Initial Public offer (IPO)- A Initial public offer refers to the process of offering shares of a corporation to the public in a new stock issuance. It allows a company to raise capital from public investors and allows public investors to participate in the offering.
Mrs Bectors Food Specialities IPO– Now Bakery products manufacturer Mrs Bectors Food Specialities will open its Indian Public offering during the period 15-17 December 2020 Here are the complete details of Mrs Bectors Food Specialities IPO.
About the Company- Mrs. Bectors Food Specialities Ltd.
This company was incorporated in 1995. It is one of the leading company in the premium and mid-premium biscuits segment and the premium bakery segment in North India. It manufactures and markets a range of biscuits such as cookies, creams, crackers, digestives, and glucose under its flagship brand “Mrs. Bector’s Cremica”.
It also manufactures and markets bakery products in Savory and sweets categories which include bread, buns, pizza bases, and cakes under its brand “English Oven”.
The company supplies its products to retail consumers in 26 states within India, as well as to reputed QSR chains such as Burger King, MacDonald, etc.
Mrs. Bectors Food has quality certifications and accreditations from- BRC, USFDA, and FSSC, etc.
Competitive Strengths of the company
A) A leader in the biscuits and bakery segments in North India.
B) Well Diversified product portfolio.
C) A leading biscuits exporter to 64 countries.
D) Modern production process.
E) Strong sales and distribution network.
F) It has experienced promoter and management team.
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Risks of the company
A) Inability to anticipate response and meet the consumer’s tastes, preferences.
B) Restriction on the use of the brand name and negative publicity of the products.
C) Continuing effect of the COVID-19 pandemic on its business and operations.
D) Incurring additional debt in the future, exposing us to interest rate fluctuations.
E) Inability to meet the obligations under certain export promotion schemes.
F) Inability to maintain the competitive position ad brand image.
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Financial analysis of Mrs Bectors Food Specialities Ltd.
Here is the financial analysis to opt for Mrs Bectors Food Specialities IPO- For the year/period ended (Rs. in crore)
| Particulars | Apr- Sep 2020 | Apr-Sep 2019 | FY March 2020 | FY March 2019 | FY March 2018 |
|---|---|---|---|---|---|
| Total Assets | 609 | 561 | 566 | 577 | 511 |
| Total Revenue | 431 | 365 | 762 | 784 | 694 |
| Adjusted EBITDA | 72 | 39 | 93 | 96 | 86 |
| Profit After Tax (PBT) | 39 | 10 | 30 | 30 | 36 |
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Mrs Bectors Food Specialities IPO details
Here is the complete details of Mrs Bectors Food Specialities IPO-
| Particulars | IPO Details |
|---|---|
| IPO Opening Date | Dec 15, 2020 |
| IPO Closing Date | Dec 17, 2020 |
| Issue Type | Book Built Issue IPO |
| Issue Amount | Rs. 540.54 Crore |
| Fresh Issue | Rs. 40.54 Crore |
| offer for sale | Rs. 500 Crore |
| Total Share for Sale | 1,87,68,748 – 1,88,99,998 |
| Face Value of Share | Rs. 10 per Share |
| Price Band of IPO | Rs. 286 to 288 |
| Lot Size | 50 Shares and in multiples thereafter |
| Listing At | BSE and NSE |
Mrs Bectors Food Specialities IPO Tentative Time Table
| Particulars | Dates |
|---|---|
| IPO Open Date | Dec 15, 2020 |
| IPO Close Date | Dec 17, 2020 |
| Basis of Allotment Date | Dec 22, 2020 |
| Initiation of Refunds | Dec 23, 2020 |
| Credit of Share to Demat A/c | Dec 24, 2020 |
| IPO Listing Date | Dec 28, 2020 |
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Mrs Bectors Food Specialities IPO FAQ
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Who is the promoter of Mrs Bectors Food Specialities Ltd?
Mr. Anoop Bector is the promoter of the company.
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What is the goal of Mrs Bectors Food Specialities IPO?
Financing the project cost towards Rajpura Expansion Projects and to meet the general corporate purposes.
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What is the minimum lot size?
1 Lot – 50 Shares – Rs. 14,400/-
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What is the maximum lot size?
13 Lot – 650 Shares – Rs. 1,87,200/-
How to apply for an IPO Online?
After getting knowledge about “Mrs Bectors Food Specialities IPO”, it is necessary to know how to apply for an IPO. For this purpose, you can choose Upstox, where apply for an IPO is very easy and you can follow the below-mentioned steps-
- Visit Here
- Log in using your UCC Id and PAN Number
- Enter the birth year to verify your account.
- Click on apply for an IPO section.
- Click on the ‘Details’ button below the widget of the IPO you are choosing to apply for
- Use the details page to go through all the company-related details
- Click on the ‘Place Bid’ button at the bottom
- Enter your UPI ID and click on ‘Continue’
- Enter the lot size and your bid amount and click ‘Continue’
- Confirm the order
You will then see an order confirmation screen telling you whether or not your application was successful.
Disclaimer: Investment in the securities market is subject to market risk. Read all scheme related documents before investing.
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