Bookbuilding IPO | ₹541 Cr | Listed at BSE, NSE | Tue, Dec 15, 2020 - Thu, Dec 17, 2020
Mrs.Bectors Food Specialities IPO is a book build issue of ₹540.54 crores. The issue is a combination of fresh issue of 0.14 crore shares aggregating to ₹40.57 crores and offer for sale of 1.74 crore shares aggregating to ₹499.97 crores.
Mrs.Bectors Food Specialities IPO bidding started from Dec 15, 2020 and ended on Dec 17, 2020. The allotment for Mrs.Bectors Food Specialities IPO was finalized on Dec 22, 2020. The shares got listed on BSE, NSE on Dec 24, 2020.
Mrs.Bectors Food Specialities IPO price band is set at ₹288 per share. The lot size for an application is 50. The minimum amount of investment required by an retail is ₹14,400 (50 shares) (based on upper price). The lot size investment for sNII is 14 lots (700 shares), amounting to ₹2,01,600, and for bNII, it is 70 lots (3,500 shares), amounting to ₹10,08,000.
The issue includes a reservation of up to 18,315 shares for employees offered at a discount of ₹15.00 to the issue price.
ICICI Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Mrs.Bectors Food Specialities IPO RHP for detailed Information.
IPO Open
Tue, Dec 15, 2020
IPO Close
Thu, Dec 17, 2020
Issue Price
₹288 per share
Market Cap (Pre-IPO)
₹1,691.90 Cr
| IPO Date | 15 to 17 Dec, 2020 |
| Listed on | Thu, Dec 24, 2020 |
| Face Value | ₹10 per share |
| Price Band | ₹286 to ₹288 |
| Issue Price | ₹288 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹15.00 |
| Total Issue Size | 1,87,69,701 shares (agg. up to ₹541 Cr) |
| Fresh Issue | 14,08,592 shares (agg. up to ₹41 Cr) |
| Offer for Sale | 1,73,61,109 shares of ₹10 (agg. up to ₹500 Cr) |
| Share Holding Pre Issue | 5,73,37,922 shares |
| Share Holding Post Issue | 5,87,46,514 shares |
| BSE Script Code / NSE Symbol | 543253 / BECTORFOOD |
| ISIN | INE495P01012 |
Mrs.Bectors Food Specialities IPO comprises a total issue size of 1,87,69,701 shares. The net offer to the public is 1,87,51,386 shares, after excluding 18,315 shares under a preferential allotment. Of the Net offer 93,75,692 (50.00%) are allocated to QIB, 28,12,708 (15.00%) allocated to NII 65,62,986 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 93,75,692 | 50.00% | 49.95% | NA |
| − Anchor Investor Shares Offered | 56,25,415 | 29.97% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 37,50,277 | 19.98% | NA | |
| NII (HNI) Shares Offered | 28,12,708 | 15.00% | 14.99% | NA |
| Retail Shares Offered | 65,62,986 | 35.00% | 34.97% | 1,31,259 |
| Preferential Reservations | ||||
| Employee Shares Offered | 18,315 | 0.10% | NA | |
| Total Shares Offered | 1,87,69,701 | 100.00% | 100.00% | |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹14,400 |
| Retail (Max) | 13 | 650 | ₹1,87,200 |
| S-HNI (Min) | 14 | 700 | ₹2,01,600 |
| S-HNI (Max) | 69 | 3,450 | ₹9,93,600 |
| B-HNI (Min) | 70 | 3,500 | ₹10,08,000 |
Mrs.Bectors Food Specialities IPO raises ₹162.01 crore from anchor investors. Mrs.Bectors Food Specialities IPO Anchor bid date is December 14, 2020.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Dec 14, 2020 |
| Shares Offered | 56,25,415 |
| Anchor Portion (₹ Cr.) | 162.01 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Jan 21, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Mar 22, 2021 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 1995, Mrs. Bectors Food Specialities Ltd is one of the leading companies in the premium bakery segment and premium and mid-premium biscuit segment in North India. The company's product portfolio mainly consists of two categories of products; Biscuits (cookies, creams, crackers, digestive, etc.) and Bakery products (bread, buns, pizza bases, cakes, etc.).
