November 3, 2022 - November 7, 2022

Bikaji Foods IPO Basis of Allotment

	BIKAJI FOODS INTERNATIONAL LIMITED

Our Company was originally incorporated as "Shivdeep Industries Limited" as a public tailed company under the Companies Act, 1956 at Bikaner, pursuant to a certificate of incorporation dated October 6, 1995 issued by the Registrar of Companies Rajasthan at Jaipur ("RoC") and received a certificate of commencement of business from the RoC on October 27, 1995. following our conversion from the erstwhile partnership firm, "Shivdeep Food Products'' to "Shivdeep Industries Limited". Subsequently, the name of our Company was changed from "Shivdeep Industries Limited" to "Bikaji Foods International" Limited pursuant to the Shareholders' resolution dated September 8, 2011 and a fresh certificate of incorporation dated October 5, 2011 was issued by the RoC to reflect the change in name. For further details including in relation to changes in name and registered office of our Company, see "History and Certain Corporate Matters''on page 181 of the Prospectus of the Company dated November 10, 2022 filed with the RoC (‘Prospectus').

Registered Office: F 195-199, F 178 8 E 158, Bichhwal Industrial Area, Bikaner - 334 006 Rajasthan, India;-Corporate Office: Plot No. E-558-561, C 569-572, E -578-577, F-585-592, Kami Extension, RIICO Industrial Area, Bikaner - 334 004 Rajasthan, India
Telephone: +91 151 -2259914; Contact Person: Divya Navani. Company Secretary and Compliance Officer; Telephone: +91 151 -2250350; E-mail: cs@bikaji.com : Website: www.bikaji.com : Corporate Identity Number: U15499RJ1995PLC010856
PROMOTERS OF OUR COMPANY: SHIV RATAN AGARWAL, DEEPAK AGARWAL, SHIV RATAN AGARWAL (HUF) AND DEEPAK AGARWAL (HUF)

Our Company has filed the Prospectus dated November 10, 2022 with the RoC, and the Equity Shares are proposed to be listed on the National Stock Exchange of India Limited ("NSE"). and BSE Limited ("BSE") and trading is expected to commence on November 16, 2022.

