IPO of Bikaji Foods opening on 3 November, the company has fixed the price band of Rs 285-300!

Bikaji Foods IPO: If you like to invest in IPO, then there is a golden opportunity for you. Bikaji Foods International Limited, a company that makes snacks and sweets in the country, is coming up with its IPO. Bikaji on Monday has fixed the price band of the upcoming IPO between Rs 285 and Rs 300 on 3 November 2022. This Initial Public Offer (IPO) will open on 3 November 2022 and then it will close on 7 November 2022. Let us tell you that according to the upper price brand, the size of Bikaji IPO is Rs 881.22 crore.

Fresh shares will not be issued for IPO!
This IPO of Bikaji Foods International Limited is an offer for sale ie OFS. The company will not issue any new shares through this IPO. In such a situation, now all the shares will be put up for sale for its promoters and existing shareholders. Under OFS, the promoters of the company Shiv Ratan Agarwal and Deepak Agarwal will sell their shares worth Rs 25 lakh each.

The remaining shares worth Rs 2.43 crore have been kept for the existing investors of the company. Along with this, let us tell you that in Bikaji IPO, you are required to bid for at least 50 shares. In such a situation, for retail investors, 50 shares will have to pay Rs 15,000 for bidding of Rs 300. On the other hand, for the maximum purchase of 13 lots, a total of Rs 1.95 lakh will have to be bid. The company’s shares will be listed on BSE and NSE on 16 November 2022 (Bikaji Foods IPO Listing Date). At the same time, the allotment of company shares took place on 11 November 2022.

What is Bikaji IPO GMP?
Bikaji Foods International Limited GMP i.e. Gray Market Premium is Rs.81. According to Exerts, there is still two days left for the launch of the IPO, but GMP is showing hope among the investors in the market. It is worth noting that the sentiment of the stock market investors is linked to the gray market and the primary market. In such a situation, before the IPO opens on November 3, investor confidence is expected to strengthen further.

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