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Mrs Bectors Food lists at 74% premium; should you book profit?

A minute into the debut, the stock surged to its maximum upper limit of 20 per cent at Rs 601.20, rising more-than-double the issue price on the BSE

Mrs. Bectors Food makes robust debut, doubles against issue price
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The initial public offering (IPO) of Mrs Bectors Food Specialities received huge response with public issue garnering 198 times subscription

Deepak KorgaonkarSaloni Goel
Shares of Mrs. Bectors Food Specialities made a strong debut at the bourses on Thursday with stock of the biscuit and bread manufacturer listing at Rs 501, a 74 per cent premium against its issue price of Rs 288 per share on the BSE on Thursday. A minute into the debut, the stock surged to its maximum upper limit of 20 per cent at Rs 601.20, rising more-than-double the issue price on the BSE.

At close, Mrs. Bectors Food Specialities was quoting at Rs 595.5 apiece, a 106-per cent gain against the issue price. It touched an intra-day high of

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First Published: Dec 24 2020 | 10:08 AM IST

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