Bikaji Foods IPO Review & Recommendations

Apply for Long Term at Cut-off Price

FMCG stocks are my darling. Applying with full force despite low GMP (33) and high asking price (PE is 92+).

Apply for Listing Gain at Cut-off Price

Better FMCG Companies are available. Just apply for listing gains and if it surges beyond expectations on listing day, keep modifying the SL and wait for it to peak and then exit.

Apply for Listing Gain at Cut-off Price

Grey market Mein Sale karke Apply karo.
OFS hai Company k Pass kuch Aane wala nhi hai. Bikaji ke Promoters Maalamaal.

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Avoid

Instead of applying in such poor quality IPO like Fusion and Global health its better to buy good quality scrips from secondary market which are trading at cheap valuations. Few of my suggestions to buy would be : Sanofi India, Johnson Control, Tamilnad Merchantile Bank, GE T&D India, Bector Foods, Railtel etc,

Neutral

Very low margin business operating in highly competitive market. Very high PE (119). Nothing left on the table for listing gains to Medium term Investment.

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Apply for Long Term at Cut-off Price

Long term retail investors will at least not loose their money like Adani Power having to sell Assets. This company assets is good, will not fraud with investor money, and low burrowing. Expect low profit because you have to sell this product which have high compitiors.

Apply for Listing Gain at Upper Price Band

Must Apply

Avoid

Looking at experience of Pratap snacks and similar business challanges not convinced about subscription. Too high price to book ratio.
Owners belong to Haldiram clan but decided to give up claim to the name. That tells us about brand value concept of current owners
I would rather be selling in grey. Will take a cover in position if warranted post subscription. GMP does not correspond to fundamentals and visible risk by listing date

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Apply for Listing Gain at Upper Price Band

As per now sureshot listing gain, book the profit, allow to stabilize and re-enter within two-three months.

Avoid

Just a pure breakout for investors, however good market but controlled by various local, domestic players and needs large business infrastructure and logistics to handle business.
Low Profit margins, Networth consist mostly debtors and asset managed by firm

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