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Mrs. Bectors Food Specialities Limited IPO (Mrs. Bectors Food IPO) Detail

December 15, 2020 - December 17, 2020

Mrs. Bectors Food IPO is a book built issue of Rs 540.54 crores. The issue is a combination of fresh issue of Rs 40.54 crores and offer for sale of Rs 500.00 crores.

Mrs. Bectors Food IPO bidding started from December 15, 2020 and ended on December 17, 2020. The allotment for Mrs. Bectors Food IPO was finalized on Tuesday, December 22, 2020. The shares got listed on BSE, NSE on December 24, 2020.

Mrs. Bectors Food IPO price band is set at ₹286 to ₹288 per share. The minimum lot size for an application is 50 Shares. The minimum amount of investment required by retail investors is ₹14,400.

ICICI Securities Limited, Iifl Securities Ltd and SBI Capital Markets Limited are the book running lead managers of the Mrs. Bectors Food IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Mrs. Bectors Food IPO RHP for detailed information.

Mrs. Bectors Food IPO Details

IPO Date December 15, 2020 to December 17, 2020
Listing Date December 24, 2020
Face Value ₹10 per share
Price Band ₹286 to ₹288 per share
Lot Size 50 Shares
Total Issue Size[.] shares
(aggregating up to ₹540.54 Cr)
Fresh Issue[.] shares
(aggregating up to ₹40.54 Cr)
Offer for Sale[.] shares of ₹10
(aggregating up to ₹500.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Mrs. Bectors Food IPO Reservation

Mrs. Bectors Food IPO offers 13,236,211 shares. 3,776,502 (28.53%) to QIB, 2,832,378 (21.40%) to NII, 6,608,881 (49.93%) to RII, 18,450 (0.14%) to employees. 132,177 RIIs will receive minimum 50 shares and (sNII) and (bNII) will receive minimum 700 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered3,776,502 (28.53%)NA
NII (HNI) Shares Offered2,832,378 (21.40%)
Retail Shares Offered6,608,881 (49.93%)132,177
Employee Shares Offered18,450 (0.14%)NA
Total Shares Offered13,236,211 (100%)

Mrs. Bectors Food IPO Timeline (Tentative Schedule)

Mrs. Bectors Food IPO opens on December 15, 2020, and closes on December 17, 2020.

IPO Open Date Tuesday, December 15, 2020
IPO Close Date Thursday, December 17, 2020
Basis of Allotment Tuesday, December 22, 2020
Initiation of Refunds Wednesday, December 23, 2020
Credit of Shares to Demat Wednesday, December 23, 2020
Listing Date Thursday, December 24, 2020
Cut-off time for UPI mandate confirmation 5 PM on December 17, 2020

Mrs. Bectors Food IPO Lot Size

Investors can bid for a minimum of 50 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 50 ₹14,400
Retail (Max) 13 650 ₹187,200
Lot Size Calculator

Mrs. Bectors Food IPO Promoter Holding

Mr. Anoop Bector is the promoter of the company.

Share Holding Pre Issue 52.45%
Share Holding Post Issue 51%

About Mrs. Bectors Food Specialities Limited

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

  • A leader in biscuits and bakery segments in North India.
  • Well-diversified product portfolio.
  • Major food certifications i.e. BRC, USFDA, and FSSC.
  • Leading biscuits exporter to 64 countries.
  • Modern production process.
  • Strong sales and distribution network.�

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs 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 388.83 304.03 331.50 358.93

Objects of the Issue (Mrs. Bectors Food IPO Objectives)

The funds raised through the Mrs. Bectors Food IPO are proposed to be utilized towards below objects:

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

Mrs. Bectors Food IPO Review (Apply)

[Dilip Davda]  After posting static performance for FY 18, FY19 and FY20, super performance for H1-FY21 surprises and raises concern. Sustainability of such performance amidst stiff competition from giants and the local players in the segment with organized and unorganized players remains a major worry. Based on FY20 earnings, the issue is priced around 56 P/E while on the basis of FY21 H1 annualized data, P/E is around 22. Thus if we exclude H1 FY 21 super performance, the issue appears fully priced. Since BFSL is in the top few players in the FMCG segment, investors may consider an investment with a medium to long term perspective. Read detail review...


Mrs. Bectors Food IPO Subscription Status (Bidding Detail)

The Mrs. Bectors Food IPO is subscribed 198.02 times on December 17, 2020 5:00:05 PM. 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)

Application Wise IPO Subscription (Retail): 2582218 times

CategorySubscription (times)
QIB176.85
NII620.86
Retail29.33
Employee45.46
Total198.02

Mrs. Bectors Food IPO Prospectus

Mrs. Bectors Food IPO Rating

2860
4.1
Rating:Rated 4.1 stars
Vote Here ...

