Bikaji Foods International Limited IPO Message Board (Page 1)

Earnings call on 6 Dec, for Un-Audited Standalone and Consolidated Financial Results for the quarter and half year ended on September 30, 2022.

The good run should continue for some more time.

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It is still very big puzzle for me what price it actually deserves, though it is very prominent food sector overall, but there are much more value buys already available example if we take ITC itself, it is value bet with multiple segments also with western snack business as one vertical..
Also, if bikaji so successful in equity markets, why the siblings will spare this for long, companies like Haldiram, Bikano, Bikaneer etc etc etc. will queue up in the market in coming months or years.,
In south at least, this brand or packaged ethnic snacks consumption is very very less, almost everybody prefer to walk into a conventional street corner sweet shop and get some snack which is freshly made instead of something with preservatives and nitrogen gas puffy packed.. no difference with even financial state of people in this, middle class buy from small shops, riches buy from organized big sweet shops, thats it..
Technically this segment is too general and anyone can enter (local companies) easily, Until my recent abroad trips, I never know there is a Bikano company, and until IPO, same with Bikaji...
But in South, everyone knows Haldiram, exists from many years in markets.
These are only based on my personal experience / keen observations around me, not for discouraging the Bikaji investors / any investing decision.
Disclr: I sold 4 retail lots on listing day, Happy to be proven wrong here and wishing long term investors to mint more money in coming days.

Upper Circuit kyo lag gaya ajh isme
koi toh bata do?

Short sellers trapped badly by operators typical game

good

Bikaji on fire today 🔥 Sold all holdings at UC @344.75.

Any particular reason for this sudden jump?

Still orders of 7.5L shares pending!!! Somebody found gold in Bikaji packets or what?? 😂

What happened today?

UC in bikaji.

Sold all 2100 shares.. average price 327.

Placed SELL Orders as under:

100 @ 309
100 @ 319
300 @ 329
100 @ 339
50 @ 349

Let us see where these order will end up.

Just put 312 stop loss. exit if hit UC

Stop loss hit and exited @312. Had increased stop loss to 320 but finally I was convinced at 312 which I set today..

Very poor listing. Subscription figure and demand was great in all categories compared to Medanta.

Medanta rocking and Bikaji sinking.
80x QIB demand also remain failed to generate 10% listing gain. Surprising to close below listing price.

Stay away

@Sinewave, just don't go only by the numbers.
Issue Size: Bikaji - 881 cr vs Medanta - 2200 cr
Medanta issue is 2.5 times bigger than Bikaji. If we see actual equivalent figures with factor of 2.5 then
Bikaji (QIB-80; NII-7; Retail-4.7) vs Medanta (QIB-72; NII-10; Retail-2.2)
Medanta demand was equally good as Bikaji. Only difference is Bikaji issue price was greedy at 120 PE ratio leaving not enough on the table for listing gains.
Irrespective of listing gains, both Bikaji and Medanta are good long term bets.

GOLDMAN SACHS FUNDS - GOLDMAN SACHS INDIA EQUITY PORTFOLIO Bought 17,45,354 shares @ 324.5

@Earthking yes if tomorrow market conditions are favourable bikaji can give 5-6% upmove due to this block deal

As expected it moved 5% up booked all 4 lots @ 330.5

Today Deepak Agarwal MD has given interview to Zee business and said cagr will be 20% for next 1-3 years and margins will also be double digit and today delivery percentage is Aprox 50%. I have not sold shares allotted in ipo.

Just an humble opinion from a learner. It's always wise to accept market's decision. Should exit whenever one gets verdict on listing day. Going against it will always lead to regret. Better to utilise opportunity when given one (exit). Market is due for correction and it's not wise to hold an Ok listing IPO. Just a small lesson learnt in few IPOs.

@AmateurInvestor, well all I can say is that you should have held the shares.
Though I had to sell today due to shortage of funds.. otherwise I would have kept them for long.

Attractive subscription figure and smaller size compared to Medanta also remain failed to generate demand for a superior listing.

Poor operator....

Closing below listing price is not good signal.

My Bikaji Ipo Money stiil hold not remove in sbi bank accout please help @Monster Zero

Share not alloted to me in Bikaji but sbi still not removed hold. Where to complaint please suggest

Visit Sbi net banking portal...file a complaint against UPI .. explain the reason in brief.. within 48 hours funds will be unblocked

IPO Gurus @lokes @monster bhai advise for long term hold of bikaji..

I told before listing..10-15% milega...usse jyada short term me possible nhi hai.

tepid listing as expected sold half and rest hold for the target of 350 or more.

soldall avg 326.5

Closing can be lower than listing.
Better to exit early.

Closing lower than listing

In my view, expected listing range is around 340 to 345 approx...
Whoever allotted, try to hold your shares and don't run for selling in preopen or after listing, try booking partial profits only instead of complete sell....
QIB subscription 80 times should definitely create good demand...FMGC sector normally carries high PE so shouldn't be much worry here of high PE....hold for some months for 380-400 targets....or book partial profit above 350 in short term...

@ipogainer: you are right, nothing like free its my profit money only...
@aspirant: yes you are right regarding hold for longer but as you said its good for fundamentally strong companies...
Here my target was 380-400 only in short term as mentioned which is achieved so i am selling...
Sold 50 more at 402 rs on Friday...now 150 left, will sell them too soon...
I am taking actions as per my targets, capital management, company profile and future prospects everything...

nice

Sold 1 lot.exited all. Now time for archean