Bikaji Meals Worldwide Restricted is arising with its Preliminary Public Providing. The IPO will open for subscription on November third, 2022, and shut on November seventh, 2022. It’s trying to elevate Rs 881.22 Crores, which might be a suggestion on the market. On this article, we are going to take a look at the Bikaji Meals IPO Assessment and analyze its strengths and weaknesses. Hold studying to seek out out!
Bikaji Meals IPO Assessment – About The Firm
Mr. Shiv Ratan Agarwal launched the Bikaji model within the yr 1993 with an in-depth understanding of Indian tastes and preferences.
Immediately the corporate is considered one of India’s largest fast-moving client items (“FMCG”) manufacturers with a global footprint. It’s engaged in promoting Indian snacks and sweets and is among the many fastest-growing firms within the Indian organized snacks market.
The corporate stood because the second largest producer of handmade papad with an annual manufacturing capability of 9,000 tonnes in Fiscal 2021.
The corporate serves the candy tooth by being one of many largest producers of packaged rasgulla with an annual capability of 24,000 tonnes and one of many largest producers of soan papdi and gulab jamun with an annual capability of 23,040 tonnes and 12,000 tonnes respectively.
The corporate has a big pan-India distribution community. As of September 30, 2021, that they had 5 depots, 43 tremendous stockists, and 438 direct and 1,644 oblique distributors that work with their tremendous stockists, positioned throughout 22 states and three union territories in India.
The Product portfolio of the corporate
Their merchandise vary from bhujia, namkeen, packaged sweets, papad, and western snacks in addition to different snacks which primarily embody present packs (assortment), frozen meals, mathri vary, and cookies.
(Supply: DRHP of the corporate)
The opponents of the corporate
(Supply: DRHP of the corporate)
Bikaji Meals IPO Assessment – Monetary Highlights
(Supply: DRHP of the corporate)
Bikaji Meals IPO Assessment – Business Overview
India’s packaged meals enterprise is at the moment valued at ₹ 3,615 billion. It has grown considerably within the final 5 years on account of fixing existence, rising incomes, and urbanization. It’s estimated to develop at a CAGR of 11.50% within the subsequent 5 years to achieve ₹ 5,581 billion.
Indian Savoury Snacks market is valued at ₹ 728 billion in 2021 and is anticipated to achieve ₹ 1,186 billion by 2025 at a CAGR of 13%.
Sweets have been a really conventional and fashionable cultural side in Indian households. The Indian candy market is valued at ₹ 589 Billion with a serious share coming from unorganized gamers. The market is predicted to achieve ₹ 843 billion by 2025.
The Papad market in India is anticipated to achieve ₹ 99 billion by 2025 with a CAGR of seven.58%. The organized market within the papad section is valued at ₹ 23 billion and is rising at a CAGR of 10%.
Strengths of the Firm
The corporate has a well-established model identify together with a robust pan-India presence.The corporate has a diversified product portfolio that features greater than 250 merchandise throughout all our product segments.The corporate has Strategically positioned, massive scale refined manufacturing amenities with stringent high quality requirements.The corporate has made an in depth distribution community in India through the years and has additionally established strategic preparations with retail chains in home and worldwide markets.The corporate is led by skilled promoters and a administration group.
Weaknesses of the Firm
The income of the corporate is considerably depending on the sale of its Bhujia merchandise. Any modifications can impression their enterprise. The manufacturing of the corporate is closely depending on well timed manufacturing. Any modifications can disrupt the availability chain.The corporate can also be depending on its exterior distribution community. Any disputes with these events can hinder their provide chain.The corporate requires uncooked supplies for manufacturing. Any modifications within the procurement or costs of uncooked supplies can have an effect on the enterprise.The corporate is topic to stringent rules beneath the Meals Security and Requirements Act, 2006 (“FSS Act”).
Bikaji Meals IPO Assessment – GMP
The shares of Bikaji Meals Worldwide traded at a premium of 23.67% within the gray market on November 2nd, 2022. The shares tarded at Rs 371. This provides it a premium of Rs 71 per share over the cap value of Rs 300.
Bikaji Meals IPO Assessment – Key IPO Info
Promoters: Shiv Ratan Agarwal, Deepak Agarwal, Shiv Ratan Agarwal (HUF), and Deepak Agarwal (HUF)
Ebook Operating Lead Managers: JM Monetary Restricted, Axis Capital Restricted, IIFL Securities Restricted, Intensive Fiscal Providers Non-public Restricted, and Kotak Mahindra Capital Firm Restricted.
Registrar To The Provide: Hyperlink Intime India Non-public Restricted
ParticularsDetails
IPO Dimension₹881.22 Crore
Contemporary Concern-
Provide for Sale (OFS)₹881.22 Crore
Opening dateNovember 3, 2022
Closing dateNovember 7, 2022
Face Worth₹1 per share
Worth Band₹285 to ₹300 per share
Lot Size50 Shares
Minimal Lot Size1 (50 Shares)
Most Lot Size13 (650 Shares)
Itemizing DateNovember 16, 2022
The Goal of the Concern
The Web Proceeds from the Contemporary Concern are proposed to be utilized for:
Obtain the advantages of itemizing the Fairness Shares on the Inventory Exchanges;Perform the Provide for Sale of as much as 29,373,984 Fairness Shares by the Promoting Shareholders.
In Closing
On this article, we seemed on the particulars of Bikaji Meals IPO Assessment 2022. Analysts stay divided on the IPO and its potential features. It is a good alternative for traders to look into the corporate and analyze its strengths and weaknesses. That’s it for this submit.
Are you making use of for the IPO? Tell us within the feedback under.
Now you can get the most recent updates within the inventory market on Commerce Brains Information and you may even use our Commerce Brains Portal for elementary evaluation of your favourite shares.
Begin Your Monetary Studying Journey
Wish to be taught Inventory Market and different Monetary Merchandise? Be certain to take a look at, FinGrad, the educational initiative by Commerce Brains. Click on right here to Register right this moment to Begin your 3-Day FREE Path. And don’t miss out on the Introductory Provide!!
