Street signs: Mrs Bector's GMP, Gland Pharma on FPI red-flag list and more

If grey market activity is to be believed, despite the high acquisition price, HNIs will make money.

Mrs Bector's GMP at 60%

After Burger King India, another blockbuster IPO seems to be on the cards. Shares of Mrs Bector's Food Specialities are commanding a premium of over 60 per cent in the grey market. The company is a premium biscuit maker and supplier of buns to restaurant chains, such as McDonald’s. Mrs Bector’s Rs 540-crore IPO will remain open for subscription between Tuesday and Thursday. Given the high GMP, the issue may see huge demand.

Burger King HNI breakeven at 50%

High-networth individual (HNI) bets on the Burger King India IPO will turn profitable only if the stock debuts with