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.
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:
To finance the cost of the Rajpura Expansion Project.
To meet general corporate purposes.
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:
Visit the website and login to Console.
Go to Portfolio and click the IPOs link.
Clock the Bid button after going to the 'Mrs. Bectors Food IPO' row.
Enter your UPI ID, Quantity, and Price.
‘Submit’ IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
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