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFERING OF 29,373,984 EQUITY SHARES OF FACE VALUE OF Rs 1 EACH ("EQUITY SHARES") OF BIKAJI FOODS INTERNATIONAL LIMITED (THE "COMPANY" OR THE ISSUER") FOR CASH AT A PRICE OF Rs 300 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs 299 PER EQUITY SHARE) ("OFFER PRICE") AGGREGATING TO Rs 8,808.45 MILLION (THE "OFFER"). THE OFFER COMPRISED AN OFFER FOR SALE OF 29,373,984 EQUITY SHARES ("OFFERED SHARES") AGGREGATING TO Rs 8,808.45 MILLION, COMPRISING 2,500.000 EQUITY SHARES AGGREGATING TO Rs 749.68 MILLION BY SHIV RATAN AGARWAL. 2,500.000 EQUITY SHARES AGGREGATING TO Rs 749.68 MILLION BY DEEPAK AGARWAL (SHIV RATAN AGARWALAND TOGETHER WITH DEEPAKAGARWAL, COLLECTIVELY REFERRED TO AS THE "PROMOTER SELLING SHAREHOLDERS"), 12,110.967 EQUITY SHARES AGGREGATING TO 73,631.74 MILLION BY INDIA 2020 MAHARAJA. LIMITED ("INDIA 2020 MAHARAJA"), 50,000 EQUITY SHARES AGGREGATING TO 714.99 MILUON BY INTENSIVE SOFTSHARE PRIVATE LIMITED ("INTENSIVE SOFTSHARE"), 3,110.056 EQUITY SHARES AGGREGATING TO Rs 932.62 MILLION BY IIFL SPECIAL OPPORTUNITIES FUND, 1,995.552 EQUITY SHARES AGGREGATING TO Rs 598.41 MILLION BY IIFL SPECIAL OPPORTUNITIES FUND- SERIES 2,976,179 EQUITY SHARES AGGREGATING TO Rs 292.73 MILLION BY IIFL SPECIAL OPPORTUNITIES FUND- SERIES 32,753,339 EQUITY SHARES AGGREGATING TO Rs 825.65 MILUON BY IIFL SPECIAL OPPORTUNITIES FUND- SERIES 4 AND 2,162,226 EQUITY SHARES AGGREGATING TO Rs 648.39 MILLION BY IIFL SPECIAL OPPORTUNITIES FUND- SERIES 5 (COLLECTIVELY, "IIFL FUNDS"), 1,215,665 EQUITY SHARES AGGREGATING TO Rs 364.54 MILLION BY AVENDUS FUTURE LEADERS FUND I ("AVENDUS") (INDIA 2020 MAHARAJA. INTENSIVE SOFTSHARE, IIFL FUNDS AND AVENDUS, COLLECTIVELY REFERRED TO AS THE "INVESTOR SELLING SHAREHOLDERS", (INVESTOR SELLING SHAREHOLDERS TOGETHER WITH THE PROMOTER SELLING SHAREHOLDERS, COLLECTIVELY REFERRED TO AS THE "SELLING SHAREHOLDERS" AND SUCH OFFER, THE "OFFER FOR SALE"). THE OFFER FOR SALE INCLUDED A RESERVATION OF 250,000 EQUITY SHARES, AGGREGATING TO Rs 71.25 MILLION, FOR SUBSCRIPTION BY EUGIBLE EMPLOYEES CONSTITUTING 0.10% OF OUR POST-OFFER PAID-UP EQUITY SHARE CAPITAL ("EMPLOYEE RESERVATION PORTION"). THE OFFER LESS THE EMPLOYEE RESERVATION PORTION IS HEREINAFTER REFERRED TO AS THE "NET OFFER". OUR COMPANY AND THE SELLING SHAREHOLDERS, IN CONSULTATION WITH THE BOOK RUNNING LEAD MANAGERS. OFFERED A DISCOUNT OF Rs 15 ON THE OFFER PRICE TO ELIGIBLE EMPLOYEES BIDDING IN THE EMPLOYEE RESERVATION PORTION ("EMPLOYEE DISCOUNT"). THE OFFER AND THE NET OFFER SHALL CONSTITUTE 11.77% AND 11.67%. RESPECTIVELY. OF THE POST-OFFER PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY. THE FACE VALUE OF THE EQUITY SHARE IS 71 EACH. THE OFFER PRICE IS 300 TIM ES THE FACE VALUE OF THE EQUITY SHARES.

ANCHOR INVESTOR OFFER PRICE: Rs 300 PER EQUITY SHARE OF FACE VALUE OF Rs 1 EACH
OFFER PRICE: Rs 300 PER EQUITY SHARE OF FACE VALUE OF Rs 1 EACH
THE OFFER PRICE IS 300 TIMES OF THE FACE VALUE
Risks to Investors

1. The weighted average cost of acquisition is as follows:

Period	Weighted average cost of acquisition (in Rs)*		Offer Price is ‘X' times the weighted average cost of acquisition		Range of acquisition price: Lowest price-Highest price (in Rs)**
Period	Promoter and Promoter Group	Selling Shareholders and shareholders entitled with right to nominate directors or any other special rights	Promoter and Promoter Group	Selling Shareholders and shareholders entitled with right to nominate directors or any other special rights	Promoter and Promoter Group	Selling Shareholders and shareholders entitled with right to nominate directors or any other special rights
Last one year	220.04	NA	1.36	NA	220.04 • 220.04	NA
Last 18 months	176.04	220.04	1.70	1.36	NIL -220.04	220.04 - 220.04
Last three years	178.20	220.04	1.68	1.36	NIL -220.04	220.04 - 220.04

Note: Please note that the details in the table above have been calculated for all the Equity Shares acquired by the Promoters, Promoter Group,

Selling Shareholders and shareholders entitled with right to nominate directors or any other special right

* On account of split of the Equity Share of face value of Rs10 into 10 Equity Shares of face value of %1 each.

