Bikaji Foods International: Company Profile

In the late 1980s, Shri Shivratan Agarwal decided to walk his path and create a new identity for himself, this lead to the birth of the brand “Bikaji”

Bikaji Foods International: Products

Bikaji Foods product range includes 6 principal categories:

• Bhujia,
• Namkeen,
• Packaged Sweets,
• Papad,
• Western Snacks, and
• Gift packs (assortment), frozen food, mathri range, and cookies

In Fiscal 2021, Bikaji Foods were largest manufacturer of Bikaneri bhujia with annual production of 26,690 tonnes, and were the second largest manufacturer of handmade Papad with an annual production capacity of 9,000 tonnes (Source: F & S Report)

Bikaji Foods are also one of the largest manufacturers of packaged rasgulla with the annual capacity of 24,000 tonnes and one of the largest manufacturers of soan papdi and gulab jamun with annual capacity of 23,040 tonnes and 12,000 tonnes respectively (Source: F & S Report)

The Company are one of the pioneers in the Indian packaged snacks industry which has given a novel twist to classic Indian snacks with a contemporary taste along with maintaining the regional flavours to address the evolving consumer preferences in India and internationally (Source: F & S Report)

Promoters

Shiv Ratan Agarwal,

Deepak Agarwal,

Shiv Ratan Agarwal (HUF)

Deepak Agarwal (HUF)

IPO DETAILS

Dates = 3 Nov 2022 to 07 Nov 2022

Face Value (FV) = INR 1

Issue Price / Floor Price = INR 285 to INR 300

Application per Share = INR 300

Minimum Investment Amount = INR 15000

Minimum Bid = 50 Shares

Maximum Shares for Retail = N.A.

FINANCIALS

Conclusion

Considering the company’s financial parameters, FinBlab recommends NEUTRAL ratings on bikaji foods ipo

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