Bikaji Foods IPO: Subscription closes today; check GMP, allotment online

tech.hindustantimes.com:

Investors and bidders have the last chance to bid for the initial public offering (IPO) of the Bikaji Foods International Ltd today. The IPO opened for subscription on Thursday, November 3, 2022, and today (Monday, November 7, 2022) is the final day of the bidding process. It can be known that Bikaji Foods IPO got fully subscribed on the second day of its subscription. Coming to the Grey Market Premium (GMP), according to market observers, shares of Bikaji Foods are at a premium of Rs. 40 today, as per a report by Live Mint.

After two days of the bidding process, the public issue worth Rs. 881.22 crore has been subscribed 1.48 times whereas its retail portion got subscribed 2.33 times. 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:

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.

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