Mrs Bectors Food to raise 541 crores from IPO, know the highlights of the issue

Mumbai: Mrs. Bectors Food Specialitie will raise Rs 541 crore from the IPO. The company’s IPO will open on 15 December. The company has kept a price band of Rs 286-288 for the issue.

What is the company’s business?
Mrs. Bectors Food Specialties makes premium biscuits. It supplies buns to fast-food chains. Its customers include large companies such as Burger King and McDonald’s. In the company’s IPO, Lines Private, Mabel Private, GW Crown and GW Confectionery will sell shares worth Rs 500 crore. These companies are shareholders of Mrs. Bectors Food.

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What is the minimum investment required?
In this IPO, the company will issue new shares worth Rs 40.5 crore. Investors will have to bid for at least 50 shares. They will have to invest at least Rs 14400 on the upper price band. In multiples of 50, they can bid for more shares. The company will use the proceeds from the IPO to expand its business. She wants to set up a new unit in Rajpura to make biscuits. It will also use some of the money received from the IPO for its business needs.

When will the shares be listed on the stock exchange?
The company’s shares will be listed on the stock exchanges on December 28. It is expected that the company will list its shares on BSE and NSE. SBI Capital Markets, ICICI Securities and IIFL Securities are the lead managers of the IPO.

Positive sentiment will benefit
Burger King’s IPO was preceded by the IPO of Mrs. Bectors. It received tremendous response from investors. It is among the most subscribed IPOs this year. The company’s shares will be listed on the stock exchanges on Monday. Currently, investors’ sentiment is positive regarding the IPO. The IPO of Mrs. Bectors is expected to benefit from this.

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