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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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Deal Newbie Deal Newbie
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Price Band (Likely) 295 to 300
Premium Start 150 to 155 Per Share

Deal Cadet Deal Cadet
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Is this worth it? Experts help please!

Tech Guru Tech Guru
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Experts are busy in irfc ipo discussion stuck_out_tongue

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Finance Ninja Finance Ninja
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Le (unsuccessful) ipo allottees https://cdn0.desidime.com/attachments/photos/654146/medium/Eo2-ghsUwAEuXB1.jpg?1607717731

Critic Critic
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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 🙏🏻

Deal Cadet Deal Cadet
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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 Subedar Deal Subedar
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So intial public offer 10rs or more ,min shares are 50 so we have to invest 500 right min?

Super Moderator Super Moderator
Moderator
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10 Rs is face value
Price band for allotment is 286 to 288 per share
Min investment is 288 × 50 = 14400

Deal Cadet Deal Cadet
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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 Brigadier Deal Brigadier
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definately

Budding Star Budding Star
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Good one! go for it

Deal Newbie Deal Newbie
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I think we can invest.recenty burger King ipo went 130%hike

Deal Subedar Deal Subedar
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So if we invest 14400 ,how much csn we get on starting day ,is it same like burger king or….

Budding Star Budding Star
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Its IPO FEST

Deal Newbie Deal Newbie
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It is already oversubscribed.

Benevolent Benevolent
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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

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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.

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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Keju bhau. Isse dila do

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Deal Newbie Deal Newbie
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Hiii

Deal Subedar Deal Subedar
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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

Tech Guru Tech Guru
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PEG is the new king

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Deal Cadet Deal Cadet
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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.

Deal Cadet Deal Cadet
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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

Critic Critic
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@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.

Tech Guru Tech Guru
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I am applying for it bhai. smile

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Helpful Helpful
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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 joy aur baaki to bolenge kuch aur karenge kuch …so from quite a time I avoid all discussions on ipo joy

Deal Cadet Deal Cadet
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https://cdn0.desidime.com/attachments/photos/655000/medium/SAVE_20201216_191914.jpg?1608126561

Benevolent Benevolent
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Not at all biggrin

Deal Cadet Deal Cadet
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When is allocation date?

Deal Cadet Deal Cadet
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22-23December

Finance Ninja Finance Ninja
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@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?

Tech Guru Tech Guru
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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. 😔

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Deal Lieutenant Deal Lieutenant
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Applied through SBI ASBA net banking. My lien Marked amount is 13650 . Should not it be 14400?

Deal Cadet Deal Cadet
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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

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Tech Guru Tech Guru
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Guys, this is a bumper IPO. Apply Apply Apply

@guest_999 Bhau. Did you apply ???

Generous Generous
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Kar diya 2 accounts se… apne and wife ke.
Can same PAN card apply multiple times ( different brokers ) ?

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Deal Lieutenant Deal Lieutenant
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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

Deal Cadet Deal Cadet
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You will get a mandate request to approve . Sometimes it comes a bit late

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