Mrs Bectors Food Specialties Limited is one of the leading companies in North India in the premium and mid-premium biscuits segment and the premium bakery segment.
Mrs Bectors Food is a premium biscuit manufacturer and supplier of buns to restaurant chains, such as McDonald’s, which was founded on September 15, 1995. A selection of products such as biscuits, breads and buns are produced and sold by the business.
During the financial year ended March 31, 2020, the company supplies its goods to retail customers in 26 states within India, as well as to reputable institutional customers with a pan-India presence, and to 64 countries across six continents. The company has a widespread network of 196 super stockists and 748 distributors for Biscuits delivery, supplying a wide variety of consumers across 458,000 retail outlets and 4,422 preferred outlets.
According to brokerages, the competitive strengths of the company are the company is a leading biscuit exporter, has built a presence in the retail and institutional bakery market, boasts modern and automated production processes with a focus on quality control, and has a large sales and distribution network that is widespread and established. In addition, the organization has an accomplished promoter and management team.
On the other hand, the absence of long-term contracts with its QSR customers by the company and over dependence on the biscuit company are the main risks going forward.
Mrs Bectors Food Specialities Ltd. Financial Performance
| 31-Mar-18 | 31-Mar-19 | 31-Mar-20 | 30-Sep-20 | ||
| Total Assets | 5,110.59 | 5,770.44 | 5,657.15 | 6,087.26 | |
| Total Revenue | 6,957.55 | 7,860.29 | 7,649.76 | 4,385.55 | |
| Profit After Tax | 358.93 | 331.50 | 304.03 | 388.83 |
Mrs Bectors Food Specialities Limited IPO Details
| IPO Date | December 15,2020 to December 17,2020 |
| Issue Type | Book Built Issue IPO |
| 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) |
| Face Value | ₹10 per equity share |
| IPO Price | ₹286 – ₹288 per equity share |
| Market Lot | 50 Shares |
| Min Order Quantity | |
| Listing At | BSE, NSE |
Mrs Bectors Food Specialities Limited IPO Tentative Timetable
| Bid/Offer Launch date | December 15,2020 |
| Bid/Offer Last date | December 17,2020 |
| Basis of Allotment finalization date | December 22,2020 |
| Initiation of Refunds | December 23,2020 |
| Credit of Shares to Demat Account | December 24,2020 |
| IPO Shares Listing Date | December 28,2020 |
Mrs Bectors Food Specialities Limited IPO Lot Size and Price (Retail)
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 50 | ₹14,400 |
| Maximum | 13 | 650 | ₹187,200 |