Mrs Bectors Food Specialities, a premium biscuit-maker and main provider of buns to fast-food chains comparable to Burger King and McDonald’s, will launch its Rs 550 crore preliminary public providing (IPO) on December 16. The main market providing shall be open for 3 days from December 16 to December 18, 2020. The shares are prone to be listed on the bourses on December 29.
The transfer by Mrs Bectors Food comes shut on the heels of the just lately launched Burger King IPO, which was oversubscribed a jaw-dropping 157 instances.
Mrs Bectors Food’s is making its second try at tapping the first markets for its funding necessities. It had secured SEBI’s nod for an IPO in 2018, however selected to defer its plans resulting from market circumstances at the moment.
Mrs Bectors Food will use the IPO funds to increase its manufacturing unit at Rajpura in Punjab and for basic company functions.
Incorporated at Ludhiana in 1995, Mrs. Bectors Food Specialities manufactures and markets a variety of biscuits (cookies, lotions, crackers, digestive, and so on.) underneath its flagship model ‘Mrs Bectors Cremica’ and bakery merchandise (bread, buns, pizza bases, desserts, and so on.) underneath the model ‘English Oven’.
Mr Anoop Bector is the promoter of Mrs Bectors Food Specialities.
SBI Capital, ICICI Securities and IIFL Capital are the lead managers to the general public situation of Mrs Bectors Food, whereas Link Intime India is the registrar to the problem.