Mrs. Bectors Food gets Sebi's go-ahead to float Rs 550-cr IPO

  • 9th Dec'20
  • 94
  • 17
  • 0

Mrs. Bectors Food

 

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. There are only two categories of products in the company's product portfolio. These are Biscuits (cookies, creams, crackers, digestive, etc.) and Bakery products (bread, buns, pizza bases, cakes, etc.).

Biscuits from Mrs. Bectors Food are manufactured and sold under its brand name "Mrs. Bector's Cremica'' whereas "English Oven" is the brand name under which bakery products are manufactured. In the bakery segment, there were a total of 96 products as of June 30, 2020, and 384 items in the biscuit segment.

The products from Bectors food have a huge demand, in India, it sells its products in 23 states, and worldwide it exports its products to 64 countries.

Learn more about the company.

 

Mrs. Bectors Food to float Rs 550-cr IPO

Mrs. Bectors Food filled the preliminary form for Rs 550-cr IPO in October and, according to an update with the Securities and Exchange Board of India (Sebi), it obtained Sebi's observation on November 19.

If any company wants to launch any public issues like initial public offer, follow-on public offer, and rights issue, Sebi's observations are necessary for it.

According to the draft red herring prospectus (DRHP) filed with Sebi, the company offers for sale of Rs 500 crore by existing shareholders and the IPO comprises fresh issuance of shares worth Rs 50 crore.

In the initial share-sale, companies like Linus Private Limited, Mabel Private Limited, GW Confectionery Pte Ltd, and GW Crown Pte Ltd will be offering stocks. And the IPO will be managed by SBI Capital Markets, ICICI Securities, and IIFL Securities. The equity shares will be listed on BSE and NSE.

 

The main motive of Mrs. Bectors Food IPO is to raise funds which will be further utilized in the below-mentioned project:

  1. To finance the cost of the Rajpura Expansion Project.

  2. To meet general corporate purposes.

Get to know about how to apply for an IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.

 

MUST-READ: How to check Gland Pharma Finalised IPO Share Allotment

 

 

How to apply in Mrs. Bectors Food IPO

There are various ways for applying Mrs. Bectors Food IPO online. You can either apply using Unified Payments Interface (UPI) or through ASBA IPO which is easily available in the net banking of your bank account.

 

Here are the steps if you want to apply through the Zerodha website:

  1. Visit the website and login to Console.

  2. Go to Portfolio and click the IPOs link.

  3. Clock the Bid button after going to the 'Mrs. Bectors Food IPO' row.

  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.

You can check Mrs. Bectors Food IPO allotment status here.

 

We, at OpenGrowth, are continually looking for trending startups in the ecosystem. If you want to know any further information about the startup ecosystem or have any mind-boggling ideas, do refer our other blogs.

Sources/References:

*Note: The content published above was made in collaboration with our members.

About the author:

Jyotshana Rani, OpenGrowth Content Team

Jyotsana is very keen to express her views on new topics and wants readers to remember her through her writing. She is passionate about reading and believes that words wield the power of changing the scenario and she uses them to encourage people to the best of her knowledge.


Post Your Comment