
Mother Nutri Foods Limited is a B2B manufacturer specializing in peanut butter, offering over 10 flavors and multiple product ranges. The company also markets products under its own brand, 'Spread & Eat', in international markets including Libya, Dubai, and Japan. A significant portion of its business involves private labeling for domestic and international clients, such as hypermarkets and retail chains across numerous countries. Peanut butter is the primary revenue driver, contributing the majority of the company's operational income.
Opening Date
Nov 26, 2025
Closing Date
Nov 28, 2025
Listing Date
Dec 03, 2025
IPO Type
SME
IPO Status
Upcoming
Issue Size
—
Fresh Issue
31.67 Cr
Offer for Sale
7.92 Cr
Price Band
₹111 - ₹117
Lot Size
1200
The net proceeds from the Fresh Issue are proposed to be utilized for the following objectives:
Financing the capital expenditure for setting up a new manufacturing facility at Mahuva, Bhavnagar, Gujarat. This expansion is intended to enhance the company's production capacity from 8,000 MTPA to 15,200 MTPA, improve operational efficiencies, and cater to growing market demand for its products.
Funding general corporate purposes, which include meeting operating expenses, strengthening business development and marketing capabilities, funding initial development costs for new products, and covering unforeseen exigencies.
P/E Ratio
2.3
EPS
9.31
ROE
36.64%
ROCE
20.63%
RONW
26%
Debt to Equity Ratio
—
PAT Margin
7.17%
EBITDA Margin
11.32%
P/B
2.3
Specializes in B2B manufacturing with a diverse product portfolio of over 10 peanut butter flavors and multiple ranges.
Strong relationships with a wide base of domestic and international clients for private labeling services across various countries.
Established its own brand 'Spread & Eat' in select international markets, demonstrating export and brand-building capabilities.
Maintains a strong emphasis on quality control throughout the production process, from raw material sourcing to finished goods inspection.
High dependency on external suppliers for the primary raw material, peanuts, without the security of long-term supply contracts.
A history of negative net cash flows from operating activities in past financial years, which could pose a risk to liquidity.
Operations are concentrated in a single manufacturing facility, increasing vulnerability to production disruptions.
The proposed new manufacturing plant is situated on premises leased from one of the company's promoters.
Planned expansion of manufacturing capacity from 8,000 MTPA to 15,200 MTPA to capitalize on growing product demand.
Operating within India's rapidly growing food processing sector, which is supported by favorable government initiatives like PLI schemes.
Rising global and domestic consumer demand for processed, protein-rich, and convenient food products like peanut butter.
Potential to expand its branded product line and private label services into new and untapped geographical markets.
Faces intense competition from both large organized players and numerous smaller unorganized competitors in the market.
Vulnerability to significant price volatility and supply disruptions of peanuts, a key agricultural commodity dependent on weather and market conditions.
Potential changes in food safety laws, environmental regulations, and tax policies in both India and key export markets.
Risks of product contamination or deterioration, which could lead to product recalls, legal liabilities, and significant damage to the company's reputation.