881 crore IPO of Bikaji Foods International open for subscription

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Bikaji Foods IPO: 881 crore Initial Public Offering (IPO) of Bikaji Foods International (BFILR) is open for subscription on 3rd November. The shares of the company will be offered for sale between Rs 285 to Rs 300.

Bikaji Foods is the third largest producer of ethnic snacks in India. The company’s product line is divided into six main categories: Papad, Packaged Sweets, Namkeen, Bhujia and Western Snacks.

29,373,984 equity shares by existing shareholders and promoter group companies, with a face value of Rs. Offer is being offered for sale (OFS) in 1 offer.

The issue is only an OFS, so the company will not get any money from it. A partial or full exit from the business would be available for selling to shareholders as they would be entitled to the full proceeds.

Subscription for the issue is still available until November 7. Investors can offer at least 50 equity shares or multiples thereof. Since the Offering is only an OFS, the Company will not receive any proceeds from it. A partial or full exit from the business would be available for selling to shareholders as they would be entitled to the full proceeds.

As of June 30, 2022, the business under the name Bikaji had sold over 300 items. The company’s products are exported to 21 different countries, including North America, Europe, the Middle East, Africa and Asia-Pacific. Six manufacturing facilities are currently in use by Bikaji Foods, including four in Bikaner (Rajasthan), one in Guwahati (Assam) and one in Tumakuru (Karnataka) through subsidiary food processors.



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