Mrs Bectors Food Specialists IPO – Review, Allotment, Subscription, GMP & more

Let’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 Specialists IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

Face ValueRs 10
Price BandRs [●]
Listing AtBSE, NSE
Min. Order Quantity[●]
Listing Date [●]
Offer for SaleRs 5000 MILLION
Fresh IssueRs 500 MILLION
IPO SizeRs 5,500 MILLION
Tick Size[●]

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 Share Price – Live Performance

Mrs Bectors Food Specialists IPO – Summary

Mrs Bectors Food Specialists IPOThey 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 not known yet.


Mrs Bectors Food Specialists IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –     
3rd Day –     
    
    

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


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
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Mrs Bectors Food Specialists IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed. 


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.[●] per equity share aggregating to Rs.5,500 million.


Mrs Bectors Food Specialists IPO Share Offering

Fresh Issue: The Fresh Issue of [●] Equity Shares by their Company, aggregating to Rs.500 million,

Issue Size: [●] Equity Shares of Rs.10 each, aggregating to Rs.5,500 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 NA. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Mrs Bectors Food Specialists Share Price

Mrs Bectors Food Specialists IPO Grey Market Premium

The Mrs Bectors Food Specialists IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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.

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 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-2030-Jun-1931-Mar-2031-Mar-1931-Mar-18
Total Assets5,947.065,594.585,657.155,770.445,110.59
Total Revenue2,037.551,757.457,649.767,860.296,957.55
Total Expense1,825.411,694.097,258.337,354.416,429.31
Profit After Tax158.7241.63304.03331.50358.93

Earnings per Equity Share (in INR MIllions)

30-Jun-2030-Jun-1931-Mar-2031-Mar-1931-Mar-18
Basic2.770.735.315.796.27
Diluted2.770.735.305.786.26

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.5,500 million
of which:
Fresh issueUp to [●] Equity Shares aggregating up to Rs.500
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 OfferUp to [●] Equity Shares aggregating up to Rs.[●]
million
 Of which:
QIB PortionNot more than [●] Equity Shares
Non-Institutional CategoryNot less than [●] Equity Shares
Retail CategoryNot less  than [●] Equity Shares
 Equity Shares outstanding prior to the Issue57,267,922 Equity Shares
 Equity Shares outstanding after the Issue[●] Equity Shares

Mrs Bectors Food Specialists 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.


List of Upcoming IPOs in 2018

Pommys Garments IPOIndo US Biotech IPOMedibios Laboratories IPOHariom Pipe IPO
R R Industrial IPOSorich Foils IPO20 Microns IPOShree Vasu Logistics IPO

Mrs Bectors Food Specialists 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 EPSDiluted EPSRONW (%)NAV (Rs.)
31-Mar-205.315.309.52
31-Mar-195.795.7811.25
31-Mar-186.276.2613.4655.76
  • Competitive Peers:
CompanyEPS (Basic)P/E ratioNAV per shareRoNWFace value per share
Mrs. Bectors Food Specialists5.31[●]55.769.52%10
Peer Group
Nestle204.2876.33200.41101.93%10
Britannia58.3563.96183.0931.65%1
Pratap Snacks20.0129.96259.247.72%5
DFM Foods4.8770.3229.0316.79%2

List of Latest IPOs of 2018

Fine Organic IPOIndoStar Capital IPOCapricorn Food Products IPOFlemingo Travel Retail IPO
Nazara Technologies IPOGenius Consultants IPORail Vikas Nigam IPOVerroc Engineering IPO

Mrs. Bectors Food Specialists Industries 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

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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

Subscribe to Mrs Bectors Food Specialists IPO

    Fill the Details Below
    1. Subscribe to IPOOpen Demat Account


    Mrs Bectors Food Specialists IPO News

    News 1 – IPO ISSUE OPENS SOON (Download Prospectus)

    Calculate your return on investment!



    Asset ClassROI (Rs.)Profit (Rs.)Profit (%)
    IPO
    Equity
    Savings
    Real Estate
    Gold
    Bonds
    Fixed Deposit
    Mutual Fund

    Market Guide

    What is IPO?
    IPO Investment
    IPO Valuation
    Upcoming IPOs

    Featured Topics

    Featured Topics
    Best Discount Broker in India
    Best Full Service Broker in India
    Best Stock Broker in India
    Best Intraday Trading Brokers in India
    Best Demat Account
    Brokerage Calculator
    Top 10 Sub Broker Partner in India
    Sub Broker Franchise
    Broking Franchisee
    Get 100% IPO Allotment Guarantee! Subscribe to IPO
    ×

    Share your details & Become Sub Broker Now!

      1. Become Sub Broker

      Offer valid for limited time.

      ×

      Share your details & Open Demat A/C Now!

        1. Open Demat Account

        Offer valid for limited time.

        ×

        Share your details & Get IPO Allotment Now!

          1. Invest in IPO

          Offer valid for limited time.

          ×

          Share your details & Invest in PMS Now!

            1. Invest in PMS / AIF / PCG

            Offer valid for limited time.