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Bikaji Foods International Limited IPO Detail

Bikaji Foods International Limited IPO Detail

Bikaji Foods International Limited is one of India's largest fast-moving consumer goods ("FMCG") brands. The company's product range includes six principal categories: bhujia, namkeen, packaged sweets, papad, western snacks as well as other snacks which primarily include gift packs (assortment), frozen food, mathri range and cookies. In the six months that ended June 30, 2022, the company sold more than 300 products under the Bikaji brand.

The company was the largest manufacturer of Bikaneri bhujia with an annual production of 29,380 tonnes, and we were the second largest manufacturer of handmade papad with an annual production capacity of 9,000 tonnes in Fiscal 2022. The company has an international footprint, selling Indian snacks and sweets, and is among the fastest-growing companies in the Indian organised snacks market.

The company has over the years established market leadership in the core states of Rajasthan, Assam and Bihar with an extensive reach. It has gradually expanded its footprint across India, with operations across 23 states and three union territories as of June 30, 2022.

In the six months ended June 30, 2022, The company has exported the products to 21 international countries, including North America, Europe, the Middle East, Africa, and Asia Pacific, representing 3.20% of our sales of food products in such period.

Bikaji Foods International Limited has six operational manufacturing facilities that are operated by us, with four facilities located in Bikaner (Rajasthan), one in Guwahati (Assam), one facility in Tumakuru (Tumkur) (Karnataka) held through the subsidiary Petunt Food Processors Private Limited to cater to the southern markets in India.


  • 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 eCommerce 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.

Company Promoters

Shiv Ratan Agarwal, Deepak Agarwal, Shiv Ratan Agarwal (HUF) and Deepak Agarwal (HUF) are the company promoters.

IPO Details

IPO Opening DateNov 03, 2022
IPO Closing DateNov 07, 2022
Issue TypeBook Built Issue IPO
Face Value₹1 per equity share
IPO Price ₹285 - 300 per equity share
Market Lot50 Shares
Min Order Quantity50 Shares
Listing AtBSE, NSE
Issue Size₹881.22 Cr
Fresh Issue-
Offer for Sale₹881.22 Cr
Employee Discount₹15
Retail Portion 35%

IPO Subscription (Bidding Detail)

Day 1 0x 0.58x 1.1x 0.52x - 0.67x
Day 2 0.03x 1.42x 2.33x 1.41x - 1.47x
Day 3 80.63x 7.1x 4.78x 4.37x - 26.67x

IPO Tentative Timetable

The Bikaji Foods International Limited IPO open date is Nov 03, 2022, and the close date is Nov 07, 2022. The issue may list on Nov 16, 2022.

IPO Open DateNov 03, 2022
IPO Close DateNov 07, 2022
Basis of Allotment DateNov 11, 2022
Initiation of RefundsNov 14, 2022
Credit of Shares to Demat AccountNov 15, 2022
IPO Listing DateNov 16, 2022

IPO Lot Size

The Bikaji Foods International Limited IPO market lot size is 50 shares. A retail-individual investor can apply for up to 13 lots (650 shares or ₹195000).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding77.97%
Post Issue Share Holding75.96%

Company Financials:

For the year/period ended (₹ in Crore)

Financial Year Total Assets Total Revenue Profit After Tax
30-Jun-21 871.96 337.08 12.41
31-Mar-22 1102.13 1621.45 76.03
30-Jun-22 1146.28 423.82 15.7

Objects of the Issue:

The Selling Shareholders will be entitled to the entire proceeds of the Offer after deducting the Offer expenses and relevant taxes thereon. The Company will not receive any proceeds from the Offer.

Bikaji Foods International Limited IPO Registrar:

Link Intime India Private Ltd

Bikaji Foods International Limited IPO Lead Manager(s):

JM Financial Consultants Private Limited Axis Capital Limited IIFL Securities Ltd Intensive Fiscal Services Private Limited Kotak Mahindra Capital Company Limited

Company Contact Information:

Bikaji Foods International Limited

F 196-199, F 178 & E 188 Bichhwal Industrial Area