Mrs Bector Food IPO - Should You Invest?
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About Mrs Bector Food Specialities Limited
It is one of the leading companies in the premium and mid-premium biscuits segment and the premium bakery segment in North India. They manufacture and market a range of its biscuits such as cookies, creams, crackers, digestives and glucose under its flagship brand ‘Mrs. Bector’s Cremica’.
They are the largest supplier of buns in India to reputed QSR chains such as Burger King India Limited, Connaught Plaza Restaurants Private Limited, Hardcastle Restaurants Private Limited, and Yum! Restaurants(India) Private Limited.
Mrs Bector Food Specialities IPO – Issue Details (Tentative)
IPO Date – Dec 15 to Dec 17, 2020
Face Value – Rs 10 per share
IPO Price band – Rs 285 to Rs 289 per share
Issue Size – Total of Rs 550 Crores
Fresh issue – Rs 50 Crores
OFS – Rs 500 Crores
IPO Lot Size – 50 shares
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Last updated by: bikidas2060
Illustrious Clients include
1) Connaught Plaza Restaurants Private Limited (McDonald’s India (North and East)) https://mcdindia.com/terms-condi...s/
2) Hardcastle Restaurants Private Limited (McDonald’s India (South and West)) https://www.mcdonaldsindia.com/our_stor...ml
3) Yum! Restaurants(India) Private Limited (Taco Bell) https://www.yu...m/
4) Burger King
Company website: http://www.cremi...n/
Its subsidiary English Oven’s website http://www.englishove...m/
In fastfood chains I have eaten Cremica sauces.
Subscription Status
RII 29.19x
NII 620.86x
QIB 176.85x
Employees 45.47x
Total 197.95x
As of Dec 17, 2020 16:28
Source: https://www.chittorgarh.com/ipo_subscription/mr...
Is this worth it? Experts help please!
Experts are busy in irfc ipo discussion
Le (unsuccessful) ipo allottees
+🔥
is it good for long term? Can i buy after it lists at say 50% jump?
I don’t want to apply for 💯 times retail subscribed IPOs.
Probability tells me i will get lucky only once in 💯 such IPOs 😂 no offence to anybody just a light hearted comment 🙏🏻
No for long term
Apply only for listing gains
Also remember if the retail subscriptions and other numbers are <100, the listing might not be a stable one.
Although gland pharma is an exception due to its string fundamentals at the same time it has anti feeling in market
So intial public offer 10rs or more ,min shares are 50 so we have to invest 500 right min?
10 Rs is face value
Price band for allotment is 286 to 288 per share
Min investment is 288 × 50 = 14400
Guys, looking for your suggestions.
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 Price ₹286 to ₹288 per equity share
Market Lot 50 Shares
Min Order Quantity 50 Shares
Listing At BSE, NSE
Issue Size [.] Eq Shares of ₹10
(aggregating up to ₹540.54 Cr)
Fresh Issue [.] Eq Shares of ₹10
(aggregating up to ₹40.54 Cr)
Offer for Sale [.] Eq Shares of ₹10
(aggregating up to ₹500.00 Cr)
definately
Good one! go for it
I think we can invest.recenty burger King ipo went 130%hike
So if we invest 14400 ,how much csn we get on starting day ,is it same like burger king or….
Its IPO FEST
It is already oversubscribed.
@malikcool @Awake @BubbleBoyChickenLittle @MrKool_JJ @Philosopher @Original @homedimer @Bk100 @amdoinggood123 @Shahskm @admin @bumblefoot @guest_999
Need dimers help/suggestion on best way to get IPO allotment
Can i apply 1 lot (50 shares) or 13 lots(650 shares) from single zerodha account?
Option 1
Edit – You can even apply for 13lots but all of them will be rejected since it’s already oversubscribed. Also make sure your placing your bid at cut off price (288rs)
#AA_JJ
Noob question, out of the 540 crore ipo, 500 crore are going to the owners for selling their shares(what’s that called? fpo?). 40 crore will be new equity? Please explain in simple terms.
I applied for 1 lot in Mrs Bector IPO, I even received UPI request for the same in Phonepe app but due to some bank account issue, I had to cancel that payment req.
And I canceled my IPO req too and applied again with the same DEMAT but I didn’t received Payment Request yet.
Can anyone tell me what should I do now? Is my req for IPO is still considerable or not?
Keju bhau. Isse dila do
Hiii
Except last half results all other past results are have less P/E Ratio(Around 20) . Now it is coming at Around 54 P/E Ratio.
Do Consider this before making a decision
PEG is the new king
The IPO comprises fresh issuance of shares worth Rs 40.54 crore and offer for sale to the tune of Rs 500 crore by existing shareholders. Linus Private Limited, Mabel Private Limited , GW Confectionary Pte Ltd and GW Crown Pte Ltd will be offering stocks in the initial share-sale.
Net proceeds of the issue would be utilised for financing the project cost towards expansion of its Rajpura manufacturing facility by establishing a new production line for biscuits and for general corporate purpose. In addition, the company aims to achieve the benefit of listing on the stock exchanges.
Only should purely apply for listing gain.
Surprisingly such a small company has mad rush of buying under employee quota. Push by management ?
Valuation seems too high, So basically existing shareholders are taking out the money. Only 40cr would be utilized for expansion.
Also Rajpura, Punjab factory is not so big. English oven bread has presence is NCR region, however hardly any shopkeeper sells English oven bread in Punjab
@bikidas2060 @MrKool_JJ applying for this bhai? I never got even once any ipo till now so thinking whether to block funds again for a failure of allotment.
@Subhodayam applied till now via sbi & kotak bank ASBA only.
I am applying for it bhai.
Ye discussion na to desidime aur na hi kahin aur hona chahiye .. kyunki kuch popdike aisa darr faila denge aane se pehle hi ki genuine bande ki apply karne se pehle hi fatt jayegi aur baaki to bolenge kuch aur karenge kuch …so from quite a time I avoid all discussions on ipo
Not at all
When is allocation date?
22-23December
@malikcool @bikidas2060
I usually don’t ask this
But what’s happening in BK? I mean for 3 days vol was quite high within an hour, but today It locked in uc with just 4-5L volumes. What does such low vol indicate? Is it a good thing or a bad thing? Bros Can you explain?
People just don’t wanna sell. That what it appears. People like me are in FOMO. Fate depends upon large players only. That’s my perception only. 😔
Applied through SBI ASBA net banking. My lien Marked amount is 13650 . Should not it be 14400?
Check if you have applied at cut off price or not..
If only 13650 has been blocked, check if somehow you have puy price as 281 instead of cut off price of 288
Guys, this is a bumper IPO. Apply Apply Apply
@guest_999 Bhau. Did you apply ???
Kar diya 2 accounts se… apne and wife ke.
Can same PAN card apply multiple times ( different brokers ) ?
I applied through phonepe upi on zerodha ,but this transaction is not showing in my transaction of details in phonepe…
How to check whether i apply successfully
You will get a mandate request to approve . Sometimes it comes a bit late
Price Band (Likely) 295 to 300
Premium Start 150 to 155 Per Share