Mother Nutri Foods Ltd IPO

Status: Closed

Overview

IPO date
26 Nov 2025 to 28 Nov 2025
Face value
₹ 0 per share
Price
₹ 111 to ₹117 per share
Issue Size
3,384,000 shares
(aggregating up to ₹ 39.59 Cr)
Allotment Date
01 Dec 2025
Listing at
NSE
Issue type
Book Building - SME
Sector
FMCG

Objectives of Mother Nutri Foods Ltd IPO

Mother Nutri Foods Ltd IPO Strategy

About Mother Nutri Foods Ltd

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T&C*

Strengths vs Risks of Mother Nutri Foods Ltd

Know the pros & cons

Strengths

  • arrowQuality of our products.
  • arrowStrategically located manufacturing facility.
  • arrowLong term relationship with clients and repeat business.
  • arrowExperienced Promoters and Management Team.

Risks

  • arrowThe Company is dependent on external suppliers for its major raw material, Peanuts. Any fluctuations in the price of our major raw materials could have an adverse effect on our business, results of operations and financial condition.
  • arrowThe company is yet to place orders for plant and machinery. Any delay in placing the orders, or procurement of such plant and machinery or in the event the vendors are not able to provide the plant and machinery in a timely manner, or at all, the same may result in time and cost over-runs.
  • arrowThere can be no assurance that the Objects of the Issue will be achieved within the time frame anticipated or at all, or that the deployment of the Net Proceeds in the manner intended by us will result in any increase in the value of your investment. Further, the plan for deployment of the Net Proceeds has not been appraised by any bank or financial institution.
  • arrowIts net cash flows from operating activities have been negative in some years in the past. Any negative cash flow in the future may affect its liquidity and financial condition.
  • arrowIts inability to anticipate, respond to and meet the tastes, preferences or consistent quality requirements of the company customers or its inability to accurately predict and successfully adapt to changes in market demand or consumer preference could reduce demand for its products and impact the company sales.
  • arrowAny disruption in production at, or shutdown of, its sole manufacturing facility could adversely affect the company business, results of operations and financial condition.
  • arrowAny actual or alleged contamination or deterioration of its products could result in legal liability or damage the company reputation. Further, food safety and food-borne illness incidents or other safety concerns may materially and adversely affect its business by exposing it to lawsuits, product recalls or regulatory enforcement actions, increasing its operating costs and reducing demand for the company product offerings.
  • arrowThere have been several instances of delay/ default in payment of statutory dues and filing of statutory returns by the Company in the past.
  • arrowIf the company is unable to identify consumer demand accurately and maintain an optimal level of inventory, its business, results of operations, cash flows and financial condition may be adversely affected.
  • arrowIts proposed plant is located on premises which are not owned by it and has been obtained on lease basis from the promoter of the company. Disruption of its rights as lessee or termination of the agreements with the company lessor (promoter) may adversely impact its operations and, consequently, the company business, financial condition and results of operations.
  • arrowThe company generally do business with its customers on purchase order basis and does not enter into long term contracts with most of them. Its inability to maintain relationships with the company customers could have an adverse effect on its business, prospects, results of operations and financial condition.
  • arrowThe company is subject to labour laws and other industry standards and its operations could be adversely affected by strikes, work stoppages or increase in wage demands.
  • arrowThere are certain delayed filings noticed in some of its corporate records relating to forms filed with the Registrar of Companies.
  • arrowConcerns over nutritional values of the company products may reduce demand for some of its peanut butter products.
  • arrowIts inability to comply with food safety laws, environmental laws and other applicable regulations in relation to the company manufacturing facilities may adversely affect its business, financial condition and results of operations.
  • arrowThe Company and company Promoters are party to certain tax proceeding. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
  • arrowThe company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, any failures to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect its operations.
  • arrowIts financing agreements contain covenants that limit the company flexibility in operating its business. The company inability to meet its obligations, including financial and other covenants under the company debt financing arrangements could adversely affect its business, results of operations and financial condition.
  • arrowUnsecured loans taken by the Company can be recalled by the lenders at any time.
  • arrowThe company largely relies on third-party transportation providers for both procurement of its raw material and distribution of its products. Any failures by any of the company transportation providers to deliver its raw material or the company products on time, or in good condition, or at all, may adversely affect its business, financial condition and results of operations.
  • arrowIts insurance coverage may not adequately protect it against all material hazards, which may adversely affect the company business, results of operations and financial condition.
  • arrowIts directors does not have any prior experience of directorship in any of the listed entities.
  • arrowChanges in technology may render its current technologies obsolete or requires the company to make substantial capital investments.
  • arrowIts may be unable to sufficiently obtain, maintain, protect, or enforce the company intellectual property and other proprietary rights.
  • arrowIts may issue Equity Shares at prices that may be lower than the Issue Price in the last 12 months.
  • arrowThe average cost of acquisition of Equity Shares by its Promoters may be lower than the Floor Price.
  • arrowThere is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of BSE Limited in a timely manner or at all.
  • arrowAny IT system failures or lapses on part of any of its employees may lead to operational interruption, liabilities or reputational harm.
  • arrowIts inability to effectively manage the company growth or to successfully implement its business plan and growth strategies could have an adverse effect on its business, results of operations and financial condition. The success of the company business will depends greatly on its ability to effectively implement the company business and growth strategies.
  • arrowIf the company is subject to any fraud, theft, or embezzlement by its employees or job workers, it could adversely affect the company reputation, results of operations and financial condition. The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
  • arrowAny failures or significant weakness of its internal controls system could cause operational errors or incidents of fraud, which would adversely affect the company profitability and reputation.
  • arrowThe determination of the Price Band is based on various factors and assumptions and the Issue Price of the Equity Shares may not be indicative of the market price of the Equity Shares after the Issue.
  • arrowAny inability to address changing industry standards and consumer trends may adversely affect its business, results of operations and financial condition.
  • arrowThe company has in the past entered into related party transactions and may continue to do so in the future.
  • arrowIts funding requirements and the proposed deployment of Net Proceeds are not appraised by any independent agency, which may affect the company business and results of operations.
  • arrowThere may be potential conflicts of interest if the company Promoters or Directors get involved in any business activities that compete with or are in the same line of activity as its business operations.
  • arrowIts success largely depends upon the knowledge and experience of the company Promoters, Directors, its Key Managerial Personnel and Senior Management as well as the company ability to attract and retain personnel with technical expertise. Any loss of its Promoter, Directors, Key Managerial Personnel, Senior Management or its ability to attract and retain them and other personnel with technical expertise could adversely affect its business, financial condition and results of operations.
  • arrowIn addition to normal remuneration or benefits and reimbursement of expenses, some of its directors and key managerial personnel are interested in the Company to the extent of their shareholding and dividend entitlement, if any in the Company.
  • arrowThe company has not commissioned an industry report for the disclosures made in the chapter titled "Industry Overview" and made disclosures on the basis of the data available on the internet.
  • arrowThe company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further the company has not identified any alternate source of financing the `Objects of the Issue'.
  • arrowThere is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its Management and the company Board of Directors, though it shall be monitored by the Audit Committee.
  • arrowThe requirements of being a public listed company may strain its resources and impose additional requirements.
  • arrowThe company faces intense competition which may lead to a reduction in its market share and may cause it to increase the company expenditure on marketing and promotion as well as cause it to offer discounts, which may result in an adverse effect on its business and a decline in the company profitability.
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The IPO opens on 26 Nov 2025 & closes on 28 Nov 2025.

