Bikaji Foods International Limited is one of India's largest fast-moving consumer goods ("FMCG") brands. The company's product range includes six principal categories: bhujia, namkeen, packaged sweets, papad, western snacks as well as other snacks which primarily include gift packs (assortment), frozen food, mathri range and cookies. In the six months that ended June 30, 2022, the company sold more than 300 products under the Bikaji brand.
The company was the largest manufacturer of Bikaneri bhujia with an annual production of 29,380 tonnes, and we were the second largest manufacturer of handmade papad with an annual production capacity of 9,000 tonnes in Fiscal 2022. The company has an international footprint, selling Indian snacks and sweets, and is among the fastest-growing companies in the Indian organised snacks market.
The company has over the years established market leadership in the core states of Rajasthan, Assam and Bihar with an extensive reach. It has gradually expanded its footprint across India, with operations across 23 states and three union territories as of June 30, 2022.
In the six months ended June 30, 2022, The company has exported the products to 21 international countries, including North America, Europe, the Middle East, Africa, and Asia Pacific, representing 3.20% of our sales of food products in such period.
Bikaji Foods International Limited has six operational manufacturing facilities that are operated by us, with four facilities located in Bikaner (Rajasthan), one in Guwahati (Assam), one facility in Tumakuru (Tumkur) (Karnataka) held through the subsidiary Petunt Food Processors Private Limited to cater to the southern markets in India.
The Selling Shareholders will be entitled to the entire proceeds of the Offer after deducting the Offer expenses and relevant taxes thereon. The Company will not receive any proceeds from the Offer.
| IPO Opening Date | 3 Nov 2022 |
|---|---|
| IPO Closing Date | 7 Nov 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹1 Equity Share |
| IPO Price | ₹285 to ₹300 per share |
| Market Lot | 50 Shares |
| Min Order Quantity | 50 Shares |
| Listing At | BSE, NSE |
| 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 |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
| Basis of Allotment Date | Nov 11, 2022 |
|---|---|
| Initiation of Refunds | Nov 14, 2022 |
| Credit of Shares to Demat Account | Nov 15, 2022 |
| IPO Listing Date | Nov 16, 2022 |
Bikaji Foods IPO is a main-board IPO of 29,373,984 equity shares of the face value of ₹1 aggregating up to ₹881.22 Crores. The issue is priced at ₹285 to ₹300 per share. The minimum order quantity is 50 Shares.
The IPO opens on Nov 3, 2022, and closes on Nov 7, 2022.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Bikaji Foods IPO opens on Nov 3, 2022 and closes on Nov 7, 2022.
Bikaji Foods IPO lot size is 50 Shares and the minimum order quantity is 50 Shares.
You can apply in Bikaji Foods IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services.
The finalization of Basis of Allotment for Bikaji Foods IPO will be done on Nov 11, 2022, and the allotted shares will be credited to your demat account by Nov 15, 2022.
Check the IPO allotment status.
The Bikaji Foods IPO listing date is Nov 16, 2022. The tentative date of Bikaji Foods IPO listing is Nov 16, 2022.
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