The Mrs. Bectors Food IPO date has been confirmed from December 15, 2020 and ended on December 17, 2020. Read the post to learn about Mrs. Bectors Food IPO GMP.
Mrs. Bectors Food Developers’ IPO is valued at Rs 540.54 crores with a fixed price. Each share is priced at a range of ₹286 to ₹288. You need at least 50 shares to apply. To participate, retail investors must contribute a minimum of ₹14,400.
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Bidding Dates
December 15-17
Price Range
₹286 to ₹288 per share
Face Value
₹10 per share
GMP
₹1,198.75
Mrs. Bectors Food IPO GMP
The Mrs. Bectors Food IPO GMP Today is ₹1,198.75.
IPO Overview
The Mrs. Bectors Food IPO, priced at Rs 540.54 crore, is a book-built issuance. The IPO involves a recent allotment of a fresh offer of Rs 40.54 crores as well as a Rs 500.00 crores offer for sale. Mrs. Bector’s Food initiated its IPO bidding process on December 15, 2020, wrapping up on December 17, 2020. The allotment for the Mrs. Bectors Food IPO was confirmed on Tuesday, December 22, 2020. The BSE and NSE both listed the shares on December 24, 2020. Investors can purchase Mrs. Bectors Food shares at a price ranging from ₹286 to ₹288 in the IPO. Mrs. Bectors Food IPO GMP Today is ₹1,198.75. For an application to be considered, it must include at least 50 shares. Retail investors are required to invest a minimum of ₹14,400.
Competitive Strengths
- A leader in biscuits and bakery segments in North India.
- Well-diversified product portfolio.
- Major food certifications i.e. BRC, USFDA, and FSSC.
- Leading biscuits exporter to 64 countries.
- Modern production process.
- Strong sales and distribution network.
Mrs. Bectors Food IPO Details
| IPO Date | December 15, 2020 to December 17, 2020 |
| Listing Date | December 24, 2020 |
| Face Value | ₹10 per share |
| Price Band | ₹286 to ₹288 per share |
| Lot Size | 50 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹540.54 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹40.54 Cr) |
| Offer for Sale | [.] shares of ₹10 (aggregating up to ₹500.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Mrs. Bectors Food Company Financials
| Particulars | For the year/period ended (Rs in million) | |||
|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 6,087.26 | 5,657.15 | 5,770.44 | 5,110.59 |
| Total Revenue | 4,385.55 | 7,649.76 | 7,860.29 | 6,957.55 |
| Profit After Tax | 388.83 | 304.03 | 331.50 | 358.93 |
Mrs. Bectors Food IPO Timeline
| IPO Open Date | Tuesday, December 15, 2020 |
| IPO Close Date | Thursday, December 17, 2020 |
| Basis of Allotment | Tuesday, December 22, 2020 |
| Initiation of Refunds | Wednesday, December 23, 2020 |
| Credit of Shares to Demat | Wednesday, December 23, 2020 |
| Listing Date | Thursday, December 24, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 17, 2020 |
Company Profile
With roots tracing back to 1995, Mrs. Bectors Food Specialities Ltd stands out as a leader in North India’s premium bakery and biscuit industries. The company’s product portfolio is primarily segmented into two categories: biscuits (cookies, creams, crackers, digestives, etc.) and bakery fare (bread, buns, pizza bases, cakes, etc.). Mrs. Bectors manufactures and sells biscuits under the brand name “Mrs. Bector’s Cremica”, while bakery products are created under the brand name “English Oven” and sold in premium market segments such as
Delhi NCR, Mumbai, and Bengaluru. As of June 30, 2020, the baking section had 96 products, while the biscuits segment had 384 items. Its entire product line is created internally, with production operations spanning across six strategically positioned facilities in five different cities: Maharashtra, Karnataka, Uttar Pradesh, Himachal Pradesh, and Punjab. Operating with a formidable distribution system, the firm taps into 154 super-stockists and 644 distributors to reach 458,000 retail outlets and 3,594 favoured outlets. Its products reach consumers in 23 Indian states and are exported to 64 countries, marketed under its brand name and third-party private labels.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Mrs. Bectors Food Specialities Limited |
| Phone number | +91 182-6225418 |
| Email ID | [email protected] |
| Website | cremica.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Mrs. Bectors Food IPO FAQs
When Mrs. Bectors Food IPO will open?
The Mrs. Bectors Food IPO opens on December 15, 2020 and closes on December 17, 2020.
What is the lot size of Mrs. Bectors Food IPO?
Mrs. Bectors Food IPO lot size is 50 Shares, and the minimum amount required is ₹14,400.
When is Mrs. Bectors Food IPO allotment?
The finalization of Basis of Allotment for Mrs. Bectors Food IPO will be done on Tuesday, December 22, 2020, and the allotted shares will be credited to your demat account by Wednesday, December 23, 2020.
When is Mrs. Bectors Food IPO listing date?
The Mrs. Bectors Food IPO listing date is on December 24, 2020.
