Bikaji Foods International IPO will open on 3rd November and close on 7th November. Bikaji Foods is one of India's largest Fast Moving Consumer Goods ("FMCG") brands, selling Indian snacks and sweets, and one of the fastest growing companies in the Indian snacks market. Bikaji Foods mainly includes products such as Bhujia, Namkeen, Packaged Sweets and Papad. Along with this, other snacks which mainly include gift packs, frozen food, mathri range and cookies etc.
Bikaji Foods manufactures more than 30 varieties of dry and wet sweets using ingredients like milk, gram flour, sugar, dry fruits, mawa and paneer. Dry sweets include soan papdi, dry fruit barfi and laddoos, and wet sweets include rasgulla, rajbhog, gulab jamun etc. They have a varied selection of sweets and are popular all over India. Some of the company's popular sweets brands are Gol-Matol (Rasgulla), Manbhavan (Son Papdi), Sadabahar (Son Papdi), Gol-M-Gol (Gulab Jamun), Rajbhog,
Bikaji Foods is the largest manufacturer of Bikaneri Bhujia. In the year 2021, the annual production capacity of Bhujia was 26,690 tonnes and Papad production capacity was 9,000 tonnes. Bikaji Foods is the second largest manufacturer of Papad. The company is one of the largest manufacturers of packaged Rasgulla, Son Papdi and Gulab Jamun. Packaged Rasgulla Son Papdi and Gulab Jamun annual capacity is 24,000 tonnes, 23,040 tonnes and 12,000 tonnes respectively. The company's plants are located in Bikaner, Rajasthan and Assam and Karnataka. Going forward, the company has plans to open its plants in Bihar and Uttar Pradesh as well.
Bikaji Foods also exports its products outside the country. Products are exported to 35 countries, including North America, Europe, the Middle East, Africa and the Asia Pacific region. Bikaji's product sweets and gift packs are widely used during festivals.
Information about the product sold.
| Products sold (in tons) | 2019 | 2020 | 2021 |
| Bhujia | 22392 | 23793 | 29694 |
| salty | 25166 | 27480 | 30551 |
| packaged sweets | 10225 | 11164 | 13193 |
| Papad | 4681 | 4931 | 5148 |
| western snacks | 2643 | 3619 | 4218 |
| other snacks | 1454 | 1944 | 1551 |
Important information about Bikaji Foods IPO
| Bikaji Foods IPO Price | ₹285 – ₹300 per share |
| Bikaji Foods IPO Listing Exchange | NSE, BSE |
| ipo lot size | 50 shares |
| ipo face value | ₹1 per share |
| QIB Reservation | 50% |
| NII (HNI) Reservation | 15% |
| RETAIL Reservation | 35% |
Bikaji Foods IPO Important Dates
| Bikaji Foods IPO opening date | 03 November 2022 |
| closing date | 07 November 2022 |
| date of share allotment | 11 November 2022 |
| refund issue date | 14 November 2022 |
| Date of entry into share demat account | 15 November 2022 |
| Bikaji Foods IPO IPO Listing Date | 16 November 2022 |
Financial information of Bikaji Foods IPO (Figures are in crores.)
| FY21 | FY20 | FY19 | |
| revenue | 1310.7 | 1074.6 | 901.4 |
| EBITDA | 144.8 | 94.6 | 93.3 |
| profit after tax | 90.3 | 56.4 | 50.9 |
| asset | 817.1 | 676.6 | 630.9 |
| net lending | 86.2 | 52.3 | 72.3 |
Bikaji Foods IPO Subscription Status
| 03 November 2022 | 04 November 2022 | 07 November 2022 | |
| Qib | 0.01 | 0.03 | 80.63 |
| NII | 0.58 | 1.42 | 7.10 |
| RETAIL | 1.10 | 2.33 | 4.77 |
| EMPLOYEE | 0.52 | 1.41 | 4.38 |
| TOTAL | 0.67 | 1.48 | 26.67 |