Mrs Bectors IPO GMP Today, Check Daily Movement


Last updated on December 23, 2020

Mrs Bectors Food Specialities IPO is likely to open next week and we can’t help but notice that the company is a supplier to Burger King – a company which has just concluded its successful IPO. Let’s take a look at Mrs Bectors IPO GMP right after the vital details of the offer:

Mrs Bectors Food Specialities IPO details

Subscription Dates 15 – 17 December 2020
Price Band INR286 – 288 per share
Fresh issue INR50 crore
Offer For Sale INR500 crore
Total IPO size INR550 crore
Minimum bid (lot size) 50 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE

Mrs Bectors Food Specialities operates in biscuits and bakery segments and apart from offering products under Cremica and English Oven brands, it supplies buns to reputed Quick Service Restaurant (QSR) chains. This upcoming IPO is a pure FMCG play and is likely to raise INR550 crore, primarily through sales by private equity investors CX Partners and Gateway Partners.

The company’s clients in QSR segment include Burger King India Limited, Connaught Plaza Restaurants Private Limited, Hardcastle Restaurants Private Limited, and Yum! Restaurants (India) Private Limited. Sales to institutional clients accounted for 16.8% of its revenues in FY2020. In total, bakery segment contributed nearly 34% in topline in previous year and margins are also superior in this segment when compared with Biscuits.

Mrs Bectors IPO GMP (Grey Market Premium) rates

Date GMP (in INR) Kostak (in INR) Subject to Sauda (in INR)
23 Dec 20201604307,500
22 Dec 20201404007,000
21 Dec 20201704007,000
19 Dec 20201904307,500
18 Dec 20202004507,500
17 Dec 20202254708,000
16 Dec 20202004007,000
15 Dec 20202204507,200
14 Dec 20202004007,000
12 Dec 20201803506,000
11 Dec 20201703006,000
10 Dec 20201305,500
9 Dec 20201305,500
8 Dec 2020 150 6,000
7 Dec 2020 160

While the company has not revealed the pricing yet, it is expected to be around INR300 per share. This means that the grey premium is around 50% of the offer price. Although the premium may change going forward, t is a strong start for now. Keep an eye on this space for latest and daily GMP movements in Mrs Bectors IPO.


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