Mrs Bectors Food Specialties IPO Opens For Subscription The bakery products maker s initial public issue involves fresh issue of Rs 40.54 crore and an offer for sale of Rs 500 crore by the existing shareholders.
Updated: December 15, 2020 10:00 am IST
Retail investors can bid for a minimum one lot of 50 shares and in multiples, up to 13 lots.
Mrs Bectors Food Specialties Rs 540.54 crore maiden initial public offering (IPO) opens for subscription today i.e. December 15. The initial public offer will be open between December 15 and December 17. The issue price has been fixed at Rs 286-288 per share. The shares are likely to be listed on December 28.
Mrs Bectors Food Specialties IPO subscribed 3.7 times, HNIs portion fully booked on Day 1
The company will always enjoy premium post listing owing to its dominance in the premium biscuit segment with established brands, said Ajcon Global. December 15, 2020 / 05:57 PM IST
The initial public offering of bakery products maker Mrs Bectors Food Specialties had been subscribed 3.7 times on December 15, the first day of bidding.
The public issue received bids for 4.9 crore equity shares against an offer size of 1.32 crore equity shares, excluding the anchor book portion, the data available on the exchanges showed.
The company raised Rs 162 crore from anchor investors.
Retail investors showed interest in the IPO as the portion set aside for them was subscribed 6.8 times and that of employees had been bid 9.5 times. The reserved portion of non-institutional investors witnessed a subscription of 1.37 times and that of qualified institutional buyers 1.1 percent.
Mrs Bectors Food Specialties IPO Opens Today: Should You Subscribe? moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Mrs Bectors Food Specialties IPO Oversubscribed Within Hours Of Opening Mrs Bectors Food Specialties IPO Oversubscribed Within Hours Of Opening Mrs Bectors Food Specialties initial public offer will be open between December 15 and December 17. The issue price has been fixed at Rs 286-288 per share.
Mrs Bectors Food Specialties will use the IPO funds for expanding its Rajpura manufacturing facility
Mrs Bectors Food Specialties three-day share sale via initial public offering (IPO) was oversubscribed within hours of opening, data from National Stock Exchange showed. Mrs Bectors Food Specialties was subscribed 1.17 times as of 12:00 pm, according to NSE data. Mrs Bectors Food Specialties shares received over 1.55 crore bids as against 1.32 crore shares on the offer. Mrs Bectors Food Specialties shares saw huge demand from retail segment as it was subscribed 1.74 times. While portion reserved for qualified institutional buyers was not yet subscribed.
Mrs Bectors Food Specialties IPO Opens Tomorrow: Here Are 10 Key Things To Know moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.