The public issue of equity shares of BIKAJI FOODS INTERNATIONAL LIMITED will open for subscription on November 03, 2022 and closes on November 07, 2022. It is expected to list on the stock exchanges on November 16, 2022. What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analyse the IPO.
Bikaji was founded in 1993 by Shiv Ratan Agarwal, grandson of Haldiram’s founder, Gangabishan Agarwal. They are the third largest ethnic snacks company in India with an international footprint, selling Indian snacks and sweets, and is the second fastest growing company in the Indian organised snacks market. Over the years, they have established market leadership in the ethnic snacks market in their core states of Rajasthan, Assam and Bihar with an extensive reach. They have gradually expanded their footprint across India, with operations across 23 states and four union territories as of June 30, 2022.
The company's product range includes six principal categories: bhujia, namkeen, packaged sweets, papad, western snacks, and other snacks, which primarily include gift packs (assortment), frozen food, mathri range and cookies. In the three months that ended June 30, 2022, the company sold more than 300 products under the Bikaji brand.
A total of seven manufacturing facilities are operated by the company, of which four are located in Bikaner (Rajasthan) and one in Guwahati (Assam), one in Tumakuru (Tumkur, Karnataka) for the southern market and one in Muzaffarpur, to cater to the Bihar market.
Who are the Promoters of the Company?
Shiv Ratan Agarwal, Deepak Agarwal, Shiv Ratan Agarwal, and Deepak Agarwal
Why is the Company going public?
Given below are the objectives of the Company –
To achieve the benefits of listing the Equity Shares on the Stock Exchanges
The Offer is a 100% Offer for Sale issue. The Company will not receive any proceeds from the Offer for Sale and all proceeds from the Offer will go to the Selling Shareholders.
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