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

Dec 15, 2020 - Dec 17, 2020

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

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 Details

Mrs. Bectors Food IPO Date Dec 15, 2020 to Dec 17, 2020
Mrs. Bectors Food IPO Face Value ₹10 per share
Mrs. Bectors Food IPO Price ₹286 to ₹288 per share
Mrs. Bectors Food IPO Lot Size 50 Shares
Issue Size[.] shares of ₹10
(aggregating up to ₹540.54 Cr)
Fresh Issue[.] shares of ₹10
(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
Company Promoters

Mr. Anoop Bector is the promoter of the company.

Mrs. Bectors Food IPO Timeline (Tentative Timetable)

Mrs. Bectors Food IPO opens on Dec 15, 2020, and closes on Dec 17, 2020. The Mrs. Bectors Food IPO bid date is from Dec 15, 2020 10.00 A.M. to Dec 17, 2020 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Mrs. Bectors Food IPO Opening Date Dec 15, 2020
Mrs. Bectors Food IPO Closing Date Dec 17, 2020
Basis of Allotment Dec 22, 2020
Initiation of Refunds Dec 23, 2020
Credit of Shares to Demat Dec 23, 2020
Mrs. Bectors Food IPO Listing Date Dec 24, 2020

Mrs. Bectors Food IPO Lot Size

The Mrs. Bectors Food IPO lot size is 50 shares. A retail-individual investor can apply for up to 13 lots (650 shares or ₹187,200).

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

Mrs. Bectors Food IPO Promoter Holding

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

Mrs. Bectors Food IPO Review

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 Dec 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 Date

Listing Date Thursday, December 24, 2020
BSE Script Code 543253
NSE Symbol BECTORFOOD
Listing In B Group of Securities
ISIN INE495P01012
IPO Price ₹288 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO 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

Company Contact Information

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/

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 Dec 15, 2020, and closes on Dec 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 Dec 15, 2020 and closes on Dec 17, 2020.

Mrs. Bectors Food IPO lot size is 50 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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

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

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1920 Comments

730. Reena Bariya |   Link |Feb 19, 2021 12:31:15 AM
my amount is on line and not revoke i applied through bhim upi
729. Reena Bariya |   Link |Feb 19, 2021 12:29:43 AM
my amount is on line and not revoke
728. ipobull |   Link |Feb 7, 2021 9:20:06 PM
IPO Mentor IPO Mentor (800+ Posts, 800+ 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 |Jan 26, 2021 8:48:07 PM
sell @ current price it will come to 317
727.1. ipobull |   Link |Feb 5, 2021 9:38:06 PM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
Look at its results and then talk
726. IPOKing India |   Link |Jan 18, 2021 6:35:28 PM
Nureca Limited IPO cleared by SEBI
725. Arjun Rajkot |   Link |Dec 31, 2020 11:18:44 AM
IPO Mentor IPO Mentor (500+ Posts, 1000+ 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 |Dec 31, 2020 9:24:10 PM
Gland target?????
725.4. Arjun Rajkot |   Link |Jan 4, 2021 1:46:45 PM
IPO Mentor IPO Mentor (500+ Posts, 1000+ Likes)
SMS 128
GLAND 2450
724. namra |   Link |Jan 3, 2021 4:47:49 PM
Can any one suggest for Orissa mineral at 2500 can i buy at this levels?
723. namra |   Link |Jan 3, 2021 4:47:36 PM
Can any one suggest for Orissa mineral at 2500 can i buy at this levels?
722. Arjun Rajkot |   Link |Dec 31, 2020 8:10:08 PM
IPO Mentor IPO Mentor (500+ Posts, 1000+ Likes)
I have sold all Shares as of Now.
Will Review Buy position Below 500?.
721. Rjking |   Link |Dec 17, 2020 6:50:34 PM
Hi I have applied for 5000 share in nii category...is there any chance I ll get share
721.25. P Patel |   Link |Dec 28, 2020 8:26:24 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 |Dec 31, 2020 3:09:35 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 |Dec 31, 2020 11:02:59 AM
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 |Dec 31, 2020 12:05:18 PM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
Average at present levels and wait for the upmove.
719. ipobull |   Link |Dec 31, 2020 11:28:37 AM
IPO Mentor IPO Mentor (800+ Posts, 800+ 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 |Dec 25, 2020 7:25:36 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 |Dec 30, 2020 5:44:28 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 |Dec 31, 2020 6:09:21 AM
And what about Antony Listing ?
717. karan dhawan |   Link |Dec 29, 2020 6:51:07 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 |Dec 29, 2020 8:57:40 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 |Dec 28, 2020 7:57:19 AM
What''s the prediction for 2-3 days of this share...can it cross 700
716.2. Display |   Link |Dec 28, 2020 6:41:47 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
No, don''t fall into the trap now...
716.3. GURU SAI KRISHNA |   Link |Dec 28, 2020 7:54:31 PM
Iam holding 1 lot , kindly tell anyone can book profit or wait
715. P Patel |   Link |Dec 24, 2020 4:38:48 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 |Dec 26, 2020 7:18:50 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 |Dec 28, 2020 2:22:46 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 |Dec 22, 2020 9:54:14 PM
IPO Mentor IPO Mentor (500+ Posts, 1000+ Likes)
Grey Premium 190₹

Gyani Baba's Said
Lisitng 500 +-10

714.4. Jicks |   Link |Dec 25, 2020 12:26:02 PM
Arjun bhai latest gmp. please
714.5. Vibhor Saxena |   Link |Dec 27, 2020 10:58:04 PM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Jicks ji
What gmp you r asking for?
713. Devilal Hemnani |   Link |Dec 27, 2020 9:10:45 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 |Dec 25, 2020 10:30:08 PM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
Mrs. Bector Food should shall 750 soon because of strong appetite for it.
711. IpoNewbie |   Link |Dec 24, 2020 2:18:40 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 |Dec 25, 2020 6:22:34 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 |Dec 25, 2020 8:25:41 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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