Bikaji Foods is one of India’s largest fast-moving consumer goods (“FMCG”) brands with an international footprint, selling Indian snacks and sweets, and are among the fastest growing companies in the Indian organised snacks market.
The issue for Bikaji Foods IPO consists of Offer-For-Sale of 2.94 crore equity shares aggregating to Rs. 881.2 crores.
The objective of the issue: The proceeds will be used 1) the listing will enhance its visibility and brand image 2) to provide a public market for the equity shares in India.
The Bikaji Foods International IPO opens on 3rd November and closes on 7th November.
The price band of the Bikaji Foods International IPO is set at Rs. Rs. 285 – Rs. 300 per share.
The Bikaji Foods International IPO lot size is 50 shares per lot. A retail-individual investor can apply for up to 13 lots (650 shares or ₹195,000).