Bikaji Foods International IPO subscription opens today: Check price band, allotment date, and listing date

Bikaji Foods International IPO Date, Price Band, Share Allotment Date, Listing Date: Bikaji Foods International’s Initial Public Offering (IPO) will open on Thursday, November 3, for subscriptions. Bikaji Foods is an ethnic snacks company that sells Indian snacks and sweets. It has fixed a price band of Rs 285-300 a share for its Rs 881-crore IPO.

The IPO is a pure offer-for-sale (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. 

Other entities that will be selling their shares are -- India 2020 Maharaja Ltd; Intensive Softshare Pvt Ltd; IIFL Special Opportunities Funds and Avendus Future Leaders Fund I. Since the IPO is completely an OFS, the company will not receive any proceeds from the issue. At the upper end of the price band, the IPO is expected to fetch Rs 881.22 crore.

Investors can bid for a minimum of 50 equity shares and in multiples of 50 equity shares thereafter. 

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.

JM Financial, Axis Capital, IIFL Securities, Intensive Fiscal Services, and Kotak Mahindra Capital Company are the book-running lead managers to the issue.

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