Mrs Bectors IPO subscribed 199.4 times on final day
Mrs Bectors is one of the leading companies in the premium and mid premium biscuits segment in North India with a market share of 4.5%Premium
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Mrs Bectors subscription figures beat Mazagon Dock Shipbuilders Ltd and Burger King India getting nearly 157 times each subscription
The proceeds from the fresh issue will be used for financing the project cost towards expansion of the Rajpura Manufacturing Facility in Punjab
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Mumbai:Mrs Bectors Food Specialities Ltd, a premium biscuit and bakery firm in north India, became the most successful initial public offering (IPO) of 2020 attracting bids for nearly 199.41 times the number of shares on offer, stock exchange data showed.
In a topsy-turvy year for the IPO market, these five new entrants saw stellar debuts
The year 2020 has been a mixed bag for capital markets, and while many IPO hopefuls decided to withdraw their listings and wait for things to settle, others powered through. With money starting to flow back into the markets, the IPO market is picking up steadily.
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It wouldn’t be too much of a stretch to say that the Indian IPO market in 2020 was a roller coaster ride.
We began the year on a strong note with the blockbuster initial public offering of