Bikaji Foods IPO Detail

Please Share

Bikaji Foods IPO Detail

Primary business of our Company We are one of India’s largest fast-moving consumer goods (“FMCG”) brands with an international footprint, selling Indian snacks and sweets, and are among the fastest growing companies in the Indian organised snacks market. (Source: F&S Report)

Product Range

Our product range includes six principal categories: bhujia, namkeen, packaged sweets, papad, western snacks and other snacks which primarily includes gift packs (assortment), frozen food, mathri range and cookies. In the six months ended September 30, 2021, we sold more than 250 products under the Bikaji brand. Summary of industry in which the Company operates India’s packaged food business is currently valued at ₹ 3,615 billion.

It has grown significantly in last five years on account of changing lifestyles, rising incomes and urbanization. In Fiscal 2015, the packaged food retail revenue was worth ₹ 2,434 billion and has registered a CAGR of approximately 10.40% from Fiscal 2015 to Fiscal 2020. It is estimated to grow at CAGR of 11.50% in next five years to reach at ₹ 5,581 billion.

(Source: F&S Report) Indian Savoury Snacks market is valued at ₹ 728 billion in 2021 and is expected to reach ₹ 1,186 billion by 2025 at CAGR 13%. (Source: F&S Report)

Qualitative factors Some of the qualitative factors which form the basis for computing the Offer Price are:

• Well-established brand with pan-India recognition

• Diversified product portfolio focused on various consumer segments and markets

• Strategically located, large scale sophisticated manufacturing facilities with stringent quality standards; • Extensive pan-India and global distribution network, arrangements with reputed retail chains and growing e-commerce and exports channel

• 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

• Experienced Promoters and management team

Bikaji Foods IPO GMP today is Rs 40 ( Grey Market Premium Bikaji Foods )

IPO Date	Nov 3, 2022 to Nov 7, 2022
Listing Date	Yet to Declared
Face Value	₹1 per share
Price	Rs 285 to Rs 300 per Share
Lot Size	50 Shares
Issue Size	29,373,984 shares of ₹1 ( 881.22 Crore )

Offer for Sale	29,373,984 shares of ₹1
Company Promoters	Shiv Ratan Agarwal, Deepak Agarwal, Shiv Ratan Agarwal (HUF) and Deepak Agarwal (HUF)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
QIB Shares	Not more than 50% of the Net Offer
NII (HNI) Shares	Not less than 15% of the Net Offer
Retail Shares	Not less than 35% of the Net Offer

Event	Tentative Date
Opening Date	03-Nov-22
Closing Date	07-Nov-22
Basis of Allotment	11-Nov-22
Initiation of Refunds	14-Nov-22
Credit of Shares to Demat	15-Nov-22
Listing Date	16-Nov-22