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Mrs Bectors Food Specialities is off to a great start — $73 million IPO was subscribed 3 times on day one
Mrs Bectors Food Specialities is off to a great start — $73 million IPO was subscribed 3 times on day one
Navdeep YadavDec 15, 2020, 16:37 IST
Mrs Bectors Food
The ₹540 crore (about $73 million) share sale of Mrs Bectors Food Specialities was subscribed 2.98 times on the first day of bidding on Tuesday.
This is the second initial public offer this month to have received an oversubscription in the first few hours itself – the first one being Burger King India.
The IPO received bids for 2.94 crore equity shares against the offered size of 1.32 crore shares, according to data from the stock-exchanges.