Mrs. Bectors Food Sp announces launch of initial public offering
Mrs. Bectors Food Specialities Ltd. has announced public offering of 18768750 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 278.00 per share. The gross proceeds of the issue are expected to be Rs 54,054.00 lakhs. The company's initial public offer (IPO) will open on 15 December 2020 and is expected to close on 17 December 2020, subject to customary closing conditions. The price band of the issue has been fixed at Rs 286.00-288.00 per share. The IPO includes a fresh Issue of 18768750 Equity Shares of the Company at an price of Rs 288.00 per Equity Share.
The company has fixed the minimum bid lot for the issue at 50 shares with bids in multiples of 50. Mrs. Bectors Food Specialities Ltd. anticipates using the proceeds of the issue for . SBI Capital Markets Limited,IIFL Securities Limited,ICICI Securities Ltd as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.
