Mrs Bectors Meals Specialities, a premium biscuit-maker and main provider of buns to fast-food chains similar to Burger King and McDonald’s, will launch its Rs 550 crore preliminary public providing (IPO) on December 16. The first market providing can be open for 3 days from December 16 to December 18, 2020. The shares are prone to be listed on the bourses on December 29.
The transfer by Mrs Bectors Meals comes shut on the heels of the just lately launched Burger King IPO, which was oversubscribed a jaw-dropping 157 occasions.
Mrs Bectors Meals’s is making its second try at tapping the first markets for its funding necessities. It had secured SEBI’s nod for an IPO in 2018, however selected to defer its plans attributable to market situations at the moment.
Mrs Bectors Meals will use the IPO funds to increase its manufacturing unit at Rajpura in Punjab and for normal company functions.
Included at Ludhiana in 1995, Mrs. Bectors Meals Specialities manufactures and markets a variety of biscuits (cookies, lotions, crackers, digestive, and many others.) underneath its flagship model ‘Mrs Bectors Cremica’ and bakery merchandise (bread, buns, pizza bases, desserts, and many others.) underneath the model ‘English Oven’.
Mr Anoop Bector is the promoter of Mrs Bectors Meals Specialities.
SBI Capital, ICICI Securities and IIFL Capital are the lead managers to the general public subject of Mrs Bectors Meals, whereas Hyperlink Intime India is the registrar to the problem.