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Bikaji foods Company Details
Bikaji Foods International is one of India’s largest fast-moving consumer goods (“FMCG”) brands with an international footprint, selling Indian snacks and sweets, and are among the fastest growing companies in the Indian organised snacks market. In Fiscal 2021, it was largest manufacturer of Bikaneri bhujia with annual production of 26,690 tonnes, and it was the second largest manufacturer of handmade papad with an annual production capacity of 9,000 tonnes in Fiscal 2021. It is also one of the largest manufacturers of packaged rasgulla with the annual capacity of 24,000 tonnes and one of the largest manufacturers of soan papdi and gulab jamun with annual capacity of 23,040 tonnes and 12,000 tonnes respectively. It is one of the pioneers in the Indian packaged snacks industry which has given a novel twist to classic Indian snacks with a contemporary taste along with maintaining the regional flavours to address the evolving consumer preferences in India and internationally.

Its history and lineage traces back to Mr. Gangabishan Agarwal, founder of Haldiram brand. His grandson, Mr. Shiv Ratan Agarwal, the founder and one of the Promoters, continued his legacy and developed extensive experience in the Indian ethnic snacks industry. Mr. Shiv Ratan Agarwal launched the Bikaji brand in the year 1993 with an in-depth understanding of Indian tastes and preferences. It has over the years established market leadership in the ethnic snacks market in its core states of Rajasthan, Assam and Bihar with extensive reach, and have gradually expanded its footprint across India, with operations across 22 states and three union territories as of September 30, 2021. In the six months ended September 30, 2021, it has exported its products to 35 international countries, including countries in North America, Europe, Middle East, Africa, and Asia Pacific, representing 4.60% of its sales of food products in such period. Its product range includes six principal categories: bhujia, namkeen, packaged sweets, papad, western snacks as well as other snacks which primarily includes gift packs (assortment), frozen food, mathri range and cookies. In the six months ended September 30, 2021, it sold more than 250 products under the Bikaji brand. For more information, click www.wellnessforever.com

The Promoters of Bikaji foods
Shiv Ratan Agarwal, Deepak Agarwal, Shiv Ratan Agarwal HUF, Deepak Agarwal HUF

Bikaji foods IPO Main Objects
This is only an Offer for Sale by the Selling Shareholders.

Bikaji foods IPO Details
IPO opens on (?) , 2022
IPO closes on (?) ,2022
Issue Type: Book Built Issue IPO
Issue : up toto 29,373,984 Shares /Rs (?) Crore
* Offer for Sale Up to to 29,373,984 Sh/ Rs. ?Cr

Face Value per share : Rs. 1

Bikaji foods IPO Price Band Per Equity Share: Rs. (?)
Bikaji foods IPO Retail Lot Size (?) Shares
Bikaji foods Listing will at BSE,NSE

Shares offered to
QIB (?%) (?) Shares = Rs (?) Cr
NII (?%) Shares = Rs (?) Crs
RII (?%) Shares = Rs (?) Crs
Lot size: (?) Shares = (?) Forms
Min Retail Application : (?) Sh , Rs. (?)
Max Retail Application : (?) Sh, Rs (?)

Bikaji foods IPO Tentative timeTable
Bikaji foods IPO Allotment on ? 2022
Unblocking of ASBA ? 2022
Credit to Demat Accounts ? 2022
Listing on ? 2022

Bikaji foods IPO Analysis : Financial & Analytical Ratios
Earnings per Share 2019-20 Rs 2.32
Earnings per Share 2020-21,Rs 3.71
Earnings per Share 2021-22 6M Rs 1.71
Book Value of the Share as on 31.3.2021 Rs 24.85
Return on Net Worth: 19-20 10.65 %
Return on Net Worth: 20-21: 14.93 %
Return on Net Worth: 20-21 6M : 5.27 %
Equity Shares prior to the IPO : 249,509,880 Shares
Equity Shares after the IPO : 249,509,880 Shares

Ratio Analysis
Upper Price Band/last EPS:
Upper offer price/Book Value Ratio
Upper offer price/BV after IPO Ratio:

Bikaji foods IPO Peer Comparison:
Prataap Snacks @ PE Multiple of 122.8
DFM Foods @ PE Multiple of 49.3
Nestle India @ PE Multiple of 83.2
Britannia Industries @ PE Multiple of 44.9

Bikaji foods IPO Lead Managers 
J M Financial, Axis Capital ,IIFL financial Services,Intensive Fiscal Services,Kotak Mahindra Capital Co.
Registrar to Bikaji foods IPO
Linkintime India Pvt Ltd.

Registered Office of Bikaji foods
F 196-199, F 178 & E 188, Bichhwal Industrial Area, Bikaner 334 006 Rajasthan
Company Secretary & Compliance Officer : Divya Navani

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