Bectors Food Specialities IPO: Issue Price, Issue Size, GMP & Important Dates.

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Bectors Food Specialities
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Bectors Food Specialities IPO is one of the leading companies in the premium bakery segment and is all set to make a debut in the stock market with an issue size of 540.54 Cr.   

IPO Overview    

Bectors Food Specialities IPO Issue Date           15-17 December 2020          
Bectors Food Specialities IPO Opening Date           15 Dec 2020   
Bectors Food Specialities IPO Face Value           INR 10 per share           
Bectors Food Specialities IPO Price           INR 288 per share          
Bectors Food Specialities IPO Lot Size           50 Shares          
Issue Size           540.54 Cr          
Offer for sale 500 Cr  
Issue Type           Book built Issue IPO           
Listing At           BSE, NSE          
QIB Shares Offered             176.85 times          
NII (HNI) Shares           620.86 times          
Company Promoters           Mr. Anoop Bector is the promoter of the company. 

IPO Tentative Dates           

Bectors Food Specialities IPO opening date           15 Dec 2020              
Bectors Food Specialities IPO closing date           17 Dec 2020           
Basis of Allotment           22 Dec 2020          
Initiation of Refunds           23 Dec 2020              
The credit of Shares to Demat          23 Dec 2020           
BECTORS FOOD SPECIALITIES IPO Listing Date           24 Dec 2020          
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Industry Overview       

India’s packaged food business is currently valued at ₹ 1,636.00 billion. It has grown significantly in the last five years on account of rising incomes, urbanization, favorable demographics, and changing lifestyles. The sector’s retail revenue size was worth ₹ 984.00 billion in Financial Year 2015, about half of its current size, and has registered a CAGR of ~10.70% from Financial Year 2015 to Financial Year 2020. It is estimated to grow at a CAGR of 10.40% in the next five years to reach ₹ 2,687.00 billion. 

Bectors Food Specialities

Company Overview    

It is one of the leading companies in the premium bakery segment and premium and mid-premium biscuit segment in North India. The company’s product portfolio mainly consists of two categories of products; Biscuits (cookies, creams, crackers, digestive, etc.) and Bakery products (bread, buns, pizza bases, cakes, etc.). 

Mrs. Bectors manufactures and sells biscuits under its brand name “Mrs. Bector’s Cremica” whereas bakery products are manufactured under the brand name of “English Oven” and offered in the premium market segments such as Delhi NCR, Mumbai, and Bengaluru. As of June 30, 2020, its bakery segment has a total of 96 products and the Biscuits segment has a total of 384 items. 

Objectives Of the Issue

  • To finance the cost of Rajpura Expansion Project. 
  • To meet general corporate purposes. 

Financial Statements          

Particulars          30-Sept-20  31-Mar-20        31-Mar-19        
Total Assets          6,087.26 5,657.15 5,770.44 
Total Revenue          4,385.55 7,649.76 7,860.29 
Profit After Tax          388.83 304.03  331.50 

Strengths          

  • A leader in biscuits and bakery segments in North India. 
  • Well-diversified product portfolio. 
  • Major food certifications i.e. BRC, USFDA, and FSSC. 
  • Leading biscuits exporter to 64 countries. 
  • Modern production process. 

Weakness 

  • The continuing effect of the COVID-19 pandemic on the company’s business and operations is highly uncertain and cannot be predicted.  
  • Inadequate or interrupted supply, seasonality, price fluctuation, and adulteration of the raw materials could adversely affect its business, results of operations, and financial condition. 

Company Contact Information 

Mrs. Bectors Food Specialities Limited 
Theing Road, Phillaur 
Jalandhar – 144 410 
Punjab 
Phone: +91 182-6225418 
Email: compliance@cremica.in 
Website: http://www.cremica.in 

Bectors Food IPO Registrar 

Link Intime India Private Ltd 
 
Phone: +91-22-4918 6270 
Email: bector.ipo@linkintime.co.in 
Website: https://linkintime.co.in/ 

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