Mrs. Bectors Food Specialities IPO
Mrs. Bectors Food Specialities IPO — date, price band, lot size & details 2020
Mrs. Bectors Food Specialities listed on 24 Dec 2020 at ₹500, 73.6% above the ₹288 issue price.
Mrs. Bectors Food Specialities makes premium and mid premium biscuits under the Mrs. Bector's Cremica brand and bakery products under English Oven, and supplies buns to QSR chains. Its total income was Rs 764.98 crore in FY2020.
Stock price
Mrs. Bectors Food Specialities is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 15 Dec 2020
- Close 17 Dec 2020
- Allotment 22 Dec 2020
- Refund/credit 23 Dec 2020
- Listing 24 Dec 2020
Issue summary
The terms of the offer, as filed.
| IPO Dates | 15 to 17 Dec, 2020 |
|---|---|
| Price Band | ₹286 – ₹288 |
| Face Value | ₹10 |
| Lot Size | 50 Shares |
| Issue Size | ₹540.54 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Employee Discount | Rs 15.00 per share |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,400 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 50 shares at the ₹288 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 50 | ₹14,400 |
| Retail (max) | 13 | 650 | ₹1,87,200 |
| S-HNI (min) | 14 | 700 | ₹2,01,600 |
| S-HNI (max) | 69 | 3,450 | ₹9,93,600 |
| B-HNI (min) | 70 | 3,500 | ₹10,08,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01It is a leading premium and mid premium biscuit maker in North India, with exports of 22% of FY2020 revenue.
- 02Exports rose to 24.51% of revenue in the six months to 30 September 2020.
- 03Profit after tax was Rs 38.88 crore in the six months to 30 September 2020, above the full FY2020 figure of Rs 30.40 crore.
- 04Total borrowing fell from Rs 160.24 crore in FY2019 to Rs 122.38 crore on 30 September 2020.
- 05Net worth rose from Rs 266.61 crore in FY2018 to Rs 357.77 crore on 30 September 2020.
Risks · 6
- 01Total income dipped from Rs 786.03 crore in FY2019 to Rs 764.98 crore in FY2020.
- 02Profit after tax fell from Rs 35.89 crore in FY2018 to Rs 30.40 crore in FY2020.
- 03Rs 499.97 crore of the Rs 540.54 crore issue was offer for sale by investors.
- 04Biscuits are a crowded market with large national brands, and EBITDA fell from Rs 96.15 crore in FY2019 to Rs 92.85 crore in FY2020.
- 05Exports of 22% of FY2020 revenue add currency and overseas demand risk.
- 06Promoter holding was 52.40% before the issue and 51.13% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Mrs. Bectors Food Specialities offer document.
| Metric | 30 Sep 2020 | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2018 |
|---|---|---|---|---|
| Assets | 608.73 | 565.72 | 577.04 | 511.06 |
| Total Income | 438.56 | 764.98 | 786.03 | 695.76 |
| Profit After Tax | 38.88 | 30.40 | 33.15 | 35.89 |
| EBITDA | 72.22 | 92.85 | 96.15 | 85.50 |
| NET Worth | 357.77 | 317.30 | 294.75 | 266.61 |
| Reserves and Surplus | 300.50 | 262.03 | 237.48 | 209.35 |
| Total Borrowing | 122.38 | 131.17 | 160.24 | 133.10 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹40.54 Cr of the issue is earmarked to named objects.
About the company
According to Technopak, it is one of the leading companies in the premium and mid premium biscuits segment and the premium bakery segment in North India. It makes cookies, creams, crackers, digestives and glucose biscuits under Mrs. Bector's Cremica, and breads, buns, pizza bases and cakes under English Oven.
It supplies buns to international QSR chains in India such as Burger King India, Connaught Plaza Restaurants, Hardcastle Restaurants and Yum! Restaurants. Exports made up 22% of revenue from operations in FY2020.
The IPO was Rs 540.54 crore, with Rs 40.57 crore of fresh issue and Rs 499.97 crore of offer for sale by the investors Linus, Mabel, GW Crown and GW Confectionary. The fresh money was for the Rajpura expansion project.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Mrs. Bectors Food Specialities IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
SBI Capital Markets Ltd.
70 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: Kalyan Jewellers India (-15.0%).
ICICI Securities
133 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
IIFL Capital Services Limited
116 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: Rategain Travel Technologies (-15.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Mrs. Bectors Food Specialities?
The current Grey Market Premium is ₹160, or 56% over the issue price.
What is the Mrs. Bectors Food Specialities IPO price band?
₹286 to ₹288, on a face value of ₹10.
When is the allotment?
The basis of allotment is 22 December 2020, with listing on 24 December 2020.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
