Mrs Bectors IPO goes live today: How to apply online? Know details

Mrs Bectors IPO (initial public offer) has begun today that is December 15, and it will last until December 17, 2020. Many Analysts and broker firms have recommended a 'subscribe' on this IPO as company's financials have improved, net debt has declined, and free cash flows have turned positive. Moreover, subscriber also gets a steep discount. 

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Mrs Bectors IPO goes live today

Mrs Bectors Food has six manufacturing facilities across India. company has received several quality certifications and accreditations, including certification from FSSC 22000, U.S. Food and Drugs ministration, and British Retail Consortium (BRC).  Mrs Bectors IPO price is Rs 286-288 price band which comprises of an offer for sale (OFS) of Rs 500 crore with a fresh issue of Rs 40.5 crore.

minimum bid lot is 50 equity shares and multiples of 50 equity shares. Mrs Bectors Food revenue from operations jumped from ₹690 crores in FY18 to ₹762 crores in FY20. In first half of this fiscal (FY21), its revenues h jumped to ₹430.99 crores.

However, promoter is t selling any equity, so it will have control over 51% of shareholding after IPO. This Mrs Bectors IPO will be utilised for brown-field expansion of its Rajpura manufacturing unit and establishing a new production line. company currently exports to around 60 countries.

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LKP Securities said in a statement: "Mrs Bectors Food has shown an improvement in its financials over last three years on various parameters such as margins, cash flows, working capital and borrowings. company has improved its EBIDTA margins from 12% in FY18 to 17% in H1FY21 with an overall improvement in gross margins by 400 bps over same period. PAT margins furr witnessed incremental expansion owing to lower finance costs."

Indicative timeline of Mrs Bectors Food IPO, according to brokers:

• Finalisation of Basis of Allotment: 22th December
• Refunds/Unblocking ASBA Fund: 23th December
• credit of equity shares to DP account: 24th December
• Listing on December 28, 2020.

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How to apply for Mrs Bectors IPO?

• To apply for Mrs Bectors IPO, go to Angelbroking.com.
• w, give Name, Mobile number and Current city.
• n, enter OTP and Introducer code (optional).
• After entering OTP, Open an account and n subscribe to Mrs Bectors IPO.

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