Bikaji Foods IPO - Leading Snacks Player With Pan India Presence: Reliance Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Reliance Securities' IPO Report.Bikaji Foods International Ltd. is one of India’s largest snacks brands with business across six major categories: bhujia, namkeen, packaged sweets, papad, western snacks and other snacks (primarily include gift packs, frozen food and cookies). Bikaji Foods has arrangements with various modern retail channels including supermarkets, hypermarkets and retail store chains either directly or through super stockists. Bikaji Foods is coming out with an initial public offering of Rs 8.8 billion comprising fully offer for sale of ~29.4 million shares. During H1 FY23, the company sold more than 300 products under the Bikaji brand. During FY22, Bikaji was the largest manufacturer of Bikaneri bhujia with an annual production of 29,380 tonnes. The company was also the second largest manufacturer of handmade papad with an annual production capacity of 9,000 tonnes in FY22. Bikaji has a major reach in the international markets and sells its Indian snacks and sweets. The company has exported the products to 21 international countries, including North America, Europe, the Middle East, Africa and Asia Pacific representing 3.2% of the sales..Click on the attachment to read the full IPO report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Bikaji Foods IPO - Leading Snacks Player With Pan India Presence: Reliance Securities

The company is coming out with an IPO of Rs 8.8 billion comprising fully offer for sale of ~29.4 million shares.

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