Bikaji Foods International Limited is one of the largest FMCG brands in India. It contains Bhujia, Namkeen, Papad, Snacks, Frozen Foods, cookies etc. The company is also involved in exporting its goods and is one of the fastest growing FMCG brands in that list as well. The company has major sales of its products in Rajasthan, Bihar and Assam. It procures its business in 23 states and 3 Union Territories. It has 6 manufacturing facilities in India. Among them 4 are located in Rajasthan. Others are located in Assam and Karnataka each.
IPO DETAILS
Bikaji Foods International Limited IPO is set to launch on 3rd Nov., 2022. The subscription timeline extends till 7th Nov., 2022. The size for the IPO is 881.22 Crore Rs.. Shares issued through Offer For Sale are worth 881.22 Crore Rs. No Shares are issued through Fresh Issue mode. The lot size is 50 shares and the price range is 285 Rs. – 300 Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Re. 1 and this is a book built issue. The registrar for the company is Link Intime India Private Limited.
TABULAR REPRESENTATION OF IPO DETAILS
| IPO OPENING DATE | 3Rd Nov., 2022 |
| CLOSING DATE FOR IPO | 7th Nov., 2022 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 1 Re. per share |
| IPO price band | 285 Rs. – 300 Rs. |
| LOT SIZE | 50 shares |
| MINIMUM ORDER QUANTITY | 50 shares |
| ISSUE SIZE | 881.22 Crore Rs. |
| OFFER FOR SALE | 881.22 Crore Rs. |
| FRESH ISSUE | No shares issued |
| LISTING AT | NSE, BSE |
| LISTING DATE | 16th Nov., 2022 |
IMPORTANT DATES
| IPO OPENING DATE | 3rd Nov., 2022 |
| CLOSING DATE FOR IPO | 7th Nov., 2022 |
| IPO ALLOTMENT DATE | 11th Nov., 2022 |
| REFUNDS | 14th Nov., 2022 |
| DEMAT A/C CREDITED ON | 15th Nov., 2022 |
| IPO LISTING DATE | 16th Nov., 2022 |
Bikaji Foods International Limited IPO begins for subscription from 3rd Nov., 2022. The IPO subscription would continue till 7th Nov, 2022. The allotment status for the shareholders who applied would come on 11th Nov., 2022. The refunds for the ones who did not get allotment would be initiated on 14th Nov., 2022. The DEMAT accounts of shareholders would be credited on 15th Nov., 2022. The listing of the company would be accompanied on 16th Nov., 2022.
Lead Managers
The lead managers are :
- JM Financial Limited
- IIFL Securities Limited
- Intensive Fiscal Services Private Limited
- Axis Capital Limited
- Kotak Mahindra Capital Company Limited
The minimum lot size for the company is decided at 50 shares. This holding accounts to 15000 Rs.. The maximum lot size is decided at 650 shares. This amounts to 195000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 50 shares | 15000 Rs. |
| Maximum | 650 shares | 195000 Rs. |
OBJECTIVES FOR THE IPO
- For General corporate purposes.
- For achieving the listing benefits.
COMPANY FINANCIALS
| Particularly (in Crore Rs.) | 2021-22 | 2020-21 | 2019-20 |
| ASSETS | 1102 | 817 | 676 |
| Revenue | 1621 | 1322 | 1082 |
| PAT | 76 | 90 | 56 |
The asset base of the company is expanding rapidly with time. The company had 676 Crore Rs of assets in 2019-20 which increased to 817 Crore Rs. This went on to 1102 Crore Rs in 2022. This means that in a span of 2 years the company’s assets increased by 63%. The revenue on the other hand is also increasing at a slow pace. The revenue was 1082 Crore rs in 2020 which increased to 1322 Crore Rs in 2021 and 1621 Crore Rs in 2022. The Profits are however going down. The profits recorded in 2020 was 56 Crore Rs which increased to 90 Crore Rs. However in 2022 the profits came down to 76 Crore Rs. Thus the company’s profitability needs a stable flow for better growth in future.
PROS
- Bikaji Foods International Limited is one of the fastest growing FMCG brands in India.
- It has 6 manufacturing facilities in India. Among them 4 are in Rajasthan. Assam and Karnataka have one facility each.
- The company also exports its profits to more than 21 international countries like Africa or in the Middle East, Europe etc.
CONS
- The company works in a competitive segment.
Bikaji Foods International Limited IPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the Bikaji Foods International Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
