How will the issue of Bikaji Foods International be?

Bikaji Foods, a popular brand for ready to eat (RTE) snacks and ethnic savouries, has filed DRHP for its proposed IPO. Bikaji Foods, based out of Rajasthan will raise funds at a valuation of $1 billion. Early investors include Avendus, Axis, IIFL and Lightspeed Ventures. The 2 principal promoters of the company; Shiv Ratan Agarwal and Deepak Agarwal, hold 78.8% stake Bikaji Foods International.

Bikaji has 6 manufacturing units spread across Rajasthan, Assam and Karnataka and prepares 400 tonnes per day of snacks across 300 products. In terms of sales mix, Namkeen leads the way with 37% sales share followed by Bhujia at 32%, sweets at 14% and papad at 10%. JM Financial, IIFL Securities and Intensive Fiscal will be the lead managers to the proposed issue.