Mother Nutri Foods Limited was originally registered as a private Company as Mother Nutri Foods Private Limited' vide certificate of Incorporation dated January 06, 2022 issued by the Registrar of Companies, Central Registration Centre. Company was incorporated to acquire the business of 'M/s. Mother Nutri Foods', a partnership firm. Subsequently the said Partnership Firm was acquired through an Agreement to sale dated April 01, 2022. Status of the Company was converted into a public Limited and the name was changed to 'Mother Nutri Foods Limited', dated February 01, 2024 issued by Registrar of Companies, Central Processing Centre. The Company is engaged in the Manufacturing of Peanut Butter, offering 10+ flavour and 5+ range of peanut butter. It offer the peanut butter under own brand 'Spread & Eat' in countries like Libya and Dubai. Further, Company has recently started selling the peanut butter in Japan. It engage in private labelling, manufacturing peanut butter for domestic and international customers, including hypermarkets, supermarkets, and retail chains. The private label clients are based in countries such as the United Kingdom, Canada, South Africa, Mauritius, Russia, the British Virgin Islands, Spain, the United Arab Emirates, Saudi Arabia, Nepal, Bangladesh, the Philippines, Mexico, Kuwait, Israel, the United States, Oman, Kenya, Germany, and Portugal. Company offers peanut butter in flavours like chocolate, honey, coconut, cinnamon, pineapple, strawberry, etc of which Chocolate is the major contributor. Further, peanut butter range includes natural, creamy, crunchy, less fat, whole nut, high protein and no added sugar & salt. Company is planning the aggregate Initial Public Offer of 33,84,000 equity shares of face value of Rs 10 per share, comprising a fresh issue of 27,07,200 equity shares and 6,76,800 Equity Shares through offer for sale.

