Mother Nutri Foods IPO

Mother Nutri Foods Ltd

₹2,66,400 /1200 sharesMinimum Investment

Mother Nutri Foods IPO Details

Bidding datesMinimum investmentLot sizePrice range
26 Nov ‘25 - 28 Nov ‘25₹2,66,4001,200₹111 - ₹117
Issue sizeIPO docTentative allotment dateTentative listing date
--
RHP PDF
01 Dec ‘2503 Dec ‘25
Face valueIssue type
10EQUITY

About Mother Nutri Foods

Mother Nutri Foods Limited is a business-to-business (B2B) peanut butter manufacturing company, producing a range of peanut-based products. The company offers 10 flavours and 12 variants of peanut butter, including chocolate, honey, coconut, cinnamon, pineapple, and strawberry, in natural, creamy, crunchy, less fat, whole nut, high protein, and no added sugar or salt ranges. It supplies peanut butter under its own brand “Spread & Eat” in markets such as Libya, Dubai, and Japan, and also provides private labelling services for domestic and international clients across countries, including the United Kingdom (UK), Canada, South Africa, and the United States (US). The company operates its sole manufacturing facility at Bhavnagar, Gujarat, where it sources peanuts locally for processing and packaging.;
Founded in
2022
MD/CEO
Mr Chintan Rajnikant Thakar
Parent organisation
Mother Nutri Foods Ltd

Strengths & Risks of Mother Nutri Foods

Strengths
Risks
Mother Nutri Foods offers more than 10 flavours and over 5 ranges of peanut butter, including natural, creamy, crunchy, high protein, and no added sugar variants. The company claims to have established a comprehensive quality control process involving batch-wise testing and raw material checks using the Enzyme-Linked Immunosorbent Assay (ELISA) method to monitor aflatoxin and moisture levels.
The company’s manufacturing facility, spread over 4,047 square metres in Otha, Mahuva, Bhavnagar, Gujarat, is located close to raw peanut suppliers, reducing procurement time and transportation costs. It claims to have semi-automated, technology-enabled production processes and equipment sourced from national and international suppliers. The facility’s proximity to major ports like Pipavav and Mundra supports efficient export operations and logistics.
Mother Nutri Foods serves B2B clients, including supermarkets, hypermarkets, and retail chains in countries such as the UK, Canada, South Africa, the United Arab Emirates (UAE), and Mexico. The company claims to maintain long-term relationships through consistent product quality, on-time delivery, and customer engagement at trade fairs and exhibitions.
The company is ISO 22000:2018 certified for its food safety management systems. It also holds other certifications, such as the British Retail Consortium Global Standards (BRCGS), halal, and kosher, and is registered with the Agricultural and Processed Food Products Export Development Authority (APEDA) and the Food Safety and Standards Authority of India (FSSAI).
The company has witnessed a consistent increase in its revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 75.94 crore in FY23 to Rs 80.92 crore in FY24 and Rs 90.24 crore in FY25. PAT increased from Rs 1.13 crore in FY23 to Rs 4.77 crore in FY24 and Rs 6.47 crore in FY25.
The top supplier accounted for Rs 8.45 crore (20.56 percent) of the company’s total cost of raw materials for the period ended September 30, 2025; Rs 27.89 crore (36.24 percent) in FY25; Rs 22.04 crore (33.73 percent) in FY24; and Rs 14.03 crore (15.38 percent) in FY23. Any disruption in supply, delay in delivery, or loss of business from this vendor can adversely impact the company’s manufacturing operations and financial performance.
The cost of raw materials consumed accounted for 60.51 percent, 88.43 percent, 85.85 percent, and 99.33 percent of the company’s total income for the period ended September 30, 2025, FY25, FY24, and FY23. Such high material costs make profitability sensitive to fluctuations in peanut prices, inflation, and procurement expenses. Any inability to manage these costs or pass them on to customers could hurt the company’s margins, cash flows, and overall financial condition.
The company reported negative cash flow from operating activities amounting to Rs 6.82 crore for the period ended September 30, 2025, Rs 3.09 crore in FY25, Rs 0.16 crore in FY24, and Rs 20.80 crore in FY23. Also, negative cash flow from investing activities amounted to Rs 0.15 crore for the period ended September 30, 2025, Rs 0.14 crore in FY25, Rs 0.04 crore in FY24, and Rs 1.43 crore in FY23. Although cash inflows from financing activities partly offset these deficits, recurring negative cash flows could affect the company’s liquidity and ability to fund growth initiatives.
Mother Nutri Foods manufactures all its products at its sole facility located at Otha, Mahuva, Bhavnagar, Gujarat. Any disruption in operations due to equipment breakdown, power failure, labour disputes, or regulatory compliance issues could halt production and impact product supply. Since the company depends entirely on this single manufacturing unit, any adverse political, social, or economic developments in the region could negatively affect its business operations, results, and financial condition.
The company and its promoter are involved in certain ongoing tax disputes. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
Mother Nutri Foods relies primarily on third-party transportation providers for the procurement of raw materials and distribution of its finished products. The company does not have long-term contractual arrangements with these transporters, making it vulnerable to service disruptions caused by strikes, weather-related delays, infrastructure issues, or accidents. Any delay, loss, or damage to goods during transit, or the inability to secure timely transportation, could increase logistics costs, negatively impacting the company’s operations, financial condition, and results.
Mother Nutri Foods was incorporated on January 6, 2022, and therefore has a limited operational history as a company. Although it has taken over the business of an existing partnership firm, its track record as a corporate entity remains short. Limited operating experience under its current structure may affect the company’s ability to effectively manage growth, respond to market fluctuations, and sustain long-term profitability.
As of September 30, 2025, the company had outstanding financial indebtedness of Rs 30.53 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.

Mother Nutri Foods Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Mother Nutri Foods IPO

Apply asPrice bandApply RangeLot size
Individual investor111 - 117₹2 - 5 Lakh1200
For Mother Nutri Foods IPO, eligible investors can apply as Individual investor.