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Bikaji Foods IPO: The IPO of Bikaji Foods International Limited, a company that makes snacks and sweets, has opened for the subscription of investors from today. This issue is purely Offer for Sale (OFS) i.e. no new shares are being sold in it. Promoters and investors are selling their stake in this issue. The issue of the company will open today and will close on 7th November i.e. IPO is open for 4 days.
Know the Price Band for Bikaji Foods IPO
The price band for the IPO by Bikaji Foods has been fixed between Rs 285 and Rs 300. The company is preparing to raise 881.2 crores through this IPO. Under the IPO, 2.94 crore shares will be sold under the offer for sale.
What is the minimum amount to be invested in IPO?
Investors of Bikaji Foods will have to bid for at least 50 shares in its IPO and thus a retail investor will have to invest a total of Rs 15,000 (50 stocks X Rs 300) in the issue.
Rs 262 crore raised from anchor investors
Bikaji Foods has already raised Rs 262.11 crore from anchor investors before the IPO opens and has been allotted shares at Rs 300 per share. A total of 87.37 lakh shares have been allotted.
Shares of Bikaji Foods are at a premium in the gray market
Shares of Bikaji Foods are trading at a premium of Rs 71 in the gray market today and if this trend continues, then investors can get good profits at the time of listing of the company’s shares.
Share allotment date and listing date
The allotment of shares to the investors of Bikaji Foods may take place on November 11, 2022. The shares of Bikaji Foods International Limited can be listed on the stock market on 16 November 2022.
Get to Know Bikaji Foods
Bikaji Foods Company has more than 250 varieties of namkeens and the price range for this is also very wide. Tries to cover every type of namkeen from North India to North East. The company is eyeing further growth in this segment. The company’s product range ranges from Bhujia, Namkeen, Packed Sweets to Papad and Frozen Food and Cookies. The company has a presence all over India and their portfolio is quite diversified. The company has a good distribution network and the company is achieving rapid growth in the FMCG sector.
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