About Bikaji Foods IPO
Often served as a side dish with a cup of tea or coffee, savoury tasty bhujiya has become a go-to evening snack for many Indians over the years. Now, a prominent manufacturer of this spicy and crunchy snack is looking to make its debut on the stock exchanges.
Bikaji Foods, one of the fastest growing companies in India’s organised snacks space, has received an approval from the market regulator SEBI to launch its IPO. The company, which owns and operates the Bikaji brand, is the largest manufacturer of Bikaneri bhujia with annual production of 26,690 tonnes.
Bikaji Foods manufactures various products including bhujia, namkeen, packaged sweets and papad. This fast-moving consumer goods company (FMCG) was started by Shiv Ratan Agarwal – the grandson of Gangabishan Agarwal, founder of the Haldiram brand.
Set up as a co-partnership in 1986, Bikaji Foods has today established market
leadership in the ethnic snacks market in Rajasthan, Bihar and Assam. It has also steadily expanded its footprints across India with operations in 22 states and three union territories.
Now, this company is all set to launch the Bikaji Foods IPO. The Bikaji Foods Ltd IPO is fully an offer for sale.
Here are some key details about Bikaji Foods IPO:
A quick look at Bikaji Foods IPO’s strengths, risks and threats
Risks and threats
Bikaji Foods IPO details
| Bikaji Foods IPO date
The company has filed its Draft Red Herring Prospectus (DRHP) with the market regulator SEBI. It has also received a nod from SEBI to launch its IPO. But the Bikaji Foods IPO’s opening date – in other words, the Bikaji Foods IPO launch date – hasn’t been announced yet. The Bikaji Foods IPO closing date also hasn’t been declared. Along with these dates, investors will be updated about the Bikaji Foods shares allotment date.
Investors, who receive allotment, can expect Bikaji Foods shares to be credited in their demat account after the allotment date. Besides this, the Bikaji Foods IPO listing date hasn’t been announced yet. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. Stay tuned with Uptox for all the key updates about the Bikaji Foods IPO.
| Bikaji Foods IPO Price Band
The Bikaji Foods IPO is a book-built issue. The Bikaji Foods IPO price band hasn’t been set yet. The price band is a price range within which investors can apply for the IPO. When the Bikaji Foods IPO opens, interested investors will have to choose a price within the band to apply for the public issue.
Also, the Bikaji Foods IPO listing price will be determined on the listing date. The listing price is the price at which the shares of a company make their debut on the stock exchanges.
| Bikaji Foods IPO Lot size
The Bikaji Foods IPO details haven’t been declared. Hence, the Bikaji Foods IPO lot size also hasn’t been announced yet. It’s important to note that an investor can apply for a minimum of 1 lot. Meanwhile, according to the news reports, the Bikaji Foods IPO issue size could be around ₹1,000 crore.
How to apply for the Bikaji Foods IPO?
If you are interested in this investment opportunity but unsure how to apply for the Bikaji Foods IPO, here we are listing out the steps for you.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Bikaji Foods IPO on Upstox:
How to check the Bikaji Foods IPO allotment status?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes.
Here’s a step-by-step guide on how to check the Bikaji Foods IPO allotment status:
Open a demat account with Upstox to apply for the Bikaji Foods IPO
To apply for the Bikaji Foods IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
Upstox – trading app to apply for the Bikaji Foods IPO
You can apply for the Bikaji Foods IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.
Pre-applying for the Bikaji Foods IPO means applying for this public issue before it goes live. However, pre-apply for the Bikaji Foods IPO isn’t open currently.
The pre-apply for the Bikaji Foods IPO usually begins two days before the launch date. After pre-applying, once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Bikaji Foods IPO opens for subscription.
The dates for the Bikaji Foods IPO haven’t been announced yet.
The details about the Bikaji Foods IPO’s lot size haven’t been announced yet.
The price band for the Bikaji Foods IPO isn’t available currently.
The size of the Bikaji Foods IPO has not been announced yet.
You can place up to three bids for an application.
No, the bids have to be placed at one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
The date for crediting Bikaji Foods shares to the demat account has not been announced yet.
Bikaji Foods shares will on NSE and BSE
The listing date has not been announced yet.