Bikaji Foods International Ltd IPO – Research Report

Incorporated in 1995, Bikaji Foods International Limited (Bikaji Foods) is among the Indias leading fast-moving consumer goods (“FMCG”) brands. The company was the largest manufacturer of Bikaneri bhujia, and were the second largest manufacturer of handmade papad in Fiscal 2022.

Its 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. As of June, 2022, company has footprint across India including 23 states and four union territories.