Bikaji Foods IPO Subscription: The month of November is very good for those who invest in IPO. In this month many companies are bringing their Initial Public Offer. Recently, Bikaji Foods, a big salting company, brought its IPO (Bikaji Foods IPO). Tomorrow i.e. 7th November 2022 was the last day to subscribe to this IPO (Bikaji Foods Subscription). This IPO has got good response from the investors. It has been subscribed up to 26.67 times till the last day. According to the data available in the National Stock Exchange, 55.04 crore shares have been bid as against 2.6 crore shares. The company’s shares are likely to be listed on the stock market BSE and NSE on 16 November 2022.
On which day the allotment of shares will be done
Explain that the allotment of shares can be done on November 11, 2022. If shares are allotted to an investor, the shares will be credited to his demat account by November 15. On the other hand, if the share is not allotted to you, then its money will be returned to your account. The investors of the company are now waiting for its share allotment.
OFS Shared Issued for IPO
Bikaji Foods International Limited has brought Offer for Sale ie OFS shares in its IPO (Bikaji Foods IPO). Through this, the company is not issuing any new shares for this time IPO. The company is selling the shares of its shareholders and promoters. Shiv Ratan Agarwal and Deepak Aggarwal, who are the main promoters of the company, have sold their 25 lakh shares. In this IPO, retail investors in the company have subscribed up to 4.77 times. On the other hand, the share of non-institutional investors has been subscribed up to 7.10 times and that of qualified institutional investors up to 80.63 times.
Bikaji Foods Company Details-
Bikaji Foods Company manufactures more than 250 varieties of namkeen. This namkeen is very famous from North India to North East. Apart from namkeen, this company also makes papad, frozen food and cookies. The portfolio of the company is very diversified. Along with this, the distribution network of Bikaji and the FMCG sector is growing rapidly.
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