Bikaji Foods International Limited IPO-Check price, Issue date, Company financials

Bikaji Foods is one of India’s largest fast-moving consumer goods (FMCG) brands. The company is engaged in selling Indian snacks and sweets which include six principal categories; bhujia, namkeen, packaged sweets, papad, western snacks as well as other snacks that primarily includes gift packs (assortment), frozen food and cookies. As of September 30, 2021, Bikaji Foods has operations across 22 states and three union territories in India. And also exports its products to 35 countries internationally including countries in North America, Europe, the Middle East, Africa, and the Asia Pacific representing 4.60% of the company’s sales of food products in the six months ending September 30, 2021. The entire public offer of Bikaji Foods comprises an offer for sale of 2.93 crore equity shares from existing shareholders.

Financial Reports

Financial Year Ended	Revenue (₹ Crores)	PAT (₹ Crores)	EPS (₹)
March 2019	910.65	50.93	2.11
March 2020	1,082.90	56.37	2.32
March 2021	1,322.21	90.34	3.71
September 2021	777.13	40.93	1.71

IPO Schedule

Issue Period	3rd November to 7th November 2022
Finalization of Allotment	11th November 2022
Initiation of Refunds	14th November 2022
Credit of Shares	15th November 2022
Date of Listing	16th November 2022
Mandate end date	22nd November 2022
Anchor Investors Lock-In End Date	7th December 2022

IPO Key Points

* Strengths

1) Well-established brand with pan-India recognition

2) Strategically located, large scale sophisticated manufacturing facilities with stringent quality standards

3) Diversified product portfolio focused on various consumer segments and markets

4) Extensive pan-India and global distribution network, arrangements with reputed retail chains and growing ecommerce and exports channel

*Risks

1) Inability to maintain or enhance the popularity of our “Bikaji” brand 

2) Inadequate or interrupted supply and price fluctuation of our raw materials and packaging materials