Bikaji foods IPO: Bikaji Foods International intends to raise about ₹881 crores from the market by issuing an Initial Public Offering(IPO) starting on 03 November 2022. Through Bikaji Foods IPO, Bikaji Foods International offered 2,06,36,790 shares. The company generated net earnings of Rs 16.24 crore and net revenues of Rs 419.16 crore for the three months that ended in June 2022.
Bikaji Foods IPO technical details for investors
Bikaji Foods IPO(Initial Public Offering) has the symbol BIKAJI and an equity security class. The IPO’s issuance period runs from November 3, 2022, until November 7, 2022. During the issue period, applications for the IPO subscription can be submitted through the appropriate brokers between the hours of 10 am and 5 pm.
The price range for the Bikaji Foods IPO is 285.00–300.00, which indicates that the minimum and maximum bid prices are, respectively, 285.00 and 300.00 rupees. When participating in the IPO, eligible employees bidding in the Employee Reservation Portion will receive a discount of Rs. 15 per equity share. The minimum bid quantity for the Bikaji Foods IPO is 50 shares, and the market lot size is 50 shares. This means that while placing a bid for Bikaji Foods IPO, investors must apply for a minimum of 50 shares.
ICICI Prudential Mutual Mutual Fund, HDFC Mutual Fund, Aditya Birla Sun Life Fund, WhiteOak Capital, Nomura, BlackRock, Goldman Sachs, Morgan Stanley, ICICI Prudential Life Insurance Company, Max Life Insurance Company, Tata MF, Kotak MF, and Edelweiss MF are just a handful of the anchor investors.
| Security Type | Equity |
| Symbol | BIKAJI |
| Issue Period | 03 Nov 2022 to 07 Nov 2022 |
| IPO Market Timings | 10 am to 5 pm |
| Issue Size – No. of Shares | 2,06,36,790 |
| Price Band | 285.00-300.00 |
| Market Lot/Min Bid Qty | 50 |
UPI mandate and bid modification
The final deadline for receiving a UPI mandate is 5:00 PM on the final day of IPO bidding. Investors have all been encouraged to submit their UPI applications in IPO well in advance to avoid any last-minute technical/systemic constraints that may cap their ability to participate in IPOs by successfully accepting the mandate. Further bids with a confirmed status of mandate amount blocked (RC100) shall be considered valid applications.
The specified window allocated for bid modifications (modification of specific field containing DP ID/Client ID or Pan ID, Bank code, and Location code) on T+1 day (T being the final day of bidding) is not currently accessible. The bid modification of selected fields will be allowed within the IPO’s bidding period only.
Company at a glance
Bikaji Foods International is a well-known snacks and sweets maker in India, and famous for its delicious Namkeen brand “Bikaji Bhujia”. Indian bhujia lovers who were born after the 1980s may have at least tried a mouthful of Bikaji bhujia at some point in their lives. It is the second-fastest growing company in the organized snacks market in India and the third-largest ethnic snacks company in the country with an international reach.
Customers can pick from a large selection of mouthwatering, delicious appetizers and sweets. Bhujia is the only product for which Bikaji Foods International has established a distinctive presence across the entire country.
Shri Shivratan Agarwal is the founder and chairman of Bikaji Foods International who laid the foundations for his dream business endeavor in the Indian and global snack sector. Due to the numerous innovations in snacks and sweets and its enthusiasm to give snack and sweet lovers around the world a true Indian ethnic flavor, Bikaji Foods International has experienced great growth in recent years.
The Rajasthan State Government awarded two major accolades to Bikaji Foods International’s portfolio for export excellence for the years 2008 and 2009.
Source: Bombay Stock Exchange
