Bikaji Foods International has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise up to Rs 1000 crore through an initial public offering (IPO).
JM Financial, Axis Capital, IIFL Securities, Intensive Fiscal Services and Kotak Mahindra Capital Company are the book running lead managers to the issue. The listing will enhance the company’s visibility and brand image as well as provide a public market for the equity shares in India.
Bikaji Foods International is the largest manufacturer of Bikaneri bhujia, packaged rasgulla, soan papdi and gulab jamun.
