Mrs Bectors Food Specialists IPO – Review, Allotment, Subscription, GMP & more
Last Updated Date: Aug 07, 2023Let’s have a detailed review of the company and analytics of the Mrs Bectors Food Specialists IPO release date, IPO offer price, subscription, Mrs Bectors Food IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 286 – Rs 288 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 50 |
| Listing Date | Dec 28, 2020 |
| Offer for Sale | Rs 5000 MILLION |
| Fresh Issue | Rs 405.40 MILLION |
| IPO Size | Rs 5,405.40 MILLION |
| Tick Size | 1 |
Mrs Bectors Food Specialists IPO is listed at [●] premium. Check out the live share price by clicking on the below link.
Mrs Bectors Food Specialists IPO – Summary
They are one of the leading companies in the premium and mid-premium biscuits segment and the premium bakery segment in North India, according to the Technopak Report.
They manufacture and market a range of their biscuits such as cookies, creams, crackers, digestives and glucose under their flagship brand ‘Mrs. Bector’s Cremica’. The company also manufactures and markets bakery products in savoury and sweet categories which include breads, buns, pizza bases and cakes under their brand ‘English Oven’.
The Promoter of this company is Mr. Anoop Bector. The lead managers to the issue are SBI Capital Markets Limited, ICICI Securities Limited, IIFL Holdings Limited and the Registrar to this issue is Link Intime India Private Limited.
Mrs Bectors Food Specialists IPO Date
The opening and the closing date of IPO of Mrs. Bectors Food Specialists Limited is Dec 15, 2020 – Dec 17, 2020.
Mrs Bectors Food Specialists IPO Subscription
| Day / Date | QIB | NII | RII | Employee | Total Subscription |
| 1st Day – Dec 15 | 0.02x | 1.37x | 6.83x | 9.46x | 3.72x |
| 2nd Day – Dec 16 | 4.40x | 8.05x | 15.97x | 30.40x | 10.99x |
| 3rd Day – Dec 17 | 176.85x | 620.86x | 29.33x | 45.46x | 198.02x |
| Shares Offered | 3,776,502 | 2,832,378 | 6,608,881 | 18,450 | 13,236,211 |
The shares subscribed by the public will be updated here.
Mrs Bectors Food Specialists IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.
Mrs Bectors Food Specialists Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing and more:
| Basis of Allotment Finalization | Dec 22, 2020 |
| Refunds Initiation | Dec 23, 2020 |
| Credit of Shares to Demat Account | Dec 24, 2020 |
| Share Listing Date | Dec 28, 2020 |
Mrs Bectors Food Specialists IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is Rs 286 – Rs 288.
Mrs Bectors Food Specialists IPO Equity Size
This Initial Public Issue of [●] Equity Shares of Rs.10 each for cash at a price of Rs 286 – Rs 288 per equity share aggregating to Rs.5,405.40 million.
Mrs Bectors Food Specialists IPO Share Offering
Fresh Issue: The Fresh Issue of [●] Equity Shares by their Company, aggregating to Rs.405.40 million,
Issue Size: [●] Equity Shares of Rs.10 each, aggregating to Rs.5,405.40 million
Offer for Sale: Offer for sale consists of Up to [●] Equity Shares of face value of Rs.10 each, aggregating Rs.5,000 million.
Mrs Bectors Food Specialists IPO – Live Performance
The listing date of this IPO is Dec 28, 2020. You can check the live performance of the IPO here, only after it is listed on exchanges.
Mrs Bectors Food Specialists IPO Grey Market Premium
The Mrs Bectors Food Specialists IPO Grey Market Premium price is Rs 190-200, the Kostak rate is Rs 550 and the Subject to Sauda is 7000.
Mrs. Bectors Food Specialists Limited Limited – Company Overview
Mrs. Bectors Food Specialists Limited was incorporated as Quaker Cremica Foods Private Limited on September 15, 1995, as a private limited company under the Companies Act, 1956.The name of the Company was changed to Mrs. Bectors Food Specialities Private Limited as approved by the shareholders by way of a resolution dated December 15, 1999.
The Mrs. Bectors Food Specialists Limited is engaged in the business of non-glucose biscuits and premium breads segment in North India, according to Technopak Report, with products sold under the well-recognized brands, ‘Mrs. Bector’s Cremica’ and ‘English Oven’.
