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Mrs Bectors Food s Rs 540-cr IPO to open tomorrow: Here s what you need to know - business news
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Mrs Bectors Food Specialties IPO Opens Tomorrow: Here Are 10 Key Things To Know
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Incorporated in 1995, Mrs Bectors Food Specialties produces cookies, creams, crackers and digestives
Mrs Bectors Food Specialties Rs 540.54 crore initial public offering (IPO) will open for subscription tomorrow i.e. December 15. The initial public offer will be open for three days, until December 17. The company has fixed the issue price at Rs 286-288 per share. The shares are likely to be listed on the bourses on December 28.
The bakery products maker s IPO consists of a fresh issue of Rs 40.54 crore and an offer for sale of Rs 500 crore by existing shareholders. Linus Private Limited will sell equity shares worth Rs 245 crore, Mabel Private Limited will sell Rs 38.5 crore, GW Crown, Rs 186 crore and GW Confectionary, Rs 30.5 crore.
Mrs Bectors Food Mops Up Rs 162 Crore From Anchor Investors
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Mrs. Bectors Food Specialties Limited IPO Opens on December 15, 2020
Posted On: 2020-12-10 02:22:37 (Time Zone: Arizona, USA)
Mrs. Bectors Food Specialties Limited is proposing an initial public offering of its equity shares aggregating up to ₹ 5,405.40 million (the Offer ) comprising a fresh issue of such equity shares as aggregating up to ₹ 405.40 million (the Fresh Issue ) and an offer for sale of aggregating up to ₹ 5,000.00 million ( Offer for Sale ), which includes an offer for sale aggregating up to ₹ 2,450.00 million by Linus Private Limited, up to ₹ 385.00 million by Mabel Private Limited, up to ₹ 1,860.00 million by GW Crown PTE. Ltd and up to ₹ 305.00 million by GW Confectionary PTE. Ltd. (Linus Private Limited, GW Confectionary PTE. Ltd., GW Crown PTE. Ltd and Mabel Private Limited collectively referred to as the Selling Shareholders )