Mrs. Bectors Food IPO Listing Details

Listing Date December 24, 2020
BSE Script Code 543253
NSE Symbol BECTORFOOD
ISIN INE495P01012
Final Issue Price ₹288 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹288.00
₹501.00
₹500.00
₹601.20
₹595.55
NSE
₹288.00
₹500.00
₹500.00
₹600.00
₹594.20

Check IPO Performance…

Mrs. Bectors Food Specialities Limited Contact Details

Mrs. Bectors Food Specialities Limited
Theing Road, Phillaur
Jalandhar - 144 410
Punjab
Phone: +91 182-6225418
Email: compliance@cremica.in
Website: http://www.cremica.in

Mrs. Bectors Food IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: bector.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Mrs. Bectors Food IPO - Buy or Not

Mrs. Bectors Food IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 5 0 0
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

Mrs. Bectors Food IPO FAQs

Mrs. Bectors Food IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹540.54 Crores. The issue is priced at ₹286 to ₹288 per share. The minimum order quantity is 50 Shares.

The IPO opens on December 15, 2020, and closes on December 17, 2020.

Link Intime India Private 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 IPO using UPI as a payment gateway. Zerodha customers can apply in Mrs. Bectors Food IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Mrs. Bectors Food IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Mrs. Bectors Food IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Mrs. Bectors Food IPO opens on December 15, 2020 and closes on December 17, 2020.

Mrs. Bectors Food IPO lot size is 50 Shares, and the minimum amount required is ₹14,400.

You can apply in Mrs. Bectors Food IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Mrs. Bectors Food IPO will be done on Tuesday, December 22, 2020, and the allotted shares will be credited to your demat account by Wednesday, December 23, 2020. Check the Mrs. Bectors Food IPO allotment status.

The Mrs. Bectors Food IPO listing date is on December 24, 2020.
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Mrs. Bectors Food IPO Message Board

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1920 Comments

730. Reena Bariya |   Link |  Bookmark |February 19, 2021 1:31:15 AM
my amount is on line and not revoke i applied through bhim upi
729. Reena Bariya |   Link |  Bookmark |February 19, 2021 1:29:43 AM
my amount is on line and not revoke
728. ipobull |   Link |  Bookmark |February 7, 2021 10:20:06 PM
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
Its Bector''s time post wonderful results. It has maintained its cash flows and has been making profits. Should reach levels nearer to 600 in a few days.
727. PROFIT KING |   Link |  Bookmark |January 26, 2021 9:48:07 PM
sell @ current price it will come to 317
727.1. ipobull |   Link |  Bookmark |February 5, 2021 10:38:06 PM
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
Look at its results and then talk
726. IPOKing India |   Link |  Bookmark |January 18, 2021 7:35:28 PM
Nureca Limited IPO cleared by SEBI
725. Arjun Rajkot |   Link |  Bookmark |December 31, 2020 12:18:44 PM
IPO Guru IPO Guru (1000+ Posts, 1800+ Likes)
Few People Had Bought Bectors On lisitng
Now 512/-

I had Strictly Told I will Not Invest in Mrs. bector
725.3. PARAG PASAD |   Link |  Bookmark |December 31, 2020 10:24:10 PM
Gland target?????
725.4. Arjun Rajkot |   Link |  Bookmark |January 4, 2021 2:46:45 PM
IPO Guru IPO Guru (1000+ Posts, 1800+ Likes)
SMS 128
GLAND 2450
724. namra |   Link |  Bookmark |January 3, 2021 5:47:49 PM
Can any one suggest for Orissa mineral at 2500 can i buy at this levels?
723. namra |   Link |  Bookmark |January 3, 2021 5:47:36 PM
Can any one suggest for Orissa mineral at 2500 can i buy at this levels?
722. Arjun Rajkot |   Link |  Bookmark |December 31, 2020 9:10:08 PM
IPO Guru IPO Guru (1000+ Posts, 1800+ Likes)
I have sold all Shares as of Now.
Will Review Buy position Below 500?.
721. Rjking |   Link |  Bookmark |December 17, 2020 7:50:34 PM
Hi I have applied for 5000 share in nii category...is there any chance I ll get share
721.25. P Patel |   Link |  Bookmark |December 28, 2020 9:26:24 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
@Tareen

1. If you are lucky ( as its draw ), you will allotted 50 shares.
2. Yes - if allotted ??
3. No Lock in for NIIs
721.26. Johny |   Link |  Bookmark |December 31, 2020 4:09:35 PM
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
@Tareen Abrar
1) Bectors HNI was oversubscribed 620+ times so anyone who applied above 620 lots got confirm allotment rest it is based on lottery which is very difficult then retail lottery.

It is very difficult to get allotment in oversubscribed IPOs in HNI category. It is easier to get allotment in retail category so always apply through multiple retail applications in oversubscribed IPOs and never apply through HNI category.

