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Mrs Bectors Food Specialities Ltd IPO

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One of the leading players in the premium and mid-premium bakery segment, Mrs. Bectors Food Specialities Limited is coming out with its Initial Public Offering on December 15th and the IPO will close on December 17th.  

About the Offer - 

The offer comprises of a Fresh Issue (₹40.5 cr) and an Offer for Sale (₹500cr) aggregating to ₹541cr. Proceeds from the fresh issue are proposed to be utilized for financing the project cost towards expansion of the Rajpura Manufacturing Facility in Punjab by establishing a new production line for biscuits.

Company Background

Mrs. Bectors Food Specialities Limited (MBFSL) is one of the leading companies in the premium and mid-premium biscuits segment and the premium bakery companies in the North Indian (Source: Technopak Report). It manufactures and markets its premium and mid-premium biscuits under its flagship brand ‘Mrs. Bector’s Cremica’ and its bakery products in savory and sweet categories under its brand ‘English Oven’. It caters to retail clients in 26 states within India, as well as to reputed institutional customers with Pan-India presence and to 64 countries across six continents (in FY20).

Its products are manufactured at six in-house manufacturing facilities which are strategically located in proximity to its target markets. It has a robust distribution network in India and globally through general trade and the modern trade. During H1FY21, they distributed biscuits across 23 states in India through a widespread distribution network of 196 super-stockists, 748 distributors and supplied to its retail customers through 458,000 retail outlets (Source: Technopak Report) and 4,422 preferred outlets for biscuits segment. They sold their bakery products through 191 distributors and over 14,000 retail outlets for bakery products.

Mrs Bectors Food Specialities Ltd IPO Subscription Details

Company

Mrs Bectors Food Specialities Ltd

Issue Type

(Book Built Portion)

Issue Size (In ` Crore)

₹540.54 Cr

Lot Size

50 Equity Shares

Open Date

15 Dec

Close Date

17 Dec

Offer Price

₹286 to ₹288 per equity share;

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(₹ cr, except percentages)

FY18

FY19

FY20

H1FY20

H1FY21

Revenue from operations

694

784

762

365

431

EBITDA

85

96

93

39

72

EBITDA Margins (%)

12.3

12.3

12.2

10.7

16.7

Net Profit

36

33

30

10

39

Diluted EPS

6.26

5.78

5.30

1.77

6.78

ROE (%)

14.30

11.81

9.90

6.68^

21.72^

ROCE (%)

18.00

15.90

12.68

9.33^

24.22^

Operating Cash Flow

47

54

110

38

68

EBITDA to OCF (%)

183.88

178.10

84.81

103.99

106.25

Working capital cycle*

33

35

33

43

25

Source: RHP, ^on annualized basis, * number of days

How to apply IPO on 5paisa app?

  • Login to your 5paisa Mobile Trading App and select Mrs Bectors Food Specialities Ltd IPO in the current IPOs section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a notification to block funds in your UPI app
  • Approve the block request

Mrs Bectors Food Specialities Ltd IPO Frequently Asked Questions

You can apply for the Mrs Bectors Food IPO using any supported UPI apps. To Apply on 5paisa App follow the procedure mentioned above.

For further details Click Here.

You can use BHIM UPI App, along with BHIM Axis Pay (only android), BHIM SBIPay (only android), Citi Mobile (android & iOS), Google Pay (android & iOS), HSBC Simply Pay (android & iOS), iMobile by ICICI Bank (android users), Phone-Pe (android & iOS). Check the full list of supported apps live on IPO

The face value would be ₹10 per equity share. 

Minimum Investment Required
Lot size – 50 * Issue Price ₹288 = ₹14,400 
Hence the minimum investment amount required to invest in Mrs Bectors Food IPO is ₹14,400.
Maximum Investment Required - As per the maximum limit that is allowed by SEBI you can apply for 13 lots. 
Lot size – 650 * Issue Price ₹288 = ₹187,200

No, one bank account one IPO application is allowed.

Cut off price is the price at which investors get the shares issued. An investor can place the bid for the desired quantity at either equal to or higher than the price within the applicable range. 

This bid price also known as “Cut off price” for Mrs Bectors Food IPO is ₹14,400 .

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Contact Details of Mrs Bectors Food Specialities Ltd IPO

Company Contact Information

Mrs Bectors Food Specialities Ltd IPO
Theing Road Phillaur,
,
Jalandhar, Punjab 144410.

Phone: +91 182-6225418
Email: compliance@cremica.in
Website: http://www.cremica.in/

Mrs Bectors Food Specialities Ltd IPO Register

Link Intime India Pvt Ltd

Mrs Bectors Food Specialities Ltd IPO Lead Manager(s)

  • ICICI Securities Ltd
  • IIFL Securities Ltd
  • SBI Capital Markets Ltd

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Mrs. Bectors Food Specialities Ltd. - IPO Information Note

Mrs. Bectors Food Specialities Ltd is coming out with an IPO which opens on December 15. Know more details about Mrs. Bectors Food Specialities Ltd IPO. Read More

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