Bikaji Foods International IPO

Bikaji Foods International Ltd.

₹14,250 /50 sharesMinimum Investment

Bikaji Foods International IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
3 Nov ‘22 - 7 Nov ‘22₹14,25050₹285 - ₹300
Issue SizeIPO Doc
881.22Cr
RHP PDF

Subscription Status As on 07 Nov '22, 6:00 PM

  • Retail Individual Investor
    4.77x
  • Non-Institutional Investor
    7.10x
  • Qualified Institutional Buyers
    80.63x
  • Employees
    3.32x
  • Total
    26.67x

About Bikaji Foods International

Bikaji Foods International is the third-largest ethnic snacks company in India with an international footprint, selling Indian snacks and sweets, and the second-fastest growing company in the Indian organized snacks market. Its product range includes six principal categories including bhujia, namkeen, packaged sweets, papad, western snacks as well as other snacks which primarily include gift packs (assortment), frozen food, mathri range, and cookies. ;
Parent Organisation
Bikaji Foods International Ltd.
Founded
1995
Managing Director
Deepak Agarwal

Strengths & Risks

  • A well-established brand with pan-India recognition.
  • In 2022, it was the largest manufacturer of Bikaneri Bhujia with an annual production of 29,380 tonnes, and the second-largest manufacturer of handmade papad with an annual production capacity of 9,000 tonnes.
  • Bikaji Foods is also the third-largest player in the organized sweets market with an annual capacity of 24,000 tonnes for packaged rasgulla, 23,040 tonnes for soan papdi, and 12,000 tonnes for gulab jamun.
  • Diversified product portfolio focused on various consumer segments and markets.
  • Strategically located, large scale sophisticated manufacturing facilities with stringent quality standards.
  • Extensive distribution network in India.
  • Strategic arrangements with retail chains in India and international markets.
  • Growing e-commerce channel.
  • Significant multi-product export sales.
  • Consistent financial performance.
  • Significant dependence on the sale of its bhujia products and family pack stock keeping units for its revenues.
  • Impact of factors including variations in raw materials, pricing, product mix, end consumer preferences, sales velocities, advertisement and sales promotion initiatives, and competition.
  • Investments in unsecured debt instruments.
  • Instances of non-compliances and alleged non-compliance with respect to certain regulatory filings for corporate actions taken by the company in the past.
  • Any inability to maintain or enhance the popularity of its Bikaji brand.
  • Any slowdown or interruption to its manufacturing operations or under-utilization of its existing or future manufacturing facilities.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular285 - 300₹2 Lakh
For Bikaji Foods International IPO, eligible investors can apply as Regular.
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