Bikaji Foods IPO was fully subscribed; need more
Bikaji Foods IPO: BikajiFoods International Ltd’s initial public offering (IPO) is now for subscription and will remain for bidding until November 7, 2022. The general issue was fully subscribe by 3 p.m. on day two of bidding, led by the retail category.
Meanwhile, the BikajiFoods IPO grey market premium (GMP) has fallen to 27. According to market observers, Bikaji Foods shares are still available at a premium of 27.
Still, due to negative sentiments on Dalal Street over the last two days, it has dropped from 70 to 27.
Here are some key BikajiFoods IPO details: BikajiFoods IPO GMP. BikajiFoods shares are available at a premium of 27, 25 less than its Thursday GMP of 52 and 43 less than its Wednesday GMP of 70.
Bikaji Foods IPO subscription status: BikajiFoods IPO was subscribe 1.11 times on day 2 of bidding until 03:00 p.m., with the retail portion, booked 1.79 times and NIIs 0.97x.
– BikajiFoods IPO subscription date: The public offering began on November 3, 2022. And will remain open for bidding until November 7, 2022.
– Bikaji Foods IPO lot size: A bidder can apply in lots of 50 shares.
BikajiFoods IPO listing: The IPO is propose for the NSE and the BSE.
– BikajiFoods IPO listing date: The initial public offering is expect to take place on November 16, 2022.
– Bikaji Foods IPO review: “BikajiFoods is an established name in the ethnic snacks market,” said Abhay Doshi, Co-founder at UnlistedArena, of the BikajiFoods IPO. Bikaji has an extensive distribution network throughout India. The bottom line has grown reasonably well. Margin pressure, on the other hand, reduced the bottom line. The asking p/e at the upper band is around 95x, while the P/BV is about 9 times.
