Bikaji Foods International IPO lists at 8% premium

16 Nov 2022 , 10:45 AM

Bikaji Foods made a positive debut on stock exchanges with an 8% premium. The shares of the company have been listed at Rs 321.15 on BSE and Rs 322.80 on NSE in the list ‘B’.

Bikaji Foods is India’s third largest snack company and its product range includes six principal categories: bhujia, namkeen, packaged sweets, papad, and western snacks among others. Its Rs 881-crore IPO was sold in the range of Rs 285-300 per share and received a strong investor response.

The IPO was subscribed over 26.67 times by the closure of the IPO on November 7th. Non-institutional investors’ quota was subscribed to 7.10 times, compared to 80.63 times for qualified institutional buyers. Data showed that the portion for retail individual investors was booked 4.77 times.

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