Mrs Bectors Food's Rs 540-cr IPO to open on

Mrs Bectors Food's Rs 540-cr IPO to open on 15^th Dec 2020

 

Mrs Bectors Food Specialities initial public offer of Rs 540-crore will open on Tuesday, 15^th December 2020 for public subscription. The price band has been fixed at Rs 286-288 per share for the initial public offering. The IPO comprises fresh issuance of shares worth Rs 40.54 crore and offer for sale to the tune of Rs 500 crore by existing shareholders.

 

The initial share-sale will open on December 15 for public subscription and close on December 17. Net proceeds of the issue would be utilised for financing the project cost towards expansion of the Rajpura manufacturing facility by establishing a new production line for biscuits and for general corporate purpose

 

Mrs Bectors Food manufactures and markets a range of products such as biscuits, breads and buns. It markets a wide variety of biscuits and bread under the flagship brand "Mrs Bector''s Cremica" and the "English Oven" respectively.

 

Linus Private Limited, Mabel Private Limited , GW Confectionary Pte Ltd and GW Crown Pte Ltd will be offering stocks in the initial share-sale. SBI Capital Markets, ICICI Securities and IIFL Securities will manage the company''s initial public offer (IPO).The equity shares will be listed on BSE and NSE.