They manufacture and market a range of products such as biscuits, breads and buns, catering primarily to retail consumers in 11 states within India as well as to reputed institutional customers pan-India.exported biscuits under their brand as well as under third party private labels to 61 countries in Financial Year 2018.
The company markets a wide variety of biscuits under their flagship brand.They manufacture and market breads under the ‘English Oven’ brand, which currently caters to the premium bread segment in Delhi NCR and Maharashtra.
They categorize their services into:-
i) Biscuits
ii) Breads
iii) Buns
Competitive Strengths of Mrs. Bectors Food Specialists Limited
- One of the leading brands in biscuits and bakery businesses in North India with an ability to establish brands
- A leading exporter of biscuits
- Established presence in retail and institutional bakery business
- Modern and automated production processes with a focus on quality control
- Wide spread and established sales and distribution network
- Experienced promoter and management team
Business strategies of Mrs. Bectors Food Specialists Limited
- Focusing on growth in premium biscuits and bakery segment to improve margin
- Focus on product development in biscuits and bakery segments
- Expand their product reach in India and globally
- Expansion of their distribution network through diversification
- Focus on increasing their brand awareness
Mrs. Bectors Food Specialists Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary
| Amount (in INR & Millions) | |||||
| 30-Jun-20 | 30-Jun-19 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 5,947.06 | 5,594.58 | 5,657.15 | 5,770.44 | 5,110.59 |
| Total Revenue | 2,037.55 | 1,757.45 | 7,649.76 | 7,860.29 | 6,957.55 |
| Total Expense | 1,825.41 | 1,694.09 | 7,258.33 | 7,354.41 | 6,429.31 |
| Profit After Tax | 158.72 | 41.63 | 304.03 | 331.50 | 358.93 |
Earnings per Equity Share (in INR Millions)
| 30-Jun-20 | 30-Jun-19 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Basic | 2.77 | 0.73 | 5.31 | 5.79 | 6.27 |
| Diluted | 2.77 | 0.73 | 5.30 | 5.78 | 6.26 |
As per the Restated Financial Statements
For the Financial Years 2020, 2019, 2018, the period April 1, 2020 to June 30, 2020 and the period April 1, 2019 to June 30, 2019, their revenue from operations was Rs. 7,621.22 million, Rs. 7,836.65 million, Rs. 6,939.65 million, Rs.2,028.48 million and Rs. 1,750.72 million respectively. Their revenue from operations has grown by 15.87% from June 30, 2019 to June 30, 2020, respectively.
In Financial Years 2020, 2019, 2018, the period April 1, 2020 to June 30, 2020 and the period April 1, 2019 to June 30, 2019, they recorded EBITDA of Rs. 928.53 million, Rs. 961.50 million, Rs. 855.04 million, Rs. 345.05 million and Rs. 201.78 million respectively. Their EBITDA has grown by 71% from June 30, 2019 to June 30, 2020, respectively.
For Financial Years 2020, 2019, 2018, the period April 1, 2020 to June 30, 2020 and the period April 1, 2019 to June 30, 2019, their net profit was Rs. 304.03 million, Rs. 331.50 million, Rs. 358.93 million, Rs. 158.72 million and Rs. 41.63 million, respectively. Their net profit has grown by 281.22% from June 30, 2019 to June 30, 2020 respectively.
Mrs Bectors Food Specialists IPO – Promoters
The Promoter of this company is: Mr. Anoop Bector
List of Related Parties (Key Managerial Personnel)
- Mr. Subhash Agarwal, Chairman and Independent Director
- Mr. Parveen Kumar Goel, Chief Financial Officer
- Mr. Atul Sud, Company Secretary and Compliance Officer
Interest in promotion of the Company
Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.
Property Interest
The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.
Interest in Intellectual Rights of the Company
Promoters has not shown any interest in acquiring the intellectual rights of the company.
