The preliminary public offer (IPO) of Bikaji Foods International Ltd is open for subscription and it’ll stay open for bidding until seventh November 2022. After day one in every of subscription, Bikaji Foods IPO subscription repute informs that public difficulty has been subscribed 0.sixty seven instances while its retail component has been subscribed 1.10 instances. Meanwhile, Bikaji Foods IPO gray marketplace top rate (GMP) has similarly dipped to ₹27. According to marketplace observers, stocks of Bikaji Foods to ₹International are nevertheless to be had at a top rate of ₹however because of poor sentiments on Dalal Street, its has dipped from ₹in closing days.
Here we list out important Bikaji Foods IPO details
– Bikaji Foods IPO GMP: Shares of Bikaji Foods are available at a premium of ₹27, which is ₹25 lower from its Thursday GMP of ₹52 and ₹43 lower from its Wednesday GMP of ₹70.
– Bikaji Foods IPO subscription status: On day 2 of bidding till 12:02 PM, Bikaji Foods IPO was subscribed 0.96 times whereas its retail portion has been subscribed 1.54 times.
– Bikaji Foods IPO price band: Company has fixed price band of the IPO at ₹285 to ₹300 per equity share
– Bikaji Foods IPO subscription date: The public issue opened for subscription on 3rd November 2022 and it will remain open for bidding till 7th November 2022.
– Bikaji Foods IPO size: Company aims to raise ₹881.22 crore from the public issue.
– Bikaji Foods IPO lot size: A bidder will be able to apply in lots and one lot will comprise 50 shares of the company.
– Bikaji Foods IPO allotment date: The public issue is most like to announce share allotment on 11th November 2022
– Bikaji Foods IPO listing: The IPO is proposed for listing on both NSE and BSE.
– Bikaji Foods IPO listing date: The initial offer is likely to list on 16th November 2022.
Bikaji Foods IPO review: Speaking on Bikaji Foods IPO, Abhay Doshi, Co-founder at UnlistedArena said, “Bikaji Foods is a longtime call withinside the ethnic snacks market. Bikaji has massive pan India distribution network. The pinnacle line has grown reasonably. However, margin stress scaled returned the lowest line. On the valuation front, the asking p/e on the higher band is round 95x at the same time as P/BV is round nine times. The difficulty seems richly priced.”
Giving ‘subscribe’ tag to Bikaji Foods IPO, brokerage organization Geojit said, “Considering its steady pinnacle-line growth, enterprise main position, destiny enlargement plans, new product launches, investments in strengthening the emblem recollect and top destiny possibilities for the packaged meals business, we assign a “Subscribe” score on a short -time period foundation for high-threat investors.”