Bikaji Foods IPO Details: Bikaji Foods IPO date is fixed, the IPO is to hit the market in November 3 and will close on November 7. Bikaji Foods IPO to raise around ā¹881 crores via IPO that comprises fresh issue of ā¹[.] crores and offer for sale up to 29,373,984 equity shares of ā¹1 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Bikaji Foods International Limited is one of the leading FMCG brands in India. They are selling snacks and sweets. They are the largest manufacturer of Bikaneri bhujia, soan papdi, packaged rasgulla, and gulab jamun. The product range also includes Namkeen, Papad, Sweets, Snacks, Combo Packs, Bhujia, and more. They are selling around 250 products under their brand. The company was launched in 1993 by Shiv Ratan Agarwal.
The company has operations in 22 states and 3 union territories. They are also selling in around 35 countries. They have six manufacturing facilities with four facilities located in Bikaner (Rajasthan), one in Guwahati (Assam), and one facility in Tumakuru (Karnataka) held through our subsidiary Petunt Food Processors Private Limited to cater to the southern markets in India. They have 2 contract manufacturing units in Kolkata (West Bengal) and Mumbai. Check out Bikaji Foods IPO details.
Important Details
- One of the leading FMCG brands in India.
- The company is growing in terms of Revenues and Profit.
- Selling over 250 products under their brand name.
- They are selling products in India as well as in International Market.
- They have 6 manufacturing units in India.
- White Oak Capital Management buys a 2% stake in Bikaji Foods. (VCCircle)
- Larget manufacturer of Bikaneri Bhujia products with Annual production of 26,690 Tonne in fiscal 2021.
Bikaji Foods IPO Review (Apply or Not)
- Apply
Brokerage Firm IPO Review
- Angel One: Apply
- Arihant Capital: May Apply
- AUM Capital: May Apply
- Canara Bank: Apply
- Capital Market: Neutral
- Choice Equity Broking: May Apply
- Geojit Securities: Apply
- Haitong Securities: Neutral
- Hem Securities: Apply
- Indsec Securities: Apply
- Jainam Broking limited: Apply
- KR Choksey: Apply
- LKP Securities: Apply
- Marwadi Shares: May Apply
- Reliance Securities: Apply
- Swastika Investmart: Apply
- Ventura Securities Limited: Apply
Bikaji Foods IPO Date & Price Band Details
| IPO Open: | November 3, 2022 |
| IPO Close: | November 7, 2022 |
| IPO Size: | Approx ā¹881 Crores |
| Fresh Issue: | Approx ā¹[.] Crores |
| Offer for Sale: | Approx 29,373,984 Equity Shares |
| Face Value: | ā¹1 Per Equity Share |
| IPO Price Band: | ā¹285 to ā¹300 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Bikaji Foods IPO Market Lot
The Bikaji Foods IPO minimum market lot is 50 shares with ā¹15,000 application amount. The retail investors can apply up-to 13 lots with 650 shares or ā¹195,000 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 50 | ā¹15,000 |
| Retail Maximum | 13 | 650 | ā¹195,000 |
| S-HNI Minimum | 14 | 700 | ā¹210,000 |
| B-HNI Minimum | 68 | 3350 | ā¹1,005,000 |
Bikaji Foods IPO Allotment & Listing Dates
The Bikaji Foods IPO date is November 3 and the close date is November 7. The Bikaji Foods IPO allotment will be finalized on November 11 and the IPO listing on November 16.
| Price Band Announcement: | October 31, 2022 |
| Anchor Investors Allotment: | November 2, 2022 |
| IPO Open Date: | November3, 2022 |
| IPO Close Date: | November 7, 2022 |
| Basis of Allotment: | November 11, 2022 |
| Refunds: | November 14, 2022 |
| Credit to Demat Account: | November 15, 2022 |
| Bikaji Foods IPO Listing Date: | November 16, 2022 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Bikaji Foods IPO Form
How to apply for the Bikaji Foods IPO? You can apply for Bikaji Foods IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Bikaji Foods IPO in the Invest section. The other option is you can apply for Bikaji Foods IPO via IPO forms downloaded via NSE and BSE. Check out the Bikaji Foods forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
Bikaji Foods Company Financial Report
| ā¹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ā¹1083 | ā¹1019 | ā¹65.20 |
| 2021 | ā¹1322 | ā¹1202 | ā¹81.55 |
| 2022 6M | ā¹777 | ā¹721 | ā¹41.68 |
Bikaji Foods IPO Valuation – FY2021
Check Bikaji Foods IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ā¹3.71 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 14.93% |
| Net Asset Value (NAV): | ā¹24.85 per Equity Share |
Peer Group
- Prataap Snacks Limited
- DFM Foods Limited
- Nestle India Limited
- Britannia Industries Limited
Company Promoters
- Shiv Ratan Agarwal
- Deepak Agarwal
- Shiv Ratan Agarwal (HUF)
- Deepak Agarwal (HUF)
Bikaji Foods IPO Registrar
Link Intime India Private Limited
C-101, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai 400 083
Maharashtra, India
Tel: +91 22 4918 6200
E-mail: [email protected]
Investor Grievance E-mail: [email protected]
Website: www.linkintime.co.in
Bikaji Foods IPO Allotment Status Check
Check Bikaji Foods IPO allotment status on Linkintime website allotment URL. Click Here
Bikaji Foods IPO Lead Managers
- JM Financial Limited
- Axis Capital Limited
- IIFL Securities Limited***
- Intensive Fiscal Services Private Limited***
- Kotak Mahindra Capital Company Limited
Company Address
Bikaji Foods International Limited
F 196-199, F 178 & E 188, Bichhwal Industrial Area,
Bikaner ā 334 006 Rajasthan, India
Telephone: +91 151 2259914
Contact Person: Divya Navani
Company Secretary and Compliance Officer
Telephone: +91 151 2250350
E-mail:[email protected]
Website: www.bikaji.com
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Note: The Bikaji Foods IPO price band and date are not officially announced yet. The IPO grey market premium (Bikaji Foods IPO Premium) will be added to the IPO grey market page as it will start).
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3 Responses
Should we apply for Bikaji? please advice admin, thanks.
Yes, you can apply with long term view.
Gmp of Rs 75 is 25% of Upper band of Rs 300 not 40%.