Mrs Bectors Food Specialities IPO fully subscribed on first day | IPO Review and Details

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Incorporated in 1995, Mrs. Bectors Food Specialities Ltd is one of the leading companies in the premium bakery segment and premium biscuit segment with established brands in North India. The company’s product portfolio mainly consists of two categories of products; Biscuits (cookies, creams, crackers, digestive, etc.) and Bakery products (bread, buns, pizza bases, cakes, etc.).

Mrs. Bectors manufactures sells biscuits under brand name “Mrs. Bector’s Cremica” and whereas bakery products are manufactured under its brand name of “English Oven” and offered in the premium market segments such as Delhi NCR, Mumbai, and Bengaluru. As of June 30, 2020, its bakery segment has a total of 96 products and the Biscuits segment has a total of 384 items.

All of its products are manufactured in-house across 6 strategically located manufacturing units in 5 different cities ( Maharashtra, Karnataka, UP, Himachal Pradesh, and Punjab). The company has a very strong distribution network of 154 super-stockiest and 644 distributors supplying products through 458,000 retail outlets and 3,594 preferred outlets. It sells its products to 23 states in India and also exports its products under its own brand name and third-party private labels to 64 countries all over the world.

Objects of the Issue:

The funds raised through the Mrs. Bectors Food Limited IPO are proposed to be utilized towards below objects

  1. To finance the cost of Rajpura Expansion Project
  2. To meet general corporate purposes

BUSINESS SEGMENTS:

Bakery SegmentThe company’s product portfolio mainly consists of two categories of products; Biscuits (cookies, creams, crackers, digestive, etc.) and Bakery products (bread, buns, pizza bases, cakes, etc.).

Mrs Bectors Food Specialities Limited IPO Details Snapshot:

IPO Subscription DatesDec 15, 2020 – Dec 17, 2020
Price Band₹286 to ₹288 per equity share
Issue Size₹540.54 Cr
Fresh issue₹40.54 Cr
Offer For Sale (OFS)₹500.00 Cr
Minimum bid (lot size)50 Shares
Face Value ₹10 per equity share
Listing AtNSE, BSE

IPO Tentative Date and Timetable:

Bid/Offer Open dateDec 15, 2020
Bid/Offer Close dateDec 17, 2020
Finalisation of Basis of AllotmentDec 22, 2020
Initiation of RefundsDec 23, 2020
Credit of Shares to Demat AccountDec 24, 2020
IPO Share Listing DateDec 28, 2020

IPO Lot Size and Price Detail :

Application LotsSharesAmount (Cut-off)
Minimum 150₹14,400
Maximum 13650₹187,200

Mrs Bectors Food Specialities Limited company Details

PROMOTERSMr. Anoop Bector
SECTORBakery Segment
Mrs. Bectors Food IPO RegistrarLink Intime India Private Ltd
FOUNDED1995
WEBSITEhttp://www.cremica.in

How to apply in Mrs. Bectors Food Specialities IPO through Angel Broking ?

Angel Broking

1st Step:

Login into your Angel Mobile application and click on 3 strip and select IPO option under Trade.

2 nd Step:

Click on Apply Button

3rd Step:

Fill the number of lots, id number select the UPI type and click Invest.

Note :

Now your order is placed and you need to approve your payment request through your UPI ID bank.

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