Mrs Bectors Food Specialties’ Rs 540.54 crore preliminary public providing (IPO) will open for subscription tomorrow i.e. December 15. The preliminary public supply might be open for 3 days, till December 17. The firm has fastened the problem value at Rs 286-288 per share. The shares are more likely to be listed on the bourses on December 28.
The bakery merchandise maker’s IPO consists of a recent subject of Rs 40.54 crore and a suggestion on the market of Rs 500 crore by present shareholders. Linus Private Limited will promote fairness shares price Rs 245 crore, Mabel Private Limited will promote Rs 38.5 crore, GW Crown, Rs 186 crore and GW Confectionary, Rs 30.5 crore.
Mrs Bectors Food Specialties will utilise funds from the recent subject for growth of its Rajpura manufacturing facility.
Retail buyers can apply for a minimal one lot of 50 shares and in multiples thereof, extending as much as 13 tons.
Incorporated in 1995, Mrs Bectors Food Specialties produces quite a lot of biscuits similar to cookies, lotions, crackers, digestives and glucose below the flagship model ‘Mrs Bector’s Cremica’. It additionally manufactures bakery merchandise, together with breads, buns, pizza base and muffins, below model ‘English Oven’. Mr Anoop Bector is the promoter of the corporate.
SBI Capital Markets, ICICI Securities and IIFL Securities are the ebook working lead managers to the general public subject, whereas Link Intime India is the registrar to the problem.
This is the fifteenth IPO on this calendar 12 months after SBI Card, Rossari Biotech, Mindspace Business Parks REIT, Route Mobile, Happiest Minds Technologies, Chemcon Speciality Chemicals, Angel Broking, UTI AMC, Mazagon Dock Shipbuilders, Likhitha Infrastructure, Computer Age Management Services, Equitas Small Finance Bank, Gland Pharma and Burger King India.