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Bikaji Foods International Limited IPO (Bikaji Foods IPO) Detail

Nov 3, 2022 - Nov 7, 2022

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 June 30, 2022, the company sold more than 300 products under the Bikaji brand.

The company was the largest manufacturer of Bikaneri bhujia with an annual production of 29,380 tonnes, and we were the second largest manufacturer of handmade papad with an annual production capacity of 9,000 tonnes in Fiscal 2022. 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 23 states and three union territories as of June 30, 2022.

In the six months ended June 30, 2022, The company has exported the products to 21 international countries, including North America, Europe, the Middle East, Africa, and Asia Pacific, representing 3.20% 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.

Strenghts:

  • Well-established brand with pan-India recognition.
  • Diversified product portfolio focused on various consumer segments and markets.
  • Strategically located, large-scale sophisticated manufacturing facilities with stringent quality standards.
  • Extensive pan-India and global distribution network, arrangements with reputed retail chains and growing eCommerce and exports channel.
  • Extensive distribution network in India.
  • Strategic arrangements with retail chains in India and international markets.
  • Growing e-commerce channel.
  • Significant multi-product export sales.

Company Financials

Bikaji Foods International Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-19630.9910.6550.93469.7772.31
31-Mar-20676.641082.956.37529.1652.3
31-Mar-21817.151322.2190.34604.186.15
30-Jun-21871.96337.0812.41618.45101.13
31-Mar-221102.131621.4576.03819.26141.23
30-Jun-221146.28423.8215.7834.8156.39
Amount in ₹ Crore

Objects of the Issue

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 IPO Details

IPO Date Nov 3, 2022 to Nov 7, 2022
Listing Date Wednesday, November 16, 2022
Face Value ₹1 per share
Price ₹285 to ₹300 per share
Lot Size 50 Shares
Issue Size29,373,984 shares of ₹1
(aggregating up to ₹881.22 Cr)
Offer for Sale29,373,984 shares of ₹1
(aggregating up to ₹881.22 Cr)
Employee Discount 15
Issue Type Book Built Issue IPO
Listing At BSE, NSE
QIB Shares OfferedNot more than 50% of the Net Offer
NII (HNI) Shares OfferedNot less than 15% of the Net Offer
Retail Shares OfferedNot 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 Tentative Timetable

Bikaji Foods IPO opens on Nov 3, 2022, and closes on Nov 7, 2022. The Bikaji Foods IPO bid date is from Nov 3, 2022 10.00 A.M. to Nov 7, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
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 Lot Size

The Bikaji Foods IPO lot size is 50 shares. A retail-individual investor can apply for up to 13 lots (650 shares or ₹195,000).

Application Lots Shares Amount
Retail (Min) 1 50 ₹15,000
Retail (Max) 13 650 ₹195,000
S-HNI (Min) 14 700 ₹210,000
B-HNI (Min) 67 3,350 ₹1,005,000

Bikaji Foods IPO Promoter Holding

Pre Issue Share Holding 77.97%
Post Issue Share Holding 75.96%

Bikaji Foods IPO Review

BFIL is one of the largest organized namkeen snacks and sweets manufacturing and marketing companies. It has posted declined margins for FY22 on higher sales in line with the general trends of the industry. Sustainability of such margins going forward amidst stiff competition raise concerns. Based on its FY23 annualized earnings, the issue is aggressively priced. Well-informed, cash surplus/risk seekers may consider parking funds in this issue. Read detail review...


Bikaji Foods IPO Subscription Status (Bidding Detail)

The Bikaji Foods IPO is subscribed 26.67 times on Nov 7, 2022 7:00:00 PM. The public issue subscribed 4.77 times in the retail category, 80.63 times in the QIB category, and 7.10 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB80.63
NII7.10
    bNII (bids above ₹10L)7.47
    sNII (bids below ₹10L)6.34
Retail4.77
Employee4.38
Total26.67

Bikaji Foods IPO Prospectus

Bikaji Foods IPO Rating

993
4.0
Rating:Rated 4.0 stars
Vote Here ...

Bikaji Foods IPO Listing Date

Listing Date Wednesday, November 16, 2022
BSE Script Code 543653
NSE Symbol BIKAJI
Listing In B Group of Securities
ISIN INE00E101023
IPO Price ₹300 per share
Face Value ₹1 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹300.00
₹321.15
₹314.00
₹335.00
₹317.45
NSE
₹300.00
₹322.80
₹314.20
₹334.70
₹317.45

Company Contact Information

Bikaji Foods International Limited
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

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: bikaji.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Bikaji Foods IPO FAQs

Bikaji Foods IPO is a main-board IPO of 29,373,984 equity shares of the face value of ₹1 aggregating up to ₹881.22 Crores. The issue is priced at ₹285 to ₹300 per share. The minimum order quantity is 50 Shares.

The IPO opens on Nov 3, 2022, and closes on Nov 7, 2022.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Bikaji Foods IPO using UPI as a payment gateway. Zerodha customers can apply in Bikaji Foods IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Bikaji Foods IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Bikaji Foods IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Bikaji Foods IPO opens on Nov 3, 2022 and closes on Nov 7, 2022.

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

You can apply in Bikaji Foods IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization 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 allotment status.

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