Bikaji Foods IPO: Here’s how you can check the allotment status

• The FMCG brand Bikaji Foods is likely to announce its share allotment status today.
• Overall, the IPO saw strong demand from investors amidst volatile market conditions, being subscribed 26.67 times.
• The shares will be listed on November 16 on the exchanges.

FMCG company Bikaji Foods International is likely to announce the allotment status of its initial public offering (IPO) on Friday.

Overall, the IPO saw strong demand from investors amidst volatile market conditions, being subscribed 26.67 times.

The qualified institutional buyer portion was subscribed 80.63 times. The portion reserved for non-institutional investors witnessed a subscription of 7.10 times. Retail portion saw poor demand as it had a subscription of just 4.77 times.

The grey market premium (GMP) for the company’s shares, however, were at ₹35.

The company will not receive any funds from the ₹881 crore IPO as it is a complete offer for sale by promoters and shareholders.

Bikaji Foods’ products fall broadly into six categories – bhujia, namkeen, packaged sweets, papad, western snacks as well as gift packs (assortments), frozen food, mathri range and cookies.

Here is how to check Bikaji Foods IPO allotment status on the stock exchange websites:

• Go to the BSE website or NSE website here.
• On BSE, Select 'Equity' and then from the dropdown, select ‘Bikaji Foods’.
• Now, enter your application number and PAN.
• Click on 'Search'.
• Please note the details will only be available once the shares are allotted.

You can also visit the registrar website (Link Intime India) to check your application status.

• Visit the registrar's website here.
• Click on 'Select company' and click on ‘Bikaji Foods’.
• Once the company is selected, you will have to enter either your PAN details, the application number, or the client ID.
• Enter the captcha code and click ’submit’.

Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

SEE ALSO: Five Star Business Finance IPO subscribed 32% on day 2
Archean Chemical Industries IPO subscribed 1.43 times on day 2