Bikaji Foods International Limited IPO Message Board (Page 19)

Market smelling Something Different, big fall on gmp.
From 90s to 50

IPO pricing is on higher side for a low margin business. Nothing left on the table for gains.

I only knew Bikaji foods in TV ads.. never came across in any stores.. May be good brand.. but need to be careful..

I too got OCD. Going through comments many times and checking GMP and subscription status every hour. And thinking of bad luck in allotments.

As per PROMOTER HOLDINGS of PRE-ISSUE(77.97%) & POST ISSUE(75.96). They are diluting 2.01% shares for 881.22cr.

So, as per this calculation - the value of the company is 44000cr +. (Is it worth for 44k cr).

With the profit generated & revenue of the last 3 years, while comparing, it seems very less as per the valuation.

Can any one give there points of view in this.
Thank u

That is cause Promoter Is not the Only seller in this OFS. Infact promoter Portion is only around 17% or 50 Lakh shares against 290 Lakh Shares on offer . Rest Portion is being sold by other Institutions . Hence if accounted for this Promoter will be getting 151 CR for 2 % dilution and extrapolating we can arrive at Mcap of 7594 CR.

MCAP @300 is ₹7485 crores
Which is quite high but seeing demand in Grey market, we can expect 20-30% listing gain

Asking valuation at 98X FY22 earning & 119X Q1 FY 23 earnings annualized making me uneasy. Balance sheet & Cash Flow looking pretty good (what else do you expect from a FMCG Co?). 3rd largest sweets & snacks maker. Have seen it replace many old brands in Assam from a nascent beginning to almost leader. 100% OFS issue means nothing going to company. Low debt level. Overall, considering everything I find it interesting except the asking price and wondering if anything left for investors.

Views and thuinking may vary that does not mean one is outdated and knows nothing.Monster Zero is super helpful, seen him replying almost each query.Monster Bhai keep posting.👍

@ jay here
Outdated??
Who and when said that?
Kuch BHi?
I agree MZ is helpful....Thats it

Promotors have become greedy in every other IPO, financials may be deceptive, when PE multiple of whole market and industries is decreasing every other day around world. We can't live in past. Margin of risk is widened so take decision of applying or not applying accordingly. Don't get influenced by anyone.

Bikaji premium boter

App rate ? Hni ?

Bikaji premium byasi

Retail
Kostak 500
Sub to 3838

Small HNI
Kostak 3000
Sub to 54545

Big HNI
Kostak 8000
Sub to 54545

Price at higher side 300 for a share F V of Rs. 1. only . Members say that F V has no relevance. If it was 10 then the price would have been 3000. This figure of 3000 might have raised the eyebrows of investors. To avoid this now a days, the concept of F V of 1 and 2 has well received by the companies. Advertising by Amitji cost for its products, can any one imagine. In my opinion let Amitji eat all the products. Nothing bad looking the present GMP in rising market. In down trend and for long term very doubtful. Listing gain will definitely be there, Who will get allotment in sHNI by investing 2.09 lakhs, will get good profit, no doubt. For retailers: "Kamij Nahi Kamij Ka Koler Hi Chalega".

+1

GMP 73-77!!!

🧇Bikaji Foods IPO
Dates: 3rd Nov to 7th Nov
Price: ₹285 to ₹300
Lot Size: 50 Shares
Retail Quota: 35%
Date of Allotment: 14th Nov
GMP (Only for info): ₹60 - ₹64

Bikaji Foods International Limited IPO

Date : 03-Nov to 07-Nov-2022
FV : ₹1
Price : ₹285 - ₹300
Market Lot : 50 Shares
App Amt : ₹15,000
Size : ₹873.72 Cr
Retail : 35%
Retail Form : 203,868
EMP : 7.13 Cr

Sir please GMP numerical values me update kra kre , so that everyone can understand easily

@ K C , 70-72

GMP
DCX : 70
Fusion: 34
Global: 20 (change the gear from yesterday morning)
Bikaji: 72

Apply to above all from all possible accounts in retail and try luck in SME is not a bad idea.
COMMENT PLS

I think dcx can be skipped, simply because of low retail forms ~33k ,bikaji should go ff ~ 2.1lk forms. Fusion can be taken risk, since nbfcs and banks are getting strong loan growth, havent checked its valuation front.

Ipo price 197-207

IPO price of 197-207 may be for DCX System and not Bikaji Foods.

Ipo Rate which I had quoted was a mistake. Sorry for miscommunication.

Bikaji Foods International Limited IPO

Date : 03-Nov to 07-Nov-2022
FV : ₹1
Price : ₹285 - ₹300
Market Lot : 50 Shares
App Amt : ₹15,000
Size : ₹873.72 Cr
Retail : 35%
Retail Form : 203,868
EMP : 7.13 Cr
QIB : 50%
NII : 15%
Listing At : BSE, NSE

Registrar : Link InTime
Allotment : 11-Nov-2022
Listing : 16-Nov-2022

g profit pk ho kya😀

GMP - 72-75!!!

For Bikaji foods ipo..Liger,Checkmate,cb, IPOWizard,SamJos,Arca,pratham, PrasenIpo,krisnaT,AbhishekMani,PKRAJ,
MonsterZero,NITEENIPO,bAAz,bhav,Smile.,Prabhjot,ColdBurger,Chem,Takamichi,sdz,Jethalal,stockoholic,ultrasnow,harit,learner,SK, earthking,arjun rajkot,ipobull,eVA, avenue, DineshSingh,suneelparavala,mraviji,k.Atarji,ipomastana,lokes,shahukar,krupaji,arun,ipoanalysis,pkraj, aniket, noorul, Hostpacker, pRAce,eagle & owels eyes and all helping hands chitorgarh family members Should we go for apply or skip this ipo?

I will apply BikaJi , DCX and Fusion and avoid medanta.

BikaJi , DCX and Fusion and undersubcribed sme with good fundamentles. I will put close eye on subscription figure of SMEs. Vital will be oversubscribe highly, so i will skipping it.

Funds from dcx/ fusion will available for Archean and five star, so priority dcx in hni n fusion and bikaji retail.

What should be order of preference for upcoming ipo's.
If any one decides to apply as BHNI, wether he should opt for different IPOs as BHNI or single application of very big BHNI (approx. 40/50 lacs).

Given likely oversubscription in BHNI category there is no sense to apply over more than 10 lakh in any issue

BHNI will go maximum 8x as application wise so apply in BHNI for better return.

BIKAJI GMP. 90--95

Latest GMP please?

BIKAJI PREMIUM. 70--75.

इतना शानदार price band कहा से ले आये ?