IPO Details

Issue Date




Price Range

285 - 300

Lot Size


IPO Size

₹ 881.22 Cr

IPO Listing Details

Listing On

16 Nov'22

Issue Price


Listed Price

₹ 322.8

Retail Gain/Listing Gain


Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

Bikaji Foods International has a history and lineage tracing back to Gangabishan Agarwal, founder of the Haldiram brand. Bikaji is currently the third largest ethnic snacks company in India with an international footprint, selling Indian snacks and sweets, along with being the second fastest growing company in the Indian organised snacks market (Source: F&S Report). In Fiscal 2022, the company was the largest manufacturer of Bikaneri bhujia with an annual production of 29,380 tonnes, and was also the second largest manufacturer of handmade papad with an annual production capacity of 9,000 tonnes in Fiscal 2022 (Source: F&S Report). Furthermore, the company is also the third largest player in the organised sweets market with annual capacity of 24,000 tonnes for packaged rasgulla, 23,040 tonnes for soan papdi and 12,000 tonnes for gulab jamun.

The company has established market leadership in the ethnic snacks market in the core states of Rajasthan, Assam and Bihar and has gradually expanded its footprint across India, with operations across 23 states and four union territories as of June 30, 2022. In the three months ended June 30, 2022, the company has exported products to 21 international countries, including countries in North America, Europe, Middle East, Africa, and Asia Pacific, representing 3.20% of the sales of food products in such a period.

With an extensive product mix, Bikaji has become the preferred home consumption snacking brand for families. Over the years, the company has consistently invested in developing strong brand recall and consumer preference. They have engaged Amitabh Bachchan, a well-known celebrity in India, as their brand ambassador and is amongst the few Indian ethnic snacks companies to have a celebrity brand ambassador of such stature. (Source: F&S Report).

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Well-established brand with pan-India recognition:
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Growing e-commerce channel:
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Consistent financial performance:
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Here are a few strategies Bikaji Foods International Limited has for its business:

  • Core market strategic intervention

  • Drive growth in focus markets leveraging existing and proposed facilities

  • Expansion into other markets

  • Establish strategically located new manufacturing facilities to pursue growth in their focus and other markets

  • Continue to use advanced technology to further optimise operations

  • Further strengthen the brand

And finally here’s a look at key financials of Bikaji Foods International Limited.

Particulars (in Rs. million)

Particulars (in Rs. million)

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Top Bikaji Foods International Ltd IPO FAQs

Bikaji Foods International Ltd will list on 2022-11-16.

881.22 is the issue size of Bikaji Foods International Ltd IPO.

The price band of Bikaji Foods International Ltd IPO is ₹285 to ₹300.

The Bikaji Foods International Limited IPO has an issue size of around Rs. 881 crore. The IPO opens for subscription on 3rd November 2022 and ends on 7th November 2022.

To be announced

Link Intime India Private Limited is the registrar for this IPO.

The dates are yet to be announced.

You can read more about Bikaji Foods International Limited and its IPO from the company’s red herring prospectus (RHP) here.

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