Bikaji Foods International Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Bikaji Foods

CMP

710.25

+3.25 (0.46%)

  • DRHP
₹300

Offer Price

₹ 880.85 Cr

Issue Size

₹ 15,000

Min Investment

26.67x

Times Subscribed

50

Lot size

Time Line

  • 03
    Nov 2022
    Open
  • 07
    Nov 2022
    Close
  • 11
    Nov 2022
    Finalisation of Basis of Allotment
  • 14
    Nov 2022
    Initiation of Refunds
  • 15
    Nov 2022
    Transfer of Shares to Demat Account
  • 16
    Nov 2022
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Implement distinctive growth strategies for its core markets, focus markets and other markets

  • Establish strategically located new manufacturing facilities to pursue growth in its focus and other markets

  • Continue to use advanced technology to further optimise its operations

  • Further strengthen its brand

Products & Services

  • Indian snacks and sweets

Strengths

  • Well-established brand with pan-India recognition;

  • Diversified product portfolio focused on various consumer segments and markets;

  • Strategically located, large scale sophisticated manufacturing facilities with stringent quality standards;

  • Extensive pan-India and global distribution network, arrangements with reputed retail chains and growing e-commerce and exports channel;

  • Extensive distribution network in India;

Risks

  • The reputation and consumer goodwill associated with its brand are critical for the success of its business. An inability to maintain or enhance the popularity of its "Bikaji" brand may adversely impact its business prospects and financial performance.

  • The company is significantly dependent on the sale of its Bhujia Products. An inability to anticipate and adapt to evolving consumer tastes, preferences and demand for particular products, or ensure product quality or reduction in the demand of its Bhujia Products may adversely impact demand for its products, brand loyalty and consequently its business prospects and financial performance.

  • The current and continuing impact of the COVID-19 pandemic on its business and operations, including its impact on the ability or desire of consumers to purchase its products, may have an adverse effect on its business prospects and future financial performance.

  • Any slowdown or interruption to its manufacturing operations or under-utilization of its existing or future manufacturing facilities may have an adverse impact on its business and financial performance.

  • Its proposed capacity expansion plans relating to its manufacturing facility and proposed contract manufacturing facilities are subject to the risk of unanticipated delays in implementation and cost overruns.

Company Promoters

Promoters Holding

Issue For IPO
76.50%
Pre Holding

76.50%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2023 Mar-2022 Mar-2023 3-Yr trend
Revenue 1,966.07 (22.00%) 9.51 (-) 14.15 (48.80%)
Gross Profit 1,966.07 (22.00%) 9.51 (-) 14.15 (48.80%)
Net Income 1,966.07 (22.00%) 9.51 (-) 14.15 (48.80%)
Assets 1,966.07 (22.00%) 9.51 (-) 14.15 (48.80%)
Liabilities 1,966.07 (22.00%) 9.51 (-) 14.15 (48.80%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Bikaji Foods International Ltd 1,610.96 77.95 981.98 161.23 9.51 3.12 32.89 2.85 0.16
Prataap Snacks Ltd 1,396.62 2.91 907.25 907.25 0.46 1.24 266.17 0.32 0.05
DFM Foods Ltd 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Nestle India Ltd 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Britannia Industries Ltd 14,136.26 1,524.82 7,515.53 7,515.53 59.60 63.31 107.33 20.28 0.96

Book Running Managers

  • JM Financial Ltd
  • Axis Capital Ltd
  • IIFL Securities Ltd
  • Intensive Fiscal Services Pvt Ltd
  • Kotak Mahindra Capital Company Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

F-196-199 F 178 & E 188,
Bichhwal Industrial Area,
Bikaner - 334006
Phone : 91-151-2250350 Email : cs@bikaji.com www.bikaji.com

Offer Related Information

Initial public offering of 29,373,984* equity shares of face value of Rs. 1 each ("equity shares") of Bikaji Foods International limited (The "Company" or the "Issuer") for cash at a price of Rs. 300 per equity share (including a share premium of Rs. 299 per equity share) ("Offer price") aggregating to Rs.880.85* crores (The "offer"). The offer comprises an offer for sale of 29,373,984* equity shares ("offered shares") aggregating to Rs.880.84* crores, comprising 2,500,000* equity shares... More

News

  • 08 Nov 2022, 11:01 AM

    Bikaji Foods International IPO ends with strong subscription

  • 07 Nov 2022, 17:36 PM

    Bikaji Foods International IPO subscribed 26.67 times

  • 04 Nov 2022, 17:40 PM

    Bikaji Foods International IPO subscribed 1.48 times

  • 03 Nov 2022, 17:35 PM

    Bikaji Foods International IPO subscribed 67%

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