 "initial public offerings")
Bikaji Foods International, a leading manufacturer of snacks and sweets, has filed preliminary papers with markets regulator Sebi for an initial public offer estimated to be worth Rs 1,000 crore.
Certain shareholders of the Rajasthan-based company, including two promoters, plan to offload around 2.94 crore shares through the Offer For Sale (OFS) route.
Bikaji was the largest manufacturer of Bikaneri bhujia with annual production of 26,690 tonne in fiscal 2021 and is a leading maker of packaged rasgulla, soan papdi and gulab jamun, according to the Draft Red Herring Prospectus (DRHP) filed with Sebi.
The company plans to sell up to 2,93,73,984 shares