^ Ms certified by M Surana & Company. Chartered Accountants, by way of their certificate dated November 10, 2022.

2. Our revenues carry risk of concentration from the sale of our bhujia products. The sale of our bhujia products contributed 32.46%, 35.51%, 34.96%, 41.15% and 34.98% of our sale of food products in Fiscal 2020, 2021 and 2022. and in the three months ended June 30, 2021 and June 30, 2022, respectively.

3. We carry risk of concentrated revenue contribution from sale of family pack stock keeping units ("SKUs"). In Fiscal 2020, 2021, 2022 and in the three months ended June 30, 2021 and June 30, 2022, sales of our family pack products (i.e. packs priced at more than Rs 10) represented 59.76%, 62.64%, 60.57%, 58.43% and 53.64% of our sale of food products, respectively.

4. Our profit and EBITDA margins carry risk of impact by a variety of factors, including but not limited to, variations in the cost of raw materials and packing materials. Our cost of materials consumed in total, including the cost of raw materials and packing material consumed constituted 67.23%, 69.57%, 70.90%, 75.39% and 74.43% of our sale of food products in Fiscal 2020, 2021 and 2022 and in the three months ended June 30, 2021 and June 30, 2022, respectively.

5. We carry geographical concentration risk as significant portion of our revenues are derived from our core markets of Rajasthan, Assam and Bihar which accounted for 72.57%, 71.43%, 71.48%, 76.43% and 74.70% of our total sale of food products in Fiscal 2020, 2021, 2022 and in the three months ended June 30, 2021 and June 30, 2022, respectively. Any adverse developments in these regions could have an adverse impact on our business, financial condition and results of operations.

6. The details of Price / Earning, EPS, RoNW and NAV as on and for the period ended March 31, 2022 is as follows:

Particulars	Price/Earning	Earnings per share (Rs)	Return on Net Worth (%)	Net Asset value per Share (Rs)
Company (Bikaji Foods International Limited)	95.24*	3.15	9.51	32.83
Average of the listed peer group companies	203.31	70.52	36.81	154.53

*At Offer Price

7. The 5 BRLMs associated with the Offer have handled 83 public issues in the past three years, out of which 25 issues closed below the offer price on the listing date respectively.

Name of BRLMs	Total Issues	Issues closed below IPO Price on listing date
JM Financial Limited*	5	1
Axis Capital Limited*	18	8
IIFL Securities Limited*	9	1
Intensive Fiscal Services Private Limited*	1	0
Kotak Mahindra Capital Company Limited*	12	1
Common issues of above BRLMs	40	14
Total	83	25

*Issues handled where there were no common BRLMs

BID/OFFER PERIOD
ANCHOR INVESTOR BIDDING DATE OPENED AND CLOSED ON WEDNESDAY, NOVEMBER 2, 2022.
BID/OFFER OPENED ON THURSDAY, NOVEMBER 3, 2022
BID/OFFER CLOSED ON MONDAY, NOVEMBER 7, 2022

