Mother Nutri Foods IPO: Price, GMP, Analysis, And Details

Mother Nutri Foods IPO- Company Analysis 

Mother Nutri Foods IPO under the SME IPO category is a book build issue of Rs. 39.59 Cr by Mother Nutri Foods Ltd. and is a fast moving consumer goods (FMCG) entity that focuses on agro-food and processed food products. Although originally established as a partnership concern that changed into a proprietary company in 2022, it was fully acquired and converted into a public limited company by 2024.

Among a rich range of products, the company produces:-

• Flours (atta, maida, suji, rawa).

• Gram and cereal-based products.

• Processed foods such as biscuits, flakes, dalia, and confectionery.

• Specialty agro-foods (Manohar).

The company has developed entrenched distribution, higher packaging, consistent adherence to the resource supply chain, and the widening scope of the online environment. As noted by the executives, factors such as the operational level, the desire of the target market to acquire the products, and brand name recognition of the goods account for the revenue growth during the recent three-year period.

Mother Nutri Foods IPO Details

The Mother Nutri Foods IPO date of opening is 26 November 2025, its initial public offering will end on 28 Nov, IPO allotment on Dec 01 and refund initiation on Dec 02, 2025.

The Rs. 39.59 crore new SME IPO comprises a wholly fresh issue of 0.27 crore shares (Rs. 31.67 Cr) and offer for sale of 0.07 crore shares (7.92 Cr).

The Mother Nutri Foods IPO listing date (expected) might be on Wednesday, Dec 03, 2025, and listing at the BSE and SME. 

The Mother Nutri Foods IPO price band is Rs. 111 to Rs. 117.

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Nov 26, 2025
IPO Closing Date	Nov 28, 2025
IPO Allotment Date	Dec 01, 2025
Refund Initiation	Dec 02, 2025
IPO Listing Date	Dec 03, 2025

 

Click to open demat account and apply for the IPO.

 

Company Financials

(Amount in Cr)

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
PAT	6.47	4.77	1.13
EBITDA	10.22	8.48	2.92
Net Worth	24.89	10.44	5.66
Reserves and Surplus	19.90	5.90	1.13
Total Borrowing	22.81	25.43	23.37

 

Cash Flows

(Amount in lac)

Net Cash Flow	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	(308.86)	(16.18)	(2,079.89)
Net Cash Flow Investing Activities	(14.43)	(4.29)	(142.75)
Net Cash Flow Financing Activities	324.65	12.30	2,232.73

Revenue Bifurcation

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Setting up a new manufacturing facility located at Mahuva, Bhavnagar in Gujarat (“Proposed facility”). ~ Rs. 23.19 Cr.

• General corporate purposes. 

Listed Peers of Mother Nutri Foods Ltd.

No listed peer of a similar size is engaged in the same lines of business as mentioned in the RHP.

Valuation

KPI	Values
ROE	36.78%
ROCE	20.66%
RoNW	26.07%
PAT Margin	7.17%
EBITDA Margin	11.32%

 

 

Evaluation of P/E Ratio

Considering the period ended on FY 2025 with an EPS of Rs. 7.06 from the last year, the resulting P/E ratio is 16.57x.

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IPO's Strengths

• The company continues to expand its distribution reach and improve the mix of products, and achieve optimised profitability from its operations. There is a sustained growing revenue stream and profitability from FY23 to FY25.

• Mother Nutri Foods has a complete line of fast-moving consumer goods (FMCG) and diversified food products that include snacking, instant food mixes, beverages, food and, thereby minimising dependence on a single food category.

• This allows the company to have full control over production, packing, and quality control, which allows the company to have control, efficiency, and craftsmanship.

• The management has experience within the GTA in FMCG, and, along with food processing, the company knows how to grow and keep the business in order.

IPO’s Weaknesses

• The company shares its space with huge players and many smaller, unorganised ones. Thus, there is little to no control over pricing.

• Materials needed for the business, such as grain, pulse, and spices packaging, are all very unstable and directly contribute to the margins.

• Any FMCG business is going to need a sizable amount of inventory to manage receivables, and in turn, the company is going to need to have distribution in order to not lose liquidity.

• The company relies mostly on a few regions for all its sales and the company has no control over the economy or competition within those regions.

• If the company or employees don't comply with FSSAI Standards, hygiene, or the quality of the product itself, then their business reputation is going to take a big hit.

 

Mother Nutri Foods IPO GMP (Grey Market Premium)

Mother Nutri Foods IPO GMP today is Rs. 0 as of 24 Nov 2025 at the time of writing this information.

Mother Nutri Foods IPO Summary

The Mother Nutri Foods IPO has a market maker portion size of 2,43,600 Shares (Rs. 2.85 Cr).

IPO Opening & Closing Date	26 Nov, 2025 to 28 Nov, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 111 to Rs. 117 per Share.
Lot Size	1200 Shares
Issue Size	33,84,000 Shares (Rs. 39.59 Cr)
Offer for Sale	6,76,800 Shares (Rs. 7.92 Cr)
Fresh Issue	24,63,600 Shares (Rs. 28.82 Cr)
Listing at	BSE, SME
Issue Type	Book build issue IPO
Registrar	Bigshare Services Pvt. Ltd.

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (2400 Shares) for Rs. 2,80,800 and in multiples thereof, while for S-HNI investors, the minimum Lot is 3 (3600 Shares) for Rs. 4,21,200.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
S-HNI (Min)	3 Lots

 

Mother Nutri Foods IPO Allotment Status

To check the Mother Nutri Foods IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of Mother Nutri Foods Ltd.

• Chintan Rajnikant Thakar

• Umeshbhai Kantilal Sheth

• Rajnikant Indubhai Thakar

• Parth Umeshkumar Sheth

• Naynaben Rajnikant Thakar

• Vandnaben U Sheth.

Pre-Issue Promoter Shareholding	90.98%
Post-Issue Promoter Shareholding	65.93%

 

IPO Lead Managers

• Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.  

 

Dividend Policy

The company has not declared a dividend during the last three financial years.

 

Conclusion

Mother Nutri Foods IPO highlights a rapidly expanding FMCG business with robust sales momentum, a variety of product lines, and significant distribution power. The company's growing profitability and impending new manufacturing facility support its long-term growth potential, even though competition and raw material instability continue to be major obstacles. 

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.