With capital from a record IPO, Mrs Bectors bets big on biscuits market

When it comes to stock market records, it’s mega-companies with armies of professional managers that come to mind. But Mrs Bectors Food Specialities, a Ludhiana-based entity promoted by a woman entrepreneur, Rajni Bector, has shown that even well-run small and medium companies can attract investor interests. Its Rs 541-crore initial public offering (IPO), which was launched in December, remains the most subscribed issue in over three years by any company.

The firm, whose FY20 turnover was Rs 762 crore, listed on December 24 at a 74 per cent premium to its issue price, putting a smile on investors’ faces even