Bikaji Foods International, a company that makes sweets and snacks, is coming up with its IPO. The company is about to file a draft Red Herring Prospectus to bring an IPO (Intial Public Offering) with the stock market regulator SEBI. It is believed that it is planning to raise Rs 1,000 crore from the market for the IPO. Through this IPO, the company is expected to get a valuation of one billion dollars i.e. Rs 7500 crore.
JM Financial to bring Bikaji Foods International IPO of Rajasthan. IIFL Securities has been appointed as the banker for the IPO. The IPO will mainly sell stake by existing investors for Offer for Sale.