JSA is advising JM Financial Limited, Axis Capital Limited, IIFL Securities Limited, Intensive Fiscal Services Private Limited and Kotak Mahindra Capital Company Limited, the book running lead managers in relation to the initial public offering of Bikaji Foods International Limited (“Bikaji”). The IPO consists of an offer for sale of equity shares of up to 29,373,984 equity shares by certain existing shareholders of Bikaji.
Bikaji is one of India’s largest fast-moving consumer goods brands with an international footprint, selling Indian snacks and sweets, and are among the fastest growing companies in the Indian organised snacks market. (Source: F&S Report) Bikaji’s product range includes six principal categories: bhujia, namkeen, packaged sweets, papad, western snacks and other snacks which primarily includes gift packs (assortment), frozen food, mathri range and cookies. In the six months ended September 30, 2021, we sold more than 250 products under the Bikaji brand. Bikaji is one of the pioneers in the Indian packaged snacks industry which has given a novel twist to classic Indian snacks with a contemporary taste along with maintaining the regional flavours to address the evolving consumer preferences in India and internationally. (Source: F&S Report)
JSA Transaction team comprised Lead partner – Arka Mookerjee, Partner – Pracheta Bhattacharya, Senior Associate – Krupa Brahmbhatt, Junior Associate – Varshini Puni, Divya Shah, and Jeebitesh Bhattacharya.
Arka’s practice area covers primarily equity capital markets issuances which covers a wide range of products such as Initial Public Offerings, Rights Issues, Qualified Institutions Placements, Initial Public Offering of Infrastructure Trusts and foreign currency convertible bonds.