Baba Food Processing (India) Limited IPO

Objectives of the Issue

1. 1Investment in our wholly owned Subsidiary, Panchakanya Foods Private Limited (PFPL) for setting up a manufacturing unit in Patna, Bihar, comprising an ultra-modern highly automated roller flour mill and chakki whole wheat atta mill (hereinafter referred as the Project)
2. 2Funding purchase of machinery for manufacturing Chickpea Flour (Besan) and Roasted Gram Flour (Sattu) in our existing manufacturing unit in Ranchi
3. 3Funding working capital requirements of the Company
4. 4Prepayment or repayment of all or a portion of certain outstanding unsecured borrowings availed by the Company
5. 5General Corporate Purposes.