The Offer was made through the Book Budding Process, in terms of Rule 19(2)(b) of the SCRR read 'with Regulation 31 of the SEBIICDR Regulations and in compliance with Regulation 6(1) of the SEBI ICDR Regulations wherein not more than 5014 of the Net Offer was available for allocation on a proportionate basis to Qualified institutional Buyers ("QIBs") (the "QIB Portion"), Our Company and the Selling Shareholders in consultation with the BRLMs allocated up lo 60% of the QIB Portion to Anchor Investors on a discretionary basis ("Anchor Investor Portion"). One-third of the Anchor Investor Portion 'was reserved for domestic Mutual Funds, subject to valid Bids reserved from the domestic Mutual Funds at or above the price at which allocation was made to Anchor Investors ("Anchor Investor Allocation Price"), m accordance with the SEBI ICDR Regulations. Further, 5% of the Net QIB Portion was available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion was available for allocation on a proportionate basis to all QIB Bidders including Mutual Funds, subject lo valid Bids received from them al or above the Offer Price, Further, not less than 15% of the Net Offer was available for allocation Non- Institutional Investors of which (a) one-third portion was reserved for applicants with application size of more than Rs 0.2 million and up lo Rs 1 million; and (b) two-thirds portion was reserved for applicants with application size of more than Rs 1 million. Further, not less than 35% of the Net Offer was available for allocation to Retail Individual Investors in accordance with the SEBI ICDR Regulations, subject to valid Bids receded from them at or above the Offer Price. Further, 250,000 Equity Shares aggregating to Rs 71.25 million was available for allocation lo Eligible Employees, subject to valid Bids received at or above the Offer Price. All Bidders, other than Anchor Investors, were required to participate in the Offer by mandatory utilising the Application Supported by Blocked Amount ("ASBA") process by providing details of their respective ASBA Account and UPI ID in case of UPI Bidders, as applicable, in which the corresponding Bid Amounts were blocked by the Self Certified Syndicate Banks ("SCSBs") or under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts Anchor Investors were not permitted to participate in the Offer through the ASBA process,

The bidding for Anchor Investors opened and closed on November 2, 2022 The Company received 37 applications from 24 Anchor investors for 9,901,050 Equity Shares, The Anchor Investor Offer Price was finalized at Rs 300 per Equity Share. A total of 8,737,194 Equity Shares were allocated under the Anchor Investor Portion aggregating to Rs 2,621,158,200.00

The Offer received 832.347 applications for 520,773,250 Equity Shares resulting in 17,7291 times subscription as disclosed in the Prospectus The details of the applications received m the Offer from Retail Individual Bidders, Non-Institutional Bidders and QIBs are as under (before technical rejections):

SI No	Category	No. of Applications	No. of Equity Shares	No. of Equity Shares Reserved (as per the Prospectus)	No. of times Amount (Rs) Subscribed
A	Retail Individual Bidders	801,952	48 800,600	10,193,395	4,7875	14,641,781,800.00
B	Non- Institutional Bidders - More than Rs 2 lakhs and upto Rs 10 lakhs	12,390	9,396,750	1,456,200	64529	2,818,958 ,800.00
C	Non-Institutional-Bidders - More than Rs 10 lakhs	5,440	21,921,150	2,912,398	7,5268	6,576,270,000.00
D	Employee Reservation Portion	12,445	1,065,450	250,000	4,2618	303,696,500.00
E	Qualified Institutional Bidders (excluding Anchors investors)	83	429,688.250	5,824,797	73,7688	123,906,475,000.00
F	Anchor Investors	37	9,901,050	8,737,194	1,1332	2,970,315,000.00
	Total	832,347	520,773,250	29,373,984	17,7291	156,217,497,100.00

Final Demand

A summary of the final demand as per BSE and NSE as on the Bid/Offer Closing Date at different Bid prices is as under

Sr. No	Bid Price	No. of Equity Shares	% to Total	Cumulative Total	Cumulative % of Total
1	285	401,000	0.08	401,000	0.08
2	286	23,750	0.00	424,750	0.08
3	287	13,850	0.00	438,600	0.08
4	288	12,250	0.00	450,850	0.09
5	289	7,550	0.00	458,400	0.09
6	290	186,700	0.04	6,45100	0.12
7	291	7,150	0.00	652,250	0.12
8	292	20,700	0.00	672,950	0.13
9	293	10,550	0.00	683,500	0.13
10	294	3,550	0.00	687,050	0.13
11	295	97,000	0.02	784,050	0.15
12	296	5,400	0.00	789,450	0.15
13	297	9,950	0.00	799,400	0.15
14	298	35,300	0.01	834,700	0.16
15	299	47,600	0.01	882,300	0.17
16	300	470,291,050	88.83	471,173,350	89.00
17	CUT-OFF	58,263,500	11.00	529,436,850	100.00
	TOTAL	529,436,850	100.00

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being BSE on November 11, 2022.

