Bikaji Foods International Ltd
Right now, it is one of the leading brands for sweet and salty snacks in India. The company was established in 1986. Recently, the company’s IPO was out.
Bikaji Foods IPO: The IPO was subscribed 26.67 times on the last day. This is according to the data available on the BSE. The subscription for this particular share started on November 3rd.
You can check the IPO (when the results arrive) on two websites (IPO Share Allotment Sites): BSE and Kfin Technologies IPO.
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Bikaji Foods International LTD: About Them:
According to their website, “In the late 80s, Shri Shivratan Agarwal decided to walk his path and create a new identity for himself, this lead to the birth of the brand Bikaji.”
Right now, it is one of the leading brands for sweet and salty snacks in India. The company was established in 1986. Recently, the company’s IPO was out.
Bikaji Foods IPO:
Bikaji Foods International LTD Share Price: According to information from the BSE, Bikaji Foods International, a manufacturer of snacks and also sweets, saw a final-day subscription rate of 26.67 times for its initial public offering (IPO).
Information revealed that bids totalling slightly more than 55.04 crore shares were placed for the Rs 881 crore offer, compared to the issue size of more than 2.06 crore shares.
Data showed that the portion of shares reserved for qualified institutional buyers (QIBs) was 80.63 times subscribed, while the portion reserved for non-institutional investors was 7.10 times subscribed.
Also, the portion reserved for retail individual investors (RIIs) was 4.77 times subscribed. The employees’ portion, meanwhile, was oversubscribed by 4.38 times.
Bikaji Foods Share Price: IPO subscriptions began on November 3, 2022, and closed today at 5 p.m. There is a range of Rs 285–300 that it can be purchased at.
What Is IPO?
The sale of a company’s shares to institutional investors and, typically, retail (individual) investors is known as an initial public offering (IPO) or stock launch.
A company’s initial public offering (IPO) is backed by investment banks. They also coordinate the listing of the company’s shares on a stock exchange.
