FMCG/Snacks - Listed on 16 November 2022
Bikaji Foods International (FMCG/Snacks) closed its IPO window in 2022 and listed on NSE and BSE on 16 November 2022 at an upper band issue price of Rs 300, opening at Rs 317.46 for a listing gain of +5.8% and closing day one at Rs 326 (+8.7% on closing basis). The IPO was subscribed 2.26x overall - QIB 3.12x, HNI/NII 1.31x, Retail 1.29x. The total issue size was Rs 1,590 Cr (Fresh Issue Rs 1590 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
FMCG/Snacks
Bikaji Foods International operates in the FMCG/Snacks space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Bikaji Foods International issue was offered at an upper price of Rs 300 and raised approximately Rs 1,590 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 75 | +25.00% |
| Day 2 | Rs 75 | +25.00% |
| Day 3 | Rs 70 | +23.33% |
| Day 4 | Rs 40 | +13.33% |
| Day 5 | Rs 30 | +10.00% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Bikaji Foods International IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Bikaji Foods International IPO listed at +5.8% versus the upper issue price of Rs 300 on 16 November 2022.
Bikaji Foods International IPO was subscribed 2.26x overall. QIB portion was subscribed 3.12x, HNI / NII 1.31x and Retail 1.29x.
IPO GMP started at Rs 75 on Day 1 and moved to Rs 30 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.