Mrs. Bectors IPO grey Market premium is trading at Rs. 200 too the issue price of 288. The IPO fully subscribed on the day one where the retail, HNI’S & Employee quota got fully subscribed. The ipo got 3.72 times subscribed on day one after which the GMP off the price saw in spike in its prices.
Mrs. Bectors IPO Subscription Status :
| Category | Subscription Status |
|---|---|
| Qualified Institutional | 0.02 Times |
| Non Institutional | 1.37 Times |
| Retail Individual | 6.83 Times |
| Employee | 9.46 Times |
| Others | [.] Times |
| Total | 3.72 Times |
Mrs. Bectors Food Specialities Ltd IPO subscribed 3.72 times on day one. Mrs. Bectors Food IPO received bids for 6.83 times issue size in retail, 0.02 times issue size in QIB, and 1.37 times issue size in the Non-institutional category by Dec 15, 2020 17:00.
Mrs. Bectors Food IPO Complete detail :
| Issue Open | Dec 15, 2020 |
| Issue Close | Dec 17, 2020 |
| IPO Price | ₹286 – ₹288 |
| Face Value | ₹10 |
| IPO Size | ₹540.54 Cr |
| Listing At | BSE, NSE |
| IPO Lot Size | 50 |
Mrs. Bectors ipo :
As Mrs Bectors Food Specialities Ltd’s initial public offering (IPO) opened today, there are basically two main factors that work in its favour. First, the company operates in the packaged processing foods segment in which they has lately benefited from the increase in stay-at-home consumption during the covid-19 pandemic. Mrs Bectors operates in the premium and mid-premium range of biscuits and bakery segment in geography off North India. The next one, the issue comes when the IPO market is performing well in all sectors. On Monday, Burger King India Ltd saw a spectacular listing gains with the stock more than double from its issue price of ₹60 and now trading at ₹ 160
However, The valuations are pricey, says Rajeev, analyst at axis Capital Market Pvt. Ltd. The price band set for Mrs Bectors issue is ₹286-288 per equity share. According to Rajeev, “At ₹288, Mrs Bectors trades at 54 times FY20 earnings per share, 14% discount to Britannia Industries Ltd.”
Mrs. Bectors Grey market Premium (GMP) :
Grey Market premium (GMP) for Mrs. Bectors food Specialities Ltd is trading at 70% off the issue price, which is 200 off the price set for the ipo. However, this IPO can see In increase in grey market Premium in upcoming days as the issue is expected to be subscribed more than the burger King ipo.
Retail investors are showing lot of interest in Ipo’s in this quarter. The contribution fromk retail investors and other high net worth individuals makes this ipo a must subscribe option if you are looking for listing gains.
Although, The chances of getting allotment if the ipo subscribed more than 100 times is too less due to the issue size is just ₹540 Crores.
Conclusion :
Mrs. Bectors ipo Grey market Premium for this ipo is expected to see spike in upcoming days after the last day. Hence if you are looking for listing gains then definitely you should subscribe this IPO.
Disclaimer :
Whatever have been written in this article is author’s personal Analysis. Research before you invest in this ipo. Happy investing
