Bikaji Foods International Limited IPO : Company Info. and Key Dates

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 :

1. Logging into Zerodha console through its website or KITE platform.
2. Clicking the IPO link present in the Portfolio section.
3. Click the Bikaji Foods International Limited IPO button and press the BID button.
4. Entering the details asked for like UPI ID, Quantity and price.
5. Submit the application form for the IPO.
6. 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.