Bikaji Foods International Ltd. IPO

It is one of the India’s largest fast-moving consumer goods (“FMCG”) brands with an international footprint, selling Indian snacks and sweets, and are among the fastest growing companies in the Indian organised snacks market.

RHP
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DRHP
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Open Date

2022-11-03

Close Date

2022-11-07

IPO Details

Check out the issue details for Bikaji Foods International Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 300

Price Band

₹ 285 - 300

Issue Size

881.22 Cr.

Issue Type

Book Built

Open

2022-11-03

Close

2022-11-07

Listingprice

₹ 322.8

ListingGain

7.60%

Listing Date

2022-11-16

CMP

₹ 529.6

Current Return

76.53%

Company Financials

You can get the following financial statements of Bikaji Foods International Ltd. as of now.

Subscription Details

The details about the Bikaji Food International IPO is as:

  • The issue size of the IPO is 881.22 Cr.
  • The price band for Bikaji Food International IPO is Rs 285 to Rs 300.
  • The employees of the company will get a discount of Rs 15.
  • The shares of Bikaji Food International IPO will list on 16th Nov 2022.
  • The latest tentative GMP of Bikaji Food International IPO is Rs 20.
  • The shares of Bikaji Food International IPO is subscribed 26.67 times as of 7th November 2022.

Bikaji Food International IPO Valuation

The approx valuation of Bikaji Food International IPO company based on its price band and DRHP (prospectus) is: 

Particulars Value
Upper Price Band Rs 300
Existing Shares (Qty) 24.95 Cr
Market Cap 7485 Cr
EPS (FY22) Rs 3.15
Industry PE 204.42x

 

Bikaji Food International IPO Issue Size

Bikaji Food International IPO issue size is 881.22 Cr. 

Issue Amount
Fresh Issue 0 Cr
Offer For Sale 881.22 Cr 

 

Bikaji Food International IPO Market Lot

An Individual can apply for a minimum 1 lot of 50 shares and a maximum of 13 lots of 650 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 50 Rs 15,000
 Maximum 13 650 Rs 1,95,000

 

Bikaji Food International IPO share offer

The shares of Bikaji Food International IPO is subscribed 26.67 times as of 7th November 2022. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 80.63 Times
Non-Institutional Minimum 15% 7.10 Times
Retail Individual Minimum 35% 4.77 Times
Employee 250000 Shares 4.38 Times
Total   26.67 Times

 

Bikaji Food International IPO Grey Market Premium

As on GMP (Tentative)
11 November 2022 Rs 40
12 November 2022 Rs 40
13 November 2022 Rs 30
14 November 2022 Rs 20
15 November 2022 Rs 20

It is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Allotment Details

Find below the dates for Bikaji Food International Ltd IPO:

Schedule Date
Basis of Allotment 11 Nov 2022
Refunds 14 Nov 2022
Credit to Demat Account 15 Nov 2022
IPO Listing Date 16 Nov 2022

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 902.18 1074.55 1308.46 1598.7 1944.39
Total Expenditure 809.5 980.76 1163.27 1456.4 1735.47
Operating Profit 92.68 93.8 145.18 142.31 208.92
Other Income 9.63 8.35 10.87 9.94 14.85
Interest 4.02 5.5 3.26 6.62 8.83
Depreciation 22.31 34.2 32.92 36.67 41.84
Exceptional Items 0 0 0 0 0
Profit Before Tax 75.98 62.46 119.87 108.95 173.1
Provision for Tax 24.97 6.97 30.13 28.99 45.43
Net Profit 51.01 55.48 89.75 79.96 127.67
Adjusted EPS (Rs.) 0.21 0.23 0.37 0.32 0.51

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 24.31 24.31 24.31 24.95 24.95
Total Reserves 445.54 503.96 579.97 797.7 930.32
Borrowings 39.72 16.9 11.84 26.01 26.36
Other N/C liabilities 59.37 104.45 31.98 173.97 170.77
Current liabilities 78.94 92.57 154.75 183.7 252.75
Total Liabilities 647.88 742.19 802.85 1206.33 1405.15
Assets
Net Block 392.89 400.4 402.37 476.17 493.99
Capital WIP 13.13 2.88 33.15 48.14 63.56
Intangible WIP 0 0 0 0 0
Investments 2.99 36.5 87.03 145.51 154.16
Loans & Advances 31.11 89.37 33.59 182.78 203.04
Other N/C Assets 13.17 10.44 13.9 14.14 35.62
Current Assets 194.58 202.6 232.81 339.58 454.77
Total Assets 647.88 742.19 802.85 1206.33 1405.15
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 12.37 5.25 8.63 6.99 5.71
Profit Before Tax 48.83 51.03 59.99 77.91 64.92
Tax 11.09 14.3 15.26 16.78 15.83
Profit After Tax 37.74 36.73 44.73 61.13 49.09
Adjusted EPS (Rs) 1.51 1.47 1.79 2.45 1.96

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 75.18 0
Sep 2023 75.21 0
Jun 2023 75.37 0
Mar 2023 75.97 0
Dec 2022 75.97 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 75.98 62.46 119.87 108.95 173.1
Adjustment 18.95 35.58 28.8 39.12 50.1
Changes in Assets & Liabilities -9.64 -35.12 -8.56 -47.24 -4.14
Tax Paid -21.37 -11.69 -19.02 -41.01 -46.53
Operating Cash Flow 63.84 51.22 121.08 59.83 172.53
Investing Cash Flow -66.98 -54.08 -129.01 -220.11 -126.92
Financing Cash Flow 58 -25.78 1.51 156.7 -1.91
Net Cash Flow 54.85 -28.64 -6.41 -3.58 43.69
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