Bikaji Foods International IPO review by Anil Singhvi: Subscribe or avoid? Check recommendation here

Bikaji Foods International IPO review by Anil Singhvi: Bikaji Foods International IPO opened on Thursday, November 3, for subscriptions. The FMCG company has set the IPO price band at Rs 285-300 a share. Investors can bid for a minimum of 50 equity shares and in multiples of 50 equity shares thereafter.

The subscription of Rs 881 crore initial public offering of the FMCG company will close on November 7.

Bikaji Foods has a strong presence in north and eastern parts of country. It sells a wide range of snacks and namkeens.

Bikaji Foods will not receive any funds from the IPO as it is a complete offer for sale by promoters and shareholders. The IPO comprises of OFS of around 2.94 crore equity shares by its promoters and existing shareholders. Both the promoters -- Shiv Ratan Agarwal and Deepak Agarwal-- are looking to offload up to 25 lakh company shares each. 

Bikaji Foods International IPO review 

#IPOAlert

आज से BIKAJI फूड्स का IPO, प्राइस बैंड ₹285-300/शेयर

BIKAJI फूड्स कंपनी में क्या है खास?

इश्यू को सब्सक्राइब करें या छोड़ दें?

BIKAJI फूड्स के IPO पर अनिल सिंघवी की राय...#ZeeBusiness LIVEhttps://t.co/5bTCJx6PKl#BIKAJIFoodsIPO #StockMarket @AnilSinghvi_ pic.twitter.com/iNt2Xw9Plv

— Zee Business (@ZeeBusiness) November 3, 2022

Zee Business Managing Editor Anil Singhvi has advised investors to subscribe Bikaji Foods International for the long term. He said that the brand has a strong standing with an impressive track record. He said that the company has an experienced promoter and is virtually debt-free. The shift from local to packaged snacks is a changing trend that will give a boost to the growth of the company.

On the downside, he said that margins are fluctuating but the company’s management has said that they will be able to maintain the margins around 14-15 per cent. The company has a focus on Northern India and has grown the market in that region, the company has 75 per cent of its business from North India. 

According to Singhvi, the valuations are expensive and could have been made attractive. He said that considering the size of the company, the valuation should have been less expensive.

He said that as the valuation is expensive and that the profit on the listing will be less but investors should add Bikaji to their portfolio for the long term. Anil Singhvi said that he is positive about the entire food industry. 

Check here Bikaji Foods International IPO Date, Price Band, Share Allotment Date, Listing Date

Bikaji Foods International IPO Allotment Date
Bikaji Foods International IPO allotment date is November 11. Bikaji Foods shares will be credited into the Demat accounts of successful bidders on November 15.

Bikaji Foods International IPO Listing Date
Bikaji Foods International IPO will list on both the leading exchanges BSE and NSE. Bikaji Foods IPO listing date is November 16.

Click here to get more Stock Market updates I Zee Business Live