In today’s briefing:
- Bikaji Foods IPO Lock-Up – Small Expiry with a Chance to Lift the Overhang
Bikaji Foods IPO Lock-Up – Small Expiry with a Chance to Lift the Overhang
- Bikaji Foods (BIKAJI IN), an ethnic snacks company, raised approximately US$107m in its India IPO. The stock was listed on 16th Nov 2022, its six-month lockup will expire soon.
- Bikaji was the third largest ethnic snacks company in India and the second fastest growing company in the Indian organized snacks market in FY22, as per Frost & Sullivan (F&S).
- In this note, we will talk about the lock-up dynamics and updates since our last note.
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