IPO Market: The IPO of biscuits and bread making company, Mr. Bectors Food, is scheduled to open on Wednesday, December 16, next week.
IPO Market 2020: After Burger King, another IPO is going to be launched in December. The IPO of biscuits and bread making company, Mr. Bectors Food, is scheduled to open on Wednesday, December 16, next week. The company aims to raise Rs 540 crore through this IPO. Mr. Bectors Food also supplies Burger King and Macdonald. Money can be put in an IPO from December 16 to 18. Let us know that the performance of the IPO market has been very good this year. Due to which companies have been bringing IPOs continuously since September. At the same time, there are better chances of earning in the primary market.
How much reserve for
For retail investors: 35% for
qualified institutional investors: 50% for
non-institutional buyers : 15%
IPO Size: The size of the IPO of Mr. Bectors Food is Rs 540 crore. Under this, fresh shares worth 40.54 crore will be issued. At the same time, 500 crore shares will be issued through offer for sale.
Burger King IPO share allocation will be final today, check this way
Price band: The price band for Mr. Bectors Food IPO has been kept at Rs 286-288 per share.
Minimum Investment: The minimum bid lot for this IPO will be 50 shares. That is, it is necessary to invest in at least 50 shares. For this, at least 14400 rupees have to be applied.
Purpose of IPO: The company aims to raise Rs 540 crore through this IPO. The company will expand its business through this fund. At the same time it will also be spent on some casting cast.
Lead Managers: SBI Capital Markets, ICICI Securities and IIFL Securities will be the book running lead managers for the IPO. While Link Intime India will be the registrar for this issue.
What the company does: The company supplies bakery products. The company named ‘English Oven’ sells bakery products and cookies under the name ‘Cremica’. ITC, Britannia Parle are the company’s main competitors in the country.
The company has 6 manufacturing facilities. Of these, 2 are in Punjab, one in Himachal Pradesh, one in Greater Noida, one in Maharashtra and one in Karnataka. From September 2019 to September 2020, the company’s profit has increased by 282 percent in one year.
