Mrs Bector’s Food IPO investors saw their money double on listing day
Rounak JainDec 24, 2020, 10:23 IST
Mrs Bectors
Mrs Bector’s Food shares debuted on the bourses today at a premium of over 73%.
An investment of ₹14,400 in the company is now worth almost ₹30,000 – more than doubling investor wealth on listing day.
Mrs Bector’s is a premium biscuit-maker and counts McDonald’s, Indian Railways as well as government canteens amongst its clients.
Mrs Bector’s Food Specialties had a record-breaking initial public offering (IPO), receiving subscriptions worth ₹40,000 crore for an offer of ₹540 crore. That has translated into a bumper listing as 2020 draws to an end.