 "IPO")
Mrs Bectors Food Specialities' Rs 540-crore initial public offering (IPO) was subscribed 11.4x on Wednesday, the second day of the issue.
The portion reserved for employees was subscribed the most (30x); the retail investors' portion was subscribed 16.4x, the wealthy investor portion 8.6x, and the institutional investor portion 4.7x.The firm on Monday had allotted shares worth Rs 162 crore to anchor investors. The anchor investors include Goldman Sachs India, SBI Mutual Fund, and Bajaj Allianz Life Insurance.
Mrs Bectors have priced their public offering between Rs 286 and Rs 288 per share. The issue comprises Rs 40 crore of fresh capital raise
