In today’s briefing:
- Bikaji Foods International IPO – At an Equally Spicy Valuation
Bikaji Foods International IPO – At an Equally Spicy Valuation
- Bikaji Foods (BIKAJI IN) , an ethnic snacks company, is looking to raise approximately US$107m in its India IPO.
- Its product range includes six principal categories: bhujia, namkeen, packaged sweets, papad, western snacks as well as other snacks which primarily include gift packs, frozen food, mathri range and cookies.
- In our previous note, we looked at the company’s past performance. In this note, we’ll talk about implied valuations.
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