The IPO by Mrs Bectors Food Specialities is set to hit the capital market on Tuesday. Most of the brokerages have given a ‘subscribe’ call to the Rs 541 crore public offer. The IPO will be sold in the Rs 286-288 price band and would comprise an offer for sale (OFS) of Rs 500 crore and a fresh issue of Rs 40.5 crore. Investors can bid for a minimum of 50 equity shares and thereafter in multiples of 50 equity shares.
Analysts said the company s financials have improved; net debt has declined and free cash flows have turned positive. The fact that the demand outlook for the biscuit and buns maker looks decent and the IPO is priced at a steep discount to listed peers leaves enough on the table, they said.
Mrs Bectors Food IPO opens Tuesday, grey market premium surges 70%; should you subscribe?
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mrs bectors ipo review: Mrs Bectors IPO: Should you subscribe for listing gains? Here s what analysts say
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Share Market Highlights: Sensex ends 154 points higher, Nifty at 13,558; L&T, ONGC, NTPC, Titan top gainers
India Stock Market Highlights Today: ONGC followed by Tata Steel, L&T, Sun Pharma, M&M, ICICI Bank and NTPC were among the top gainers in the Sensex pack
BusinessToday.In | December 14, 2020 | Updated 16:09 IST
Share Market Highlights: Here s a look at the updates of the market action on BSE and NSE today
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