Bikaji Foods International Limited to launch IPO
The biggest FMCG (fast-moving consumer goods) brand in India, Bikaji Foods International, will begin its initial public offering (IPO) on November 3, 2022, and end on November 7, 2022.
One of the biggest fast-moving consumer goods ("FMCG") brands in India, Bikaji Foods International Limited sells Indian snacks and sweets and is among the fastest-growing businesses in the organised snacking sector in India. the second-biggest producer of handcrafted papad with an annual production capacity of 9,000 tonnes, and the company's top producer of Bikaneri bhujia with an annual production of 26,690 tonnes.
Following are some important details about the IPO :
| Opening Date for Anchor Investors : | 2-Nov-2022 |
| Issue Open : | 3-Nov-2022 |
| Issue Close : | 7-Nov-2022 |
| Allotment Date : | 11-Nov-2022 |
| Listing Date | 16-Nov-2022 |
| Issue size : | 2,93,73,984 Offer for Sale |
| Total Outstanding Shares (as of March 31, 2022) | 24,95,09,880 |
| Promoter Holding (as of March 31, 2022) | 77.97 % |
| Face Value : | ₹1 per share |
| Retail Offer : | 35 % |
| HNI Offer : | 35 % |
| Employee Reservation : | 2,50,000 (0.85 %) |
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