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 

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.