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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.
IndiaRajpuraRajasthanBector-cremicaMrs-bectors-food-specialtiesBectors-food-specialtieBectors-foodMrs-bectorIts-english-ovenBurger-king-indiaConnaught-plaza-restaurantsMrs Bectors Food Specialties IPO Oversubscribed Within Hours Of Opening Mrs Bectors Food Specialties IPO Oversubscribed Within Hours Of Opening Mrs Bectors Food Specialties initial public offer will be open between December 15 and December 17. The issue price has been fixed at Rs 286-288 per share.
Mrs Bectors Food Specialties will use the IPO funds for expanding its Rajpura manufacturing facility
Mrs Bectors Food Specialties three-day share sale via initial public offering (IPO) was oversubscribed within hours of opening, data from National Stock Exchange showed. Mrs Bectors Food Specialties was subscribed 1.17 times as of 12:00 pm, according to NSE data. Mrs Bectors Food Specialties shares received over 1.55 crore bids as against 1.32 crore shares on the offer. Mrs Bectors Food Specialties shares saw huge demand from retail segment as it was subscribed 1.74 times. While portion reserved for qualified institutional buyers was not yet subscribed.
IndiaRajpuraRajasthanBector-cremicaLinus-privateNational-stock-exchangeMabel-privateMrs-bectors-food-specialtiesWithin-hours-of-openingBectors-food-specialtiesPrivate-limitedMabel-private-limitedMrs Bectors IPO opens on December 15, price band fixed at Rs 286-288 per share
The bakery products maker plans to raise Rs 540.54 crore IPO, which comprises a fresh issue of Rs 40.54 crore and an offer for sale of Rs 500 crore by shareholders. December 11, 2020 / 12:03 PM IST
The initial public offering (IPO) of Mrs Bectors Food Specialties, one of the leading companies in the premium bakery segment and a supplier to fast-food chains like Burger King, will open for subscription on December 15, with the price band fixed at Rs 286-288 per share.
The bakery products maker plans to raise Rs 540.54 crore the IPO, which comprises a fresh issue of Rs 40.54 crore and an offer for sale of Rs 500 crore by selling shareholders.
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The brand reintroduced the burger after McGrill fans started a petition and took to social media to begin #BringMcGrillBack movement.
Recently, Chicken McGrill fans started a petition and took to social media to begin a movement asking McDonaldâs to #BringMcGrillBack. Comic Abhishek Upmanyu and actress Neha Dhupia also signed the petition and spoke about their love for the Chicken McGrill burger.
After a large number of requests started pouring in, McDonaldâs decided to listen to its customers and announced the reintroduction of the Chicken McGrill burger. Post the formal announcement by McDonaldâs, fans again took to social media to express their love and emotions for the Chicken McGrill burger.
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Investors can bid for a minimum of 50 equity shares and thereafter in multiples of 50 equity shares. Company plans to use the IPO proceeds for financing the project cost towards its Rajpura expansion project by establishing a new production line for biscuits and for general corporate purpose. Once the IPO is concluded, the shares are likely to hit the bourses on December 28. The equity shares will be listed on both the exchanges — BSE and NSE. SBI Capital Markets, ICICI Securities and IIFL Securities are the lead managers for its initial public offering (IPO).
Mrs Bector’s Food: All you need to know
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