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Bikaji Foods International Ltd IPO

Price Range (₹)

Rs. 285 –Rs. 300

Issue Size (₹ in Cr.)

Up to 881.22 Cr

Minimum Quantity

50 Shares

Bidding Period

Nov 3 – Nov 7, 2022
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Bikaji Foods International Ltd IPO Tentative Issue timeline

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About the Bikaji Foods International Ltd IPO

- One of India’s largest fast-moving consumer goods (“FMCG”) brands with an international footprint, selling Indian snacks and sweets, and among the fastest growing companies in the Indian organised snacks market. (Source: F&S Report)
- Product range includes six principal categories: bhujia, namkeen, packaged sweets, papad, western snacks and other snacks which primarily includes gift packs (assortment), frozen food, mathri range and cookies (Source: Company DRHP)

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Strengths

Diversified product portfolio focused on various consumer segments and markets

As of September 30, 2021, the product portfolio included more than 250 products across all product segments. The company has launched packages of various sizes for the products (Source: Company DRHP)

Strategically located, large scale sophisticated manufacturing facilities with stringent quality standards

Existing manufacturing facilities are built for large scale operations and are strategically located in proximity to (i) key raw ingredient supplies; and (ii) improve distribution and supply of finished products, which results in reduced freight and logistics related time and cost (Source: Company DRHP)

Extensive distribution network in India

As of September 30, 2021, the company had five depots, 43 superstockists, 438 direct and 1,644 indirect distributors that work with their superstockists, located across 22 states and three union territories in India (Source: Company DRHP)

Risks

The reputation and consumer goodwill associated with the brand are critical for the success of the business

The ability to develop the brand and consumer goodwill are dependent on public perception and recognition of product quality, variety of products, market penetration, accessibility of products from retailers, and marketing and business promotional initiatives (Source: Company DRHP)

Any contamination or deterioration of products could result in legal liability, damage reputation and adversely affect business prospects and financial performance

Subject to various contamination-related risks which typically affect the FMCG industry, including product tampering; relatively short shelf life of certain of products; improper storage of products and raw materials etc (Source: Company DRHP)

Financials

  • Net Worth
  • Total Income
  • Profit after Tax
  • Total Borrowings
  • Basic Earning per Share (EPS)

Industry Trends

- Packaged Food: India’s packaged food business is currently valued at ₹ 3,615 billion. It has grown significantly in last five years on account of changing lifestyles, rising incomes and urbanization. In Fiscal 2015, the packaged food retail revenue was worth ₹ 2,434 billion and has registered a CAGR of approximately 8.2% from Fiscal 2015 to Fiscal 2020. It is estimated to grow at CAGR of 9.1% in next five years to reach at ₹ 5,581 billion.(Source: Company DRHP)


- Split of the industry by Region : Demand for savoury snacks is high in North India followed by West India. These regions are the major consumers of namkeen, especially in Rajasthan and Gujarat where namkeen forms an integral part of food habits. Hence, majority of the namkeen varieties originate from these regions. Further, increasing popularity and availability of numerous options in ethnic namkeen and bhujia segments are the driving the growth across the regions for this segment(Source: Company DRHP)

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  • lock-in of 3 years
    Select IPO

    Choose the IPO you want to apply from the list. Click on Apply.

  • lock-in of 3 years
    Fill in the required details

    Fill in the quantity of shares. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.

  • lock-in of 3 years
    Confirm your request

    Check the A/C, UPI details and click on proceed. You will get an UPI link by which payment can be made.

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The price band of Bikaji IPO is Rs.285 –Rs.300 per share.

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