Mrs Bectors Food Specialties IPO subscribed 3.7 times, HNIs portion fully booked on Day 1
The company will always enjoy premium post listing owing to its dominance in the premium biscuit segment with established brands, said Ajcon Global.
December 15, 2020 / 05:57 PM IST
The initial public offering of bakery products maker Mrs Bectors Food Specialties had been subscribed 3.7 times on December 15, the first day of bidding.
The public issue received bids for 4.9 crore equity shares against an offer size of 1.32 crore equity shares, excluding the anchor book portion, the data available on the exchanges showed.
The company raised Rs 162 crore from anchor investors.
Retail investors showed interest in the IPO as the portion set aside for them was subscribed 6.8 times and that of employees had been bid 9.5 times. The reserved portion of non-institutional investors witnessed a subscription of 1.37 times and that of qualified institutional buyers 1.1 percent.
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