Sharescart Research Club logo
Apollo Green 60 (-3.2%)Axles India 525 (6.1%)Bira 108 (0%)CIAL 438 (0%)CSK 268 (8.1%)ESDS Software 448 (-3.7%)Garuda Aerospace 485 (-2%)GFCL EV 42 (0%)HDFC Securities 8950 (-0.6%)Hella Infra 110000 (-2.2%)Hero Fincorp 1075 (2.4%)HPX India 28 (7.7%)Incred Holdings 152 (2.7%)India Carbon 895 (0%)Indian Potash 2850 (1.8%)Inox Clean 725 (-8.8%)Insolare Energy 185 (0%)Matrix Gas 16 (0%)Motilal Oswal 12.95 (17.7%)MSEI 6.25 (-5.3%)NCDEX 398 (-1.7%)NeRL 58 (0%)NSE 1965 (4.2%)Onix Renewable 66 (13.8%)Orbis Financial 408 (0.7%)OYO 24 (0%)Pharmeasy 6.25 (-3.8%)Polymatech Electronics 62 (-3.1%)RRP S4E 168 (-10.6%)SBI Mutual 775 (0%)Ticker Ltd 32 (0%)Zepto 49 (-9.3%)

15 Days Price Change

Bikaji Foods Inter. IPO

Closing In

  • days
  • Hours
  • Minutes
  • Seconds
Profile
Issue Size --
Profile
Price Range 285  to  300 per share
Profile
Min Investment ₹300
Profile
Lot Size 1
Profile
Face Value ₹1
Profile
Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Bikaji Foods International Limited was founded in 1987 by Shivratan Agarwal, grandson of Gangabhishan Agarwal, who is the founder of Haldiram. Shivratan Agarwal wanted to forge his own identity which leads to the creation of the brand Bikaji (formerly known as Shivdeep Industries Ltd.) The name 'Bikaji' is derived from Bika Rao - the founder of Bikaner (name of a place) and Ji, used as a mark of respect. Bikaji Foods is known for its savories and sweets around the world. They produce and sell food products such as namkeen, bhujia, papads, chips, western snacks, packed sweets, frozen food, cookies, and more. To promote their western snack segment, Bikaji Foods has launched Bikaji Cafe and Bikaji Funkeen brands. The company has also launched an online retail platform and a mobile application in the year 2020 which allow consumers to easily browse through their products. Read More

Basic Info

Face Value 1 per share

Price 285  to  300 per share

P/E (x) 37.5

Sales( Cr.) 2622

PAT( Cr.) 194

EPS 8

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Shiv Ratan Agarwal Deepak Agarwal Shiv Ratan Agarwal (HUF) Deepak Agarwal (HUF)

Pre Issue Share Holding 100%

Post Issue Share Holding 56.2%

Listing Details:

Listing Price: 321.15

Listing Gain: 6.59%

Current Price: 676.7

Gain On Issue: 676.7 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Nov 03, 2022
Closing Date Nov 07, 2022
Allotment Nov 08, 2022
Refund Nov 09, 2022
Delivery of Shares Nov 09, 2022
Listing Date Nov 10, 2022

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 50 15,000
Retail (Max) 13 650 195,000
S-HNI (Min) 14 700 210,000
S-HNI (Max) 66 3300 990,000
B-HNI (Min) 67 3350 1,005,000

Objective of the Issue

The objects of the Offer are to (i) achieve the benefits of listing the Equity Shares on the Stock Exchanges, (ii) carry out the Offer for Sale of up to 293,73,984 Equity Shares by the Selling Shareholders.

Issue

Category Nos Bid Bid (x)
QIB 14686992 1184212165 80.6x
NII 4406098 31283296 7.1x
Retail 10280894 49039864 4.8x
EMP 0 0 0x
Total 29373984 783404153 26.7x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Bikaji Foods Inter. Profit & Loss

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 901 1075 1311 1611 1966 2329 2622
Other Income 9 8 11 10 23 27 33
Total Income 911 1083 1322 1621 1989 2357 2655
Total Expenditure 808 980 1166 1471 1752 1937 2293
Operating Profit 103 103 157 151 237 419 362
Interest 4 5 3 7 11 11 16
Depreciation 23 34 33 38 49 60 82
Exceptional Income / Expenses 0 0 0 0 0 0 0
Profit Before Tax 76 64 120 105 177 348 264
Provision for Tax 25 7 30 29 41 84 70
Profit After Tax 51 56 90 76 136 263 194
Adjustments 0 0 -0 2 1 2 7
Profit After Adjustments 51 56 90 78 137 266 201
Adjusted Earnings Per Share 2.1 2.3 3.7 3.1 5.5 10.6 8

