Bikaji Foods IPO & Bikaji Foods IPO GMP today
money purifier blog
Bikaji Foods IPO:
The
initial public offer (IPO) of Bikaji Foods International Ltd got fully
subscribed on second day of its subscription. Apart from this, after two days
of successive losses, Indian secondary market witness trend reversal as key
benchmark indices ended higher on the weekend session. These developments have
probably gone down well at grey market as well. According to market observers,
shares of Bikaji Foods International Ltd are steady at a premium of ₹40 in grey
market today. On Friday, Bikaji Foods IPO GMP was ₹27 per equity share.
Bikaji
Foods IPO GMP today
As
per the stock market observers, Bikaji Foods IPO GMP today is ₹40, which is
unchanged for last two days. On Friday, Bikaji Foods IPO GMP was at ₹27. They
said that rise in Bikaji Foods IPO GMP in last two days can be attributed to
two major reasons — trend reversal on Dalal Street on Friday and the public
issue getting fully subscribed on day two of subscription. They said that grey
market sentiment may further shot up if the market opens higher on Monday as
Bikaji Foods IPO GMP was once at ₹100 ahead of subscription opening.
What this
GMP mean?
Market
observers maintained that Bikaji Foods IPO GMP today at ₹40 means grey market
is expecting this IPO to list at around ₹340 apiece levels ( ₹300 + ₹40), which
is around 13 per cent higher from the Bikaji Foods IPO price band of ₹285 to
₹300 per equity share.
Bikaji
Foods IPO subscription status
On day three of bidding by 2:03 PM, Bikaji Foods IPO has been subscribed 7.24 times whereas its retail portion got subscribed 3.71 times.
Bikaji
Foods IPO Details
|
IPO Date |
Nov 3, 2022 to Nov 7, 2022 |
|
Listing Date |
[.] |
|
Face Value |
₹1 per share |
|
Price |
₹285 to ₹300 per share |
|
Lot Size |
50 Shares |
|
Issue Size |
29,373,984 shares of ₹1 |
|
Offer for Sale |
29,373,984 shares of ₹1 |
|
Employee Discount |
15 |
|
Issue Type |
Book Built Issue IPO |
|
Listing At |
BSE, NSE |
|
QIB Shares Offered |
Not more than 50% of the Net Offer |
|
NII (HNI) Shares Offered |
Not less than 15% of the Net Offer |
|
Retail Shares Offered |
Not less than 35% of the Net Offer |
|
Company Promoters |
Shiv Ratan Agarwal, Deepak Agarwal, Shiv Ratan Agarwal (HUF)
and Deepak Agarwal (HUF) are the company promoters. |
Bikaji
Foods IPO Lot Size
The Bikaji Foods IPO lot size is 50 shares. A
retail-individual investor can apply for up to 13 lots (650 shares or
₹195,000).
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
50 |
₹15,000 |
|
Retail (Max) |
13 |
650 |
₹195,000 |
|
S-HNI (Min) |
14 |
700 |
₹210,000 |
|
B-HNI (Min) |
67 |
3,350 |
₹1,005,000 |
Bikaji
Foods IPO Promoter Holding
|
Pre Issue Share
Holding |
77.97% |
||||
|
Post Issue Share
Holding |
75.96% |
||||
|
Bikaji Foods
International Limited Financial Information (Restated) Amount in ₹ Crore |
|||||
|
Period Ended |
Total Assets |
Total Revenue |
Profit After Tax |
Net Worth |
Total Borrowing |
|
31-Mar-19 |
630.9 |
910.65 |
50.93 |
469.77 |
72.31 |
|
31-Mar-20 |
676.64 |
1082.9 |
56.37 |
529.16 |
52.3 |
|
31-Mar-21 |
817.15 |
1322.21 |
90.34 |
604.1 |
86.15 |
|
30-Jun-21 |
871.96 |
337.08 |
12.41 |
618.45 |
101.13 |
|
31-Mar-22 |
1102.13 |
1621.45 |
76.03 |
819.26 |
141.23 |
|
30-Jun-22 |
1146.28 |
423.82 |
15.7 |
834.8 |
156.39 |
Social Plugin