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Mrs Bector IPO subscribed 3.72 times on Day-1 on strong retail interest

The company on Monday allotted shares worth Rs 162 cr to anchor investors Goldman Sachs India, SBI MF, Bajaj Allianz Life Insurance, among others

L&T Fin, group to raise ~15,000 cr for IPO finance
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Mrs Bector will use the issue proceeds for setting up of a new production line for biscuits.

BS Reporter Thiruvananthapuram
Mrs Bector Food Specialities’ Rs 540-crore initial public offering (IPO) was subscribed 3.72 times on Tuesday the first day of the issue. The institutional investor portion was subscribed 0.02 times, the wealthy investor portion by 1.37 times, retail investor portion by 6.8 times and the portion reserved for employees by 9.5 times.

The company on Monday allotted shares worth Rs 162 crore to anchor investors. The anchor investors include Goldman Sachs India, SBI Mutual Fund, Bajaj Allianz Life Insurance amongst others.

Mrs Bectors have priced their IPO between Rs 286-Rs 288 per share. The issue comprises of Rs 40 crore of fresh

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First Published: Dec 15 2020 | 6:01 PM IST

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