Bikaji Foods International Limited

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 four to six days after an IPO closes. This is also true in the case of the Bikaji Foods IPO. 

The Bikaji Foods IPO’s closing date is 7 November 2022. The Bikaji Foods IPO’s allotment date has been set seven days later, on 11 November 2022.

Here’s a step-by-step guide on how to check the Bikaji Foods IPO allotment status:

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover page, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, you will find the ‘View all’ option
5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
6. In the ‘IPO’ tab, click on ‘My applications’ 
7. In ‘My applications’, under the History section, your allotment status will be mentioned

About Bikaji Foods IPO

Often served as a side dish with a cup of tea or coffee, savoury tasty bhujia has become a go-to evening snack for many Indians over the years. Now, a prominent manufacturer of this spicy and crunchy snack – Bikaji Foods – is all set to make its debut on the stock exchanges. 

Bikaji Foods is the second fastest growing company in India’s organised snacks space. The company, which owns and operates the Bikaji brand, is also the third largest ethinic snack company in India.  More importantly, it is the largest manufacturer of Bikaneri bhujia with annual production of 29,380 tonnes. The company 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 23 states and four union territories. 

Now, this company is launching the Bikaji IPO. The Bikaji Foods Ltd IPO, which will open for subscription on 3 November 2022, is fully an offer for sale. 

Here are some key details about Bikaji Foods IPO: 

Financial snapshot

Here’s a quick look at Bikaji Foods IPO’s strengths, weakness, opportunities and risks (SWOT analysis)

Strengths and opportunities

1. Well-established brand with pan-India recognition
2. Has a large distribution network – six depots, 38 super stockists, 416 direct and 1,644 indirect distributors
3. Has a diversified product portfolio with more than 300 products across segments 
4. Exports to 35 countries across North America, Europe, Middle East, Africa, and Asia Pacific
5. Second largest manufacturer of handmade papad with an annual production capacity of 9,000 tonnes 
6. Supported by several marquee private equity funds and investors, including Avendus, Lighthouse Funds and IIFL Asset Management

Risks and threats

1. Significantly depends on the sale of its bhujia products. Around 35% of the sales came from bhujia products in FY22
2. Inadequate or interrupted supply and price fluctuation of raw materials and packaging materials may hurt the business 
3. The business is manpower intensive. It has more than 2,600 staff on the payroll
4. The total borrowings stood at ₹156.7 crore, as of June 2022
5. Faces intense competition in the Indian snack food market, from various domestic and multinational companies

Bikaji Foods IPO details

| Bikaji Foods IPO date 

The offer document filed by the company with the SEBI mentions that the Bikaji Foods IPO’s opening date – in other words, the Bikaji Foods IPO launch date – will be on 3 November 2022. The Bikaji Foods IPO closing date is 7 November 2022. After this, investors will be updated about the allotment status on 11 November 2022. 

Investors, who have been allotted shares, can expect them to be credited in their demat account on 14 November 2022. The Bikaji Foods IPO listing date is 16 November 2022. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.  

| Bikaji Foods IPO Price Band

The entire IPO is a book-built issue. The Bikaji Foods IPO price band has been set between ₹285 and ₹300 per share. Interested investors can choose a price within this band to apply for the IPO. 

The Bikaji Foods IPO listing price will be determined on 16 November 2022. 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 have been declared. The Bikaji Foods IPO lot size is set at 50 shares, and an investor can apply for a minimum of 1 lot. Individual investors applying under the retail category can apply for up to 13 lots (650 shares). Meanwhile, the Bikaji Foods IPO issue size is ₹881 crore. 

How to pre-apply for the Bikaji Foods IPO?

You can pre-apply for the Bikaji Foods IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. 

Follow these steps to pre-apply for the IPO: 

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover tab, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, look for the ‘Bikaji Foods IPO’ tab and click on it
5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
6. Confirm and click on ‘Pre-Apply’
7. Accept the mandate on your UPI app

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. 

Here’s a step-by-step guide on how to apply for the Bikaji Foods IPO on Upstox: 

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover tab, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, look for the ‘Bikaji Foods IPO’ tab and click on it
5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
6. Confirm and click on ‘Apply’
7. Accept the mandate on your UPI app

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:

1. Click here to visit the demat account opening page on the Upstox website. 
2. Enter your phone number and other essential details to begin opening a demat account.
3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. 
4. Complete the e-verification using the OTP sent to your registered mobile number. 

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

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. 

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.