Bikaji Foods IPO Date, Price, Review
Bikaji Foods IPO: Know everything about Bikaji Foods IPO. Bikaji Foods International Limited IPO Date, Bikaji Foods Ltd IPO Review and analysis. We will discus about Bikaji Foods IPO Benefits & Risks. Also, all information related to Bikaji Foods IPO like price band, all important dates, issue size, Brockrage Review, and retail quota etc.
Bikaji Foods IPO
Bikaji Foods International Limited sells Indian Snacks and Sweets under the "Bikaji" Brand. Bikaji Foods mainly sell bhujia, namkeen, packaged sweets, frozen food, mathri range and cookies, papad, western snacks as well as other snacks. Bikaji Foods Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs - crore through IPO (Initial public offering).
Bikaji Foods IPO will open on 03 November 2022 and close on 07 November 2022. The price band of the Bikaji Foods IPO is ₹385 to ₹300. Harsha Engineer's IPO size is 881 Crores. The offer includes - Crores under fresh issue and - Crores under offer for sale. Bikaji Foods IPO QIB quota is 50%, NII quota is 15% and RII quota is 35%. Bikaji Foods IPO listing date is - November 2022. You can know about Bikaji Foods IPO GMP (Grey Market Premium) below.
Bikaji Foods has given good financial performance. The company made a profit of ₹76.03 crores in the financial year 2022 (March 2021). The IPO of Bikaji Foods will be listed on NSE and BSE. Bikaji Foods IPO face value is ₹1 per equity share.
We will talk about Bikaji Foods' financials, benefits, and risks of investing in the company.
About Bikaji Foods International Ltd
Bikaji Foods was started by Mr. Shivratan Agarwal in the late 80s. With this, the Bikaji brand was born. Then Mr. Agarwal had successfully laid the foundation of his dream venture. They ventured across the world to find and co-invent the right technology for the production of Bhujia. The idea was to have a brand name that was easy to remember. Then he named Bikaji, the name Bikaji is derived from Bikaner and the founder of Ji, Bika Rao.
A few years later, Bikaji carved a niche for itself in the ethnic-snacking market. Along with this, it has managed to win hearts across the world. Presently Bikaji Foods International Limited sells Indian snacks and sweets not only in India but all over the world. Bikaji Foods has brought Indian taste to the world with diverse products and innovative packaging.
The major products of Bikaji Foods International Limited include Potato Chips, Bhujia, Combo Packs, Namkeen, Snacks, Papad, Mithai, Cookies, etc. If we talk about the financial track record of Bikaji Foods International Limited, the company has performed well in the last financial years.
Purpose of the offer
- To prepay/repay all or a part of the dues raised by the company.
- To finance capital expenditure requirements for the purchase of new machinery.
- To meet general corporate objectives.
Bikaji Foods IPO Date and Price Band Details
| IPO Open: | 03 November 2022 |
| IPO Close: | 07 November 2022 |
| Listing Date: | 16 November 2022 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹881 crores |
| Fresh Issue: | Approx ₹- crores |
| Offer For Sale: | Approx ₹- crores |
| Price Band: | ₹285 to ₹300 per share |
| Face Value: | ₹1 per Equity share |
| QIB Portion: | 50% |
| Retail Portion: | 35% |
| NII Portion: | 15% |
| Employee Discount: | 15 |
Bikaji Foods IPO Lot Size Details
| Minimum Lot: | 01 |
| Minimum Lot Size: | 50 Shares |
| Minimum Amount: | ₹15,000 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 650 Shares |
| Maximum Amount: | ₹195,000 |
Bikaji Foods IPO Open, Close, Allotment, and Listing Date
| Ipo Opening Date: | 03 November 2022 |
| IPO Closing Date: | 07 November 2022 |
| Basis of Allotment: | 11 November 2022 |
| Refund Date: | 14 November 2022 |
| Credit to Demat Account: | 15 November 2022 |
| Listing Date: | 16 November 2022 |
Bikaji Foods IPO Review
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You can also check the latest IPO subscription status and IPO allotment status of Bikaji Foods IPO on our website.
Bikaji Foods Ipo Rating
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- The company has a good financial track record.
- Bikaji is a well-known brand recognized all over India.
- The company has a wide range of product portfolios.
- The company is committed to manufacturing high-quality products.
- The company has a vast pan-India and a worldwide distribution network.
- The company has partnerships with reputed retail chains, export channels, and e-commerce platforms (like Flipkart and Amazon, etc.).
- The company has a presence not only in the country but also at the international level.
- The company sells its products both offline and online.
- The company has a professional and experienced promoter and top management.
Risks
- The company's revenue largely depends on the popularity of the "Bikaji" brand. If for some reason the "Bikaji Foods" brand becomes a hit, it will have a direct impact on the company's growth and revenue.
- If for any reason there is an insufficient or interrupted supply of raw materials and packaging materials, it can have a negative impact on their business.
- The impact of the COVID-19 pandemic on his company is still unknown.
- Most of the company's sales are online and they rely on online marketplaces and offline distributors to sell their products.
- The company may outsource the materials for some of its products, due to which any deficiency in quality control could damage the reputation of the company.
- A portion of the company's revenue comes from exports to international customers.
- The company relies on online eCommerce platforms like Amazon, and Flipkart to sell its products.
Bikaji Foods Ltd Financials
Bikaji Foods Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2019 | ₹630.9 | ₹910.65 | ₹50.93 |
| 2020 | ₹676.64 | ₹1082.9 | ₹56.37 |
| 2021 | ₹817.15 | ₹1322.21 | ₹90.34 |
| 2022 | ₹1102.13 | ₹1621.45 | ₹76.03 |
Promoters
- The shareholders of the company are:
- Shiv Ratan Agarwal
- Deepak Agarwal
- Shiv Ratan Agarwal (HUF)
- Deepak Agarwal (HUF)
Contact Details of Bikaji Foods
F 196-199, F 178 & E 188
Bichhwal Industrial Area,
Bikaner – 334 006
Rajasthan, India
Telephone: +91 15122 50350
E-mail: cs@bikaji.com
Website:www.bikaji.com
Bikaji Foods Lead Managers
- JM Financial Limited
- Axis Capital Limited
- IIFL Securities Limited
- Intensive Fiscal Services Private Limited
- Kotak Mahindra Capital Company Limited
Bikaji Foods IPO Registrars
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli (West)
Mumbai 400 083, Maharashtra, India
Telephone: +91 22491 86200
Email: bikaji.ipo@linkintime.co.in
Website:www.linkintime.co.in
Conclusion
Bikaji Foods International Limited mainly operates in FMCG Sector, whose demand is going to increase in the future. The track record has been good considering the financial position of the company. The company had a profit of Rs 76.03 crore in the financial year 2022. The company manufactures many different types of chips, snacks, sweets, frozen foods, etc. Our suggestion will be updated when the Bikaji Foods Limited IPO starts. Bikaji Foods Limited IPO financial statement and other information are given above.
Bikaji Foods IPO FAQs
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