Mrs Bectors Food announces IPO dates, price band, other details
Investors can bid for a minimum of 50 equity shares and thereafter in multiples of 50 equity shares.
By ETMarkets.com | Updated:
Agencies
MUMBAI: Mrs. Bectors Food Specialities’ Rs 541 crore IPO is set to open on December 15, and the price band for the same is set at Rs 286-288 a piece.
The IPO of premium biscuit-maker and leading supplier of buns to fast-food chains, such as Burger King and McDonald's, comprises sale of shares worth Rs 500 crore by Linus Pvt Ltd, Mabel Pvt Ltd, GW Crown Pte Ltd and GW confectionary Pte Ltd., and fresh issue worth Rs 40.5 crore.
Investors can bid for a minimum of 50 equity shares and thereafter in multiples of 50 equity shares.
The company plans to use the IPO proceeds for financing its Rajpura expansion project by establishing a new production line for biscuits and for general corporate purposes.
The shares are likely to be listed on both BSE and NSE on December 28. SBI Capital Markets, ICICI Securities and IIFL Securities are the lead managers for the IPO.
Mrs. Bectors’ IPO hit is hitting the market after the recently-concluded Burger King’s IPO witnessed stellar success and was subscribed 156.65 times.
The IPO of premium biscuit-maker and leading supplier of buns to fast-food chains, such as Burger King and McDonald's, comprises sale of shares worth Rs 500 crore by Linus Pvt Ltd, Mabel Pvt Ltd, GW Crown Pte Ltd and GW confectionary Pte Ltd., and fresh issue worth Rs 40.5 crore.
Investors can bid for a minimum of 50 equity shares and thereafter in multiples of 50 equity shares.
The company plans to use the IPO proceeds for financing its Rajpura expansion project by establishing a new production line for biscuits and for general corporate purposes.
The shares are likely to be listed on both BSE and NSE on December 28. SBI Capital Markets, ICICI Securities and IIFL Securities are the lead managers for the IPO.
Mrs. Bectors’ IPO hit is hitting the market after the recently-concluded Burger King’s IPO witnessed stellar success and was subscribed 156.65 times.
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