The allotment status of Mrs Bectors Food's Rs 540 crore initial public offer (IPO) is likely to be announced on Tuesday. The issue, which ran between December 15 to December 17, was the most successful IPO of 2020 so far, having received 198 times subscription as investors eye solid listing gains following the success of previous IPOs.
Mrs Bectors IPO beat issues by Mazagon Dock Shipbuilders and Burger King that were subscribed 157 times each.
The IPO generated bids worth more than Rs 40,000 crore. The high net worth individual (HNI) portion was subscribed 620 times, the qualified institutional buyer