IPO

Bikaji Foods International Limited IPO

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Packaged Foods

Listed On: Nov 16, 2022 at ₹ 322.8(NSE)

₹ 15000 /50 Shares

Check Allotment

03 Nov, 2022

Open Date

07 Nov, 2022

Close Date

11 Nov, 2022

Allotment Date

16 Nov, 2022

Listing Date
Price Summary

Last Closing

745.05 (148.35%)

52 Week High

818.70

52 Week Low

558.80

Last Update

19-Dec-2025 3:30 PM
Bikaji Foods International IPO Issue Details
  • Issue Price 285-300 per equity share
  • Face Value ₹1 Per Equity Share
  • Issue Price Approx 873.72 Cr : OFS of 29,373,984 shares
  • Listing at BSE, NSE
  • List Price 322.8(NSE)
  • Listing Date 2022-11-16
  • Lead Manager JM Financial Consultants Private Limited Axis Capital Limited,IIFL Securities Ltd ,Intensive Fiscal Services Private Limited ,Kotak Mahindra Capital Company Limited
  • Registrar Link Intime India Private Limited
Bikaji Foods International IPO Details
  • Retail Portion 35% (Number of Retail Applications : 2,03,860 Approx),
    (Number of sHNI Applications : 2,080 Approx),
    (Number of bHNI Applications : 4,160 Approx)
Bikaji Foods International IPO Documents
DRHP
RHP
Bikaji Foods International IPO Details


The IPO of Bikaji Foods International is priced at ₹285-300 per equity share, which has a face value of ₹1 Per Equity Share each, IPO bidding starts from Nov 3, 2022 and ends on Nov 7, 2022. The allotment for Bikaji Foods International IPO will be finalized on Nov 11, 2022. Bikaji Foods International IPO will be listed on BSE, NSE, with a tentative listing date fixed as Nov 16, 2022. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are JM Financial Consultants Private Limited Axis Capital Limited,IIFL Securities Ltd ,Intensive Fiscal Services Private Limited ,Kotak Mahindra Capital Company Limited.


The Bikaji Foods International IPO sets its price band at 285-300 for each share. A single application for Bikaji Foods International Limited IPO must contain at least 50 shares.

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Bikaji Foods International IPO Subscription Analysis And Details
Retail
4.77x
QIB
80.63x
NII
7.10x
bNII
7.47x
sNII
6.34x
Total
26.67x
As on QIB NII
bNII   sNII 		Retail Total
Shares Offered / Reserved 5,824,797 4,368,598
2,912,398    1,456,200 		10,193,395 20,636,790
Day 1 03-11-22 05:00 PM
0.01 x 0.58
0.40 x   0.94 x 		1.10 x 0.67 x
Day 2 04-11-22 05:00 PM
0.03 x 1.42
1.04 x   2.17 x 		2.33 x 1.48 x
Day 3 07-11-22 05:00 PM
80.63 x 7.10
7.47 x   6.34 x 		4.77 x 26.67 x
Total No of Applications
860143
Bikaji Foods International Valuations
Earnings Per Share (EPS) ₹3.71/-
P/E Ratio N/A
RoNW 14.93%
Net Asset Value (NAV) - As on 31.03.22 ₹24.85
Bikaji Foods International Company Financials
In Crs.
In Cr.
31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Assets 1102.13 817.15 676.64 630.9
Revenue 1621.45 1322.21 1082.9 910.65
Profit After Tax 76.03 90.34 56.37 50.93
About Bikaji Foods International Company

Bikaji Foods International Limited is one of India's largest fast-moving consumer goods (FMCG) brands. The company's 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. In the six months that ended September 30, 2021, the company sold more than 250 products under the Bikaji brand.
The company was the largest manufacturer of Bikaneri bhujia with an annual production of 26,690 tonnes and was the second largest manufacturer of handmade papad with an annual production capacity of 9,000 tonnes in Fiscal 2021. The company has an international footprint, selling Indian snacks and sweets, and is among the fastest-growing companies in the Indian organised snacks market.
The company has over the years established market leadership in the core states of Rajasthan, Assam and Bihar with an extensive reach. It has gradually expanded its footprint across India, with operations across 22 states and three union territories as of September 30, 2021.
In the six months ended September 30, 2021, The company has exported the products to 35 international countries, including North America, Europe, the Middle East, Africa, and Asia Pacific, representing 4.60% of our sales of food products in such period.
Bikaji Foods International Limited has six operational manufacturing facilities that are operated by us, with four facilities located in Bikaner (Rajasthan), one in Guwahati (Assam), one facility in Tumakuru (Tumkur) (Karnataka) held through the subsidiary Petunt Food Processors Private Limited to cater to the southern markets in India.

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Bikaji Foods International - Promoter(s)

Shiv Ratan Agarwal

Deepak Agarwal

Shiv Ratan Agarwal (HUF)

Deepak Agarwal (HUF)

Pre Issue Share Holding : 77.97%

Post Issue Share Holding : N/A%

Bikaji Foods International IPO - Issue Objectives
1

The Selling Shareholders will be entitled to the entire proceeds of the Offer after deducting the Offer expenses and relevant taxes thereon. The Company will not receive any proceeds from the Offer.

Bikaji Foods International IPO - Anchor Investors

Bikaji Foods International anchors Rs 262 crore from investors ahead of IPO.
Participants in the anchor book included the Government of Singapore, ICICI Prudential, HDFC Mutual Fund, Nippon Life India, Aditya Birla Sun Life, Whiteoak Capital, Blackrock Global Funds, Goldman Sachs, Morgan Stanley, Eastspring Investments, Neuberger Berman Emerging Markets Equity Master Fund, Max Life Insurance, Tata Mutual Fund, Carmignac Portfolio, Kotak Mutual Fund, Bay Capital and Edelweiss.