What Is Mrs Bectors Food Specialities IPO Details✅

✅Mrs Bectors Food Specialities IPO: Launched at ₹286-₹288 per share, raised ₹540 crore, oversubscribed 198 times, strong demand, promising investment!

The Mrs Bectors Food Specialities IPO was a highly anticipated event in the Indian stock market. The Initial Public Offering (IPO) of Mrs Bectors Food Specialities Ltd opened for subscription on December 15, 2020, and closed on December 17, 2020. The company aimed to raise approximately Rs 540.54 crore through this IPO.

Below are the essential details regarding the Mrs Bectors Food Specialities IPO:

IPO Details

IPO Opening Date: December 15, 2020
IPO Closing Date: December 17, 2020
Issue Type: Book Built Issue IPO
Face Value: Rs 10 per equity share
IPO Price Band: Rs 286 to Rs 288 per equity share
Market Lot: 50 shares
Min Order Quantity: 50 shares
Listing At: BSE, NSE

Objective of the IPO

The funds raised through the IPO were intended to be used for the following purposes:

Financing the project cost: Mrs Bectors aimed to finance the project cost towards the expansion of the Rajpura Manufacturing Facility by establishing a new production line for biscuits.
General corporate purposes: The remaining amount was allocated for general corporate purposes.

Company Overview

Mrs Bectors Food Specialities Ltd is one of the leading companies in the premium bakery segment and the frozen food segment in India. The company manufactures and markets a wide range of products including biscuits, bread, and buns under the brand names ‘Mrs Bector’s Cremica’ and ‘English Oven’. With a significant presence in retail, institutional, and export segments, Mrs Bectors has established itself as a prominent player in the market.

Financial Performance

Prior to the IPO, Mrs Bectors Food Specialities showcased strong financial performance, which was a key factor in attracting investor interest. Below are some key financial metrics:

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Financial Year	Total Revenue (in Rs crore)	Net Profit (in Rs crore)
FY 2018	696.06	35.27
FY 2019	784.03	33.18
FY 2020	762.87	30.40

Subscription Details

The IPO was met with significant interest from various categories of investors:

Qualified Institutional Buyers (QIB): 176.85 times
Non-Institutional Investors (NII): 620.86 times
Retail Individual Investors (RII): 29.33 times

This overwhelming subscription response underscored the strong demand and confidence in the company’s potential for future growth.

For investors and market enthusiasts, understanding the details of Mrs Bectors Food Specialities IPO offers valuable insights into one of the most talked-about IPOs in recent times. The following sections will delve deeper into the strategic initiatives, market position, and future outlook of the company.

Key dates and timeline for Mrs Bectors IPO

For investors looking to participate in the Mrs Bectors Food Specialities IPO, understanding the key dates and timeline is crucial. Here is a breakdown of the important dates to keep in mind:

1. Issue Opening Date:

The IPO of Mrs Bectors Food Specialities will open for subscription on 15th December 2020. This marks the beginning of the opportunity for investors to purchase the company’s shares.

2. Issue Closing Date:

The closing date for the IPO is set for 17th December 2020. Investors must ensure that their applications are submitted before this date to be considered for allocation of shares.

3. Allotment Date:

The basis of allotment for Mrs Bectors Food Specialities IPO is expected to be finalized by 22nd December 2020. This is when investors will know the number of shares they have been allocated.

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4. Listing Date:

The shares of Mrs Bectors Food Specialities are anticipated to be listed on the stock exchanges by 28th December 2020. This is when the company will officially debut on the stock market.

It is essential for investors to mark these dates on their calendars and stay updated with any changes or announcements related to the IPO timeline. Missing these dates could result in missing out on the opportunity to invest in Mrs Bectors Food Specialities at the early stages of its public offering.

How to apply for Mrs Bectors Food Specialities IPO

To apply for Mrs Bectors Food Specialities IPO, investors need to follow a simple process that involves certain key steps. Here is a guide on how to successfully apply for the IPO:

Step 1: Open a Demat Account

Before applying for the IPO, ensure that you have a Demat account. A Demat account is essential for holding securities in an electronic format. If you don’t have one, you can easily open a Demat account with any registered Depository Participant (DP).

Step 2: Choose the Right IPO Application Method

There are different ways to apply for an IPO, such as through online portals, banks, or using the ASBA (Applications Supported by Blocked Amount) facility. Decide on the most convenient method for you based on your preferences and convenience.

Step 3: Fill in the IPO Application Form

Once you have selected the application method, fill in the IPO application form with accurate details. Make sure to provide all the required information correctly to avoid any discrepancies.

Step 4: Make Payment

After filling the application form, proceed to make the payment for the IPO shares you wish to subscribe to. The payment can usually be made through net banking, UPI, or other available payment modes as specified in the application form.

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Step 5: Keep Track of Allotment Status

After applying for the IPO, keep a close eye on the allotment status. You can check the status of your application on the registrar’s website or through the online portal where you applied for the IPO.

By following these steps diligently, investors can smoothly apply for the Mrs Bectors Food Specialities IPO and potentially become part of this promising investment opportunity.

Frequently Asked Questions

What is an IPO?

An IPO, or Initial Public Offering, is the first sale of stock by a company to the public.