Bikaji Foods International IPO

Bikaji Foods International Ltd.

₹14,250 /50 sharesMinimum Investment

Bikaji Foods International IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹300.00₹323.00₹23.00 (7.67%)

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

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
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