Mother Nutri Foods Limited IPO

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Mother Nutri Foods Limited is a B2B peanut butter manufacturing company, producing a wide variety of peanut butter flavors and ranges for global markets. The company manufactures 10+ flavors and 12+ variants of peanut butter and supplies to hypermarkets, supermarkets, retail chains, and private labels worldwide. It also sells products under its own brand “Spread & Eat” in international markets such as Libya, Dubai, and Japan.

The company caters to diverse packaging requirements ranging from sachets (20–100 g), jars (100–1,000 g) to bulk packs (1–250 kg) with shelf life ranging from 12 to 24 months. Mother Nutri Foods also produces roasted peanuts, though peanut butter is the major revenue contributor, contributing more than 60%–99% of total revenue in recent years.

Business Model 

The company follows a dual business model, comprising:

a) Private Label Manufacturing: Producing peanut butter for retailers under their own brand names.

b) Own Brand Exports: Selling branded products as “Spread & Eat” in global markets.

Private label clients are spread across more than 20 countries including the UK, Canada, South Africa, Russia, UAE, Saudi Arabia, Bangladesh, Philippines, Mexico, Israel, Oman, Germany, Portugal, among others.

Product Portfolio

Mother Nutri Foods offers two core product categories:

i) Peanut Butter: Available in multiple variants such as natural, creamy, crunchy, low fat, whole nut, high protein, no added sugar & salt, including flavors such as chocolate, honey, coconut, cinnamon, pineapple, and strawberry.

ii) Roasted Peanuts: Heat-processed and packaged peanuts for direct consumption.

Peanut butter sales are led by the top three variants — Natural, Creamy, and Crunchy, contributing over 49%–60% of revenue across recent financial years.

Competitive Strengths

i) Wide Range of Flavors & Variants catering to varied consumer segments and packaging needs.
ii) Strong Quality Systems backed by international food safety certifications.
iii) Strategically Located Plant in India’s peanut belt with port connectivity.
iv) Long-standing B2B International Relationships with repeat orders from leading global retailers.
v) Experienced Promoters & Skilled Management Team with strong knowledge of the food processing industry.

Objects of the Mother Nutri Foods Limited IPO:

The Company proposes to utilize the Net Proceeds towards the following objects: 1. Setting up a new manufacturing facility in Gujarat (₹23.19 cr) 2. General corporate purposes

Mother Nutri Foods Limited IPO Details:

Open Date: Nov 26 2025
Close Date: Nov 28 2025
Total Shares: 33,84,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Building
Issue Size: 39.59 Cr.
Lot Size: 1200 Shares
Issue Price: ₹ 111-117 Per Equity Share
Listing At: BSE SME
Listing Date: Dec 03 2025

Promoters And Management:

1. Mr. Chintan Rajnikant Thakar (Chairman & Managing Director), aged 39, he is the Chairman, Managing Director, and Promoter. He holds a PG Diploma in Management (Finance) from Chanakya Institute of Management Studies & Research and has around 5 years of experience in the food processing industry. Formerly a partner at Mother Nutri Foods (since 2020), he joined the Company as Director on January 25, 2022, and oversees business development and strategic growth. 2. Mr. Umeshbhai Kantilal Sheth (Whole-Time Director), aged 62, he is a Promoter and Whole-Time Director with 10 years of food processing industry experience. He previously served as a partner at Mother Nutri Foods (since 2015). He joined the Company as Director on January 25, 2022, and is responsible for day-to-day operations, accounts, and finance. 3. Mr. Rajnikant Indubhai Thakar (Executive Director), aged 66, he is a Promoter and Executive Director with 10 years of industry experience. A former partner at Mother Nutri Foods (since 2015), he joined the Company as Director on January 25, 2022. He oversees marketing and overall operations of the Company.

Financials of Mother Nutri Foods Limited IPO:

Particulars 6M FY2025-26 FY 2024-25 FY 2023-2024 FY 2022-2023
Revenue from Operations (Cr) 50.24 90.24 80.91 75.93
EBITDA (Cr) 7.44 10.21 8.48 2.91
EBITDA Margins 14.81% 11.32% 10.48% 3.84%
PAT (Cr) 5.31 6.46 4.77 1.12
PAT Margins 10.58% 7.17% 5.90% 1.49%
ROCE 12.09% 20.66% 21.87% 8.30%
Debt to Equity Ratio(In Times) 1.01 0.92 2.46 4.18
Operating Cash Flows (Cr) -6.8 -3.08 -0.16 -20.79

Comparison With Peers:

According to RHP their is no listed Peers existed in Same business Segment.

Lead Manager of Mother Nutri Foods Limited IPO:

  1. Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.

Registrar of Mother Nutri Foods Limited IPO:

  1. Bigshare Services Private Limited

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