Check Bikaji Foods IPO allotment online; know GMP, subscription, how to apply and more

Have you subscribed for the initial public offering (IPO) of the Bikaji Foods International Ltd yet? The IPO opened for subscription on Thursday, November 3, 2022, and today is the 2nd day of the bidding process. The issue will conclude on Monday, November 7, 2022. The Bikaji Foods IPO has been subscribed 0.67 times after the first day of the bidding process. Coming to the Grey Market Premium (GMP), as per market observers, Bikaji Foods shares are trading at Rs. 27 in the grey market today, according to a report by Live Mint.

It can be known that on the first day of the subscription process, the portion reserved for retail investors has been subscribed 1.10 times, NII has been subscribed 0.58 times while the portion reserved for QIB has been subscribed 0.01 times. It can be known that 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.

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, Zerodha, among others. Here are the steps you can follow:

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

1. Login to the Zerodha app and select Bikaji Foods IPO.

2. Enter your UPI ID and click on the bid option.

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

4. Then click on Confirm and then Submit button.

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