Get ready to leave money in your bank account, this time it will earn an IPO! Opportunity for you from November 3rd

[ad_1]

Upcoming IPO: Snacks and sweets company Bikaji Foods International Limited is also set to go public soon. Bikaji Foods International is about to launch an IPO on the stock market soon. That is, if you invest in the stock market, there is a strong earning opportunity for them. The company announced an IPO. The company’s IPO will open on November 3, and investors will be able to invest here until November 7. Through the IPO, the company plans to raise Rs 881 crore. Speaking about the latest information about the company’s IPO, the company has released a price range.

Bikaji Foods IPO: what is the price range

The company has maintained a price range of Rs 285 to Rs 300 per share for its IPO. The company will raise Rs 881 crore through this IPO. The company said that this IPO is entirely an offer of sale (OFS). At the same time, 2.94 crores of shares will be issued. These shares will be divided between the founders and existing shareholders.

Watch Zee Business Hindi Live TV here

The promoter will issue 25,000 shares

The company’s founders Shiv Ratan Agarwal and Deepak Agarwal will issue 25,000 shares each. Apart from this, other institutions will also issue their own shares. These include India 2020 Maharaja Limited, Intensive Software Limited, IIFL Special Opportunities Fund and Avendus Future Leader Fund.

you can invest as much

According to the information provided by the company, if this IPO is fully OFS, the company will not use the amount received from it. In addition, investors can invest at least 14,250-15,000 rupees here. That is, you need to buy at least 50 shares.

What does the company do?

Bikaji manufactures Bikaneri Bhujia and is the largest manufacturing company in the country. This company produces 29380 tons per year every year. In addition, this company also sells packaged rasgulla, sonpapadi and gulab jamun.



[ad_2]

Source link

Leave a Comment