Mrs. Bectors manufactures and sells biscuits under its brand name "Mrs. Bector's Cremica" whereas bakery products are manufactured under the brand name of "English Oven" and offered in the premium market segments such as Delhi NCR, Mumbai, and Bengaluru. As of June 30, 2020, its bakery segment has a total of 96 products and the Biscuits segment has a total of 384 items.
All of its products are manufactured in-house across 6 strategically located manufacturing units in 5 different cities i.e. Maharashtra, Karnataka, UP, Himachal Pradesh, and Punjab. The company has a very strong distribution network of 154 super-stockists and 644 distributors supplying products through 458,000 retail outlets and 3,594 preferred outlets. It sells its products to 23 states in India and also exports its products under its own brand name and third-party private labels to 64 countries all over the world.
Competitive Strengths
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Financing the project cost towards Rajpura Expansion Project | 40.54 |
The Mrs. Bectors Food IPO is subscribed 198.02 times on December 17, 2020 5:00:05 PM (Day 3). The public issue subscribed 29.33 times in the retail category, 176.85 times in the QIB category, and 620.86 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 176.85 | 37,76,502 | 66,78,64,500 |
| NII | 620.86 | 28,32,378 | 1,75,85,10,550 |
| Retail | 29.33 | 66,08,881 | 19,38,28,350 |
| Employee | 45.46 | 18,450 | 8,38,800 |
| Total | 198.02 | 1,32,36,211 | 2,62,10,42,200 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs | 12.31 |
| 2 | Advertising and marketing expenses | 5.65 |
| 3 | Fees payable to the Registrar to the Offer | 2.47 |
| 4 | Brokerage and selling commission payable to SCSBs, Registered Brokers, RTAs and CDPs,as applicable | 0.97 |
| 5 | Processing fees to the SCSBs and to the Sponsor Bank for ASBA Forms procured by Registered Brokers, RTAs or CDPs | 3.39 |
| 6 | Printing and distribution of issue stationery | 2.10 |
| 7 | Fees to regulators, including stock exchanges | 0.91 |
| 8 | Book building, listing fees and other regulatory expenses; | 1.78 |
| 9 | Fees payable to legal counsel; and | 1.01 |
| 10 | Miscellaneous | 2.92 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹288.00 | ₹288.00 |
| Open | ₹501.00 | ₹500.00 |
| Low | ₹500.00 | ₹500.00 |
| High | ₹601.20 | ₹600.00 |
| Last Trade | ₹595.55 | ₹594.20 |
Mrs.Bectors Food Specialities IPO is a main-board IPO of 1,87,69,701 equity shares of the face value of ₹10 aggregating up to ₹541 Crores. The issue is priced at ₹288 per share. The minimum order quantity is 50.
The IPO opens on Tue, Dec 15, 2020, and closes on Thu, Dec 17, 2020.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Mrs.Bectors Food Specialities IPO using UPI as a payment gateway. Zerodha customers can apply in Mrs.Bectors Food Specialities IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mrs.Bectors Food Specialities IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mrs.Bectors Food Specialities IPO opens on Tue, Dec 15, 2020 and closes on Thu, Dec 17, 2020.
Mrs.Bectors Food Specialities IPO lot size is 50, and the minimum amount required for application is ₹14,400.
You can apply in Mrs.Bectors Food Specialities IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Mrs.Bectors Food Specialities IPO will be done on Tuesday, December 22, 2020, and the allotted shares will be credited to your demat account by Wed, Dec 23, 2020. Check the Mrs.Bectors Food Specialities IPO allotment status.
The Mrs.Bectors Food Specialities IPO listing date is on Thu, Dec 24, 2020.