Mrs Bectors Food Specialists IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to [●] Equity Shares aggregating up to Rs.5,405.40 million |
| of which: | |
| Fresh issue | Up to [●] Equity Shares aggregating up to Rs.405.40 million |
| Offer For Sale |
Up to [●] Equity Shares aggregating up to Rs.5,000 million |
| Employees Reservation Portion |
Up to [●] Equity Shares aggregating up to Rs.[●] million |
| Net Offer | Up to [●] Equity Shares aggregating up to Rs.[●] million |
| Of which: | |
| QIB Portion | Not more than [●] Equity Shares |
| Non-Institutional Category | Not less than [●] Equity Shares |
| Retail Category | Not less than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 57,267,922 Equity Shares |
| Equity Shares outstanding after the Issue | [●] Equity Shares |
Mrs Bectors Food IPO Issue Object
These are the IPO Issue Objects of the company-
1. Financing the project cost towards expansion of the Rajpura Manufacturing Facility by establishing a new production line for biscuits (“Rajpura Expansion Project”); and
2. General corporate purposes.
Mrs Bectors Food IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- One of the leading brands in biscuits and bakery businesses in North India
- One of the leading exporter of biscuits
- Established presence in retail and institutional bakery business
- Modern and automated production process with a focus on quality control
- Wide spread and established sales and distribution network
- Experienced promoter and management team
The relevant quantitative factors are:
| Basic EPS | Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-20 | 5.31 | 5.30 | 9.52 | – |
| 31-Mar-19 | 5.79 | 5.78 | 11.25 | – |
| 31-Mar-18 | 6.27 | 6.26 | 13.46 | 55.76 |
- Competitive Peers:
| Company | EPS (Basic) | P/E ratio | NAV per share | RoNW | Face value per share |
| Mrs. Bectors Food Specialists | 5.31 | [●] | 55.76 | 9.52% | 10 |
| Peer Group | |||||
| Nestle | 204.28 | 76.33 | 200.41 | 101.93% | 10 |
| Britannia | 58.35 | 63.96 | 183.09 | 31.65% | 1 |
| Pratap Snacks | 20.01 | 29.96 | 259.24 | 7.72% | 5 |
| DFM Foods | 4.87 | 70.32 | 29.03 | 16.79% | 2 |
Mrs. Bectors Food IPO Lead Managers
| Lead Managers |
| SBI Capital Markets Limited
ICICI Securities Limited IIFL Holdings Limited |
Mrs Bectors Food Specialists IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C-101, 1st Floor, 247 Park L.B.S. Marg, Vikhroli (West) Mumbai 400 083 Maharashtra, India Tel: (+91 022) 4918 6200 E-mail: bector.ipo@linkintime.co.in Investor Grievance E-mail: bector.ipo@linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration No.: INR000004058 |
Mrs Bectors Food IPO – Other Details
- Statutory Auditor – B S R & Associates LLP, Chartered Accountants
- Legal Counsel to the Company – Shardul Amarchand Mangaldas & Co
- Bankers to the Company – HDFC Bank Limited, ICICI Bank Limited
Mrs Bectors Food Specialists IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Mrs Bectors Food Specialists IPO News
News 1 – IPO ISSUE OPENS SOON (Download Prospectus)
Mrs Bectors Food IPO Review FAQs
Ques – What is the Issue Size of Mrs Bectors Food Specialists IPO?
Answer – The Company is making an initial public offer of [●] equity shares. You can refer to the article for further information of the offer for sale and fresh issue size.
Ques – What is the Price band?
Answer – The price band for this particular IPO ranges between Rs 286 – Rs 288. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Mrs Bectors Food Specialists IPO Open Date?
Answer – The opening and closing date for the IPO have been updated. The IPO is set to open on Dec 15, 2020, while the closing date is set at Dec 17, 2020.
Ques – What is the IPO Allotment Date?
Answer – We also have the news regarding the respective allotment dates. Basis of Allotment finalization is on Dec 22, 2020, refund initiation is on Dec 23, 2020, credit of shares is on Dec 23, 2020 and share listing date is on Dec 28, 2020.
Ques – What is the IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges BSE as well as NSE. Date when the listing shall be done is Dec 28, 2020.
Ques – Who is the Registrar of this IPO?
Answer – One of the reputed registrars are managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on a lookout for.
Ques – Who is the Promoter of this Company?
Answer – There is one individual promoter of this company – Mr. Anoop Bector. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is GMP of Mrs Bectors Food Specialists IPO?
Answer – We have obtained the GMP of this IPO and it is 190-200. The further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Mrs Bectors Food Specialists IPO good for Investment?
Answer – The company does make a good enough option for investment. They have a pretty good presence in the market and have contracts from both local as well as international market. The further financial standing and information on the company is presented in the article for your reference.
Ques – What is the PAT of this Company?
Answer – We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the financial year 2020 is 304.03, 2019 is 304.03, 2018 is 358.93. PAT from June 2020 is 158.72.
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