Stay updated with breaking news from Food specialities. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Mrs. Bectors Food Specialities announced that Nem Chand Jain, Independent Director of the Company will cease to be a Director of the Company with effect from 16 March 2021. Further, Tarun Khanna, Nominee director of the Company has resigned from the Company with effect from 05 February 2021. Rahul Goswamy (Existing board member) to act as joint nominee director of Gateway and Linus. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
Ludhiana, January 25 From an unknown name to a name that counts today. Thus reads the success story of an octogenarian Ludhiana businesswoman, Rajni Bector, who rose from her backyard business with a paltry investment of Rs 300 to successfully raising a whooping Rs 541 crore from the market, and become an undisputed business tycoon. The IPO of her company—Mrs Bector's Food Specialities—having made history by getting oversubscribed 198 times and listing at 74 per cent premium on the offer price, is fast becoming the buzz word in the business world. Unfortunately on this day three years ago she lost her husband, Dharam Vir Bector.
Mrs Bectors Food Specialities: Here's How To Check Share Allotment Status Mrs Bectors Food Specialities: Here's How To Check Share Allotment Status The IPO comprised a fresh issue of equity shares worth Rs 40.54 crore and an offer for sale (OFS) by existing shareholders, amounting to Rs 500 crore Updated: December 21, 2020 4:48 pm IST The share sale took place between December 15 and December 17 at a price of Rs 286-Rs 288 per share. The Rs 540 crore Mrs Bectors Food Specialities' IPO broke the record of all initial public offering (IPO) subscriptions this year. The primary market offering was subscribed by a gigantic 198 times, receiving bids for 262.10 crore shares as against the offer size of 1.32 crore equity shares (excluding anchor book), as per subscription data on the stock exchanges. The high-networth individual (HNI) portion was subscribed 620.85 times, qualified institutional buyer (QIB) category, 176.85 times and retail category saw 29.3 times subscription.
198.02x Once the basis of allotment is done, the investors can check their subscription status on Mrs Bector’s Food Specialities IPO registrar’s Link Intime India Private website. Here’s how to check Mrs Bector’s Food Specialities IPO allotment status: If you subscribed for the Mrs Bector’s Food Specialities IPO, you could check your allotment status by following these simple steps: Advertisement To check on the stock-exchange website: To check Mrs Bector’s Food Specialities allotment status, go to the BSE website or NSE website here. On BSE, Select ‘Equity’ and then from the dropdown, select ‘Mrs Bector’s Food Specialities’.
(File photo) MUMBAI/NEW DELHI/CHANDIGARH: Almost four-and-a-half decades after Rajni Bector, then a young bakery-course graduate from Ludhiana’s Punjab Agricultural University, baked cakes and made ice-creams for women in the city’s social circuit, the maiden public offer of Mrs Bector’s Food Specialities — the company she built over the years — was subscribed 198 times. This made the company’s IPO, which closed on Thursday, the most successful maiden offering this year. In the Rs 541-crore IPO, the high net worth investors’ part was subscribed 621 times, while the institutional part 177 times, BSE data showed. The retail part was subscribed a little over 45 times, showing widespread interest in the share issue.
Most-subscribed IPO! Rs 1L cr bids for Bectors Rs 540 cr issue SECTIONS Last Updated: Dec 18, 2020, 10:12 AM IST Share Synopsis The high networth individual (HNI) category was subscribed 621 times equivalent to bids worth Rs 50,650 crore. Generally, HNIs borrow money from institutions to subscribe to an IPO. Agencies The qualified institutional buyers portion has subscribed 581 times. The portions reserved for retail investors and employees were subscribed 29.3 and 45.4 times respectively. INSIGHTS NSE Explore Now Investor appetite for Initial Public Offering (IPOs) continued unabated with Mrs Bector’s Food Specialities issue getting subscribed 198 times on the last day of bidding on Thursday. The Rs 540 crore IPO received bids worth more than Rs 1.07 lakh crore, making it one of the most-subscribed maiden share offerings in recent times.
Dalal Street in the grip of a disbelief rally as bulls party while bears sulk For now, the parties seem unending for the bulls as Diwali’s hesitant up-moves have morphed into a fully grown bull market that seems to be heading for a euphoric budget till February 2021. However, signs of froth are amply visible in some parts of the market. December 17, 2020 / 07:09 PM IST Indian stocks have climbed walls of worries and consistently closed at record highs all of December, much to the dismay of bears. For most traders and investors on side-lines, this has been a rampaging rally of disbelief as blue chip after blue chip and sector after sector outperforms even the most optimistic forecasts.
Mrs Bectors Food's IPO to open on December 15: 10 things to know The price band is set at Rs 286-288 apiece. Market lot size of Mrs. Bectors Food IPO is 50 shares. A retail-individual investor can apply for up to 13 lots BusinessToday.In | December 14, 2020 | Updated 17:32 IST SBI Capital Markets, ICICI Securities and IIFL Securities will manage Mrs Bectors Food Specialities' IPO The fifteenth IPO of 2020- Mrs Bectors Food Specialities of Rs 541 crore- is all set to hit the market on Tuesday, December 15. The anchor book will open for subscription on December 14. Here are 10 things to know about the IPO: 1-The IPO of FMCG firm comprises an offer for sale of Rs 500 crore by existing shareholders - Rs 245 crore by Linus, up to Rs 38.50 crore by Mabel, up to Rs 186 crore by GW Crown PTE and a fresh issue worth Rs 40.5 crore.
Subscribe The legend goes that company’s flagship brand "Mrs Bector's Cremica" was born out of the Hindi phrase “cream ka” (made of cream) when Rajni used to sell ice creams. Her recipes became so popular that the initial investment of ₹20,000 is today a ₹1,000 crore business spanning countries. “Today as you know, we are one of the leading brands in biscuits and bakery business in North India, and we have established this brand from scratch. We hold a 4.5% market share in North India. We export 12% of the total biscuit exports from India,” Anoop Bector, Rajni’s son and the Managing Director of the company told Business Insider in an interview.
Exclusive content, features, opinions and comment - hand-picked by our editors, just for you. Pick 5 of your favourite companies. Get a daily email with all the news updates on them. Track the industry of your choice with a daily newsletter specific to that industry. Stay on top of your investments. Track stock prices in your portfolio. NOTE : This product is a monthly auto renewal product. Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds. To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.