The company has garnered Rs 262.11 crore from anchor investors ahead of its initial share sale

The company informed the bourses that it allocated 87,37,194 shares at Rs. 300 per share on Wednesday, November 02, 2022, to anchor investors.

 Bikaji Foods International Limited is the third largest ethnic snacks company in India with an international footprint, selling Indian snacks and sweets, and the second fastest growing company in the Indian organised snacks market has garnered Rs 262.11 crore from anchor investors ahead of its initial share sale that opens for public subscription on Thursday, November 03, 2022.

The company informed the bourses that it allocated 87,37,194 shares at Rs. 300 per share on Wednesday, November 02, 2022, to anchor investors.

Foreign Portfolio Investors and Institutions who participated in the anchor were Eastspring Investments, BNP Paribas, Morgan Stanley, Government of Singapore, Nomura, Blackrock, Neuberger Berman, Carmignac, Goldman Sachs, Bay Capital and Kotak Funds

In addition, shares have been allocated to domestic funds i.e Tata Mutual Fund, Aditya Birla Sun Life, Canara Robeco, ICICI Prudential MF, WhiteOak Capital, Nippon Life India, Kotak MF , Quant MF, HDFC MF, Edelweiss MF were the mutual funds that participated in the anchor book.

The Insurance companies who participated were Max Life and ICICI Pru Life.

Out of the total allocation of 8,737,194 equity shares to the anchor investors, 3,683,565 equity shares were allocated to 10 mutual funds through 17 schemes amounting to Rs 110.51 crore i.e. 42.16% of the Total Anchor Book Size.

JM Financial Limited, Axis Capital Limited, IIFL Securities Limited, Intensive Fiscal Services Private Limited and Kotak Mahindra Capital Company Ltd are the book running lead managers to the issue.