Everything You Need to Know About the Bikaji Foods IPO

Bikaji Foods is one of India’s largest fast-moving consumer goods (FMCG) brands. The company is engaged in selling Indian snacks and sweets which include six principal categories; bhujia, namkeen, packaged sweets, papad, western snacks as well as other snacks that primarily includes gift packs (assortment), frozen food, and cookies.

As of September 30, 2021, Bikaji Foods operates across 22 states and three union territories in India. And also exports its products to 35 countries internationally including countries in North America, Europe, the Middle East, Africa, and the Asia Pacific representing 4.60% of the company’s sales of food products in the six months ending September 30, 2021.

The entire public offer of Bikaji Foods comprises an offer for sale of 2.93 crore equity shares from existing shareholders.

Financial Snapshot

Financial Year Ended Revenue (₹ Crores) PAT (₹ Crores) EPS (₹)
March 2019 910.65 50.93 2.11
March 2020 1,082.90 56.37 2.32
March 2021 1,322.21 90.34 3.71
September 2021 777.13 40.93 1.71

For more information, you can read the IPO prospectus filed by the company:

IPO Details

Issue period 3rd November 2022 - 7th November 2022
Price band ₹ 285 - 300
Minimum Bid Quantity 50 and in multiples thereof
Face value ₹ 1
No of shares 29,373,984 shares
Issue size ₹ 881 crores
Date of Allotment 11th November 2022
Initation of Refund 14th November 2022
Credit of shares 15th November 2022
Date of Listing 16th November 2022
Mandate end date To be confirmed
Anchor Investors Lock-in End Date To be confirmed

How do I apply for the Bikaji Foods IPO?

You can apply for it using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Bikaji Foods IPO?

You can check the allotment status on the website of the Registrar and Transfer agent .

Alternatively, you can also check the allotment status on the NSE website.


Bikaji too is coming into the market :face_in_clouds:

A part of Indian businesses is indeed changing then. I don’t know if this change will be beneficial for the investors, but this is a change for sure,and I hope it is for good.

The entire public offer of Bikaji Foods comprises an offer for sale of 2.93 crore equity shares from existing shareholders…face value 1 share is being SOLD by existing shareholders at 285-300 …company will not get anything .

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I was saying about the overall change happening. Businesses from many sectors, even regional food players are coming into the market. Expanding the market for sure, but if they are richly valued then investors may not always get rewarded.

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