A. Allotment to Retail Individual Bidders (After Technical Rejections) (including ASBA Applications)

The Basis of Allotment to the Retail Individual Bidders who have bid at cut-off or at the Offer Price of Rs 300 per Equity, was finalized m consultation with BSE This category has been subscribed to the extent of 4,6351 times The total number of Equity Shares Allotted in Retail Individual Bidders category is 10,198,033 Equity Shares to 203,960 successful applicants. The category-wise details of the Basis of Allotment are as under:

Sr. No.	Category	No. of Applications Received	% of Total	Total No. of Equity Shares applied	% to Total	No. of Equity Shares allotted per applicant	Ratio	Total No. of Equity Shares allotted
1	50	719,563	92.51	35,978,150	76.11	50	59:225	9,434,300
2	100	32,112	4.13	3,211,200	6.79	50	59:225	421,000
3	150	8,584	1.10	1,287,600	2.72	50	59:225	112,550
4	200	4,672	0.60	934,400	1.98	50	59:225	61,250
5	250	2,505	0.32	626,250	1.32	50	59:225	32,850
6	300	2,069	0.27	620,700	1.31	50	59:225	27,150
7	350	1,222	0.16	427,700	0.90	50	59:225	16,000
8	400	573	0.07	229,200	0.48	50	59:225	7,500
9	450	251	0.03	112,950	0.24	50	59:225	3,300
10	500	1,316	0.17	658,000	1.39	50	59:225	17,250
11	550	143	0.02	78,650	0.17	50	59:225	1,850
12	600	373	0.05	223,800	0.47	50	59:225	4,900
13	650	4,432	0.57	2,880,800	6.09	50	59:225	58,100
	15,274 Allottees from Serial no 2 to 13 Additional 1 (one) share						33:15274	33
	TOTAL	777,815	100.00	47,269,400	100.00			10,198,033

B. Allotment to Non- Institutional Bidders (more than lakhs and upto Rs 10 lakhs) (After Technical Rejections) (including ASBA Applications)

The Bays of Allotment to the Non-Institutional Bidders (more than Rs 2 lakhs and upto Rs 10 lakhs), who have bid at the Offer Price of Rs 300 per Equity Share was finalized in consultation with BSE This category has been subscribed to the extent of 6,2858 times. The total number of Equity Shares allotted in this category is 1,456.863 Equity Shares to 2,081 successful applicants, The category-wise details of the Basis of Allotment are as under: (Sample)

Sr. No.	Category	No. of Applications Received	% of Total	Total No. of Equity Shares applied	% to Total	No. of Equity Shares allotted per applicant	Ratio	Total No. of Equity Shares allotted
1	700	11,120	92.00	7,784,000	85.00	700	31:180	1,340,500
2	750	233	1,93	174,750	1.91	700	40:233	28,000
3	800	68	0.56	54,400	0.59	700	12:68	8,400
4	850	17	0.14	14,450	0.16	700	3:17	2,100
5	900	43	0.36	38,700	0.42	700	7:43	4 900
6	950	12	0.10	11,400	0.12	700	2:12	1,400
7	1,000	125	1.03	125,000	1.36	700	22:125	15,400
8	1,100	12	0.10	13,200	0.14	700	2:12	1400
9	1,200	13	0.11	15,600	0.17	700	2:13	1,400
10	1,300	17	0.14	22,100	0.24	700	3:17	2,100
11	1,350	18	0.15	24,300	0.27	700	3:18	2,100
12	1,400	12	0.10	16,800	0.18	700	2:12	1,400
13	1,500	49	0.41	73,500	0.80	700	8:49	5,600
14	1,650	76	3.63	125,400	1.37	700	13:76	9,100
15	1,700	34	0.28	57,800	0.63	700	6:34	4,200
16	2,000	45	0.37	90,000	0.98	700	8:45	5,600
17	2,100	10	0.08	21,000	0.23	700	2:10	1,400
18	2,500	13	0.11	32,500	0.35	700	2:13	1,400
19	3,000	15	0.12	45,000	0.49	700	3:15	2,100
20	3,300	81	0.67	267,300	2.92	700	14:81	9 800
	All allottees from Serial no 2 to 45 for 1 (one) additional share					1	163:166	163
	TOTAL	12_r087	100.00	9,157,600	100.00			1,456,863

