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Bikaji Foods IPO
The IPO is an offer for sale of 29,373,984 equity shares. The company is a leading player in selling Indian snacks and sweets and one of the fastest-growing participants in the sphere. Click here to Apply for Bikaji Foods IPO .
Opening Date
Nov 3, 2022
Closing Date
Nov 7, 2022
Price Band
₹285 to ₹300
Issue Size
881.2 Cr
Face Value
₹1
per equity share
Market Lot
50 Shares
Opening Date
Nov 3, 2022
Closing Date
Nov 7, 2022
Price Band
₹285 to ₹300
per equity share
Issue Size
881.2 Cr
Face Value
₹1
per equity share
Market Lot
50 Shares
Listing at NSE, BSE
Bikaji Foods International IPO Important Dates
| IPO Open Date | Nov 3, 2022 |
|---|---|
| IPO Close Date | Nov 7, 2022 |
| 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 |
| UPI Mandate Expiry Date | To be announced |
Bikaji Foods IPO Latest News and Subscription Status Today [Live]
At 05:43:00 PM.
This IPO has been subscribed 26.67x by 05:43 PM. on Day 3
It is a public issue of 29,373,984 equity shares.
Status of Subscription
This IPO has been subscribed 16.90x by 03:18 PM. on Day 3
It is a public issue of 29,373,984 equity shares.
Status of Subscription
This IPO has been subscribed 2.08x by 01:12 PM. on Day 3
It is a public issue of 29,373,984 equity shares.
Status of Subscription
This IPO has been subscribed 2.08x by 11:08 AM. on Day 3
It is a public issue of 29,373,984 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 80.63
- (NII) Non-institutional buyers: 7.10
- (RII) Retail Individual buyers: 4.77
- Employees: 4.38
- (QIB) Qualified institutional buyers: 47.63
- (NII) Non-institutional buyers: 6.05
- (RII) Retail Individual buyers: 4.33
- Employees: 3.25
- (QIB) Qualified institutional buyers: 12.29
- (NII) Non-institutional buyers: 3.13
- (RII) Retail Individual buyers: 3.51
- Employees: 2.47
- (QIB) Qualified institutional buyers: 0.44
- (NII) Non-institutional buyers: 2.17
- (RII) Retail Individual buyers: 2.97
- Employees: 2.06
At 05:00:00 PM.
This IPO has been subscribed 1.48x by 05:00 PM. on Day 2
It is a public issue of 29,373,984 equity shares.
Status of Subscription
This IPO has been subscribed 1.17x by 03:44 PM. on Day 2
It is a public issue of 29,373,984 equity shares.
Status of Subscription
This IPO has been subscribed 1.06x by 01:28 PM. on Day 2
It is a public issue of 29,373,984 equity shares.
Status of Subscription
This IPO has been subscribed 0.90x by 11:19 AM. on Day 2
It is a public issue of 29,373,984 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.03
- (NII) Non-institutional buyers: 1.42
- (RII) Retail Individual buyers: 2.33
- Employees: 1.41
- (QIB) Qualified institutional buyers: 0.03
- (NII) Non-institutional buyers: 1.03
- (RII) Retail Individual buyers: 1.88
- Employees: 1.15
- (QIB) Qualified institutional buyers: 0.02
- (NII) Non-institutional buyers: 0.93
- (RII) Retail Individual buyers: 1.70
- Employees: 0.75
- (QIB) Qualified institutional buyers: 0.01
- (NII) Non-institutional buyers: 0.71
- (RII) Retail Individual buyers: 1.44
- Employees: 0.75
At 05:07:00 PM.
This IPO has been subscribed 0.67x by 05:07 PM. on Day 1
It is a public issue of 20,636,790 equity shares.
Status of Subscription
This IPO has been subscribed 0.48x by 03:57 PM. on Day 1
It is a public issue of 20,636,790 equity shares.
Status of Subscription
This IPO has been subscribed 0.31x by 01:18 PM. on Day 1
It is a public issue of 20,636,790 equity shares.
Status of Subscription
This IPO has been subscribed 0.13x by 10:58 AM. on Day 1
It is a public issue of 20,636,790 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.01
- (NII) Non-institutional buyers: 0.58
- (RII) Retail Individual buyers: 1.10
- Employees: 0.52
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.31
- (RII) Retail Individual buyers: 0.82
- Employees: 0.34
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.17
- (RII) Retail Individual buyers: 0.56
- Employees: 0.24
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.06
- (RII) Retail Individual buyers: 0.24
- Employees: [.]
