Bikaji Foods International shares will soon hit secondary markets. The Bikaji Foods International IPO listing date on 16 November 2022 is very likely.
India's largest FMCG brands were subscribed to 26.67x, while their QIB section was subscribed 80.63x to the company's offer.
Bikaji Foods IPO listing date is now in sight, after the allotment.
The grey market is giving away hints ahead of the listing date about what kind of listing FMCG brands might have.
Market observers believe that shares of Bikaji Foods International trade at a premium between Rs35 and Rs40 on the grey market.
According to market observers, the Bikaji Foods IPO grey markets premium (GMP), has oscillated around Rs35-40 over the past three days.
According to market observers, the Bikaji Foods IPO grey markets premium (GMP), has oscillated around Rs35-40 over the past three days.
They stated that the current Bikaji Foods IPO GMP is around Rs35-40 per equity share. This could rise further if Dalal Street's bull trend continues.
They added that investors had responded strongly to the IPO and that positive sentiments on the secondary market could lead to a positive debut for Bikaji Foods shares.
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