C. Allotment to Non- Institutional Bidders (more than Rs 10 lakhs) (After Technical Rejections) (Including ASBA Applications)

The Basis of Allotment to the Non- Institutional Bidders (more than Rs 10 lakhs), who have bid at the Offer Price of Rs 300 per Equity Share was finalized in consultation with BSE This category has been subscribed to the extent of 7,4434 times. The total number of Equity Shares allotted in this category is 2,913,723 Equity Shares to 4,162 successful applicants The category-wise details of the Basis of Allotment are as under: (Sample)

Category	No. of Applications Received	% of Total	Total No. of Equity Shares applied	% to Total	No. of Equity Shares allotted per applicant	Ratio	Total No. of Equity Shares allotted
3,350	4.945	92.07	16,565,750	76.38	700	86:111	2,681,700
3,400	122	2.27	414,800	1.91	700	47:61	65,800
3,450	13	0.24	44,850	0.21	700	10:13	7,000
3,500	79	1.47	276,500	1.27	700	61:79	42,700
3,550	6	0.11	21,300	0.10	700	4:6	2,800
3,600	17	0.32	61,200	0.28	700	13:17	9,100
3,650	3	0.06	10,950	0.05	700	2:3	1,400
3,750	6	0.11	22,500	0.10	700	4:6	2,800
3,900	7	0.13	27,300	0.13	700	5:7	3,500
4,000	14	0.26	56,000	0.26	700	11:14	7,700
5,000	23	0.43	115,000	0.53	700	18:23	12,600
5,050	3	0.06	15,150	0.07	700	2:3	1,400
5,400	3	0.06	16,200	0.07	700	2:3	1,400
6,000	3	0.06	18,000	0.08	700	2:3	1,400
6,650	8	0.15	53,200	0.25	700	6:8	4,200
6,700	5	0.09	33,500	0.15	700	4:5	2,800
7,500	4	0.07	30,000	0.14	700	3:4	2,100
8,300	3	0.06	24,900	0.11	700	2:3	1,400
10,000	7	0.13	70,000	0.32	700	5:7	3,500
13,300	3	0.06	39,900	0.18	700	2.3	1,400
15,000	4	0.07	60,000	0.28	700	3:4	2,100
16,650	7	0.13	116,550	0.54	700	5:7	3,500
33,300	15	0.28	499,500	2.30	700	12:15	8,400
100,000	4	0.07	400,000	1.84	700	3:4	2,100
	4,162 Allottees from Serial no 1 to 82 Additional 1(one) share				1	8:103	323
TOTAL	5,371	100.00	21,688,000	100.00		2,913,723

D. Allotment to Eligible Employees (After Technical Rejections)

The Basis of Allotment to the Eligible Employees, who have bid at the Offer Price of Rs 300 per Equity Share (net of Employee Discount) was finalized in consultation with BSE. This category has been subscribed to the extent of 0.9470 times. The total number of Equity Shares allotted in this category is 236,750 Equity Shares to 368 successful applicants. The category-wise details of the Basis of Allotment are as under

