Mrs. Bectors Food IPO is ready to hit the Dalal street on 15 December 2020. The company aims to raise ₹550 crore through this IPO.
Mrs. Bectors Food Specialities Ltd
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, digestive, and glucose under the flagship brand ‘Mrs. Bector’s Cremica’. It also manufactures bakery products in savory and sweet categories which include bread, buns, pizza bases, and cakes under the 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 savory and sweets categories such as bread, buns, pizza bases, and cakes under the ‘English Oven’ brand, which contributed 17.1% to its revenues in FY2020. In addition, the 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.
Also read: IPO List, current-ongoing-listed IPOs
Objective of the Issue
- To finance the cost of Rajpura Expansion Project.
- To meet general corporate purposes.
Basic details about the company
| Full name | Mrs. Bectors Food Specialities Ltd |
| Sector | Fast Moving Consumer Goods |
| Industy | Consumer Food |
| Company Website | www.cremica.in |
Dates to remember
| IPO Open | 15 December 2020 |
| IPO Close | 17 December 2020 |
| Basis of Allotment | 22 December 2020 |
| Refunds date | 23 December 2020 |
| Credit to Demat Account | 24 December 2020 |
| Listing Date | 28 December 2020 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹550 Crore |
| Number of shares offered | 1,87,68,750 Shares |
| Face value | ₹10 per equity share |
| Price band | ₹286 – ₹288 per share |
| Retail portion | 35% |
| Lot size | 50 Nos |
| Minimum application | 1 lot – 50 shares |
| Maximum application | 13 lot – 650 shares |
| Minimum application amount | ₹14,400 |
| maximum application amount | ₹187,200 |
| Listing Exchange | BSE, NSE |
Competitive strength
- A leader in biscuits and bakery segments in North India.
- Well-diversified product portfolio.
- Major food certifications i.e. BRC, USFDA, and FSSC.
- Leading biscuits exporter to 64 countries.
- Modern production process.
- Strong sales and distribution network.
Category-wise Break up
Anchor: 56,25,417 Shares = 162.01 Crores
QIB: 37,50,278 Shares = 108.01 Crores
NII: 28,12,708 Shares = 81.01 Crores
RII: 65,62,986 Shares = 189.01 Crores (Lot size: 50 = 1,31,260 Forms)
Empl. Quota: 17,361 Shares = 00.50 Crores
Total Issue: 1,87,68,750 Shares = 540.54 Crores.
Financials
| Mrs Bectors Food Specialities’ financial performance (in INR crore) | ||||
| FY2018 | 2019 | FY2020 | 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 |
Valuation of Mrs. Bectors Food (as of FY2020)
| Earnings Per Share (EPS) | ₹5.30 |
| Price/Earnings (PE ratio) | 53.96 – 54.34 |
| Return on Net Worth (RONW) | 9.52% |
| Net Asset Value (NAV) | ₹55.76 per share |
Company Promoters
- Mr. Anoop Bector
Mrs. Bectors Food IPO Promoter Holding
| Pre Issue Share Holding | 52.45% |
| Post Issue Share Holding | 51% |
Lead managers
- ICICI Securities
- IDBI Capital
- SBI Capital Markets
Registrar of Mrs. Bectors Food 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: burgerking.ipo@linkintime.co.in
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: compliance@cremica.in
Website: www.cremica.in
Subscription status
| Category | Day 1 | 2 | Day 3 |
| QIB | 0.02x | 4.67x | 176.85x |
| HNI | 1.37x | 8.67x | 620.86x |
| RII | 6.83x | 16.36x | 29.33x |
| EMP | 9.46x | 30.45x | 45.46x |
| Total | 3.72x | 11.40x | 198.02x |
Mrs. Bectors IPO Allotment Status
Mrs Bectors Food Specialities IPO allotment status will be available on Link Intime’s website.
Click on this link to get allotment status.
Final thoughts
Mrs. Bectors Food IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post gave you enough details to make a fundamental study of the company. learn well and make a wise decision
Happy Investing
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