Bikaji Foods International Limited is one of the leading FMCG brands in India. They are selling snacks and sweets. They are the largest manufacturer of Bikaneri bhujia, soan papdi, packaged rasgulla, and gulab jamun. The product range also includes Namkeen, Papad, Sweets, Snacks, Combo Packs, Bhujia, and more. They are selling around 250 products under their brand. The company was launched in 1993 by Shiv Ratan Agarwal.

The company has operations in 22 states and 3 union territories. They are also selling in around 35 countries. They have six manufacturing facilities with four facilities located in Bikaner (Rajasthan), one in Guwahati (Assam), and one facility in Tumakuru (Karnataka) held through our subsidiary Petunt Food Processors Private Limited to cater to the southern markets in India. They have 2 contract manufacturing units in Kolkata (West Bengal) and Mumbai.

Objects of the Issue

The selling shareholders are entitled to the entire proceeds of the Offer after deducting the Offer expenses, and relevant taxes. The company will not receive any proceeds from the IPO.

Company Financials



(Amount in ₹ Crore)

IPO Details



IPO Tentative Timetable

Bikaji Foods IPO opens on Nov 3, 2022 and closes on Nov 7, 2022.



IPO Lot Size

The Bikaji Foods IPO lot size is 50 shares. A retail-individual investor can apply for up to 13 lots (650 shares or ₹195,000).

IPO Promoter Holding

Pre-Issue Share Holding - 77.97%
Post-Issue Share Holding - 75.96%

How to apply for IPO?

1. ASBA - All you have to do is, know if your demat is with NSDL or CDSL. Make a note of your Demat ID/DP ID/BO ID - 16 digit number from your broker terminal. Once you have these 2 information, go ahead and apply from your internet banking. One advantage in this process is that, once you submit the application, process ends there and amount gets blocked. While in UPI, you need to get mandate from your bank and need to authorize on time. Many parties are involved in UPI process (Bank, broker, 3rd party UPI app provider etc) and there are chances of delayed UPI mandates. This is a recent process and will take time to settle. Till then, it is better to apply from net banking, but ensure you enter correct 16 digit DP ID.

List of banks that support ASBA. https://www.bsesme.com/static/getlis...x?expandable=0

2. UPI - Visit your broker terminal, select the IPO, enter UPI ID and other bid details to submit the application. Wait for mandate to arrive on UPI app. Approve the mandate to block the amount.

Refer to this video to apply for IPO using UPI at Zerodha.