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Bikaji as a brand was launched by Shiv Ratan Agarwal in 1993. The brand has a market leadership in the ethnic snacks market in Rajasthan, Assam, and Bihar

Analysts believe the asking IPO valuations are expensive, but they largely have a ‘subscribe’ rating on the issue, thanks to Bikaji’s strong brand recall and strong top and bottom line growth

Bikaji Foods IPO: The grey market premium (GMP) of Bikaji Foods International stands at Rs 75 today, according to IPO Watch. This implies that the stock is likely to be listed at Rs 375, a premium of 25 per cent over the IPO price

Bikaji Foods IPO will open for subscription for investors on Thursday and will conclude on Monday, November 10. The IPO listing is likely by November 16.

Rajasthan-based snack brand was launched in 1993 and has operations in 22 states and three union territories in India.