Mrs Bectors Food IPO fully subscribed in just two hours: 10 things to know2 min read . Updated: 15 Dec 2020, 12:43 PM IST
- The IPO comes in the wake of stellar response to Burger King IPO
- Bread and biscuits maker Mrs Bectors Food is also a supplier of buns to quick-service restaurant (QSR) chains such as McDonald's, KFC, and Burger King among others.
The IPO of bread and biscuits maker Mrs Bectors Food opened today to strong demand and was over-subscribed in just two hours. The issue will close on December 17. As of 12:30 pm, the IPO was subscribed 1.57 times with the retail segment subscribed nearly 3 times. The Mrs Bectors Food comes in the wake of stellar response to Burger King IPO whose shares doubled on the day of their listing on Monday. The price band in Mrs Bectors Food IPO has been fixed at ₹286-288 per equity share of a face value of ₹10 each. The company sells biscuits under the 'Cremica' brand and manufactures and markets a wide range of biscuits such as cookies, creams, crackers, digestive biscuits, and an array of premium breads under the 'English oven' brand.
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