Mrs. Bectors Food Specialities Ltd (MBFS) is coming out with an IPO from Dec 15, 2020 to Dec 17, 2020 with price band of Rs.286 to Rs.288 per equity share. The shares will be listed on the BSE and NSE. The expected date of listing of the company is December 23, 2020.
Mrs. Bectors Food Specialities Ltd (MBFS) is one of the leading companies in the premium and mid-premium biscuits segments and the premium bakery segment in North India. It has a 4.5% market share, according to the Technopak Report. The company manufactures and markets a range of biscuits such as cookies, creams, crackers, digestives and glucose under flagship brand ‘Mrs. Bector’s Cremica’. Its offerings also include sweet and savoury bakery products such as breads, buns, pizza bases and cakes under the brand ‘English Oven’.
Mrs Bectors Food Specialities Ltd (MBFS) is coming out with an initial public offer (IPO), comprising a fresh issue of equity shares amounting to Rs. 40.5 crore and an offer for sale of Rs. 500 crore. The price band is Rs. 286-288 per share. At the lower and upper price band, the fresh equity issue amounts to 14.1-14.2 lakh shares, while the OFS has a size of around 1.74 crore shares. The issue opens tomorrow on December 15th (Tuesday) and closes on December 17th.
SBI Capital Market; ICICI Securities & IIFL Securities are the Book running lead managers for the issue. It is Fresh issue of equity shares (14.1-14.2 lakh shares based on price band) and offer for sale (OFS) 1.74 cr shares. Bid lot is of 50 shares and in multiple thereof.
Company Financials:
| Particulars | For the year/period ended (₹ in million) | |||
|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 6,087.26 | 5,657.15 | 5,770.44 | 5,110.59 |
| Total Revenue | 4,385.55 | 7,649.76 | 7,860.29 | 6,957.55 |
| Profit After Tax | 388.83 | 304.03 | 331.50 | 358.93 |
Important things for Mrs. Bector Foods IPO
| IPO Opening Date | Dec 15, 2020 |
| IPO Closing Date | Dec 17, 2020 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹286 to ₹288 per equity share |
| Market Lot | 50 Shares |
| Min Order Quantity | 50 Shares |
| Listing At | BSE, NSE |
Mrs. Bectors Food IPO Lot Size
The Mrs. Bectors Food IPO market lot size is 50 shares. A retail-individual investor can apply for up to 13 lots (650 shares or ₹187,200).
