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Mother Nutri Foods IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details
Mother Nutri Foods Limited is primarily engaged in the manufacturing and supply of peanut butter and related nut-based products. The business model centers on processing peanuts into value-added consumer food products sold across domestic and international markets. Revenue is generated through B2B supply agreements and contract manufacturing of nut-based spreads used in retail consumption, private labels, and export markets.
Mother Nutri Foods,an Book Built Issue, amounting to ₹
39.59 Crore, consisting an fresh issue of 0.27 crore shares worth ₹31.67 crores and offer for sale of 0.07 crore shares totaling to ₹7.92 crores.The subscription period for the Mother Nutri Foods IPO opens on November 26, 2025, and closes on November 28, 2025. The allotment is expected to be finalized on or about Monday, December 01, 2025., and the shares will be listed on the BSE SME with a tentative listing date set on or about Wednesday, December 03, 2025.
The Share Price Band of Mother Nutri Foods IPO is set at ₹111 to ₹117 per equity share. The Market Capitalisation of the Mother Nutri Foods at IPO price of ₹117 per equity share will be ₹
146.66 Crores. The lot size of the IPO is 1200 shares. Retail investors are required to invest a minimum of ₹
280,800, 2 lots (
2,400 shares), while the minimum investment for High-Net-Worth Individuals (HNIs) is
3 lots (
3,600 shares), amounting to ₹
421,200.
Marwadi Chandarana Intermediaries Brokers Pvt.Ltd. are the book running lead manager of the Mother Nutri Foods Ltd. while Bigshare Services Pvt.Ltd. is the registrar for the issue. The Market Maker of the company is Mansi Share & Stock Broking Pvt.Ltd..
Mother Nutri Foods Limited IPO GMP Today
The Grey Market Premium of Mother Nutri Foods IPO is expected to be ₹0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.
Mother Nutri Foods Limited IPO Live Subscription Status Today: Real-Time Update
The subscription period for the Mother Nutri Foods IPO opens on November 26, 2025
Mother Nutri Foods Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Mother Nutri Foods IPO allotment date is 01 December 2025, Monday, Mother Nutri Foods IPO Allotment will be out on 01 December 2025, Monday.and will be live on Registrar Website from the allotment date.
Check Bigshare Services Private Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Mother Nutri Foods IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of Mother Nutri Foods Limited IPO
Mother Nutri Foods to utilise the Net Proceeds towards the following objects:
1. ₹2,319.34 Lakh is required for Setting up a new manufacturing facility located at Mahuva, Bhavnagar in Gujarat.
2. General Corporate Purposes.
Refer to Mother Nutri Foods Limited RHP for more details about the Company.
Mother Nutri Foods Limited Day Wise IPO GMP Trend
| GMP Date | Issue Price | Expected Listing Price | GMP | Last Updated |
|---|---|---|---|---|
| November 22, 2025 | N/A | N/A | ₹0(0.0%) | 22 November 2025; 12:25 PM |
| November 22, 2025 | N/A | N/A | ₹0(0.0%) | 26 November 2025; 10:42 AM |
Mother Nutri Foods IPO Details
| Market Capitalization | ₹146.66 Cr. |
| IPO Date | November 26, 2025 to November 28, 2025 |
| Listing Date | December 03, 2025 |
| Face Value | ₹10 Per Share |
| Price Band | ₹ 111 to ₹ 117 per share |
| Issue Price | ₹117 per share |
| Employee Discount | NA |
| Lot Size | 1200 Equity Shares |
| Total Issue Size | 33,84,000 Equity Shares (aggregating to ₹39.59 Cr) |
| Fresh Issue | 27,07,200 Equity Shares (aggregating to ₹31.67 Cr) |
| Offer for Sale | 6,76,800 Equity Shares (aggregating to ₹7.92 Cr) |
| Issue Type | Book Built Issue |
| Listing At | BSE SME |
| Share holding pre issue | 9,827,820 |
| Share holding post issue | 12,535,020 |
| Rating | Avoid |
Mother Nutri Foods IPO Anchor Investors Details
| Bid Date | November 25, 2025 |
| Shares Offered | 9,39,600 |
| Anchor Portion Size (In Cr.) | 10.99 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 31, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 01, 2026 |