Mother Nutri Foods Ltd IPO will close on 28 Nov 2025.

  • Quality of our products.
  • Strategically located manufacturing facility.
  • Long term relationship with clients and repeat business.
  • Experienced Promoters and Management Team.

S.No Promoters Name Pre Issue Shares Pre Issue Percentage Post Issue Shares Post Issue Percentage
1 Chintan Rajnikant Thakar 277394 2.82 277394 2.21
2 Umeshbhai Kantilal Sheth 4139462 42.12 3462662 27.62
3 Rajnikant Indubhai Thakar 3657148 37.21 3657148 29.18
4 Parth Umeshkumar Sheth 739414 7.52 739414 5.9
5 Naynaben Rajnikant Thakar 50000 0.51 50000 0.4
6 Vandnaben U Sheth 50000 0.51 50000 0.4
7 Disha Umeshbhai Sheth 21600 0.22 21600 0.17
8 Krishnaben Chandrakant Bhuta 6000 0.06 6000 0.05

  • The Company is dependent on external suppliers for its major raw material, Peanuts. Any fluctuations in the price of our major raw materials could have an adverse effect on our business, results of operations and financial condition.
  • The company is yet to place orders for plant and machinery. Any delay in placing the orders, or procurement of such plant and machinery or in the event the vendors are not able to provide the plant and machinery in a timely manner, or at all, the same may result in time and cost over-runs.
  • There can be no assurance that the Objects of the Issue will be achieved within the time frame anticipated or at all, or that the deployment of the Net Proceeds in the manner intended by us will result in any increase in the value of your investment. Further, the plan for deployment of the Net Proceeds has not been appraised by any bank or financial institution.
  • Its net cash flows from operating activities have been negative in some years in the past. Any negative cash flow in the future may affect its liquidity and financial condition.
  • Its inability to anticipate, respond to and meet the tastes, preferences or consistent quality requirements of the company customers or its inability to accurately predict and successfully adapt to changes in market demand or consumer preference could reduce demand for its products and impact the company sales.
  • Any disruption in production at, or shutdown of, its sole manufacturing facility could adversely affect the company business, results of operations and financial condition.
  • Any actual or alleged contamination or deterioration of its products could result in legal liability or damage the company reputation. Further, food safety and food-borne illness incidents or other safety concerns may materially and adversely affect its business by exposing it to lawsuits, product recalls or regulatory enforcement actions, increasing its operating costs and reducing demand for the company product offerings.
  • There have been several instances of delay/ default in payment of statutory dues and filing of statutory returns by the Company in the past.
  • If the company is unable to identify consumer demand accurately and maintain an optimal level of inventory, its business, results of operations, cash flows and financial condition may be adversely affected.
  • Its proposed plant is located on premises which are not owned by it and has been obtained on lease basis from the promoter of the company. Disruption of its rights as lessee or termination of the agreements with the company lessor (promoter) may adversely impact its operations and, consequently, the company business, financial condition and results of operations.
  • The company generally do business with its customers on purchase order basis and does not enter into long term contracts with most of them. Its inability to maintain relationships with the company customers could have an adverse effect on its business, prospects, results of operations and financial condition.
  • The company is subject to labour laws and other industry standards and its operations could be adversely affected by strikes, work stoppages or increase in wage demands.
  • There are certain delayed filings noticed in some of its corporate records relating to forms filed with the Registrar of Companies.
  • Concerns over nutritional values of the company products may reduce demand for some of its peanut butter products.
  • Its inability to comply with food safety laws, environmental laws and other applicable regulations in relation to the company manufacturing facilities may adversely affect its business, financial condition and results of operations.
  • The Company and company Promoters are party to certain tax proceeding. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
  • The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, any failures to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect its operations.
  • Its financing agreements contain covenants that limit the company flexibility in operating its business. The company inability to meet its obligations, including financial and other covenants under the company debt financing arrangements could adversely affect its business, results of operations and financial condition.
  • Unsecured loans taken by the Company can be recalled by the lenders at any time.
  • The company largely relies on third-party transportation providers for both procurement of its raw material and distribution of its products. Any failures by any of the company transportation providers to deliver its raw material or the company products on time, or in good condition, or at all, may adversely affect its business, financial condition and results of operations.
  • Its insurance coverage may not adequately protect it against all material hazards, which may adversely affect the company business, results of operations and financial condition.
  • Its directors does not have any prior experience of directorship in any of the listed entities.
  • Changes in technology may render its current technologies obsolete or requires the company to make substantial capital investments.
  • Its may be unable to sufficiently obtain, maintain, protect, or enforce the company intellectual property and other proprietary rights.
  • Its may issue Equity Shares at prices that may be lower than the Issue Price in the last 12 months.
  • The average cost of acquisition of Equity Shares by its Promoters may be lower than the Floor Price.
  • There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of BSE Limited in a timely manner or at all.
  • Any IT system failures or lapses on part of any of its employees may lead to operational interruption, liabilities or reputational harm.
  • Its inability to effectively manage the company growth or to successfully implement its business plan and growth strategies could have an adverse effect on its business, results of operations and financial condition. The success of the company business will depends greatly on its ability to effectively implement the company business and growth strategies.
  • If the company is subject to any fraud, theft, or embezzlement by its employees or job workers, it could adversely affect the company reputation, results of operations and financial condition. The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
  • Any failures or significant weakness of its internal controls system could cause operational errors or incidents of fraud, which would adversely affect the company profitability and reputation.
  • The determination of the Price Band is based on various factors and assumptions and the Issue Price of the Equity Shares may not be indicative of the market price of the Equity Shares after the Issue.
  • Any inability to address changing industry standards and consumer trends may adversely affect its business, results of operations and financial condition.
  • The company has in the past entered into related party transactions and may continue to do so in the future.
  • Its funding requirements and the proposed deployment of Net Proceeds are not appraised by any independent agency, which may affect the company business and results of operations.
  • There may be potential conflicts of interest if the company Promoters or Directors get involved in any business activities that compete with or are in the same line of activity as its business operations.
  • Its success largely depends upon the knowledge and experience of the company Promoters, Directors, its Key Managerial Personnel and Senior Management as well as the company ability to attract and retain personnel with technical expertise. Any loss of its Promoter, Directors, Key Managerial Personnel, Senior Management or its ability to attract and retain them and other personnel with technical expertise could adversely affect its business, financial condition and results of operations.
  • In addition to normal remuneration or benefits and reimbursement of expenses, some of its directors and key managerial personnel are interested in the Company to the extent of their shareholding and dividend entitlement, if any in the Company.
  • The company has not commissioned an industry report for the disclosures made in the chapter titled "Industry Overview" and made disclosures on the basis of the data available on the internet.
  • The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further the company has not identified any alternate source of financing the `Objects of the Issue'.
  • There is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its Management and the company Board of Directors, though it shall be monitored by the Audit Committee.
  • The requirements of being a public listed company may strain its resources and impose additional requirements.
  • The company faces intense competition which may lead to a reduction in its market share and may cause it to increase the company expenditure on marketing and promotion as well as cause it to offer discounts, which may result in an adverse effect on its business and a decline in the company profitability.

