Mrs Bectors Food Specialities Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹288
Per ShareLot Size
50 Shares
Minimum Investment
₹14,400
Issue Size
₹540.54 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Mrs Bectors Food Specialities Ltd
Business model, operations, and market positioning.
Issue Type
Book Building
ISIN
INE495P01020
About the Company
Mrs Bectors Food Specialities Ltd is one of the leading companies in the premium and mid-premium biscuits segment and the premium bakery segment in North India, according to the Technopak Report. It manufacture and market a range of biscuits such as cookies, creams, crackers and digestives under its flagship brand 'Mrs. Bector's Cremica'. It also manufacture and market bakery products in savoury and sweet categories which include breads, buns, pizza bases and cakes under its brand 'English Oven'.
Industry Overview
The Indian biscuits and bakery retail market is valued at Rs. 450.00 billion and is expected to grow at a CAGR of approximately 9% over the next five years. Biscuits and other snacking bakery products such as rusks, wafers and tea cakes contribute almost Rs. 400.00 billion or 89% to the total market share. The balance 11% is contributed by breads including loaves, buns, pizza bases which together account for Rs. 50.00 billion. Biscuit industry is characterised by few large players, regional brands as well as small scale industries. In the unbranded sector, over 30,000 small, very small and tiny units spread all over the country. The biscuit industry was also reserved for small-scale earlier but it was de-reserved in 1997-98. In the unbranded bread sector, there are about 75,000 bread manufacturers spread all over including some of those operating even residential premises.
Growth Strategy
- Focusing on growth in premium biscuits and bakery segment to improve margin
- Focus on product development in biscuits and bakery segments
- Expand our product reach in India and globally
- Expanding distribution network through diversification
- Focus on increasing our brand awareness
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 18,769,701 equity shares of face value of Rs. 10 each (The "Equity Shares") of Mrs. Bectors Food Specialities Limited ("The Company" or The "Company" or The "Issuer") for cash at a price of Rs. 288~ per equity share (including a share premium of Rs. 278 per equity share) (The "Offer Price") aggregating to Rs. 540.54 crores (The "Offer") comprising a fresh issue of 1,408,592 equity shares aggregating to Rs. 40.54 crores (The "fresh issue") and an offer for sale of 17,361,109 equity shares (The "offered shares") aggregating to Rs. 500.00 crores, comprising an offer for sale of 8,506,944 equity shares aggregating to Rs. 245.00 crores by Linus Private Limited, 1.336,805 equity shares aggregating to Rs. 38.50 crores by Mabel Private Limited, 6,458,333 equity shares aggregating to Rs. 186.00 crores by GW Crown Pte. Ltd. and 1,059,027 equity shares aggregating to Rs. 30.50 crores by GW Confectionary Pte. Ltd. (Mabel Private Limited, GW Crown Pte. Ltd., and GW Confectionary Pte. Ltd., together reffered to as "Gateway selling shareholders", The Gateway selling shareholders and Linus Private Limited, collectively referred to as "selling shareholders" and such offer by selling shareholders, the "offer for sale"). This offer includes a reservation of 18,315 equity shares aggregating to Rs. 0.50 crore (constituting up to 0.03% of the post-offer paid-up equity share capital of the company) for purchase by eligible employees (The "Employee reservation portion"). The offer less the employee reservation portion is hereinafter referred to as the "net offer". The offer and the net offer would constitute at least 31.95% and 31.92%, respectively, of the post-offer paid-up equity share capital of the company. The Company and the selling shareholders in consultation with the book running lead managers, may offer a discount of up to Rs. 15.00 of the issue price to eligible employees bidding in the employee reservation portion ("employee discount"). The Face value of the equity share is Rs. 10 each and The Offer price is 28.80 times the face value of equity share.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- One of the leading brands in biscuits and bakery businesses in North India
- One of the leading exporter of biscuits
- Established presence in retail and institutional bakery business
- Modern and automated production process with a focus on quality control
- Wide spread and established sales and distribution network
- The continuing effect of the COVID-19 pandemic on companys business and operations is highly uncertain and cannot be predicted.
- Company's inability to anticipate, respond to and meet the tastes, preferences or consistent quality requirements of the consumers or its inability to accurately predict and successfully adapt to changes in market demand or consumer preference could reduce demand for the products, affect the brand loyalty and impact the sales.
- Company could be adversely affected due to restriction on use of company's brand name and any negative publicity of the products.
- Company have incurred indebtedness and may incur additional debt in the future, which may expose it to interest rate fluctuations, and restrict the operational flexibility in certain ways.
- One of the Group Companies, CAFL, has incurred losses in the Financial Year 2018 and may incur losses in the future.