Bikaji Foods IPO, Dates, Price, & Allotment Details 2022

Bikaji Foods IPO on November 3  and closes on November 7, 2022. As per DRHP filled with SEBI by the company they will offer for sale 2,93,73,984 shares.

One of the biggest fast-moving consumer goods (“FMCG”) brands in India, Bikaji Foods sells Indian snacks and sweets and is one of the companies with the quickest growth in the organised snacking sector in India. One of the industry’s pioneers, Bikaji Foods Limited has given traditional Indian snacks a fresh makeover with a modern flavour while preserving the regional flavours to meet changing consumer preferences both domestically and abroad. (F&S Report as Source)

As of September 30, 2021, the Bikaji brand was present in 22 states and 3 union territories. They exported our products to 35 foreign nations during the six-month period that concluded on September 30, 2021, including those in North America, Europe, the Middle East, Africa, and Asia Pacific. This accounted for 4.60% of our total sales of food items at that time.

The company’s product line is divided into six main categories: bhujia, namkeen, packaged sweets, papad, western snacks, and other snacks, the majority of which are gift packs (assortment), frozen cuisine, the mathri range, and cookies. More than 250 goods were sold by the company under the Bikaji brand during the six months that concluded on September 30, 2021.

Bikaji Foods Limited – Noteworthy Highlights

1. One of the biggest fast-moving consumer goods (“FMCG”) brands in India with a global presence is Bikaji Foods.
2. With annual production of 26,690 tonnes, they were the leading producer of Bikaneri bhujia in fiscal 2021.
3. With a 9,000-tonne yearly manufacturing capacity in Fiscal 2021, they were the second-largest producer of handmade papad. (F&S Report as Source)
4. With a capacity of 24,000 tonnes per year, we are also among the biggest producers of packaged rasgulla.
5. a major producer of soan papdi and gulab jamun, with yearly production capacities of 12,000 and 23,040 tonnes, respectively. (F&S Report as Source)

Objects of the Issue

The company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:

• 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.

Financial Highlights (Restated)

Particulars	Period ended on 30th September 2021	FY 2020-21	FY 2019-20	FY 2018-19
Total Assets	1066.24	817.15	676.64	630.9
Net worth	795.48	604.1	529.16	469.77
Revenue from operations	777.13	1322.21	1082.9	910.65
Profit After Tax	40.93	90.34	56.37	50.93
Total Borrowing (As per Restated Balance sheet)	106.73	86.15	52.3	72.31

Bikaji Foods Limited IPO – Details

Issue Type	Book Built Issue IPO
IPO Price	Rs [●] per share
Face Value	Rs 1 per share
Market Lot	–
Issue Size	–
Offer for sale	2,93,73,984 shares of Rs 1 (Aggregating up to Rs [●] crore)
QIB Shares Offered	Not more than 50% of the Offer
NII (HNI) Shares Offered	Not less than 15% of the Offer
Retail Shares Offered	Not less than 35% of the Offer
Listing At	BSE, NSE
Promoters	1. Shiv Ratan Agarwal, 2. Deepak Agarwal, 3. Shiv Ratan Agarwal (HUF) 4. Deepak Agarwal (HUF)

Tentative Dates for Bikaji Foods Limited IPO

IPO opens on	Nov 3, 2022
IPO closes on	Nov 7, 2022
Basis of Allotment publication date	Nov 11, 2022
Initiation of Refund	Nov 14, 2022
Credit of shares to Demat Account	Nov 15, 2022
IPO listing	Nov 16, 2022

Bikaji Foods Limited IPO – Promoter Holding

Pre issue share holding	77.97%
Post issue share holding	–

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Bikaji Foods Limited IPO – SWOT Analysis

STRENGTH

1. Well-established brand with pan-India recognition
2. Diversified product portfolio focused on various consumer segments and markets
3. Strategically located, large scale sophisticated manufacturing facilities with stringent quality standards
4. Extensive pan-India and global distribution network, arrangements with reputed retail chains and growing ecommerce and exports channel
5. Extensive distribution network in India
6. Consistent financial performance

WEAKNESS

1. Company financial performance much more depends on bhujia product, any reduction on the demand of this product may significantly affect the financial performance of company.
2. Company business is subject to seasonality. Lower revenues outside of the festive period of any Fiscal may adversely affect its business, financial condition, results of operations and prospects.

OPPORTUNITY

1. Indian Savoury Snacks market is valued at Rs 728 billion in 2021 and is expected to reach ₹ 1,186 billion by 2025 at CAGR 13%.

THREAT

1. Inadequate or interrupted supply and price fluctuation of company raw materials and packaging materials could adversely affect business, results of operations, cash flows, profitability and financial condition of company.
2. An inability to comply with food safety laws, environmental laws and other applicable regulations in relation to company manufacturing facilities may adversely affect its business, financial condition and results of operations.
3. Competition

Miscellaneous Information

Download Prospectus (PDF)	IPO DRHP
Company Contact Information	Bikaji Foods International Limited F 196-199, F 178 & E 188 Bichhwal Industrial Area, Bikaner – 334 006 Phone: +91 151 – 2250350 Email: [email protected] Website: https://www.bikaji.com/
IPO Registrar	Link Intime India Private Limited Phone: +91-22-4918 6270 Email: [email protected] Website: https://linkintime.co.in/
IPO Lead Manager(s)	1. JM Financial Limited 2. Axis Capital Limited 3. IIFL Securities Limited 4. Intensive Fiscal Services Private Ltd 5. Kotak Mahindra Capital Company Ltd

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