Q&A_ Why Bikaji foods IPO was a flop?Namaste!
Bikaji Foods and Haldiram's control 50% of the organized namkeen market in India. The people, mostly retail would have thought this would be a blockbuster IPO considering whopping 80.63 times by QIBs (Qualified Institutional Buyers). Generally this kind of oversubscription leads to very good listing gains, but this time it didn't happened.
The reasons according to me are following:-
1. It doesn't have a value at this price: Sure, it is (along with Haldiram's) are market leaders in "org
Long