Bikaji Foods Subscription Status IPO GMP Today, Allotment Status, Share Price, Lot Size

Bikaji Foods Subscription Status IPO GMP Today:- Bikaji Foods International Ltd., a popular Indian snack brand, recently launched its initial public offering (IPO) and is currently receiving subscriptions from interested investors. The company is offering equity shares of a face value of Rs 10 each, with a price band of Rs 855 to Rs 859 per share.

Bikaji Foods IPO Subscription Status

The IPO, which opened on February 1st, 2023, and will close on February 5th, 2023, aims to raise around Rs 899 crore from the public. The issue comprises a fresh issue of Rs 120 crore and an offer for the sale of up to 2,70,00,000 equity shares by the promoter and existing shareholders.

As of February 3rd, 2023, the IPO has received a good response from retail investors, with the subscription standing at 1.5 times the total shares available for bidding. The qualified institutional buyers (QIBs) category has been subscribed 1.7 times, while the non-institutional investor category has seen a subscription of 3.2 times.

Bikaji Foods is known for its wide range of traditional Indian snacks, including Namkeen, Bhujia, Papad, and other food products. The company has a strong brand presence across India and has been growing rapidly in recent years.

Investors looking to invest in the IPO can do so through various platforms such as banks, stockbrokers, and online platforms. The allocation of shares will be based on a lottery system, and the allotment of shares is expected to be done on February 8th, 2023.

Bikaji Foods IPO

The IPO of Bikaji Foods International Ltd. is expected to raise INR 1,200 crore (approximately $162 million). This will give the company the necessary capital to expand its business both domestically and internationally. The company will also use a portion of the funds raised through the IPO to repay debt and set up new production facilities.

Bikaji Foods International Ltd. is known for its range of mouth-watering Indian snacks and sweets, including Namak Pare, Bhujia, and kachori. The company has a vast network of over 10,000 retail outlets across India and has been steadily growing its business over the years. With its IPO, the company plans to reach out to a larger audience and expand its market globally. Stay till the end of the article if you like to know more about Bikaji Foods Subscription Status IPO GMP Today.

Bikaji Foods IPO Allotment Status

Investors who had applied for the IPO were eagerly waiting for the allotment status of their shares. The allotment status for Bikaji Foods IPO has finally been announced and the shares have been allotted to the successful bidders. The allotment of shares is done on a random basis, considering the number of shares applied for and the overall demand for the shares.

The allotment status can be checked by visiting the official website of the Registrar to the IPO or by visiting the National Stock Exchange (NSE) or Bombay Stock Exchange (BSE) websites. The status can be checked using the application number, PAN number, or depository participant ID. The allotment status can also be checked through the mobile application of the registrar to the IPO.

IPO Form Details

About Bikaji Foods

Bikaji Foods International Ltd. was established in 1987 and is headquartered in Rajasthan, India. The company is engaged in the manufacturing and marketing of Indian traditional snacks and sweets, such as Bikaneri Bhujia, Namak Pare, Kachori, Aloo Tikki, and others. Bikaji Foods has a strong presence in the Indian market and is known for its high-quality products and innovative packaging.

IPO Details

The Bikaji Foods IPO will be an offer for the sale of equity shares by the promoter and non-promoter selling shareholders. The company will not receive any proceeds from the sale of shares in the IPO. The price band for the IPO has been fixed at Rs. 855 to Rs. 859 per equity share. The public issue will comprise up to 94,04,130 equity shares, including a reservation of up to 2,61,235 equity shares for eligible employees.

Bikaji Foods IPO GMP Lot Size

Bid Lot

The bid lot for the Bikaji Foods IPO is fixed at 12 equity shares and in multiples thereof. This means that an investor can apply for a minimum of 12 shares and in multiples of 12 shares. The maximum bid amount is Rs. 10,310 per application.

Eligibility Criteria

To be eligible to apply for the Bikaji Foods IPO, an individual must have a Demat account and a PAN card. The minimum investment amount is Rs. 10,310, which is the cost of 12 shares at the upper end of the price band. Retail investors and non-retail investors are eligible to apply for the IPO.

How to Apply for the IPO

Investors can apply for the Bikaji Foods IPO through online mode or through their stockbrokers. Online investors can visit the websites of BSE, NSE, or any authorized stockbroker for the IPO application process. The application process for the IPO is simple and straightforward and involves the following steps:

1. Log in to your Demat account or open a Demat account if you don’t have one.
2. Choose the IPO option and select Bikaji Foods IPO.
3. Fill in the application form with your personal and financial details.
4. Choose the number of shares you want to apply for and enter the bid amount.
5. Review the details of your application and make the payment.
6. Submit the application form.

Essential Details About Bikaji Foods IPO GMP Today

Bikaji Foods IPO GMP (grey market premium) is one of the most talked-about topics in the Indian stock market today. The GMP is the difference between the unofficial market price and the issue price of the shares. Bikaji Foods IPO GMP is currently trading at a premium of INR 40-45, which means that the shares are trading higher than the issue price.

The IPO is set to open on March 22, 2021, and will close on March 24, 2021. The company is offering its shares at a price band of INR 452-459 per share. The IPO size is approximately INR 600 crore, with a fresh issue of INR 300 crore and an offer for sale of INR 300 crore.

Bikaji Foods is one of the largest manufacturers and distributors of Indian traditional snacks, sweets, and Namkeens. The company has a strong presence in India and other countries such as the United States, Canada, the United Kingdom, Australia, and the Middle East.

The company has a robust distribution network that comprises over 1,00,000 retail outlets, including modern trade, general trade, and e-commerce platforms. Bikaji Foods has a wide range of products that cater to the needs of various consumer segments and are available in different packaging sizes.

Bikaji Foods IPO GMP Today

Bikaji Foods IPO GMP is an exciting development for the company as it will provide an opportunity for investors to be a part of its growth and success story. The company is planning to raise INR 550 crore from the IPO and will use the proceeds to repay debt and for other general corporate purposes. The IPO is being managed by Kotak Mahindra Capital Company Limited, ICICI Securities Limited, and SBI Capital Markets Limited.

The GMP for Bikaji Foods IPO is set at INR 185 to INR 186 per share, which is a premium of 27% to the current market price. The IPO will open for subscription on the 14th of June and will close on the 16th of June. The shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) and will be available for trading on the 21st of June.

The company has a strong presence in India and is known for its popular snack items such as Bhujia, Namkeen, sweets, papads, and biscuits. It has a significant market share in the country and has a wide distribution network that covers over 200 cities and towns in India. The company has also expanded its operations globally and has a presence in countries like the UK, the US, and Canada.

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