Many of the experienced boarders including me have been advising this since last many IPOs including Bectors.
720. AMQ |   Link |  Bookmark |December 31, 2020 12:02:59 PM
Hi bought 476 bector food shares at 585.79 with intention of booking profit in a week or 2. Now the price is around 515, can some plz suggest me next step?
720.1. ipobull |   Link |  Bookmark |December 31, 2020 1:05:18 PM
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
Average at present levels and wait for the upmove.
719. ipobull |   Link |  Bookmark |December 31, 2020 12:28:37 PM
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
Nice base building taking place at 513-514 levels even in a lacklustre day. The stock is ripe for a take-off. One can accumulate the stock at these levels with a stop loss at 500. Next qtr results are going to be excellent on YOY basis.
718. phrao |   Link |  Bookmark |December 25, 2020 8:25:36 PM
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Don't buy,
Don't fall in to trap

company financials and performance
very
very
very
Week, max target Rs 615-620

Downside possible Rs. 480-495
With in few days
718.4. phrao |   Link |  Bookmark |December 30, 2020 6:44:28 PM
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
My estimation and prediction 100% correct

Sold my ALLOTTED 50shares@581


Not a worthy company
Don''t fall in trap
718.5. Amit Pathak |   Link |  Bookmark |December 31, 2020 7:09:21 AM
And what about Antony Listing ?
717. karan dhawan |   Link |  Bookmark |December 29, 2020 7:51:07 PM
Dear Sir/Mam,
I have applied for Mrs. Bectors ipo through bhim app but failed, still amount of 14400 is lien in sbi account,listing date is over but yet amount not unblocked, i visited home branch, they said its not in their hand, plz help me out to get the amount unblocked.
717.1. DOWNEY |   Link |  Bookmark |December 29, 2020 9:57:40 PM
When you Submit Ipo on upi Mostly 14? days Date mentioned in Upi creation request , Some time Unblock when allotment , and sometimes take upto 14 day, my previous experience
716. Rjking |   Link |  Bookmark |December 28, 2020 8:57:19 AM
What''s the prediction for 2-3 days of this share...can it cross 700
716.2. Display |   Link |  Bookmark |December 28, 2020 7:41:47 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
No, don''t fall into the trap now...
716.3. GURU SAI KRISHNA |   Link |  Bookmark |December 28, 2020 8:54:31 PM
Iam holding 1 lot , kindly tell anyone can book profit or wait
715. P Patel |   Link |  Bookmark |December 24, 2020 5:38:48 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Some interesting statistics after 1st day of trading …...      
      
Total Shares Offered: 18768750      
      Anchor: 5532539
      QIB: 3776502
      NII : 2832378
      Retail: 6608881
      Employee: 18450
      
Total Shares other than Anchor: 13236211      
      
Todays Deliverable Quantity: 11599904      
      NSE: 10373253
      BSE: 1226651
      
% of shares changed hands: 87.64      
      
No of Lots yet not changed hands..: 32726
715.2. P Patel |   Link |  Bookmark |December 26, 2020 8:18:50 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
@ganesh jaiswal - Agree normally QIB do not sell their shares on first day. But here things looks to be different...

Out of total shares ( excluding Anchor ) 13236211, Total deliverable shares on 1st day is 11599904. So balance 1636307 shares has yet not changed hands.

If we assume from Retail and NII, all have sold on first day, still 2140195 shares left which should be sold by QIB only as Anchor investors have 1 month of lock in period.
715.3. P Patel |   Link |  Bookmark |December 28, 2020 3:22:46 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
So now almost major part of original allottee has sold in this counter.... short term story is done... now those who has vision of long term will enter or hold further... it will go further done from here in coming days...
714. Arjun Rajkot |   Link |  Bookmark |December 22, 2020 10:54:14 PM
IPO Guru IPO Guru (1000+ Posts, 1800+ Likes)
Grey Premium 190₹

Gyani Baba's Said
Lisitng 500 +-10

714.4. Jicks |   Link |  Bookmark |December 25, 2020 1:26:02 PM
Arjun bhai latest gmp. please
714.5. Vibhor Saxena |   Link |  Bookmark |December 27, 2020 11:58:04 PM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Jicks ji
What gmp you r asking for?
713. Devilal Hemnani |   Link |  Bookmark |December 27, 2020 10:10:45 AM
I applied mrs bector food ipo one lot,but I not recieved money n not received share,I enquiry link in time company,He replied your application not consider in allotment procces,why it ?
712. ipobull |   Link |  Bookmark |December 25, 2020 11:30:08 PM
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
Mrs. Bector Food should shall 750 soon because of strong appetite for it.
711. IpoNewbie |   Link |  Bookmark |December 24, 2020 3:18:40 PM
Applied for 2900 shares or 58 lots not showing in boA
Might be due to this was a technical rejection ?
Also what are common reason for technical rejection ?
711.7. P Patel |   Link |  Bookmark |December 25, 2020 7:22:34 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Again if you read at the end of paragraph above the table, they have mentioned "Sample" data.
711.8. Johny |   Link |  Bookmark |December 25, 2020 9:25:41 PM
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
@IpoNewbie - not each and every category (based on number of lots applied) is shown in BoA published. Published BoA has only sample allotments. You were not allotted as NII was oversubscribed 620+ times so anyone applied for 621 lot or more gets firm allotment below that it is pure lottery which is very difficult. Next time in oversubscribed IPOs instead of applying in NII apply multiple retail applications.
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