Bikaji Meals Shares Make Market Debut At Practically 8% Premium

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Bikaji Foods Shares Make Market Debut At Nearly 8% Premium

The Rs 881.22-crore IPO had a value vary of Rs 285-300 a share.

New Delhi:

of Bikaji Meals Worldwide Ltd made its debut at a premium of almost 8 per cent towards the difficulty value of Rs 300 at this time.

The inventory listed at Rs 321.15, reflecting a acquire of seven per cent towards the difficulty value on the BSE. It additional rallied 11.66 per cent to Rs 335.

On the NSE, shares of the agency debuted at Rs 322.80, climbing 7.6 per cent.

The corporate commanded a market valuation of Rs 8,192.66 crore on the BSE.

Within the broader market, the 30-share BSE benchamrk traded flat within the morning commerce, quoting 20.48 factors increased at 61,893.47 at 10:25 hours.

The preliminary public providing (IPO) of Bikaji Meals Worldwide was subscribed 26.67 occasions final week.

The Rs 881.22-crore IPO had a value vary of Rs 285-300 a share.

Bikaji is the most important producer of ‘Bikaneri bhujia’ with an annual manufacturing of 29,380 tonnes and is a number one maker of packaged ‘rasgulla’, ‘soan papdi’ and ‘gulab jamun’.

(Apart from the headline, this story has not been edited by Dailynews369 employees and is printed from a syndicated feed.)

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