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

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

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Mrs Bectors | initial public offerings IPOs

Viveat Susan Pinto  |  Mumbai 



Cremica, biscuits, snacks, food, packed food, Mrs Bectors
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 as the Covid-19 pandemic has dragged on for months

When it comes to stock market records, it’s mega- with armies of professional managers that come to mind. But Food Specialities, a Ludhiana-based entity promoted by a woman entrepreneur, Rajni Bector, has shown that even well-run small and medium 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.

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First Published: Tue, January 12 2021. 06:10 IST

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