Bikaji Foods IPO

Bikaji Foods IPO Review

Bikaji Foods IPO Overview

Bikaji Foods International Limited is a leading fast-moving consumer goods (“FMCG”) brand in India. The product line of the firm is divided into six major categories: bhujia, namkeen, packaged sweets, papad, western snacks, and other snacks, which principally comprise gift packs (assortment), frozen food, mathri range, and cookies. The firm sold over 300 goods under the Bikaji brand in the six months ending June 30, 2022.

In Fiscal 2022, the firm was the largest maker of Bikaneri bhujia, with an annual production capacity of 29,380 tonnes, and the second largest manufacturer of handcrafted papad, with an annual production capacity of 9,000 tonnes.

The firm has a global presence, selling Indian snacks and sweets, and is one of the fastest-growing companies in India’s organised snacking sector.

With a broad reach, the corporation has gained market leadership in the main states of Rajasthan, Assam, and Bihar throughout the years. Its presence in India has continuously grown, with operations in 23 states and three union territories as of June 30, 2022.

The firm shipped products to 21 foreign nations in the six months ended June 30, 2022, including North America, Europe, the Middle East, Africa, and Asia Pacific, accounting for 3.20% of our food product sales in that time.

Bikaji Foods International Limited operates six operating production facilities, four in one in Guwahati (Assam), Bikaner (Rajasthan), and one in Tumakuru (Tumkur) (Karnataka) owned through the subsidiary Petunt Food Processors Private Limited to serve the southern markets in India.

Bikaji Foods IPO Details

IPO Date

Nov 3, 2022 to Nov 7, 2022

Listing Date

[.]

Face Value

₹1 per share

Price

₹285 to ₹300 per share

Lot Size

50 Shares

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

Issue Type

Book Built Issue IPO

Listing At

BSE, NSE

QIB Shares Offered

Not more than 50% of the Net Offer

NII (HNI) Shares Offered

Not less than 15% of the Net Offer

Retail Shares Offered

Not less than 35% of the Net Offer

Company Promoters

Shiv Ratan Agarwal, Deepak Agarwal, Shiv Ratan Agarwal (HUF) and Deepak Agarwal (HUF) are the company promoters.

Bikaji Foods IPO Financial Performance

Period Ended

Total Assets

Total Revenue

31-Mar-19

630.9

910.65

31-Mar-20

676.64

1082.9

31-Mar-21

817.15

1322.21

30-Jun-21

871.96

337.08

31-Mar-22

1102.13

1621.45

30-Jun-22

1146.28

423.82

Amount in ₹ Crore

Period Ended

Profit After Tax

Net Worth

Total Borrowing

31-Mar-19

50.93

469.77

72.31

31-Mar-20

56.37

529.16

52.3

31-Mar-21

90.34

604.1

86.15

30-Jun-21

12.41

618.45

101.13

31-Mar-22

76.03

819.26

141.23

30-Jun-22

15.7

834.8

156.39

Amount in ₹ Crore

Bikaji Foods IPO Key Ratios

 

FY 2019

FY 2020

EPS

2.11

2.32

PE ratio

RONW (%)

10.84

10.65

NAV

ROCE (%)

16.55

12.79

EBITDA (%)

10.35

8.80

Debt/Equity

0.15

0.10

 

FY 2021

FY 2022

EPS

3.71

3.15

PE ratio

90.48 – 95.24

RONW (%)

14.93

9.51

NAV

24.85

32.83

ROCE (%)

20.88

EBITDA (%)

11.04

8.66

Debt/Equity

0.14

0.19

Bikaji Foods IPO GMP Trend

DateDay-wise IPO GMPKostakSubject to Sauda
29 Oct 2022854003,000

Listing Performance of Bikaji Foods IPO

Listed On : BSE, NSE

Issue Price : ₹285 to ₹300 per share

Listing Day Close :

Listing Day Gain :

Bikaji Foods IPO ISIN Number Code

NSE : NA

ISIN CODE : INE00E101023

BSE : NA

Bikaji Foods IPO Allotment Status

BSE IndiaClick Here

KfintechClick Here

Link InTimeClick Here

Bikaji Foods IPO Important Dates

Opening Date

Nov 3, 2022

Closing Date

Nov 7, 2022

Basis of Allotment

Nov 11, 2022

Initiation of Refunds

Nov 14, 2022

Credit of Shares to Demat

Nov 15, 2022

Listing Date

Nov 16, 2022

Bikaji Foods IPO Contact Details

F 196-199,
F 178 & E 188 Bichhwal Industrial Area,
Bikaner – 334 006
Phone: +91 151 – 2250350
Email: cs@bikaji.com
Website: https://www.bikaji.com//

Bikaji Foods IPO Registrar Contact Details

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: bikaji.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Bikaji Foods IPO FAQ's

The Bikaji Foods IPO is a BSE, NSE IPO of ₹285 to ₹300 per equity share with a face value of 10 per equity share.
The issue size is priced at 29,373,984 shares of ₹1 (aggregating up to ₹881.22 Cr).
The fresh issue size priced at 29,373,984 shares of ₹1 (aggregating up to ₹881.22 Cr).
The initial public offering (IPO) begins on Nov 3, 2022 and ends on Nov 7, 2022.
The registrar for the IPO is Link Intime India Private Ltd.

The Bikaji Foods IPO opens on Nov 3, 2022 and closes on Nov 7, 2022. The IPO Issue date may list on Nov 16, 2022.

Bikaji Foods IPO Market lot size is 50 Shares and the minimum order quantity is 50 Shares.

The finalisation 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 Bikaji Foods IPO status.

The Bikaji Foods IPO listing date is on Nov 16, 2022.

Bikaji Foods IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.

Bikaji Foods IPO Comments