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MN

Mother Nutri Foods IPO

Listed SME BSE SME · Other Food Products

Price Band

₹111.0–117.0

Issue Size

₹39.59 Cr

Lot Size

1,200 shares

Min Investment

₹280,800

2 LOTS MIN

GMP

Grey Market Premium — the unofficial premium buyers are currently willing to pay over the issue price once this IPO lists. It's an informal market estimate, not guaranteed, and can move daily right up to listing day. Learn more: GMP vs Kostak vs Sauda →

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Issue Price

₹117.0

Mother Nutri Foods IPO AI Summary

  • Mother Nutri Foods IPO is listed on BSE SME in the Other Food Products sector.
  • Price band: ₹111.0–₹117.0 per share, lot size 1,200 shares (min. investment ₹280,800, 2 lots minimum).
  • Subscription window: 26 Nov–28 Nov 2025, listing on 03 Dec 2025.

TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.

Mother Nutri Foods IPO — Third-Party Research Views

Reviews below reflect analyst calls made before this IPO closed on 28 Nov 2025 — not a current signal.

Neutral 25 Jul

Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.

Important Dates

IPO Open Date
Wed, 26 Nov 2025
IPO Close Date
Fri, 28 Nov 2025
Allotment Date
Mon, 01 Dec 2025
Refund Initiation
Tue, 02 Dec 2025
Credit of Shares
Tue, 02 Dec 2025
Listing Date
Wed, 03 Dec 2025
Listing Price
₹117.0 +0.0%

Subscription Status

Subscription data unavailable

Mother Nutri Foods IPO Grey Market Premium (GMP) Today

GMP not available yet

Grey Market Premium is updated daily. Check back closer to the listing date.

About the Company

Incorporated in 2022, Mother Nutri Foods Limited is a B2B peanut butter manufacturer offering more than 10 flavours and over 5 variants of peanut butter. The company markets its products under the brand “Spread & Eat”, which is sold in international markets such as Libya, Dubai, and more recently in Japan. Alongside its own brand, the company undertakes private labelling for domestic and international clients, supplying hypermarkets, supermarkets, and retail chains. Its private label customer base spans multiple countries, including the United Kingdom, Canada, South Africa, Mauritius, Russia, British Virgin Islands, Spain, United Arab Emirates, Saudi Arabia, Nepal, Bangladesh, the Philippines, Mexico, Kuwait, Israel, the United States, Oman, Kenya, Germany, and Portugal. The company operates a single manufacturing facility located at Mahuva, Bhavnagar, Gujarat, India, and as of July 31, 2025, employs 41 personnel, including its Directors.

Company Financials (₹ Cr)

As of 2025-09-30

Period Ended 30 Sep 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 83.67 70.86 47.78 43.99
Total Income 50.47 90.48 81.05 76.26
Profit After Tax 5.32 6.47 4.77 1.13
EBITDA 7.44 10.22 8.48 2.92
NET Worth 30.45 24.89 10.44 5.66
Reserves and Surplus 20.54 19.90 5.90 1.13
Total Borrowing 30.53 22.81 25.43 23.37

Key Ratios

EPS

₹6.58

NAV

₹50.79

ROE

36.64%

ROCE

20.63%

RoNW

26%

P/B Value

2.30

P/E Ratio

17.78

Market Cap

₹146.66 Cr

PAT Margin

7.17%

Promoters

Chintan Rajnikant Thakar, Umeshbhai Kantilal Sheth, Rajnikant Indubhai Thakar, Parth Umeshkumar Sheth, Naynaben Rajnikant Thakar and Vandnaben U Sheth

Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Setting up a new manufacturing facility located at Mahuva, Bhavnagar in Gujarat (Proposed facility) 23.19 2 General Corporate Purposes 5.94 3 Issue Expenses 3.18 Total 32.31

IPO Evaluation

Generated 23 Sep 2026

Revenue Trend

Total income was ₹76.26 Cr in the year ending 31 Mar 2023, increasing to ₹81.05 Cr by 31 Mar 2024. The revenue continued to grow, reaching ₹90.48 Cr by 31 Mar 2025, though it declined to ₹50.47 Cr by 30 Sep 2025. Note that this last figure is for a 9-month period, not a full year, so isn't directly comparable.

Profit Trend

Profit After Tax was ₹1.13 Cr in the year ending 31 Mar 2023, rising to ₹4.77 Cr by 31 Mar 2024. It further increased to ₹6.47 Cr by 31 Mar 2025, before dropping to ₹5.32 Cr by 30 Sep 2025. Again, this last figure is for a 9-month period, so isn't directly comparable.

Grey Market Premium, Explained

The Grey Market Premium (GMP) refers to the unofficial trading of shares before they are officially listed on the stock exchange. It is an indicator of the expected listing price and can provide insights into market sentiment regarding the IPO.

Who This IPO Suits

Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's growth potential and market position.

Who May Want to Wait

Investors who are risk-averse or prefer stable investments may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties in the early stages of trading.

IPO Timeline, Explained

The IPO process includes several key dates: the issue opens on November 26, 2025, and closes on November 28, 2025. Allotment of shares will be done on December 1, 2025, with the listing date set for December 3, 2025.

Listing Gains — The Risk

Listing gains refer to the potential profit an investor can make by selling shares on the listing day at a price higher than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-listing.

This evaluation is generated from Mother Nutri Foods's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.

Frequently Asked Questions

What is the price band of Mother Nutri Foods IPO?

The price band of Mother Nutri Foods IPO is ₹111.0–₹117.0 per share.

When does Mother Nutri Foods IPO open and close?

Mother Nutri Foods IPO opens on 26 November 2025 and closes on 28 November 2025.

When does Mother Nutri Foods IPO list on the stock exchange?

Mother Nutri Foods IPO listed on 03 December 2025 at ₹117.0.

What is the lot size for Mother Nutri Foods IPO?

The lot size for Mother Nutri Foods IPO is 1200 shares, requiring a minimum investment of ₹280,800 (2 lots).

What is the price band for the IPO?

The price band for the IPO is ₹111.0 to ₹117.0.

What is the minimum investment required?

The minimum investment required is ₹280,800.

What is the lot size for the IPO?

The lot size for the IPO is 1200 shares.

When does the IPO open and close?

The IPO opens on November 26, 2025, and closes on November 28, 2025.

What is the listing date for the shares?

The listing date for the shares is December 3, 2025.

Issue Details

Issue Type SME Book Built
Issue Size ₹39.59 Cr
Price Band ₹111.0 – ₹117.0
Issue Price ₹117.0
Lot Size 1,200 shares
Min Investment ₹280,800 (2 lots minimum)
Exchange BSE SME
Sector Other Food Products
Open Date 26 Nov 2025
Close Date 28 Nov 2025
Allotment 01 Dec 2025
Listing Date 03 Dec 2025

Investor Allocation

QIB (Institutional) 50%
NII / HNI 15%
Retail (RII) 35%

Registrar

Bigshare Services Pvt.Ltd.

Lead Managers / Book Running

Marwadi Chandarana Intermediaries Brokers Pvt.Ltd.

IPO Timeline

Open

26 Nov 2025

Close

28 Nov 2025

Allotment

01 Dec 2025

Listing

03 Dec 2025

Community Sentiment

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