Bikaji Foods closes at Rs 317, 5% premium on debut day

16 Nov 2022 , 05:34 PM

With a fair listing of Bikaji Foods on BSE and NSE, the stock close at Rs 317.45 with 5% premium on issue price as the session ends. The share was listed at Rs 322.80 with 8% premium on NSE and at Rs 321.15 on BSE. The day’s high of the stock is Rs 334.70 around 12 PM.

Bikaji is an ethnic snack company with multiple product range. The company sell its products majorly in North and West India. The quota for QIBs was subscribed 80.6 times, NIIs was subscribed 7.1 times and RIIs 4.38 times.

For fiscals 2022, 2021 and 2020, company’s revenue from operations stood 1621.45 crore, 1322.21 crore and 1082.90 crore respectively. However, the profit after tax for these fiscals was 76.03 crore, 90.33 crore and 56.37 crore.