Union Budget 2023 Review

Explore
Open Demat Account Login

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

View all upcoming IPOs

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
    • (QIB) Qualified institutional buyers: 80.63
    • (NII) Non-institutional buyers: 7.10
    • (RII) Retail Individual buyers: 4.77
    • Employees: 4.38
    At 03:18:00 PM.
  • 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
    • (QIB) Qualified institutional buyers: 47.63
    • (NII) Non-institutional buyers: 6.05
    • (RII) Retail Individual buyers: 4.33
    • Employees: 3.25
    At 01:12:00 PM.
  • 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
    • (QIB) Qualified institutional buyers: 12.29
    • (NII) Non-institutional buyers: 3.13
    • (RII) Retail Individual buyers: 3.51
    • Employees: 2.47
    At 11:08:00 AM.
  • 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: 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
    • (QIB) Qualified institutional buyers: 0.03
    • (NII) Non-institutional buyers: 1.42
    • (RII) Retail Individual buyers: 2.33
    • Employees: 1.41
    At 03:44:00 PM.
  • 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
    • (QIB) Qualified institutional buyers: 0.03
    • (NII) Non-institutional buyers: 1.03
    • (RII) Retail Individual buyers: 1.88
    • Employees: 1.15
    At 01:28:00 PM.
  • 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
    • (QIB) Qualified institutional buyers: 0.02
    • (NII) Non-institutional buyers: 0.93
    • (RII) Retail Individual buyers: 1.70
    • Employees: 0.75
    At 11:06:00 AM.
  • 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: 0.01
    • (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
    • (QIB) Qualified institutional buyers: 0.01
    • (NII) Non-institutional buyers: 0.58
    • (RII) Retail Individual buyers: 1.10
    • Employees: 0.52
    At 03:57:00 PM.
  • 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
    • (QIB) Qualified institutional buyers: 0.00
    • (NII) Non-institutional buyers: 0.31
    • (RII) Retail Individual buyers: 0.82
    • Employees: 0.34
    At 01:18:00 PM.
  • 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
    • (QIB) Qualified institutional buyers: 0.00
    • (NII) Non-institutional buyers: 0.17
    • (RII) Retail Individual buyers: 0.56
    • Employees: 0.24
    At 10:58:00 AM.
  • 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: 0.00
    • (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 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%

    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

    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.

    Enjoy Zero Brokerage on
    Equity Delivery

    Enjoy Zero Brokerage on Equity Delivery

    Get the link to download the App

    Send App Link