Mother Nutri Foods IPO Timeline (Tentative Schedule)
| IPO Open Date | Wed, Nov 26, 2025 |
| IPO Close Date | Fri, Nov 28, 2025 |
| Basis of Allotment | Mon, Dec 1, 2025 |
| Initiation of Refunds | Tue, Dec 2, 2025 |
| Credit of Shares to Demat | Tue, Dec 2, 2025 |
| Listing Date | Wed, Dec 3, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Nov 28, 2025 |
Mother Nutri Foods IPO Reservation
| Investor Category | Shares Offered | Reservation % |
|---|---|---|
| QIB Portion | 1,570,200 | Not less than 50% of the Net Offer |
| Non-Institutional Investor Portion | 471,060 | Not more than 15% of the Net Issue |
| Retail Shares Offered | 1,099,140 | Not more than 35% of the Net Offer |
| Market Maker Portion | 243,600 | - |
Mother Nutri Foods IPO Promoter Holding
| Share Holding Pre Issue | 90.98% |
| Share Holding Post Issue | 65.93% |
Mother Nutri Foods IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹280,800 |
| Retail (Max) | 2 | 2,400 | ₹280,800 |
| S-HNI (Min) | 3 | 3,600 | ₹421,200 |
| S-HNI (Max) | 7 | 8,400 | ₹982,800 |
| B-HNI (Min) | 8 | 9,600 | ₹1,123,200 |
Mother Nutri Foods IPO Subscription Status
| Investor Category | Shares Offered | Shares Bid For | No of Times Subscribed | Last Upadeted |
|---|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 6,30,000 | 63,62,400 | 10.10x | 02 December 2025; 10:23 AM |
| Non Institutional Investors(NIIS) | 4,71,600 | 1,62,27,600 | 34.41x | 02 December 2025; 10:23 AM |
| Retail Individual Investors (RIIs) | 10,99,200 | 1,24,36,800 | 11.31x | 02 December 2025; 10:24 AM |
| Total | 22,00,800 | 3,50,26,800 | 15.92x | 02 December 2025; 10:24 AM |
About Mother Nutri Foods Limited
Mother Nutri Foods Limited is primarily engaged in the manufacturing and supply of peanut butter and related nut-based products. The business model centers on processing peanuts into value-added consumer food products sold across domestic and international markets. Revenue is generated through B2B supply agreements and contract manufacturing of nut-based spreads used in retail consumption, private labels, and export markets.
The company serves institutional buyers, private label brands, and export customers seeking nut-based food products. It operates two strategically located facilities in Taluka Surendranagar, Village Dhrangadhra, Gujarat. The first facility focuses on peanut butter processing, while the second supports expanded production capacity for nut spreads, enhancing scale and export-readiness.
The product portfolio includes peanut butter, flavored peanut butters, chocolate spreads, and almond-based products, positioned as health-oriented, high-protein consumer offerings. These products fit into the downstream segment of the food value chain, catering to FMCG, retail, and export channels. Segment-wise order book or execution visibility is not disclosed in the available excerpts.
As of Sep 30, 2025, the company had 41 employees. The Banker to the Company is HDFC Bank Limited.
Management & Strategic Vision
Management intends to position Mother Nutri Foods as a scalable, export-ready nut-based foods manufacturer with strengthened manufacturing capabilities and a diversified product range. The focus appears to be on enhancing production efficiency, expanding product flavors, and improving market penetration across international markets where peanut butter demand is rising. Strategic emphasis likely includes strengthening distribution relationships and institutional supply channels
Industry Analysis
Peanut butter and nut-based spreads represent a growing segment of the plant-based protein market, supported by rising global health consciousness and higher adoption of nut spreads in Western and emerging Asian markets. India continues to strengthen its position as a significant peanut-processing and export hub, benefitting from agricultural output, cost advantages, and expanding packaged food demand. The global nut spreads market is generally expanding at mid-to-high single-digit CAGR driven by retail consumption and private-label growth.
