Bikaji Foods IPO Share Allotment Today: The allotment of shares in the Initial Public Offer (IPO) of Bikaji Foods International is scheduled to take place today (11 November). The issue was opened for public subscription on 3 November. The public issue of Rs 881 crore was booked 26.67 times till the last day of subscription. It received bids for 55,04,00,900 shares as against 2,06,36,790 shares on offer. The price band was fixed at Rs 285-300 per share.
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The IPO of Bikaji Foods is purely an offer-for-sale (OFS) of 29,373,984 equity shares by its promoters and existing shareholders. The company will not get any proceeds from the issue. As per the timeline given in the red herring prospectus (RHP), the company is likely to finalize the allotment on Friday.
Bikaji GMP Today
Unlisted shares of Bikaji Foods were available on Friday in the gray market at Rs 335, which is Rs 35 (premium) above the ceiling of the upper price band of Rs 300. The company’s shares are expected to be listed on the stock. BSE and NSE exchanges on Thursday, November 16, 2022.
Bikaji Foods IPO: How to check allotment status
Those who have subscribed for Bikaji Foods IPO allotment can check IPO application status online. There are two options available for this – first to visit the official website of Bombay Stock Exchange (BSE) and second to use the direct link.
How to Check Bikaji Foods IPO Allotment Status through BSE Website
1) Visit the official website of BSE through the URL —https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Select ‘Bikaji Foods’ in Dropbox under ‘Issue Name’.
4) Enter your Application Number, or Permanent Account Number (PAN).
5) Then, to verify yourself click on ‘I am not a robot’ and hit on ‘Search’ option.
The status of your share application will appear on your screen.
Bidders can also check the allotment status on the online portal of Link Intime India – the official registrar of Bikaji Foods IPO.
How to Check Bikaji Foods IPO Allotment Status through Link Intime India
1) Visit Link Intime’s web portal India Private Limited – https://www.linkintime.co.in/IPO/public-issues.html.
2) IPO in Dropbox – Select ‘Bikaji Foods IPO’. It is to be noted that the IPO name will be populated only after the allotment is finalised.
3) Select any one of the three options: ‘PAN’ or ‘Application Number’, or ‘DP Client ID’.
4) In Application Type, choose between ASBA and Non-ASBA.
5) Enter the details of the mode you have selected in Step 2.
6) In the next step fill the captcha and click on the ‘Search’ button.
The status of your Bikaji Foods IPO application will appear on the screen.
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