New Delhi: Bikaji Foods International has opened an IPO for a fresh issue of Rs 881 crore. FMGC Company has fixed a price band of Rs 285-300 per equity. However, investors can bid for a minimum of 50 equity shares and thereafter in multiples of 50 equity shares. Investors can bid for the IPO till November 7.
Bikaji Foods will not receive any funds from the IPO as it is a full-fledged offer for sale by the promoters and shareholders. The IPO consists of an OFS of approximately 2.94 crore equity shares by its promoters and existing shareholders. Both the promoters – Shiv Ratan Agarwal and Deepak Agarwal – are looking to sell 2.5 million shares of the company each.
Here’s everything you need to know:
Bikaji Foods International IPO allotment date is November 11. The shares will be credited to the demat accounts of the successful bidders on November 15.
IPO listing date
The shares will be listed on November 16 on both the major exchanges BSE Sensex and NSE Nifty.
About Bikaji Food International Limited
FMGC company was established in 1986 with co-partnership business under the name and style of Shivdeep Food Products.
The name Bikaji is derived from Bikara Rao, the founder of Bikaner and Ji, which is used as a symbol of respect in India. Mr. Agarwal’s vision was to give the world a taste of the true tradition. He wanted to reach every consumer with authentic Indian flavour, which reflects the culture and values of India. Over the years, Bikaji has managed to win hearts across the globe with its prowess of ethnic-snacking. Today, Bikaji stands for Authentic Indian Taste with diverse products and innovative packaging, which Esly adds to its commitment to take Indian flavor to the world.