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The initial public offering (IPO) of Bikaji Foods International closed on Monday, November 7, 2022 and now all eyes are on the finalization of basis of share allotment of Bikaji Foods IPO is expected to take place this week on Friday, November 11, 2022.
The public issue was 26.67 times by the last day of subscription. The ₹881-crore IPO received bids for 55,04,00,900 shares against 2,06,36,790 shares on offer, as per data available with the NSE. The Qualified Institutional Buyers (QIBs) category received 80.63 times subscription, while the non-institutional investors category was subscribed 7.10 times and Retail Individual Investors (RIIs) was subscribed 4.77 times.
As per market observers, Bikaji Foods shares are commanding a premium (GMP) of ₹35 in the grey market today. The shares of the company are expected to list on leading stock exchanges BSE and NSE on Wednesday, November 16, 2022.
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(This story has not been checked by Kashmir Bulletin and is auto-generated from other sources)
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