Mrs Bectors Food IPO opens today. Here's what top brokerages say

Net proceeds of the issue would be utilised for financing the project cost towards expansion of its Rajpura manufacturing facility as well as for general corporate purpose

The Rs 540-crore initial public offer (IPO) of Mrs Bectors Food Specialities will open for three days on Tuesday (December 15). The price band has been fixed at Rs 286-288 per share.

The IPO comprises fresh issuance of shares worth Rs 40.54 crore and offer for sale to the tune of Rs 500 crore by existing shareholders. Linus Private Limited, Mabel Private Limited , GW Confectionary Pte Ltd and GW Crown Pte Ltd will be offering stocks in the initial share-sale.

Net proceeds of the issue would be utilised for financing the project cost towards expansion of its Rajpura manufacturing