Category	No. of Applications Received	% of Total	Total No. of Equity Shares applied	% to Total	No. of Equity Shares allotted per applicant	Ratio	Total No. of Equity Shares allotted
50	44	11.96	2,200	0.93	50	1:1	2,200
100	43	11.68	4,300	1.82	100	1:1	4,300
150	11	2.99	1,650	0.70	150	1:1	1,650
200	18	4.89	3,600	1.52	200	1:1	3,600
250	5	1.36	1,250	0.53	250	1:1	1,250
300	6	1.63	1,800	0.76	300	1:1	1,800
350	18	4.89	6,300	2.66	350	1:1	6,300
400	8	2.17	3,200	1.35	400	1:1	3,200
450	1	0.27	450	0.19	450	1:1	450
500	6	1.63	3,000	1.27	500	1:1	3,000
550	1	0.27	550	0.23	550	1:1	550
600	5	1.36	3,000	1.27	600	1:1	3,000
650	20	5.43	13,000	5.49	650	1:1	13,000
700	92	25.00	64,400	27.20	700	1:1	54,400
800	4	1.09	3,200	1,35	800	1:1	3,200
850	6	1.63	5,100	2.15	850	1:1	5,100
900	4	1.09	3,600	1.52	900	1:1	3,600
1,000	3	0.82	3,000	1.27	1,000	1:1	3,000
1,050	6	1.63	6,300	2,66	1,050	1:1	6,300
1,100	4	1.09	4,400	1.86	1,100	1:1	4,400
1,200	3	0.62	3,600	1.52	1,200	1:1	3,600
1,250	1	0.27	1,250	0.53	1,250	1:1	1,250
1,400	12	3.26	16,800	7.10	1,400	1:1	16,800
1,500	2	0.54	3,000	1.27	1,500	1:1	3,000
1,550	1	0.27	1,550	0,65	1,550	1:1	1,550
1,600	1	0.27	1,600	0.68	1,600	1:1	1,600
1,650	5	1.36	8,250	3.48	1,650	1:1	8,250
1,700	2	0.54	3,400	1.44	1,700	1:1	3,400
1,750	36	9.78	63,000	26.61	1,750	1:1	63,000
TOTAL	368	100.00	236,750	100.00			236,750

E. Allotment to QIBs (After Technical Rejections)

Allotment to QIBs, who have bid at the Offer Price of Rs 300 per Equity Share has been done on a proportionate basis in consultation with BSE This category has been subscribed to the extent of 73.68 times of Net QIB portion. As per the SEBI ICDR Regulations, Mutual funds were allotted 5% of the Equity Shares of Net QIB portion available i.e 291,572 Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were allotted the remaining available Equity Shares i.e 5,539,849 Equity Shares on a proportionate basis. The total number of Equity Shares allotted in the QIB category (including MF) is 5,831,421 Equity Shares which were allotted to 83 successful Applicants

CATEGORY	FIS/BANKS	MF'S	IC‘S	NBFC'S	AIF	FPC	VC^'S	TOTAL
ALLOTMENT	714,559	682,432	215,131	511,747	161,698	3,545854		5,831,421

F. Allotment to Anchor Investors

The Company and the Selling Shareholders in consultation with the BRLMs, have allocated 3,737,194 Equity Shares to 24 Anchor Investors (through 36 Anchor Investor Application Forms) (including 10 domestic Mutual Funds through 17 schemes) at an Anchor Investor Offer Price at Rs 300/- per Equity Share in accordance with SEB^; ICDR Regulations, This represents 60% of the QIB portion

CATEGORY	FIS/BANKS	MF'S	IC'S	NBFC'S	AlF	FPC	OTHERS	TOTAL
ALLOTMENT	-	3,683,565	653,385	243,363	-	4,156,881	-	8,737,194

The IPO Committee of our Company at its meeting held on November 11, 2022 has taken on record the basis of allotment of Equity Shares approved by the Designated Stock Exchange, being BSE and has allotted the Equity Shares to various successful applicants The Allotment Advice Cum Refund Intimation and/or notices hare been dispatched to the address of the investors as registered with the depositories Further, instructions to the SCSBs have been issued for unblocking of funds and transfer to the Public Offer Account on November 11, 2022 and the payments to non-syndicate brokers have been issued on November 14, 2022. In case the same is not received within ten days, investors may contact the Registrar to the Offer at the address given below The Equity Shares allotted to the successful allottees have been uploaded on November 14, 2022 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned The Company has filed the Listing application with NSE and BSE on November 14, 2022. The Company has received the listing and trading approval from NSE & BSE, and trading will commence on November 16, 2022.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.

