Bikaji Foods International Limited – Globe Capital Market LTD.
Bikaji Foods International Limited
Closed
Price Band
Rs 285-300
IPO Issue Period
Nov 03, 2022 to Nov 07, 2022
Issue Size
881.22 Cr
Face value
Rs. - 1
Fresh issue
NIL
Offer for sale
881.22 Cr.
Minimum Shares for Retail
50 Shares
Listing on
NSE, BSE
Issue Type
Book Building
Registrar to the Issue
Link Intime India Private Ltd
Tentative Listing Date
Nov 16, 2022
QIB
Not More than 50% of the offer
NII
Not less than 15% of the offer
Retail
Not less than 35% of the offer

JM Financial Consultants Private Limited
Axis Capital Limited
IIFL Securities Ltd
Intensive Fiscal Services Private Limited
Kotak Mahindra Capital Company Limited

Bikaji Foods International Limited is one of India’s largest fast-moving consumer goods (“FMCG”) brands. The company’s product range includes six principal categories: bhujia, namkeen, packaged sweets, papad, western snacks as well as other snacks which primarily include gift packs (assortment), frozen food, mathri range and cookies. In the six months that ended June 30, 2022, the company sold more than 300 products under the Bikaji brand.

The company was the largest manufacturer of Bikaneri bhujia with an annual production of 29,380 tonnes, and we were the second largest manufacturer of handmade papad with an annual production capacity of 9,000 tonnes in Fiscal 2022. The company has an international footprint, selling Indian snacks and sweets, and is among the fastest-growing companies in the Indian organised snacks market.

The company has over the years established market leadership in the core states of Rajasthan, Assam and Bihar with an extensive reach. It has gradually expanded its footprint across India, with operations across 23 states and three union territories as of June 30, 2022.

In the six months ended June 30, 2022, The company has exported the products to 21 international countries, including North America, Europe, the Middle East, Africa, and Asia Pacific, representing 3.20% of our sales of food products in such period.

Bikaji Foods International Limited has six operational manufacturing facilities that are operated by us, with four facilities located in Bikaner (Rajasthan), one in Guwahati (Assam), one facility in Tumakuru (Tumkur) (Karnataka) held through the subsidiary Petunt Food Processors Private Limited to cater to the southern markets in India

For year/ period ended ( in Cr.)

H1FY22 FY21 FY20
Total Revenue 1610.96 1310.75 1074.55
Profit After Tax 76.03 90.34 56.37
EPS 3.15 3.71 2.32
OPM (%) 8.66% 11.04% 8.80%
PATM (%) 4.72% 6.89% 5.25%

 

  • Well-established brand with pan-India recognition.
  • Diversified product portfolio focused on various consumer segments and markets.
  • Strategically located, large-scale sophisticated manufacturing facilities with stringent quality standards.
  • Extensive pan-India and global distribution network, arrangements with reputed retail chains and growing eCommerce and exports channel.
  • Extensive distribution network in India.
  • Strategic arrangements with retail chains in India and international markets.
  • Growing e-commerce channel.
  • Significant multi-product export sales.
  • The Selling Shareholders will be entitled to the entire proceeds of the Offer after deducting the Offer expenses and relevant taxes thereon. The Company will not receive any proceeds from the Offer.

The firm is one of the largest organised namkeen snacks and sweets manufacturing and marketing companies. Hence, Investors may subscribe to the Issue.

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