InvestorQ : Can you tell me about the forthcoming IPO of Mrs Bectors Foods?
Niti Shenoi made post

Can you tell me about the forthcoming IPO of Mrs Bectors Foods?

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ishika Banerjee answered.
2 months ago
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The Rs.540 crore IPO of Mrs Bectors Foods Ltd will open for initial subscription on 15 December. The price band for the IPO has been set at Rs.286-288 per share. The IPO will comprise of Rs.40 crore fresh issue and Rs.500 crore by way of offer-for-sale or OFS. The higher end of the price band will value the company at Rs.1700 crore.

The issue proceeds of Rs.40 crore will be used to set up a new production line for biscuits. The company is into cookies, creams, crackers, digestives and glucose as well as bakery products under the brand English Oven. Incidentally, Mrs Bectors is the largest supplier of buns in India to QSR chains like Burger King, Hardcastle, Yum Restaurants etc.

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