Bikaji Foods Inter. Balance Sheet

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 470 529 606 821 956 1218 1383
Minority's Interest 0 0 2 -0 -1 -2 97
Borrowings 34 17 14 41 47 18 11
Other Non-Current Liabilities 60 105 100 175 49 78 150
Total Current Liabilities 86 93 183 190 221 217 287
Total Liabilities 650 743 905 1227 1271 1530 1927
Fixed Assets 394 402 419 507 656 806 978
Other Non-Current Assets 62 139 229 378 197 228 204
Total Current Assets 194 203 257 343 419 496 745
Total Assets 650 743 905 1227 1271 1530 1927

Bikaji Foods Inter. Cash Flow

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 17 -17 -23 -28 15 7
Cash Flow from Operating Activities 69 55 122 57 171 245 193
Cash Flow from Investing Activities -92 -58 -119 -232 -123 -199 -131
Cash Flow from Financing Activities 40 -31 -9 169 -5 -54 -56
Net Cash Inflow / Outflow 17 -34 -6 -5 43 -8 7
Closing Cash & Cash Equivalent 17 -17 -23 -28 15 7 23

Bikaji Foods Inter. Ratios

# Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.09 2.32 3.71 3.12 5.5 10.61 8.01
CEPS(Rs) 3.03 3.73 5.08 4.58 7.39 12.92 11.01
DPS(Rs) 0.2 0.2 0.2 0.3 0.75 1 1
Book NAV/Share(Rs) 19.32 21.76 24.91 32.79 37.85 48.51 54.96
Core EBITDA Margin(%) 10.28 8.76 10.97 8.36 10.63 16.49 12.29
EBIT Margin(%) 8.8 6.38 9.33 6.7 9.35 15.11 10.48
Pre Tax Margin(%) 8.34 5.87 9.08 6.27 8.79 14.64 9.88
PAT Margin (%) 5.6 5.2 6.83 4.54 6.75 11.08 7.26
Cash Profit Margin (%) 8.1 8.36 9.33 6.83 9.17 13.61 10.31
ROA(%) 7.84 8.09 10.96 7.13 10.87 18.81 11.24
ROE(%) 10.84 11.29 15.92 10.68 15.42 24.41 15
ROCE(%) 14.76 12.31 19.39 13.58 18.25 29.49 19.51
Receivable days 15.64 13.59 12.28 13.14 13.84 14.03 13.94
Inventory Days 15.38 12.6 12.87 14.13 13.73 12.33 12.97
Payable days 20.22 12.87 13.14 15.68 14.75 15.69 14.99
PER(x) 0 0 0 0 65.87 46.2 82.5
Price/Book(x) 0 0 0 0 9.57 10.11 12.03
Dividend Yield(%) 0 0 0 0 0.21 0.2 0.15
EV/Net Sales(x) 0 -0.01 0.02 0.05 4.62 5.25 6.29
EV/Core EBITDA(x) 0 -0.11 0.15 0.5 38.39 29.14 45.61
Net Sales Growth(%) 0 19.21 21.98 22.9 22.04 18.48 12.56
EBIT Growth(%) 0 -13.6 78.56 -9.06 67.52 91.03 -21.98
PAT Growth(%) 0 10.69 60.25 -15.84 78.68 93.94 -26.23
EPS Growth(%) 0 10.69 60.02 -15.79 75.97 93.03 -24.47
Debt/Equity(x) 0.15 0.1 0.14 0.17 0.15 0.1 0.11
Current Ratio(x) 2.24 2.19 1.4 1.8 1.9 2.28 2.6
Quick Ratio(x) 1.8 2.34 1.12 1.44 1.54 1.9 2.23
Interest Cover(x) 19.2 12.58 37.02 15.48 16.79 31.77 17.72
Total Debt/Mcap(x) 0 0 0 0 0.02 0.01 0.01

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 13% 18% 20% 0%
Operating Profit CAGR -14% 34% 29% 0%
PAT CAGR -26% 37% 28% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -3% 22% NA% NA%
ROE Average 15% 18% 16% 15%
ROCE Average 20% 22% 20% 18%

Company Contact Information

Bikaji Foods International Ltd.

F 196-199, F 178 & E 188 Bichhwal Industrial Area

IPO Lead Manager(s)

Bikaji Foods International Ltd.

Axis Capital Ltd.

IIFL Securities Ltd.

Intensive Fiscal Services Pvt Ltd

JM Financial Ltd.

Kotak Mahindra Capital Co Ltd

Registrar Info

Bikaji Foods International Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

Wealth Icon
Don’t Miss Out on Unlisted Shares

Open your account today and gain instant access to top unlisted shares and pre-IPO opportunities.

whatsapp