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Mrs Bector Food IPO - Should You Invest?

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BAT_MAN

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

Expired

Deal Wiki

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.

https://cdn0.desidime.com/attachments/photos/654685/medium/123171048801_20201215-mrs_bectors-ipo__w1200__.jpg?1608015807

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...

167 Comments  |  
65 Dimers
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Deal Newbie Deal Newbie
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Price Band (Likely) 295 to 300
Premium Start 150 to 155 Per Share

Entertainer Entertainer
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+🔥

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 🙏🏻

Blogger Blogger
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BAT_MAN wrote:

Experts are busy in irfc ipo discussion stuck_out_tongue

That ipo is not going to come soon. Even All grey deals are likely to be forfeit for IRFC.

Budding Star Budding Star
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drjpatwa wrote:

That ipo is not going to come soon. Even All grey deals are likely to be forfeit for IRFC.

Ok then let’s concentrate on this one smiley

Super Moderator Super Moderator
Moderator
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nandamuri.balakrishna wrote:

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

Deal Newbie Deal Newbie
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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)

Deal Cadet Deal Cadet
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pingpong wrote:

+🔥

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

Deal Captain Deal Captain
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Subhodayam wrote:

@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 biggrin
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 sunglasses

Deal Lieutenant Deal Lieutenant
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Subhodayam wrote:

@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?

Don’t apply Multiple lots in single app when ipo is subscribed by >1×.
Apply single lot each from different pan demat accounts, of your parents, siblings, cousins, relatives, friends, acquaintances. Make sure they are reliable and trust is a prerequisite. Also, pay their respective taxes from gains if any so that no issue arises when they file their respective ITRs.

Deal Subedar Deal Subedar
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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.

Hunk Hunk
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BubbleBoyChickenLittle wrote:

Don’t apply Multiple lots in single app when ipo is subscribed by >1×.
Apply single lot each from different pan demat accounts, of your parents, siblings, cousins, relatives, friends, acquaintances. Make sure they are reliable and trust is a prerequisite. Also, pay their respective taxes from gains if any so that no issue arises when they file their respective ITRs.

Give them a cut too. 🙂🙂

Deal Cadet Deal Cadet
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BubbleBoyChickenLittle wrote:

Don’t apply Multiple lots in single app when ipo is subscribed by >1×.
Apply single lot each from different pan demat accounts, of your parents, siblings, cousins, relatives, friends, acquaintances. Make sure they are reliable and trust is a prerequisite. Also, pay their respective taxes from gains if any so that no issue arises when they file their respective ITRs.

Thanks for the suggestion mate.

Can you guys share your previous success rate of IPO allocation when applied from zerodha? and how many lots applied(always single lot)?

@malikcool @Awake @MrKool_JJ @Philosopher @Original @homedimer @Bk100 @amdoinggood123 @Shahskm @admin @bumblefoot @guest_999

Talk-Of-The-Town Talk-Of-The-Town
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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?

Tech Guru Tech Guru
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Subhodayam wrote:

Thanks for the suggestion mate.

Can you guys share your previous success rate of IPO allocation when applied from zerodha? and how many lots applied(always single lot)?

@malikcool @Awake @MrKool_JJ @Philosopher @Original @homedimer @Bk100 @amdoinggood123 @Shahskm @admin @bumblefoot @guest_999

Single lot, applied for three diff cos and have never been allotted a single Sherr 😐

I am now clear, I gonna launch my own co. And crazy investors will subscribe to my co.s IPO. 😄
#Ek-ka-do je chakkar mein oversubscribe ho jayega 🤞

Analyst Analyst
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Subhodayam wrote:

Thanks for the suggestion mate.

Can you guys share your previous success rate of IPO allocation when applied from zerodha? and how many lots applied(always single lot)?

@malikcool @Awake @MrKool_JJ @Philosopher @Original @homedimer @Bk100 @amdoinggood123 @Shahskm @admin @bumblefoot @guest_999

Single lot! Dont think it matters from where u applied!
It depends on registrar i think! Bs duaa kro

Deal Captain Deal Captain
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Subhodayam wrote:

Thanks for the suggestion mate.

Can you guys share your previous success rate of IPO allocation when applied from zerodha? and how many lots applied(always single lot)?

@malikcool @Awake @MrKool_JJ @Philosopher @Original @homedimer @Bk100 @amdoinggood123 @Shahskm @admin @bumblefoot @guest_999

I always apply through ASBA.
People face a lot of UPI mandate issues so i skip that.
#AA_JJ sunglasses

Missing