Competitors include domestic nut-based spread processors and global FMCG majors offering branded peanut butter and spreads.
Key Risk Factors
1. Raw Material Price Volatility
As peanuts are the primary input, fluctuations due to crop output, monsoon conditions, or commodity cycles may impact margins. Any significant supply shortage or price surge may weaken profitability and affect pricing competitiveness for domestic and export customers.
2. Customer Concentration Risk
If a substantial portion of revenue relies on a limited number of institutional or private-label buyers, loss of a major client could materially impact volumes and cash flows. Dependence on B2B channels elevates renewal and pricing negotiation risks.
3. Regulatory & Food Safety Compliance Risk
The business must comply with stringent domestic and international food safety norms. Any lapse in quality control, contamination incident, or regulatory non-compliance could result in product recalls, export restrictions, and reputational harm.
4. Export Market Dependence
As nut spreads are often exported, geopolitical conditions, changes in import duties, currency volatility, and international logistics disruptions may affect export profitability and order visibility. Adverse global economic conditions can also affect demand.
5. Capacity Utilization & Operational Risk
Manufacturing plants must maintain optimal utilization to sustain margins. Operational challenges such as equipment downtime, labor shortages, or supply-chain interruptions may affect production schedules and fulfillment timelines.
Strengths & Opportunities
1. Growing Demand for Nut-Based Spreads
The increasing consumer shift toward high-protein, plant-based foods positions the company well to capture expanding domestic and international demand. Its peanut-focused product suite aligns with global consumption trends favoring healthy snacking alternatives.
2. Strategically Located Manufacturing Facilities
The Gujarat-based plants benefit from proximity to peanut-growing regions, providing raw material accessibility and cost efficiency. This geographic advantage strengthens export competitiveness and supports integrated processing and value addition.
3. Diversified Product Portfolio Potential
A range of flavored peanut butters and chocolate-infused spreads provides scope for deeper penetration in private label, retail, and international markets. Innovation-led variants support premiumization and help differentiate in a competitive segment.
4. Export Opportunity Expansion
Global markets offer substantial opportunities for value-added peanut products. As health-conscious consumers increasingly adopt nut spreads, the company can expand its footprint across high-consumption geographies with suitable pricing and supply capabilities.
5. Institutional & Private Label Focus
The company’s focus on B2B and private-label supply helps secure steady demand and bulk volumes. This strengthens manufacturing visibility, supports economies of scale, and reduces marketing expenditure associated with branded retail.
Mother Nutri Foods Limited Financial Information (Restated Consolidated)
Amount in (₹ in Lakhs)
| Period Ended | Sep 30, 2025 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 |
|---|---|---|---|---|
| Reserve of Surplus | 2,054.11 | 1,990.34 | 590.11 | 1,123,200 |
| Total Assets | 8,367.38 | 7,086.27 | 4,778.18 | 4,399.08 |
| Total Borrowings | 3,053.21 | 2,281.47 | 2,542.97 | 2,336.83 |
| Fixed Assets | 363.38 | 372.35 | 423.67 | 482.99 |
| Cash | 8.02 | 3.28 | 1.92 | 10.09 |
| Cash flow from operating activities | -682.13 | -308.86 | -16.18 | -2,079.89 |
| Cash flows from investing activities | -14.67 | -14.43 | -4.29 | -142.75 |
| Cash flow from financing activities | 701.55 | 324.65 | 12.30 | 2,232.73 |
| Net Borrowing | 3,045.19 | 2,278.19 | 2,541.05 | 2,326.74 |
| Revenue | 5,047.14 | 9,048.24 | 8,104.62 | 7,625.86 |
| EBITDA | 744.31 | 1,021.55 | 848.35 | 291.87 |
| PAT | 531.52 | 646.62 | 477.30 | 112.82 |
| PAT Margin | 10.53% | 7.15% | 5.89% | 1.48% |
| EPS | 5.41 | 7.06 | 5.35 | 1.8 |
Note 1:- RoE, ROCE & RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit/Loss for the Year) on 31st Mar, 2025 Data, given in RHP.
