Bikaji Foods International Limited IPO – Review
Bikaji Foods International Limited – India’s largest FMCG (fast-moving consumer goods) brands with an international footprint is planning to raise INR 881 Cr via IPO [Fresh Issue NIL + OFS 881 Cr]
Bikaji Foods International: Company Profile
In the late 1980s, Shri Shivratan Agarwal decided to walk his path and create a new identity for himself, this lead to the birth of the brand “Bikaji”
Bikaji Foods International: Products
Bikaji Foods product range includes 6 principal categories:
- Bhujia,
- Namkeen,
- Packaged Sweets,
- Papad,
- Western Snacks, and
- Gift packs (assortment), frozen food, mathri range, and cookies
In Fiscal 2021, Bikaji Foods were largest manufacturer of Bikaneri bhujia with annual production of 26,690 tonnes, and were the second largest manufacturer of handmade Papad with an annual production capacity of 9,000 tonnes (Source: F & S Report)
Bikaji Foods are also one of the largest manufacturers of packaged rasgulla with the annual capacity of 24,000 tonnes and one of the largest manufacturers of soan papdi and gulab jamun with annual capacity of 23,040 tonnes and 12,000 tonnes respectively (Source: F & S Report)
The Company are one of the pioneers in the Indian packaged snacks industry which has given a novel twist to classic Indian snacks with a contemporary taste along with maintaining the regional flavours to address the evolving consumer preferences in India and internationally (Source: F & S Report)
Promoters
Shiv Ratan Agarwal,
Deepak Agarwal,
Shiv Ratan Agarwal (HUF)
Deepak Agarwal (HUF)
IPO DETAILS
Dates = 3 Nov 2022 to 07 Nov 2022
Face Value (FV) = INR 1
Issue Price / Floor Price = INR 285 to INR 300
Application per Share = INR 300
Minimum Investment Amount = INR 15000
Minimum Bid = 50 Shares
Maximum Shares for Retail = N.A.
FINANCIALS
Conclusion
Considering the company’s financial parameters, FinBlab recommends NEUTRAL ratings on bikaji foods ipo
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