There’s a new addition to the slew of IPOs that are slated to hit the Indian stock markets in the near future. Mrs Bectors Food Specialities ltd IPO is one of the most recent issues to have the documents filed with the Securities and Exchange Board of India for approval. If you’re interested to know more about the upcoming IPO, continue reading.
About the company
Incorporated as early as the year 1995, Mrs Bectors Food Specialities Limited is currently one of the country’s leading biscuit, ice cream, and bread makers. The company’s two primary brands - ‘Mrs. Bector’s Cremica’ and ‘English Oven’ enjoy a strong brand equity and are well-recognized amongst the Indian public.
The company not only caters to retail individual customers, but also supplies raw materials to large fast food chains like McDonald’s and Burger King. Mrs Bectors Food Specialities Limited is also involved in the export of biscuits from India. The company has exported biscuits under their own brand names as well as other third-party labels to around 61 different countries in the world.
With a total net income of Rs. 764.97 crores and a net profit of around Rs. 30.40 crores as of March 31, 2020, the company has been doing quite well and is now looking to scale up its operations.
Mrs Bectors Food Specialities Ltd IPO details
Now that you’ve been introduced to this company, here are some of the important Mrs Bectors Food IPO details such as the Mrs Bectors IPO date and the Mrs Bectors Food Specialities Ltd share price, among others.
Mrs Bectors Food Specialities Ltd IPO date
Mrs Bectors IPO opens from 15 Dec 2020 – 17 Dec 2020.
Mrs Bectors Food Specialities Ltd IPO issue 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).
Mrs Bectors Food Specialities Ltd share price
The price band of the Mrs Bectors Food IPO is 286 – 288.
Mrs Bectors Food Specialities Ltd IPO listing
The upcoming Mrs Bectors Food IPO is proposed to be listed on both the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE). The company has received in-principle approvals from both the stock exchanges in this regard.
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