Note 3:- RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 4:- Price to Book Value calculation in KPI is based on Cap Price Post Issue Data, given in FINANCIAL EXPRESS.
Key Performance Indicator
| KPI | Values |
|---|---|
| EPS Pre IPO (Rs.) | 7.06 |
| EPS Post IPO (Rs.) | 5.16 |
| Adjusted 12M EPS Post IPO (Rs.) | 8.48 |
| P/E Pre IPO | 16.57 |
| P/E Post IPO | 22.68 |
| Adjusted 12M P/E Post IPO | 13.80 |
| ROE | 36.78% |
| ROCE | 20.66% |
| P/BV | 4.32 |
| Debt/Equity | 0.92 |
| RoNW | 26.00% |
| EBITDA Margin | 11.32% |
| PAT Margin | 7.15% |
Mother Nutri Foods Limited IPO Peer Comparison
| Company Name | EPS | P/E (x) | ROE | ROCE | P/BV | Debt/Equity | RoNW (%) |
|---|---|---|---|---|---|---|---|
| Mother Nutri Foods | 5.16 | 22.68 | 36.78% | 20.66% | 4.32 | 0.92 | 26.00% |
| There are no listed peers which are in the same line of business as per RHP. | - | - | - | - | - | - | - |
Mother Nutri Foods Limited Contact Details
Mother Nutri Foods Ltd.
Survey No 276/1
Opp. Petrol Pump Mahuva-Bhavnagar Road
At Otha, Mahuva
Bhavnagar, Gujarat, 364295
Phone: 99744 14123
Email: cs@mothernutrifoods.com
Website: http://www.mothernutrifoods.com/
Mother Nutri Foods IPO Registrar and Lead Manager(s)
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Marwadi Chandarana Intermediaries Brokers Private Limited
Phone: +91 22 6912 0027
Email: mb@marwadichandarana.com
Website: ib.marwadichandaranagroup.com
Mother Nutri Foods IPO Review
Mother Nutri Foods Limited is primarily engaged in the manufacturing and supply of peanut butter and related nut-based products. The business model centers on processing peanuts into value-added consumer food products sold across domestic and international markets. Revenue is generated through B2B supply agreements and contract manufacturing of nut-based spreads used in retail consumption, private labels, and export markets.
The Company is led by Promoter, i.e., CHINTAN RAJNIKANT THAKAR, UMESHBHAI KANTILAL SHETH, RAJNIKANT INDUBHAI THAKAR, PARTH UMESHKUMAR SHETH, NAYNABEN RAJNIKANT THAKAR AND VANDNABEN U SHETH
The Revenues from operations for the Period ended on Sep 30 2025 and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹
5,047.14 Lakh, ₹
9,048.24 Lakh, ₹
8,104.62 Lakh, and ₹
7,625.86 Lakh, The EBITDA for the Period ended on Sep 30 2025, 2025 and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹
744.31 Lakh, ₹
1,021.55Lakh, ₹
848.35 Lakh, and ₹
291.87 Lakh, The Profit after Tax for the Period ended on Sep 30 2025, 2025 and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹
531.52 Lakh, ₹
646.62 Lakh, ₹
477.30 Lakh, and ₹
112.82 Lakh, respectively. This indicates a steady growth in financial performance.
The Company Key Performance Indicates the pre-issue EPS of ₹7.06and post-issue EPS of ₹5.16 for FY25. The pre-issue P/E ratio is16.57x, 11.7while the post-issue P/E ratio is 22.68x against the Industry P/E ratio is NA The company's ROE for FY25 is 36.78% and RoNW is 26.00% The Annualised EPS is ₹8.48x and P/E is
13.80x. These metrics suggest that the IPO is Fully priced.
The Grey Market Premium (GMP) of Mother Nutri Foods showing listing gains of
0%.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Mother Nutri Foods Limited IPO for Listing gain or Long Term Purposes.
Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. We also use Artificial Intelligence (AI) tools to enhance the efficiency and quality of our research services, including data retrieval, analysis, and report summarization. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit Legal our website abhayvarn.com
About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.





