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

Bikaji Foods International Ltd. 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

₹ 734.25

Current Return

144.75%

Bikaji Foods International Ltd. News

Bikaji Foods International’s arm acquires 40.40% stake in Hazelnut Factory Food Products 28 Oct, 9:44AM Bikaji Foods Inter. - Quaterly Results24 Oct, 5:59PM Bikaji Foods Inter. - Quaterly Results24 Oct, 5:59PM Bikaji Foods Inter. - Quaterly Results24 Oct, 5:59PM Bikaji Foods International’s arm to acquire 53.02% stake in Hazelnut Factory Food Products17 Oct, 12:30PM Bikaji Foods International submits analyst meet intimation23 Sep, 5:09PM Bikaji Foods International incorporates wholly owned subsidiary21 Sep, 2:04PM Bikaji Foods International informs about updates on acquisition4 Sep, 3:10PM Bikaji Foods International completes acquisition of 55% stake in Ariba Foods4 Sep, 2:13PM Bikaji Foods International informs about newspaper advertisement27 Aug, 10:40AM Bikaji Foods International gets nod to make strategic investment in Ariba Foods23 Aug, 4:00PM Bikaji Foods International informs about board meeting13 Aug, 2:45PM Bikaji Foods International eyeing acquisition of stake in Ariba Foods13 Aug, 11:17AM Bikaji Foods Inter. - Quaterly Results24 Jul, 5:26PM Bikaji Foods Inter. - Quaterly Results24 Jul, 5:26PM Bikaji Foods Inter. - Quaterly Results24 Jul, 5:26PM Bikaji Foods International informs about board meeting 15 Jul, 12:49PM Bikaji Foods International informs about earnings call10 Jul, 11:23AM Bikaji Foods International informs about analyst meet 20 Jun, 1:05PM Bikaji Foods International informs about outcome of analyst meet 7 Jun, 9:43AM

Company Financials

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

Exchange

NSE: BIKAJI BSE: 543653

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

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.

 

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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 1074.55 1308.46 1598.7 1944.39 2294.71
Total Expenditure 980.76 1163.27 1456.4 1732.37 1900.25
Operating Profit 93.8 145.18 142.31 212.01 394.46
Other Income 8.35 10.87 9.94 22.44 26.37
Interest 5.5 3.26 6.62 8.83 8.67
Depreciation 34.2 32.92 36.67 45.01 56.46
Exceptional Items 0 0 0 0 0
Profit Before Tax 62.46 119.87 108.95 180.61 355.7
Provision for Tax 6.97 30.13 28.99 42.17 85.97
Net Profit 55.48 89.75 79.96 138.43 269.73
Adjusted EPS (Rs.) 0.23 0.37 0.32 0.55 1.08

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 24.31 24.31 24.95 24.95 25.04
Total Reserves 503.96 579.97 797.7 933.83 1200.5
Borrowings 16.9 11.84 26.01 26.36 9.98
Other N/C liabilities 104.45 31.98 173.97 48.39 80.41
Current liabilities 92.57 154.75 183.7 206.67 186.58
Total Liabilities 742.19 802.85 1206.33 1240.2 1502.51
Assets
Net Block 400.4 402.37 476.17 601.66 747.53
Capital WIP 2.88 33.15 48.14 69.71 12.33
Intangible WIP 0 0 0 0 0
Investments 36.5 87.03 145.51 40.72 59.51
Loans & Advances 89.37 33.59 182.78 78.87 132.47
Other N/C Assets 10.44 13.9 14.14 35.62 64.48
Current Assets 202.6 232.81 339.58 413.62 486.2
Total Assets 742.19 802.85 1206.33 1240.2 1502.51
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 6.06 5.71 10.76 7.48 7.86
Profit Before Tax 78.18 64.92 154.64 81.27 97.02
Tax 16.87 15.83 38.53 20.72 24.95
Profit After Tax 61.31 49.09 116.11 60.55 72.08
Adjusted EPS (Rs) 2.45 1.96 4.64 2.42 2.88

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 74.98 0
Jun 2024 75.1 0
Mar 2024 75.1 0
Dec 2023 75.18 0
Sep 2023 75.21 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 62.46 119.87 108.95 180.61 355.7
Adjustment 35.58 28.8 39.12 45.68 44.33
Changes in Assets & Liabilities -35.12 -8.56 -47.24 -2.99 -81.94
Tax Paid -11.69 -19.02 -41.01 -46.66 -75.53
Operating Cash Flow 51.22 121.08 59.83 176.63 242.56
Investing Cash Flow -54.08 -129.01 -220.11 -131.29 -206.81
Financing Cash Flow -25.78 1.51 156.7 -1.91 -45.32
Net Cash Flow -28.64 -6.41 -3.58 43.43 -9.57
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