After 100% jump on debut, what s next for Mrs Bectors?
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Last Updated: Dec 24, 2020, 07:24 PM IST
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The market capitalisation of Mrs Bectors Food stood at Rs 3,498.65 crore on the BSE. In traded volume terms, 37.81 lakh shares were traded at the BSE and over 3.70 crore units on the NSE during the day.
The initial public offer (IPO) of the company got subscribed a whopping 198 times earlier this month. The price band for the share sale was at Rs 286-288 apiece.
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Investors of Mrs Bectors Food Specialities doubled their money on the first day of the trade on Thursday. Shares of the company soared 107 per cent to Rs 595.55 on the BSE against their issue price of Rs 288. The scrip got listed at Rs 501.
Mrs Bectors Food Specialities debuts at 74% premium
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Last Updated: Dec 24, 2020, 03:26 PM IST
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The issue received bids for 2,62,10,42,200 shares, which was 198.02 times the issue size of 1,32,36,211 shares. The IPO comprised an offer for sale (OFS) of Rs 500 crore and a fresh issue of Rs 40.5 crore.
Bumper listing for Mrs Bectors at D-Street, shares double on Day 1
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Mumbai: Shares of Mrs Bectors Food Specialities debuted at Rs 501 on the BSE, a 73.9 per cent premium over the issue price of Rs 288, after the company’s Rs 541 crore initial public offer (IPO) received a robust response earlier this month.
At 10:03 am, the stock was trading at Rs 586.80. It touched an intra-day high of Rs 601.20, and a low of Rs 500.
Biscuit Maker Mrs Bectors Shares Double In India Market Debut Mrs Bectors Food Specialties Rs 540.54 crore maiden initial public offering (IPO) had witnessed the highest subscription among IPOs in calendar year 2020
Updated: December 24, 2020 12:39 pm IST
At 11:30 am, the shares were trading at Rs 571.90, up 98.61 per cent, on the BSE.
Mrs Bectors Food Specialties made a spectacular debut on Thursday, listing at a stellar premium of more than 70 per cent and soon doubling thereafter. The shares of the biscuit maker listed at Rs 500, a 73.61 premium over its issue price of Rs 288 per share. The shares opened at Rs 501, higher by Rs 213 or 74 per cent on the BSE and at Rs 500, a 73.61 per cent premium on the National Stock Exchange, compared to the issue price of Rs 288. The shares soon doubled thereafter, and at 11:30 am, the shares were trading aat Rs 571.90, up by 98.61 per cent on the BSE.
India: After stellar IPO, Mrs Bectors Food lists at 74% premium over issue price
Rye bread in a bakery. Pixabay. Premium
Mrs Bectors Food Specialties Ltd made a strong markets debut on Thursday. The stock was listed at ₹500, a 73.61% premium over its issue price of ₹288 a piece.
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Mrs Bectors Food lists at 74% premium over issue price
Mrs Bectors Food manufactures and markets a range of products such as biscuits, breads and buns.
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Mrs Bectors Food IPO to raise up to ₹540.54 crore with a price band of ₹286 to ₹288 per piece was open for subscription in 15-18 December
Part of the proceeds from stake sale will be used to finance Rajpura Expansion Project by establishing a new production line for biscuits
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Mumbai: Mrs Bectors Food Specialties Ltd made a strong markets debut on Thursday. The stock was listed at ₹500, a 73.61% premium over its issue price of ₹288 a piece.