Bikaji Meals IPO Evaluation – GMP, Strengths, Weaknesses & Extra!


Bikaji Meals Global Restricted is bobbing up with its Preliminary Public Providing. The IPO will open for subscription on November third, 2022, and shut on November seventh, 2022. It’s having a look to lift Rs 881.22 Crores, which shall be an be offering on the market.
On this article, we can take a look at the Bikaji Meals IPO Evaluation and analyze its strengths and weaknesses. Stay studying to determine!

Bikaji Meals IPO Evaluation – About The Corporate

Mr. Shiv Ratan Agarwal introduced the Bikaji emblem within the yr 1993 with an in-depth working out of Indian tastes and personal tastes. 

Lately the corporate is certainly one of India’s greatest fast-moving shopper items (“FMCG”) manufacturers with a world footprint. It’s engaged in promoting Indian snacks and goodies and is likely one of the fastest-growing corporations within the Indian arranged snacks marketplace.

The corporate stood as the second one greatest producer of hand-crafted papad with an annual manufacturing capability of 9,000 tonnes in Fiscal 2021.

The corporate serves the candy enamel via being one of the vital greatest producers of packaged rasgulla with an annual capability of 24,000 tonnes and one of the vital greatest producers of soan papdi and gulab jamun with an annual capability of 23,040 tonnes and 12,000 tonnes respectively. 

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The corporate has a big pan-India distribution community. As of September 30, 2021, that they had 5 depots, 43 tremendous stockists, and 438 direct and 1,644 oblique vendors that paintings with their tremendous stockists, situated throughout 22 states and 3 union territories in India.

The Product portfolio of the corporate

Their merchandise vary from bhujia, namkeen, packaged goodies, papad, and western snacks in addition to different snacks which essentially come with present packs (collection), frozen meals, mathri vary, and cookies.

Bikaji Foods International IPO Review - Product Portfolio

(Supply: DRHP of the corporate)

The competition of the corporate

Bikaji Foods International IPO Review - Compititors

(Supply: DRHP of the corporate)

Bikaji Meals IPO Evaluation – Monetary Highlights

Bikaji Foods International IPO Review - Financials

(Supply: DRHP of the corporate)

Bikaji Meals IPO Evaluation – Trade Review

India’s packaged meals industry is recently valued at ₹ 3,615 billion. It has grown considerably within the ultimate 5 years because of converting life, emerging earning, and urbanization.  It’s estimated to develop at a CAGR of eleven.50% within the subsequent 5 years to succeed in ₹ 5,581 billion.

Indian Savoury Snacks marketplace is valued at ₹ 728 billion in 2021 and is predicted to succeed in ₹ 1,186 billion via 2025 at a CAGR of 13%.

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Goodies were an overly conventional and in style cultural side in Indian families. The Indian candy marketplace is valued at ₹ 589 Billion with a big proportion coming from unorganized avid gamers. The marketplace is expected to succeed in ₹ 843 billion via 2025.

The Papad marketplace in India is predicted to succeed in ₹ 99 billion via 2025 with a CAGR of seven.58%. The arranged marketplace within the papad section is valued at ₹ 23 billion and is increasing at a CAGR of 10%.

Strengths of the Corporate

  • The corporate has a well-established emblem title in conjunction with a powerful pan-India presence.
  • The corporate has a various product portfolio that comes with greater than 250 merchandise throughout all our product segments.
  • The corporate has Strategically situated, huge scale subtle production amenities with stringent high quality requirements.
  • The corporate has made an in depth distribution community in India through the years and has additionally established strategic preparations with retail chains in home and global markets.
  • The corporate is led via skilled promoters and a control staff.

Weaknesses of the Corporate

  • The earnings of the corporate is considerably dependent at the sale of its Bhujia merchandise. Any adjustments can have an effect on their industry. 
  • The manufacturing of the corporate is closely depending on well timed production. Any adjustments can disrupt the availability chain.
  • The corporate could also be depending on its exterior distribution community. Any disputes with those events can impede their provide chain.
  • The corporate calls for uncooked fabrics for manufacturing. Any adjustments within the procurement or costs of uncooked fabrics can impact the industry.
  • The corporate is matter to stringent rules underneath the Meals Protection and Requirements Act, 2006 (“FSS Act”). 

Bikaji Meals IPO Evaluation – GMP

The stocks of Bikaji Meals Global traded at a top class of 23.67% within the gray marketplace on November 2d, 2022. The stocks tarded at Rs 371. This offers it a top class of Rs 71 in step with proportion over the cap value of Rs 300. 

Bikaji Meals IPO Evaluation – Key IPO Knowledge

Key IPO Information

Promoters: Shiv Ratan Agarwal, Deepak Agarwal, Shiv Ratan Agarwal (HUF), and Deepak Agarwal (HUF)

Ebook Operating Lead Managers: JM Monetary Restricted, Axis Capital Restricted, IIFL Securities Restricted, Extensive Fiscal Products and services Personal Restricted, and  Kotak Mahindra Capital Corporate Restricted.

Registrar To The Be offering: Hyperlink Intime India Personal Restricted

Details Main points
IPO Measurement ₹881.22 Crore
Recent Factor
Be offering for Sale (OFS) ₹881.22 Crore
Opening date November 3, 2022
Final date November 7, 2022
Face Worth ₹1 in step with proportion
Value Band ₹285 to ₹300 in step with proportion
Lot Measurement 50 Stocks
Minimal Lot Measurement 1 (50 Stocks)
Most Lot Measurement 13 (650 Stocks)
List Date November 16, 2022

The Function of the Factor

The Web Proceeds from the Recent Factor are proposed to be applied for:

  • Succeed in the advantages of list the Fairness Stocks at the Inventory Exchanges;
  • Perform the Be offering for Sale of as much as 29,373,984 Fairness Stocks via the Promoting Shareholders. 

In Final

On this article, we checked out the main points of Bikaji Meals IPO Evaluation 2022. Analysts stay divided at the IPO and its possible positive aspects. This can be a just right alternative for traders to seem into the corporate and analyze its strengths and weaknesses. That’s it for this put up.

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