Set up in 1995, Mrs. Bectors Food Specialities Ltd is likely one of the main firms in the premium bakery segment and premium and mid-premium biscuit segment in North India. The company’s product portfolio primarily consists of two categories of products; Biscuits (cookies, creams, crackers, digestive, and many others.) and Bakery products (bread, buns, pizza bases, cakes, and many others.).
Mrs. Bectors manufactures and sells biscuits under its brand name “Mrs. Bector’s Cremica” whereas bakery products are manufactured below the brand name of “English Oven” and provided within the premium market segments such as Delhi NCR, Mumbai, and Bengaluru. As of June 30, 2020, its bakery segment has a complete of 96 products and the Biscuits segment has a complete of 384 items.
All of its products are manufactured in-house throughout 6 strategically situated manufacturing units in 5 completely different cities i.e. Maharashtra, Karnataka, UP, Himachal Pradesh, and Punjab. The company has a really robust distribution community of 154 super-stockists and 644 distributors supplying merchandise via 458,000 stores and 3,594 preferred retailers. It sells its products to 23 states in India and likewise exports its products under its own brand name and third-party private labels to 64 nations all around the world.
Competitive Strengths
- A frontrunner in biscuits and bakery segments in North India.
- Nicely-diversified product portfolio.
- Main food certifications i.e. BRC, USFDA, and FSSC.
- Leading biscuits exporter to 64 countries.
- Trendy manufacturing process.
- Strong gross sales and distribution community.
Company Promoters:
Mr. Anoop Bector is the promoter of the company.
Company Financials:
| Particulars | For the yr/period ended (₹ in million) | |||
|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 6,087.26 | 5,657.15 | 5,770.44 | 5,110.59 |
| Total Income | 4,385.55 | 7,649.76 | 7,860.29 | 6,957.55 |
| Profit After Tax | 388.83 | 304.03 | 331.50 | 358.93 |
Objects of the Issue:
The funds raised via the Mrs. Bectors Food IPO are proposed to be utilized in the direction of below objects:
- To finance the cost of Rajpura Expansion Venture.
- To fulfill basic company functions.
Mrs. Bectors Food IPO Details
| IPO Opening Date | Dec 15, 2020 |
| IPO Closing Date | Dec 17, 2020 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Value | ₹286 to ₹288 per equity share |
| Market Lot | 50 Shares |
| Min Order Quantity | 50 Shares |
| Listing At | BSE, NSE |
| Issue Size | Shares of ₹10 (aggregating as much as ₹540.54 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating as much as ₹40.54 Cr) |
| Provide for Sale | Shares of ₹10 (aggregating as much as ₹500.00 Cr) |
Mrs. Bectors Food IPO Tentative Timetable
The Mrs. Bectors Food IPO open date is Dec 15, 2020, and the close date is Dec 17, 2020. The issue could list on Dec 28, 2020.
| IPO Open Date | Dec 15, 2020 |
| IPO Close Date | Dec 17, 2020 |
| Basis of Allotment Date | Dec 22, 2020 |
| Initiation of Refunds | Dec 23, 2020 |
| Credit of Shares to Demat Account | Dec 24, 2020 |
| IPO Listing Date | Dec 28, 2020 |
Mrs. Bectors Food IPO Lot Size
The Mrs. Bectors Food IPO market lot size is 50 shares. A retail-individual investor can apply for as many as 13 lots (650 shares or ₹187,200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimal | 1 | 50 | ₹14,400 |
| Maximum | 13 | 650 | ₹187,200 |
Mrs. Bectors Food IPO Promoter Holding
| Pre Issue Share Holding | 52.45% |
| Post Issue Share Holding | 51% |
Mrs. Bectors Food IPO Subscription Status (Bidding Detail)
The Mrs. Bectors Food IPO is subscribed 3.71x times on Dec 15, 2020, 16:59. The general public issue subscribed 6.81x within the retail category, 0.02x within the QIB category, and 1.37x within the NII category.
Mrs. Bectors Meals IPO Prospectus
Company Contact Data
Mrs. Bectors Food Specialities Limited
Theing Road, Phillaur
Jalandhar – 144 410
Punjab
Telephone: +91 182-6225418
E mail: compliance@cremica.in
Web site: http://www.cremica.in
Mrs. Bectors Food IPO Registrar
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Telephone: +91-22-4918 6270
E mail: bector.ipo@linkintime.co.in
Web site: http://www.linkintime.co.in
Mrs. Bectors Food IPO FAQs
- What is Mrs. Bectors Food IPO?
Mrs. Bectors Food IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating as much as ₹540.54 Crores. The issue is priced at ₹286 to ₹288 per equity share. The minimal order quantity is 50 Shares. The IPO opens on Dec 15, 2020, and closes on Dec 17, 2020. Link Intime India Personal Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.