This is an archive article published on October 31, 2022
Bikaji Foods IPO to open Thursday, price band fixed at Rs 285-300/share
The IPO will be a pure offer-for-sale (OFS) of around 2.94 crore equity shares by its promoters and existing shareholders.
Bikaji is the largest manufacturer of Bikaneri bhujia with an annual production of 29,380 tonnes and is a leading maker of packaged rasgulla, soan papdi and gulab jamun. (Image: Facebook/Bikaji) Manufacturer of snacks and sweets Bikaji Foods International Ltd on Monday said it has fixed a price band of Rs 285-300 a share for its Rs 881-crore initial public offering (IPO).
The initial share-sale will open for public subscription on November 3 and conclude on November 7, the company announced.
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The IPO will be a pure offer-for-sale (OFS) of around 2.94 crore equity shares by its promoters and existing shareholders.
Both the promoters — Shiv Ratan Agarwal and Deepak Agarwal– are looking to offload up to 25 lakh company shares each.
Other entities that will be selling their shares are — India 2020 Maharaja Ltd; Intensive Softshare Pvt Ltd; IIFL Special Opportunities Funds and Avendus Future Leaders Fund I.
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