Bikaji Foods International Limited IPO

Bikaji Foods International Limited IPO GMP, Review, Price, Allotment

Bikaji Foods International Limited is one of the largest fast-moving consumer goods (“FMCG”) brands in India. The company’s range includes six main categories: bhujia, namkeen, packaged sweets, papads, Western snacks, as well as other snacks that mostly consist of gift packs (assortments), frozen products, the Mathri series, and biscuits. In six months ending 30 June 2022, the company sold over 300 products under Bikaji brand.

The company is the largest producer of Bikaneri Bhujias, producing 29,380 tonnes per year, while in FY2022, we are the second largest producer of hand-rolled papads, producing 9000 tonnes per year. The company has international presence, markets Indian snacks and confectionery products, and is one of the fast-growing companies in India’s organized snacking market.

The company has established a dominant position in key states like Rajasthan, Assam, and Bihar for years, and has an extended reach. It has been slowly expanding its reach throughout India, operating across 23 states and three Union Territories as on 30 June 2022. In the six months ended June 30, 2022, the Company exported products to 21 international countries including North America, Europe, the Middle East, Africa, and Asia-Pacific, accounting for 3.20 per cent of our sales in food products during those periods. Bikaji Foods International Limited has six operational production units which are operated by Us, four units located at Bikaner (Rajasthan), one at Guwahati (Assam), and one at Tumakuru (Tumkur) (Karnataka) held under Petunt Food Processors Private Limited for catering to southern markets of India. 

Bikaji Foods International Limited IPO Important Dates

Opening Date3 November 2022
Closing Date7 November 2022
Basis of Allotment11 November 2022
Initiation of refunds14 November 2022
Transfer of shares to demat accounts15 November 2022
Listing Date16 November 2022

Bikaji Foods International Limited IPO Details

Price Band₹285 to ₹300 per share
Lot Size50 Shares
Minimum Amount for 1 lot₹15,000
Total IPO size₹881.22 crore
Offer for Sale29,373,984 shares
Listing AtBSE, NSE
Retail Quota35%
QIB Quota50%
NII Quota15%
DRHP Draft ProspectusClick Here
RHP Draft ProspectusClick Here

Objects of the Issue

  • The listing will enhance its visibility and brand image
  • To provide a public market for the equity shares in India

Company Financials

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

Revenue, EBITDA and PAT

Particulars (in Rs. Crores)FY22FY21FY20
Revenue1611.01310.71074.6
EBITDA139.5144.894.6
PAT76.090.356.4

Cash flow

Particulars (in Rs. Crores)FY22FY21FY20
Net cash generated from / (used in) operating activities57.5117.260.7
Net cash from / (used in) investing activities-231.6-114.1-63.5
Net cash flow from / (used in) financing activities-5.3-9.1-31.5
Net increase (decrease) in cash and cash equivalents-5.3-5.9-34.3

IPO Valuation – FY2022

Earning Per Share (EPS):₹3.71 per Equity Share
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):14.93%
Net Asset Value (NAV):₹24.85 per Equity Share

Peer Comparison

Name of the CompanyTotal RevenueBasic EPSNav Rs. per sharePERoNW%
Bikaji Foods International Limited1,610.963.1532.83NA9.51%
Prataap Snacks Limited1,396.621.24266.17748.910.47%
DFM Foods Limited554.45-4.9330.38-77.84-16.21%
Nestle India Limited14,709.41222.46216.286.85102.90%
Britannia Industries Limited14,136.2663.31105.3759.7560.08%

Company Promoters

  • Shiv Ratan Agarwal
  • Deepak Agarwal
  • Shiv Ratan Agarwal (HUF)
  • Deepak Agarwal (HUF)

IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: fusion.ipo@linkintime.co.in
Websitehttps://linkintime.co.in/

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
Websitehttps://www.bikaji.com/

Bikaji Foods International Limited IPO GMP

GMP (Grey Market Premium)Subject to SaudaListing Gain
₹7040%

Bikaji Foods International Limited IPO Review

What our experts say about Bikaji Foods International Limited IPO ReviewApply

Bikaji Foods International Limited IPO Subscription Details

Investor CategorySubscription (times)
Qualified Institutions80.63
Non-Institutional Buyers7.10
Retail Investors4.77
Employees4.38
Others
Total26.67

Bikaji Foods IPO Subscription Details (times)

DateQIBNIIRetailEMPTotal
Day 1
Nov 3, 2022
0.010.581.100.520.67
Day 2
Nov 4, 2022
0.031.422.331.411.48
Day 3
Nov 7, 2022
80.637.104.774.3826.67

Bikaji Foods International Limited IPO Allotment Status

Check Fusion Bikaji Foods International Limited IPO Allotment StatusClick Here

Bikaji Foods International Limited IPO Listing Performance

Bikaji Foods International Limited IPO Listing Price is ₹321.15

IPO Price Band₹285 to ₹300
Open₹321.15
Low₹314.00
High₹335.00
Close₹317.45

FAQ

When will Bikaji Foods International Limited IPO will open?

Bikaji Foods International Limited IPO is set to open on 3 November 2022.

What is Bikaji Foods International Limited IPO Price Band?

Bikaji Foods International Limited IPO Price Band is ₹285 to ₹300 per share.

What is the lot size of Bikaji Foods International Limited IPO?

Lot size of Bikaji Foods International Limited IPO is 50 Shares per lot.

What is Bikaji Foods International Limited offer size?

Bikaji Foods International Limited IPO offer size is ₹881.22 crore.

What is the last date to apply for Bikaji Foods International Limited IPO?

Last date to apply Bikaji Foods International Limited IPO is 7 November 2022.

What is the Bikaji Foods International Limited IPO Allotment Date?

Allotment Date for Bikaji Foods International Limited IPO is 11 November 2022.

What is the Bikaji Foods International Limited IPO Listing Date?

Listing Date for Bikaji Foods International Limited IPO is 16 November 2022.

How to Apply Bikaji Foods International Limited IPO through 5 Paisa?

  1. Login to your 5paisa account and select “Bikaji Foods International Limited IPO” in the current IPO section.
  2. Enter the number of lots and price at which you wish to apply for the IPO.
  3. Enter your UPI ID and click on submit.
  4. You will receive a mandate notification to block funds in your UPI app.
  5. Approve the mandate request on your UPI and funds will be blocked

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