iStockMumbai: The ₹882-crore initial public offering of India's third largest ethnic snacks company Bikaji Foods International will open for public subscription on November 3. The company has priced the issue in the band of ₹285- 300 per share. Investors can bid for a minimum of 50 shares and in multiples of 50 shares thereafter.
The issue with a face value of ₹1 per share is entirely an offer of up to 29.4 million shares by existing shareholders and promoter group entities. The IPO will close for subscription on November 7.
Some of the sellers in the offer for sale include promoters Ratan Agarwal and Deepak Agarwal along with investors like IIFL Special Opportunities Fund and Avendus Future Leaders Fund.
Bikaji's revenue from operations grew 22.90% to ₹1,610.96 crore for FY22 against ₹1,310.75 crores a year ago. For the three months ending June 30, 2022, revenue from operations stood at ₹419.16 crore, and net profit was ₹15.70 crore.
, , , Intensive Fiscal Services, and Capital Co are the bankers to the issue.
The issue with a face value of ₹1 per share is entirely an offer of up to 29.4 million shares by existing shareholders and promoter group entities. The IPO will close for subscription on November 7.
Some of the sellers in the offer for sale include promoters Ratan Agarwal and Deepak Agarwal along with investors like IIFL Special Opportunities Fund and Avendus Future Leaders Fund.
Bikaji's revenue from operations grew 22.90% to ₹1,610.96 crore for FY22 against ₹1,310.75 crores a year ago. For the three months ending June 30, 2022, revenue from operations stood at ₹419.16 crore, and net profit was ₹15.70 crore.
, , , Intensive Fiscal Services, and Capital Co are the bankers to the issue.
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