About Bikaji Foods
They are a three-decade-old Indian sweet and snack manufacturer. Bikaji Foods is the largest manufacturer of Bikaneri bhujia with an annual production of 26,690 tonnes and the second in manufacturing handmade papad.
Bikaji has established global leadership in manufacturing and marketing authentic Indian snacks and sweets. In the six months ending on September 30, 2021, Bikaji exported products to 35 countries.
Bikaji Foods IPO Objectives
- It is an offer for sale IPO. The company aims to receive listing benefits through the IPO.
Why should you invest in Bikaji Foods IPO?
Below are your top reasons:
- Their brand is one of the fastest-growing in the FMCG sphere.
- The company enjoys strong brand recall with 44.5%, 58.1%, and 29.2% market share in the Indian organised ethnic snack category in Rajasthan, Bihar, and Assam in Fiscal 2021.
- The company participates in the upliftment of rural women by manufacturing handmade papads. They are the second largest in this category.
Financial Highlights
| Particulars | For the year/period ended | ||
|---|---|---|---|
| FY21 | FY20 | FY19 | |
| Revenue from Operations | 13,107.49 | 10,745.51 | 9,013.62 |
| EBITDA | 1447.65 | 946.00 | 932.71 |
| Profit After Tax | 903.36 | 563.71 | 509.29 |
| ROE | 14.89% | 10.65% | 10.84% |
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How to apply for Bikaji Foods IPO?
Retail investors need to apply for the IPO using UPI.
UPI
- Link your bank account to a UPI ID.
- Register your UPI id with your Demat account.
- Subscribe for Bikaji Foods IPO and approve the payment on your UPI ID.
Demat Account
- If you’re a new investor, Open a DEMAT Account for free with Angel One and begin your investment journey.
Bikaji Foods - Risk Analysis:
- Single product dependency and failure to anticipate evolving consumer taste might impact future cash flow.
- Any disruption in expanding and effectively managing the super stockists and distribution network may adversely affect its business prospect.
- Any damage to the brand name ‘Bikaji’ can affect its business prospect and financial performance.
Competitive Analysis: Market Peers
Other listed FMCG companies are the competitors of Bikaji and it may face challenges from them.
| Name of the company | Revenue from operation (in Rs million) | P/E | EPS |
|---|---|---|---|
| Prataap Snacks Limited | 11,710.89 | 122.8 | 6.04 |
| DFM Foods Limited | 5,240.60 | 49.3 | 5.72 |
| Nestle India Ltd. | 1,33,500.30 | 89.2 | 215.98 |
| Britannia Industries Ltd. | 1,31,361.40 | 44.9 | 77.43 |
Bikaji Foods IPO FAQs
What is Bikaji Foods IPO?
Bikaji Foods is an offer for sale of 29,373,984 equity shares.
When will the Bikaji Foods IPO allotment be available?
The Basis of Finalisation of Allotment date is fixed on November 11, 2022.
What will be the Bikaji Foods IPO lot size?
One lot of Bikaji IPO consists of 50 shares.
When will Bikaji Foods IPO open for subscription?
The IPO window opens on November 3, 2022.
What minimum lot size can retail investors subscribe to?
Retail investors need to apply for a minimum of one lot.
When will Bikaji Foods list on exchanges?
The listing date for Bikaji Foods IPO is November 16, 2022.
How to check the allotment status of Bikaji Foods IPO?
To check the allotment status of Bikaji Foods IPO, Angel One investors can log in to their account.
What is the size of Bikaji Foods IPO?
The company prepares to haul Rs 837-881 crore from the market. The price band for the IPO shares is fixed at Rs 285-300 per share.
How will I receive shares?
Your shares will get credited directly to your Demat account.
Is it necessary to approve a UPI mandate request immediately?
Approving the UPI payment is the final step of the IPO application. You will get T+1 days to approve the payment mandate in your UPI id.
How to apply for this Bikaji Foods IPO via the Angel One App?
To apply for the IPO from the Angel One app, search for Bikaji Foods in the active IPO list and click on apply.
What is the minimum order quantity for Bikaji Foods IPO?
The minimum order quantity for retail investors is one lot consisting of 50 shares.
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