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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
New Delhi, Nov 3: Manufacturer of snacks and sweets Bikaji Foods International Ltd has mobilised Rs 262 crore from anchor investors. The company’s initial share-sale is open for public subscription from Thursday and will conclude on November 7. The firm has decided to allocate 87.37 lakh equity shares to anchor investors at Rs 300 apiece, aggregating the transaction size to Rs 262.11 crore, according to a circular uploaded on BSE’s website on Thursday evening. Eastspring Investments, BNP Paribas, Morgan Stanley, […]
The Securities and Exchange Board of India (SEBI) has penalised five former independent directors of Bombay Dyeing and Manufacturing Company (BDMCL)
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.
Manufacturer of snacks and sweets Bikaji Foods International Ltd on Monday said it has fixed a price band of Rs 285-300 a share for its Rs 881-crore initial public offering (IPO).