Bikaji IPO:
Should you Invest or Avoid?
Bikaji Foods International IPO is available for subscription from 3rd Nov - 7th Nov 2022
Sector: FMCG/Foods
Products:
Bhujia
Namkeen
Packaged Sweets
Papads
Snacks
Shivratan Agarwal, Founder of Bikaji Foods International Ltd
IPO details
Issue Size: Rs.881 Cr
Face Value: Re 1
Price band: Rs 285 - 300
Lot Size: 50 Shares
Positives:
2nd Fastest growing FMCG Snacks company
Largest in Bikaneri Bhujia
2nd largest in Papad
3rd largest in Packaged Sweets
Negatives:
IPO is purely an OFS
Both Promoters to sell their 25 Lac shares each
Valuations are expensive
GMP is decreasing
Stocksbaazigar believes
Stock can list with Flat to 5-8% premium
Stocks may correct heavily post listing
Can be avoided.