Tuesday, April 13, 2021

Mrs Bectors Food Specialities IPO Details

Mrs Bectors Food Specialities IPOMrs Bectors Food Specialities IPO description – Mrs Bectors Food Specialities is one of the leading companies in the premium and mid-premium biscuits segment and the premium bakery segment in North India. The company manufactures and markets a range of biscuits such as cookies, creams, crackers, digestives and glucose under flagship brand ‘Mrs. Bector’s Cremica’. It also manufactures bakery products in savoury and sweet categories which include breads, buns, pizza bases and cakes under brand ‘English Oven’. Its products are sold in 26 states within India, as well as to reputed institutional customers with pan-India presence and to 64 countries across six continents. It is also 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.

Biscuits – The company manufactures and sells biscuits, primarily in the premium and mid-premium segments including a wide variety of cookies, creams, crackers, and digestives. The category accounted for 59.2% of its revenue from operations for FY2020.

Bakery Products – Mrs Bectors Food also offers premium bakery products in savoury and sweets categories such as breads, buns, pizza bases, and cakes under the ‘English Oven’ brand, which contributed 17.1% to its revenues in FY2020. In addition, sale of bakery and frozen products such as buns, kulchas, pizzas, and cakes to QSR customers accounted for 16.8% of its topline in FY2020. 

Promoters of Mrs Bectors Food Specialities – Mr Anoop Bector 
Mrs Bectors Food Specialities IPO details
Subscription Dates 15 – 17 December 2020
Price Band INR286 – 288 per share
Fresh issue INR40.5 crore
Offer For Sale INR500 crore
Total IPO size INR540.5 crore
Minimum bid (lot size) 50 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE

Mrs Bectors Food Specialities’ financial performance (in INR crore)

  FY2018 FY2019 FY2020 H1 FY2021
Revenue 695.8 786.0 765.0 438.6
Expenses 642.9 735.4 725.8 386.5
Net income 36.1 33.2 29.8 38.4
Net margin (%) 5.2 4.2 3.9 8.8

Registrar of Mrs Bectors IPO

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg 
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in

Mrs Bectors Food Contact Details

Mrs Bectors Food Specialities Limited
11-A Udyog Vihar
Greater Noida, Gautam Budh Nagar
Uttar Pradesh 201 308
Phone: +91 120 4569300
Email: [email protected]
Website: www.cremica.in

Valuation of Mrs Bectors Food (as of FY2020)

Earnings Per Share (EPS): INR5.30  
Price/Earnings (PE ratio): 53.96 – 54.34
Return on Net Worth (RONW): 9.52%
Net Asset Value (NAV): INR55.76 per share

Mrs Bectors Peer Comparison

Category

Revenue CAGR
(FY17-19)

3-year average (FY17-19)
Gross Margin EBITDA Margin ROE

ROCE

Britannia

10%

39.3% 16.4% 29.9%

44.9%

Parle

6.5%

35.9% 6.7% 11.7%

16.9%

Anmol

-6%

33.8% 11.7% 13.6%

16.1%

Mrs Bectors
Food Specialities

12%

44.3% 12.1% 13%

17.3%

Mrs Bectors IPO Subscription Details

Category Shares offered Subscription (no. of times, at 5 PM)
Day 1 Day 2 Day 3
QIB 3,776,502 0.01 4.67 176.85
NII 2,832,378 1.36 8.67 620.85
Retail 6,608,881 6.83 16.36 29.32
Employees 18,450 9.45 30.45 45.45
Total 13,236,211 3.72 11.40 198.02

Mrs Bectors IPO Analyst Reviews

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Prabhudas Lilladher – Subscribe 
Samco Securities – Subscribe for listing gains

Mrs Bectors IPO Allotment Status

Mrs Bectors Food Specialities IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.

Listing Performance of Mrs Bectors Food Specialities

IPO Opening Date: 15 December 2020
IPO Closing Date: 17 December 2020
Finalisation of Basis of Allotment: 22 December 2020
Initiation of refunds: 23 December 2020
Transfer of shares to demat accounts: 23 December 2020
Listing Date: 24 December 2020
Opening Price on NSE: INR500 per share (up 73.61% from IPO price)
Closing Price on NSE: INR592.5 per share (up 105.73% from IPO price)

9 COMMENTS

  1. These days people are waiting to subscribe for the IPO’s whichever comes to the market. Youtube and vloggers play an important role in making the public understand IPO and share markets.

    • Many of them are Misguiding Armatures by saying they also Manufacture sauces and has a contract with McD and Burger King which is fake. Because the company that makes Cremica sauce is “Cremica Food Industries Ltd” and it has nothing to do with “Mrs. Bector Food Specialities”
      Cremica has reach all over India in retails and also HoReCa Offerings while Mrs. Bector is in Bakery Business and has Exposure in Export and North India only. Bakery Business required heavy Investments while Sauces and Dips can be manufactured from One Plant and Can supply all over the world.

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