Bikaji Foods IPO Date, Price, GMP, Review, Details
One of the largest FMCG (fast-moving consumer-goods) companies in India is Bikaji Foods International Limited. The company’s offerings may be broken down into six main groups: bhujia, namkeen, packaged sweets, papad, western snacks, and other snacks, which largely comprise gift packs (assortment), frozen cuisine, the mathri line, and cookies. More than 300 Bikaji items were sold by the company in the six months ending June 30, 2022.
In Fiscal 2022, our company produced 29,380 metric tonnes per year of Bikaneri bhujia and 9,000 metric tonnes per year of handcrafted papad, making us the leading producer of both. In addition to being one of the most rapidly expanding businesses in India’s regulated snack food industry, the company also has a significant presence in overseas markets.
The corporation has expanded its market share and established itself as a market leader in Rajasthan, Assam, and Bihar over the course of several years. As of June 30, 2022, it had spread into 23 states and 3 union territories in India.
The company shipped products to 21 countries outside of North America, Europe, the Middle East, Africa, and the Asia-Pacific region in the six months ending June 30, 2022. This accounted for 3.20 percent of the company’s total sales of food items during this time period.
With four plants in Bikaner (Rajasthan), one in Guwahati (Assam), and one in Tumakuru (Tumkur) (Karnataka) held through the subsidiary Petunt Food Processors Private Limited to serve the southern markets in India, we operate a total of six manufacturing facilities for Bikaji Foods International Limited.
Strengths:
- a famous name is known all over India.
- Broad product line catering to a wide range of markets and demographics.
- Large, high-tech, strategically-located factories that adhere strictly to quality requirements.
- Strong e-commerce presence and expanding exports, as well as a well-established distribution network
- throughout India and beyond.
- India’s distribution network is extensive.
- Agreements on a strategic level with Indian and international retail companies.
- Expanding online sales.
- Massive multi-product export success.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-19 | 630.9 | 910.65 | 50.93 | 469.77 | 72.31 |
| 31-Mar-20 | 676.64 | 1082.9 | 56.37 | 529.16 | 52.3 |
| 31-Mar-21 | 817.15 | 1322.21 | 90.34 | 604.1 | 86.15 |
| 30-Jun-21 | 871.96 | 337.08 | 12.41 | 618.45 | 101.13 |
| 31-Mar-22 | 1102.13 | 1621.45 | 76.03 | 819.26 | 141.23 |
| 30-Jun-22 | 1146.28 | 423.82 | 15.7 | 834.8 | 156.39 |
| Amount in ₹ Crore | |||||
Goals of the Debate
After subtracting the costs associated with the Offer and any applicable taxes, the remaining balance will be distributed to the Selling Shareholders. Nothing from the Offer will go to the Company.
Bikaji Foods IPO Details
| IPO Date | Nov 3, 2022 to Nov 7, 2022 |
| Listing Date | Wednesday, November 16, 2022 |
| Face Value | ₹1 per share |
| Price | ₹285 to ₹300 per share |
| Lot Size | 50 Shares |
| Issue Size | 29,373,984 shares of ₹1 (aggregating up to ₹881.22 Cr) |
| Offer for Sale | 29,373,984 shares of ₹1 (aggregating up to ₹881.22 Cr) |
| Employee Discount | 15 |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| Company Promoters | Shiv Ratan Agarwal, Deepak Agarwal, Shiv Ratan Agarwal (HUF) and Deepak Agarwal (HUF) are the company promoters. |
Bikaji Foods IPO Tentative Timetable
Bikaji Foods IPO opens on Nov 3, 2022, and closes on Nov 7, 2022. The Bikaji Foods IPO bid date is from Nov 3, 2022 10.00 A.M. to Nov 7, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Nov 3, 2022 |
| Closing Date | Nov 7, 2022 |
| Basis of Allotment | Nov 11, 2022 |
| Initiation of Refunds | Nov 14, 2022 |
| Credit of Shares to Demat | Nov 15, 2022 |
| Listing Date | Nov 16, 2022 |
Bikaji Foods IPO Lot Size
The size of an IPO lot for Bikaji Foods is 50 shares. A retail investor can apply for up to 13 lots, which is equal to 650 shares or 195,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹15,000 |
| Retail (Max) | 13 | 650 | ₹195,000 |
| S-HNI (Min) | 14 | 700 | ₹210,000 |
| B-HNI (Min) | 67 | 3,350 | ₹1,005,000 |
Bikaji Foods IPO Promoter Holding
| Pre Issue Share Holding | 77.97% |
| Post Issue Share Holding | 75.96% |
Bikaji Foods IPO Status of Sign-ups (Bidding Detail)
On Nov. 7, 2022, at 7 p.m., 26.67 times as many people have signed up for the Bikaji Foods IPO. The public offering was bought out 4.77 times by retail investors, 80.63 times by QIB investors, and 7.10 times by NII investors. Check the details of your Day by Day subscription (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 80.63 |
| NII | 7.10 |
| bNII (bids above ₹10L) | 7.47 |
| sNII (bids below ₹10L) | 6.34 |
| Retail | 4.77 |
| Employee | 4.38 |
| Total | 26.67 |
Bikaji Foods IPO Listing Date
| Listing Date | Wednesday, November 16, 2022 |
| BSE Script Code | 543653 |
| NSE Symbol | BIKAJI |
| Listing In | B Group of Securities |
| ISIN | INE00E101023 |
| IPO Price | ₹300 per share |
| Face Value | ₹1 per share |
Company Contact Information
F 196-199,
F 178 & E 188 Bichhwal Industrial Area,
Bikaner – 334 006
Phone: +91 151 – 2250350
Email: cs@bikaji.com
Website: https://www.bikaji.com/
Bikaji Foods IPO FAQs
What is Bikaji Foods IPO?
Bikaji Foods’ initial public offering (IPO) is a main-board offering of 29,373,984 equity shares with a face value of 1 each, which adds up to 881.22 Crores. The price per share is between 285 and 300. The least you can order is 50 Shares. The IPO starts trading on November 3, 2022 and ends on November 7, 2022. The IPO is being kept track of by Link Intime India Private Ltd. It is planned to list the shares on the BSE and NSE.
How do you sign up for the Bikaji Foods IPO through Zerodha?
Customers of Zerodha can use UPI as a way to pay for Bikaji Foods IPO online applications. Customers of Zerodha can sign up for the Bikaji Foods IPO by logging into their “back office” (Zerodha Console) and filling out an IPO application form.
How to apply through Zerodha for the Bikaji Foods IPO
- Log in to Console on the Zerodha website.
- Click the IPOs link on the Portfolio page.
- Click the “Bid” button next to the “Bikaji Foods IPO” row.
- Type in your UPI ID, the amount, and the price.
- “Send in” your IPO application form.
- To approve the mandate, go to the UPI App (net banking or BHIM).
- Go to Review of the Zerodha IPO Application Process for more information.
When Bikaji Foods IPO will open?
The IPO for Bikaji Foods starts on November 3, 2022, and ends on November 7, 2022.
How do I apply for an IPO from Bikaji Foods?
You can apply for the Bikaji Foods IPO online, and you can pay with either UPI or ASBA. Your bank account’s online banking is where you can find the ASBA IPO application. Brokers offer the UPI IPO application, but they don’t do banking. Find out more about how to apply for an initial public offering (IPO) online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
When Bikaji Foods IPO allotment?
The Bikaji Foods IPO Basis of Allotment will be finalised on November 11, 2022, and your allotted shares will be put in your demat account by November 15, 2022. Check on the status of the Bikaji Foods IPO allotment.
