Bikaji Foods IPO opens today: Know GMP, how to subscribe, other details here

The Bikaji Foods IPO has opened for subscription today. Investors can subscribe for the public issue online. Here are the details you need to know.

Bikaji Foods IPO opens for subscription today. Check details. (bikaji.com)

The initial public offering (IPO) of the Bikaji Foods International Ltd's opened for public subscription today, Thursday, November 3, 2022. Investors have three days time to subscribe or bid for the public issue as the three-day issue will conclude on Monday, November 7, 2022. The price band of the IPO has been fixed in the range of Rs. 285 to Rs. 300 per share for its Rs. 881 crore-initial share sale. Coming to the Grey Market Premium (GMP), as per market observers, Bikaji Foods shares are commanding a premium of Rs. 52 in the grey market today.

Bikaji Foods IPO comprises 2.93 crore shares in the public issue, which will be a pure offer for sale (OFS) by its promoters and existing shareholders. At the upper end of the price band, the IPO is expected to fetch Rs. 881 crore. Once the three day bidding process ends, the share allotment status is likely to be finalised on November 11, 2022. While, the shares of the company are expected to list on leading stock exchanges BSE and NSE on Wednesday, November 16, 2022.

After the declaration of the share allotment status of the Bikaji Foods IPO, investors and bidders of the issue will be able to check it online via BSE or the registrar of the IPO that is- Link Intime India Private Ltd. Also, you can subscribe for the issue online via several third-party applications like Groww, Upstox, among others. Here are the steps you can follow:

Bikaji Foods IPO: How to apply via Upstox

1. Login at Upstox app or visit the official website.

2. Go to Discover tab and then click on the option saying Invest in IPOs.

3. You will see three options on your home screen- Overview, Timeline, and Apply.

4. Click the apply option and you will be redirected to the application page.

5. Fill the form with required details and click at Proceed.

6. Click on it and the application for the IPO will get submitted successfully.

Bikaji Foods IPO: How to apply via Groww

1. Login to the application and click on the IPO tab.

2. Select Bikaji Foods IPO and click on Apply. You will then have to place your bid and mention the lots.

3. Choose cut-off price and then select investor type.

4. Enter your UPI ID and accept the mandate.

Bikaji Foods IPO: How to apply via Zerodha

Step 1:

Login to the Zerodha app and select Bikaji Foods IPO.

Step 2:

Enter your UPI ID and click on the bid option.

Step 3:

Next you will have to choose the investor type, enter lot size and cut off price.

Step 4:

Then click on Confirm and then Submit button.

Step 5:

After submission, you are advised to accept the mandate request for continuation of the proceedings with the public issue.