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Bikaji Foods International debuts on Dalal Street with 8% premium on issue price


Shares of Bikaji Foods debuted on the NSE at around an eight percent premium to the upper end of its price range.

Bikaji Foods International debuts on Dalal Street with 8% premium on issue price

To buy to sell Bikaji Foods to share

Bikaji Foods International – a Rajasthan-based FMCG – made a decent secondary market debut on Wednesday, with the stock trading at a 7-8% premium to its IPO price range. On the BSE, Bikaji Foods shares are quoted at 321.2 rupees each, a premium of 7.1%.

The stock started its journey on NSE at Rs 322.8 apiece – 7.6% above Rs 300, the upper end of its issue price range.

The snack maker’s IPO, worth up to Rs 881 crore, closed earlier this month with an aggregate subscription of 26.7 times the shares on offer.

By the end of the final day of the bidding process, the IPO received bids for 55 crores of shares against the 2.1 crores of shares on offer, with a solid response from qualified institutional buyers, according to preliminary exchange data.

The IPO was available for three trading days until November 4. The initial sale of the shares was entirely an offer to sell by existing shareholders, meaning the company will not receive any proceeds from the issuance.

Prospective investors could bid for shares of Bikaji Foods International in a price range of Rs 285-300 each in multiples of 50 as part of the IPO – which translates to Rs 14,250-15,000 per lot .

Bikaji Foods International debuts on Dalal Street with 8% premium on issue price

The stock of Global Health (Medanta) listed on the stock market at a premium of around 19% on the same day:


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