INVESTORS PLEASE NOTE

These details of the Allotment made shall be hosted on the website of Registrar to the Offer, Link Intime India Private Limited at www.linkintime.co.in

All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the First/ Sole applicant, Serial number of the Bid cum Application form. Bidders DP ID, Client ID. PAN, date of submission of Bid cum Application Form. address of the Bidder, number of Equity Shares bid for, copy of the Acknowledgment Slip received from the Designated intermediary, name of the Member of the Syndicate, place where the bid was submitted and payment details at the address given below:


Link Intime India Private Limited
C-101.247 Park. L B.S. Marg, Vikhroli (West). Mumbai 400 083 Maharashtra. India. Tel: +91 22 4918 6200 /+91 810 811 4949
E-mail: bikaji ipo@linkintime.co.in ; Investor Grievance E-mail: bikaji ipo@linkintime.co.in Website: www.linkintime.co.in ;
Contact person: Shanti Gopalkrishnan; SEBI Registration No.: INR000004058

	For BIKAJI FOODS INTERNATIONAL LIMITED
	On behalf of the Board of Directors
	Sd/-
Place: Bikaner, Rajasthan	Divya Navani
Date : November 15, 2022	Company Secretary & Compliance Officer

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING ORTHE BUSINESS PROSPECTS OF BIKAJI FOODS INTERNATIONAL LIMITED.

BIKAJI FOODS INTERNATIONAL LIMITED has filed the Prospectus dated November 10, 2022 with the RoC and thereafter with Securities and Exchange Board of India ('SEBI') and the Stock Exchanges The Prospectus s available on the website of the SEBI at www.sebi.gov.in as well on the websites of the BRIMs i.e, JM Financial Limited at www.jmfl.com Axis Capital Limited a; www.axiscapital.co.in . IIFL Securities Limited at www.iiflcap.com , Intensive Fiscal Services Private Limited at www.intensivefiscal.com and Kotak Mahindra Capital Company Limited at www.investmentbank.kotak.com , the website of the National Stock Exchange of India Limited at www.nsemindia.com and the website of the BSE Limited at www.bsemindia.com. respectively. Any Investors should note that investment in equity shares involves a high degree of risk and for details relating to such risks, see 'Risk Factors' beginning on page 30 of the Prospectus

The Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended the ("Securities Act") or any other applicable law of the United Stales and, unless so registered. may not be offered or sold within the United Slates, except pursuant to an exemption from, or m a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Accordingly, the Equity Shares are only being offered and sold (i) within the United States only to persons reasonably believed to be qualified Institutional buyers has defined in Rule 144A under the Securities Act. ('Rule 144A') in transactions exempt from, or not subject to, the registration requirements of the Securities Act, and (ii) outside the Untied States in offshore transactions in compliance with Regulation S under the Securities Act and pursuant to the applicable laws of the jurisdictions where those offers and sales are made There will be no public offering of the Equity Shares in the United States.

Bikaji Foods IPO Basis of Allotment FAQs

The IPO allocation is based on the subscription level and the investor category.

Refer to IPO allotment rules and methods for more details.

See the basis of allotment document above to know how the shares are allocated in Bikaji Foods IPO .

The Bikaji Foods IPO basis of allotment (published above) tells you how shares are allocated to you in Bikaji Foods IPO and category wise demand of IPO share.

Visit the Bikaji Foods IPO allotment status page to check the number of shares allocated to your application.

In Bikaji Foods IPO allotment process, the registrar separates valid and invalid applications. The invalid applications with technical errors are rejected and only valid applications at or above the cut-off price are considered for allotment.

For more information, please refer to IPO Allotment Process and Basis of Allotment.

Check the Bikaji Foods IPO basis of allotment document to know how the shares are allocated in Bikaji Foods IPO.

Bikaji Foods IPO Basis of Allotment

Bikaji Foods IPO Basis of Allotment FAQs

How shares are allotted in Bikaji Foods IPO?

What is Bikaji Foods IPO basis of allotment status?

What is Bikaji Foods IPO allotment process?

Read more about Bikaji Foods IPO