InvestorQ : Should I subscribe to Mrs.Bector foods IPO?
Swapnil Sarang made post

Should I subscribe to Mrs.Bector foods IPO?

Roshni Hegde answered.
5 months ago

Popular biscuits and bakery products maker Mrs Bectors Food Specialties is all set to debut in Indian markets with Rs 540-crore maiden public issue today on December 15 with a price band of Rs 286-288 per share.

Quick details of IPO- Fresh issue - Rs 40.54 crore Offer for sale - Rs 500 crore Aim to utilise IPO funds- Development and expansion of the Rajpura manufacturing facility, introducing new production line for biscuits.

Should you subscribe? Let me give you the summary of company's overall state-

As per the filed papers, company holds Attractive valuations Leads in premium, mid-premium biscuit, and premium bakery segment (contributes 68% to total revenue 1HFY21) Improved financial parameters, Strong institutional business Consistent growth in retail business, brokerages

For investors- Good to invest from a long-term perspective

Source- Several financial portals