The Issue type of Mother Nutri Foods Ltd is Book Building - SME.

The minimum application for shares of Mother Nutri Foods Ltd is 2400.

The total shares issue of Mother Nutri Foods Ltd is 3384000.

Initial public offer of 33,84,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Mother Nutri Foods Limited ("the Company" Or "The Issuer") at a price of Rs. 117 per equity share (Including a Share Premium of Rs.107 Per Equity Share) for cash, aggregating to Rs. 39.59 crores ("Offer") comprising of a fresh issue of 27,07,200 equity shares of face value of Rs. 10/- by the company aggregating to Rs. 31.67 crores("Fresh Issue") and an offer for sale of 6,76,800 equity shares of face value of Rs. 10/- each ("Offer For Sale") by Umeshbhai Kantilal Sheth , aggregating to Rs. 7.92 crores (" Promoter Selling Shareholder", And Such Equity Shares Offered By The Selling Shareholder, The "Offered Shares"). The offer includes 2,43,600 equity shares of face value of Rs.10 each, at an offer price of Rs. 117/- per equity share for cash, aggregating Rs.2.85 crores s will be reserved for subscription by the market maker to the offer (The "Market Maker Reservation Portion"). The offer less market maker reservation portion i.e. offer of 31,40,400 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 117/- per equity share for cash, aggregating to Rs. 36.74 crores is hereinafter referred to as the "Net Offer". The offer and net offer will constitute 27.00% and 25.05% respectively of the post- offer paid- up equity share capital of the company. Price Band: Rs. 117/- for equity share of face value of Rs. 10 each. The floor price is 11.70 times times the face value times of the face value of the equity shares. Bids can made for a minimum of 2,400 equity shares and in multiples of 1,200 equity shares thereafter.