Mrs. Bectors Food Specialities Limited IPO

Mrs. Bectors Food Specialities Limited IPO

Mrs. Bectors Food Specialities Limited IPO is a Mainstream IPO, which is open for all investors from 15th December 2020, Tuesday to 17th December 2020, Thursday. Promoters are offering --- equity shares to public through this issue which is worth of Rs 540.54 Crores. For other IPO details on Mrs. Bectors Food Specialities Limited IPO, scroll below

IPO Details

Grey Market Premium of Mrs. Bectors Food Specialities Limited IPO

GMP of Mrs. Bectors Food Specialities Limited IPO is currently Not Available. Grey Market Premium will be updated once it’s available

Company Background

Mrs. Bectors Food Specialities Limited IPO is a Jalandhar based biscuit and bakery products manufacturer, with an annual revenue of Rupees 43855.5 lakhs.

  • largest supplier of buns in India to reputed QSR chains such as Burger King India Limited, Connaught Plaza Restaurants Private Limited, Hardcastle Restaurants Private Limited, and Yum! Restaurants (India) Private Limited
  • Distributed biscuits across 23 states in India, through our widespread network of 196 super-stockists and 748 distributors supplying to wide range of customers through 458,000 retail outlets  and 4,422 preferred outlets
  • As of September 30, 2020, company had 2,698 permanent employees.
  • Company has insurance policies for manufacturing  facilities, offices, buildings, machinery, equipment, products, marine cargo or transport, interruption and damage due to fire as well personal accident coverage and mediclaim policies for our employees. Company also has a director’s and officer’s liability insurance, public liability industrial and storage policy for the Company.

Date of Incorporation

Mrs. Bectors Food Specialities Limited was incorporated as “Quaker Cremica Foods Private Limited” on 15th September 1995. Name of the company was finally changed on 10th December 2001 with a Corporate Identification Number, U74899PB1995PLC033417

Promoters of Mrs. Bectors Food Specialities Limited

Mr. Anoop Bector is the sole promoters of the company.

Product & Services Offered

Company offers following products to its customers:-

Biscuits

  • Cookies, Trufills, Cream, Digestive, Crackers, Glucose

Bakery Products

  • Brown Breads, Fruit / Sweet, Indian Indulgence, Premium Health Breads, Western Treat, White Breads, Center Filled Buns,
  • Buns,
  • Brown Breads, Indian Indulgence, Premium Health Breads, Western Treat, White Breads, Center Filled Buns, Bun
  • Cakes

Clientele base of the company

Company caters

  • 23 states in India

Purpose of this IPO

Purpose of the issue:

  • To finance the cost of Rajpura Expansion Project.
  • To meet general corporate purposes.

Mrs. Bectors Food Specialities Limited IPO Issue Details

Issue Details
Issue Open 15th December 2020, Tuesday Issue Close 17th December 2020, Thursday
Issue Type Book Built Issue IPO Face Value Rs 10 Per Equity Share
Price Band ₹286 to ₹288 per equity share Bid Lot & Minimum order quantity 50 Shares
Issue Size Rs — Crore Listing at BSE, NSE

IPO Timeline

Tentative IPO Timeline
Bid Opens on 15th December 2020, Tuesday Bid Closes on 17th December 2020, Thursday
Finalization of basis of allotment 22nd December 2020, Tuesday Initiation of Refunds 23rd December 2020. Wednesday
Credit of shares to demat account 24th December 2020, Thursday Listing Date 28th December 2020, Monday

Company Financials

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 388.83 304.03 331.5 358.93

Ratings & Reviews of Mrs. Bectors Food Specialities Limited IPO

As per experts one could apply for the IPO for a longer term

  • IPO is fairly priced

Investors are advised to conduct proper due diligence before investing in this IPO

Red Herring Prospectus of Mrs. Bectors Food Specialities Limited IPO

IPO Lead Managers

ICICI Securities Limited, IIFL Holdings Limited, SBI Capital Markets Limited are managing the IPO

Address of Mrs. Bectors Food Specialities Limited

Mrs. Bectors Food Specialities Limited
Theing Road, Phillaur
Jalandhar – 144 410
Punjab
Phone: +91 182-6225418

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