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 initial public offer was subscribed 1.57 times within the first few hours of opening of bidding
The company on Monday had allotted shares worth Rs 162 crore to anchor investors
Healthy growth and sound fundamentals offer comfort
Eliciting robust response from investors, the initial share sale of Mrs Bectors got oversubscribed within a few hours of opening for subscription Tuesday and ended the day with 3.72 times subscription
The company on Monday allotted shares worth Rs 162 cr to anchor investors Goldman Sachs India, SBI MF, Bajaj Allianz Life Insurance, among others
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
If grey market activity is to be believed, despite the high acquisition price, HNIs will make money.
The issue comprises of Rs 40 crore of fresh capital raise and Rs 500 crore of secondary share sale by four existing shareholders
The price band has been fixed at Rs 286-288 per share for the initial public offering
Mrs Bectors Food manufactures and markets a range of products such as biscuits, breads and buns
The IPO comprises fresh issuance of shares worth Rs 50 crore and offer of sale to the tune of Rs 500 crore by existing shareholders
The two companies had filed their draft papers with the regulator in August, seeking its go-ahead to float initial public offerings