Bikaji Foods International Limited IPO
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Bikaji Foods International IPO Review
Bikaji Foods International Limited was incepted in the year 1993 and is the third largest ethnic snacks company in India with an international footprint, selling Indian snacks and Sweets. It is the second fastest growing company in the Indian organised snacks market.
In Fiscal 2022, they were the largest manufacturer of Bikaneri bhujia with annual production of 29,380 tonnes and the second largest manufacturer of handmade papad with an annual production capacity of 9,000 tonnes. It is also the third largest player in the organised sweets market with the annual capacity of 24,000 tonnes for packaged rasgulla, 23,040 tonnes for soan papdi and 12,000 tonnes for gulab jamun.
Bikaji Foods Products and Services
Bikaji foods product range has six principal categories: bhujia, namkeen, packaged sweets, papad, western snacks and other snacks which primarily include gift packs (assortment), frozen food, mathri range and cookies. In the three months ended as on June 30, 2022, they have exported their various products to 21 international countries, including countries in North America, Europe, Middle East, Africa, and Asia Pacific, representing 3.20% of the sales of food products in such period.
Financial Overview
As per the balance statement of the company, their assets are increasing but their decline in sale in the as on Mar 2022 raises a bit concern. Investors may apply for this IPO after doing the required research.
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