Bikaji Foods IPO will open for subscription from 03 November 2022. the company aims for an issue size of through this IPO.
Bikaji Foods International Limited
The company is one of India’s largest fast-moving consumer goods (FMCG) brands with an international footprint, selling Indian snacks and sweets, and is among the fastest-growing companies in the Indian organized snacks market. In Fiscal 2021, it was the largest manufacturer of Bikaneri bhujia with an annual production of 26,690 tonnes, and it was the second largest manufacturer of handmade papad with an annual production capacity of 9,000 tonnes.
Bikaji Foods is also one of the largest manufacturers of packaged rasgulla with an annual capacity of 24,000 tonnes and one of the largest manufacturers of Soan Papdi and Gulab Jamun with an annual capacity of 23,040 tonnes and 12,000 tonnes respectively. In the six months that ended on 30 September 2021, it sold more than 250 products under the Bikaji brand.
Over the years, the company has established market leadership in the ethnic snacks market in its core states of Rajasthan, Assam, and Bihar with extensive reach, and has gradually expanded its footprint across India, with operations across 22 states and three union territories as of 30 September 2021. As of 30 September 2021, it had exported its products to 35 international countries, including countries in North America, Europe, the Middle East, Africa, and Asia Pacific, representing 4.60% of its sales of food products in such a period.
Basic details about the company
| Full name | Bikaji Foods International Limited |
| Sector | Fast-Moving Consumer Goods |
| Industry | Consumer Food |
| Company Website | https://www.bikaji.com// |
Major competitive strengths
- Diversified product portfolio focused on various consumer segments and markets.
- Extensive pan-India and global distribution network, arrangements with reputed retail chains, and growing eCommerce and exports channel.
- Strategic arrangements with retail chains in India and international markets.
- Significant multi-product export sales.
- A well-established brand with pan-India recognition.
- Strategically located, large-scale sophisticated manufacturing facilities with stringent quality standards.
- Extensive distribution network in India.
- Growing e-commerce channel.
Objects of the Issue
Dates to remember
| IPO Opening date | 03 November 2022 |
| IPO Closing | 07 November 2022 |
| Basis of Allotment | 11 November 2022 |
| Initiation Refund | 14 November 2022 |
| Credit to Demat Account | 15 November 2022 |
| Listing Date | 16 November 2022 |
Bikaji Foods IPO Details
Coming Soon
Bikaji Foods IPO Lot size
Coming Soon
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Bikaji Foods Financial Performance
| FY 2019 | FY 2020 | FY 2021 | H1 FY 2022 | |
| Revenue | 901.4 | 1,074.6 | 1,310.7 | 771.7 |
| Expenses | 834.8 | 1,019.3 | 1,202.1 | 721.4 |
| Net income | 50.3 | 65.2 | 81.5 | 41.7 |
| Margin (%) | 5.58 | 6.07 | 6.22 | 5.40 |
Bikaji Foods Valuations & Margins
| FY 2019 | FY 2020 | FY 2021 | |
| EPS | 2.11 | 2.32 | 3.71 |
| PE ratio | – | – | – |
| RONW (%) | 10.84 | 10.65 | 14.93 |
| NAV | – | – | 24.85 |
| ROCE (%) | 16.55 | 12.79 | 20.88 |
| EBITDA (%) | 10.35 | 8.80 | 11.04 |
| Debt/Equity | 0.15 | 0.10 | 0.14 |
Company Promoters
- Shiv Ratan Agarwal
- Deepak Agarwal
- Shiv Ratan Agarwal (HUF)
- Deepak Agarwal (HUF)
Bikaji Foods IPO Promoter Holding
| Pre Issue Share Holding | 77.97% |
| Post Issue Share Holding | – |
Lead Manager(s)
- JM Financial Consultants Private Limited
- Axis Capital Limited
- IIFL Securities Ltd
- Intensive Fiscal Services Private Limited
- Kotak Mahindra Capital Company Limited
Bikaji Foods IPO Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 22 4918 6200
Email: bikaji.ipo@linkintime.co.in
Website: www.linkintime.co.in
Bikaji Foods Contact Details
Bikaji Foods International Limited
Plot No. E-558-561,
C -569-572, E -573-577,
F-585-592, Karni Extension,
RIICO Industrial Area,
Bikaner – 334 004 Rajasthan
Phone: +91 151 2259914
Email: cs@bikaji.com
Website: www.bikaji.com
Bikaji Foods IPO Allotment Status
Bikaji Foods IPO allotment will be available on Link Intime’s website.
Click on this link to get allotment status.
Final thoughts
Bikaji Foods IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
