth, Rajnikant Indubhai Thakar, Parth Umeshkumar Sheth, Naynaben Rajnikant Thakar, Vandnaben U Sheth.
About Mother Nutri Foods Ltd.
Incorporated in 2022, Mother Nutri Foods Ltd. is a B2B peanut butter manufacturer offering over 10 flavours and 5+ variants under its own brand “Spread & Eat”.
The company also undertakes private labelling for international and domestic retailers, supplying hypermarkets, supermarkets and retail chains.
Export Markets:
UK, Canada, South Africa, Mauritius, Russia, BVI, Spain, UAE, Saudi Arabia, Nepal, Bangladesh, Philippines, Mexico, Kuwait, Israel, USA, Oman, Kenya, Japan, Germany, Portugal.
Manufacturing Unit: Mahuva, Bhavnagar, Gujarat.
Employees: 41 (as of July 2025).
Competitive Strengths
-
Strong presence in international markets
-
Private label + own brand model
-
Wide product range of peanut butter variants
-
Scalable manufacturing at Mahuva
-
Young company in high-growth FMCG niche
Financial Snapshot (Rs. crore)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 70.86 | 47.78 | 43.99 |
| Total Income | 90.48 | 81.05 | 76.26 |
| Profit After Tax | 6.47 | 4.78 | 1.20 |
| EBITDA | 10.22 | 8.48 | 2.91 |
| Net Worth | 24.89 | 10.44 | 5.66 |
| Total Borrowing | 22.81 | 25.43 | 23.37 |
Key Performance Indicators
| KPI | Value |
|---|---|
| ROE | 36.64% |
| ROCE | 20.63% |
| RoNW | 26% |
| PAT Margin | 7.17% |
| EBITDA Margin | 11.32% |
| P/E (Post-Issue) | 22.67x |
| Price to Book Value | 2.30 |
| Market Capitalization | Rs. 146.66 Cr |
Objects of the Issue (Rs. in crores)
| S.No. | Objects of the Issue | Amount (Rs. Cr) |
|---|---|---|
| 1 | Setting up a new manufacturing facility at Mahuva, Bhavnagar (“Proposed facility”) | 23.19 |
| 2 | General corporate purposes | – |
Company Contact
Mother Nutri Foods Ltd.
Survey No. 276/1, Opp. Petrol Pump,
Mahuva–Bhavnagar Road, At Otha, Mahuva,
Bhavnagar, Gujarat – 364295
📞 99744 14123
✉ cs@mothernutrifoods.com
🌐 http://www.mothernutrifoods.com/
Lead Manager
Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.
Registrar
Bigshare Services Pvt. Ltd.
📞 +91-22-6263 8200
✉ ipo@bigshareonline.com
🌐 https://ipo.bigshareonline.com/IPO_Status.html
Chanakya IPO Review – by Paresh Gordhandas, CA & Research Analyst
Mother Nutri Foods Ltd., a fast-scaling peanut butter manufacturer with strong export exposure and private label partnerships, has shown steady financial growth with a 12% rise in revenue and a 35% jump in PAT in FY25. Margins remain healthy with EBITDA at 11.32% and PAT margin at 7.17%. Return ratios are impressive, with ROE at 36.64%.
With planned capex for a new facility at Mahuva and increasing export traction, the company is positioned for further scale-up.
Chanakya View: Reasonable choice for long-term SME investors who can handle higher ticket size and want exposure to the value-added food exports segment.
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Disclaimer
This coverage is for informational and educational purposes. Chanakya Ni Pothi does not deal in Grey Market Premiums or recommend investments based on GMP data. Please consult your SEBI-registered investment advisor.
