Bikaji Foods IPO: The Initial Public Offer (IPO) of Bikaji Foods International Limited became fully subscribed on the second day of its membership. Moreover, after two consecutive days of losses, the trend reversed as major benchmark indices in the Indian secondary market ended the weekend session higher. These developments have probably gone down well in the gray market as well. As per market observers, the shares of Bikaji Foods International Limited are available at a premium of 40 in the gray market today, which is 13 more than your yesterday’s premium 27.
Bikaji Foods IPO GMP today
According to stock market experts, Bikaji Foods IPO GMP today Is 40, which is 13 more than its Friday gray market premium (GMP) 27. He said the increase in Bikaji Foods IPO GMP today could be due to two major reasons – trend reversal on Dalal Street on Friday and fully subscribed public issue on the second day of subscription. He said that if the market opened higher on Monday, then the gray market sentiment could be further intensified as the IPO of Bikaji Foods was at a time in GMP. 100 before membership opens.
What does this GMP mean?
Bikaji Foods IPO GMP today, say market observers 40 means that the gray market is expecting this IPO to be listed at approx. 340 each level ( 300+ 40), which is about 13 percent higher than Bikaji Foods’ IPO price band 285 to 300 per equity share.
Bikaji Foods IPO Membership Status
After two days of bidding, Bikaji Foods IPO membership status shows that the public issue price 881.22 crore has been subscribed 1.48 times while its retail segment has been subscribed 2.33 times.
Bikaji Foods IPO Other Details
The public issue opened for subscription on 3 November 2022 and will be open for bidding till 7 November 2022. This means investors have just one day to apply for the IPO as the bidding for the public offering ends on Monday.
As per the tentative schedule of Bikaji Foods IPO, the date of allotment is likely to be on November 11, while the date of Bikaji Foods IPO listing is likely to be on November 16, 2022.
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