Home stock market IPO's Mrs. Bectors Grey Market Premium(GMP) Falls too 70% on Friday

Mrs. Bectors Grey Market Premium(GMP) Falls too 70% on Friday

Mrs. bectors grey market premium

Mrs. Bectors grey market premium Falls after last day off subscription and hence trading at around 70% Premium. Syedlearns team spoked to the agents working in the Grey market, they told ready to pay 210-220 Rupees extra on the issue price. However, the GMP in the market rises and after the end off day 2 i.e Dec 16 2020 16:59 PM. The issue got over subscribed at 11.40 times the issue size.

Mrs. Bectors GMP Falls on Friday after burger king share prices closed at 10% lower circuit. After Record Subscription on last day the premium price for Cremica IPO was trading at 80%. However, On Friday evening the agents saw less demand for the shares of Mrs. Bectors food speciality ipo.

We have given the detailed day wise subscribtion status in our article do check it out here.

Mrs. Bectors Grey Market Premium Today :

On december 16th 2020, Mrs. Bectors ipo grey market premium is trading at Rs. 210-220. The Kostak price is Rs. 550 for sauda price Rs. 7500. The agents in the grey market giving Rs. 400-500 per application per pan card. However, Day 2 saw huge subscribtion from Qualified institutional buyers and High net worth Individuals.

On December 17th 2020, the grey market premium(GMP) the price trading in the market is around Rs. 230-240. The agents told us that the investors are ready to pay 90% for this ipo. There is alot of craze for IPO’s this season which is seen here.

Mrs. Bectors Ipo GMP price is expected to rise at the end off the day after the bidding process stops. Brokers in the market seeing people’s to apply for this IPO. However, If this ipo Subscribed as burger kings’s then the possibility of allotment will be 0.02% which seems quite obvious.

Mrs. Bectors IPO allotment status :

Mrs. Bectors IPO allotment status is available on our site. Investor’s can check the allotment status by clicking this link. The basis of allotment of shares of Mrs Bectors will be finalized on 22nd Dec and refunds will be initiated on 23rd Dec.

Mrs. Bectors Food IPO Subscription Status :

The Mrs. Bectors Food IPO is subscribed 11.40x times on day 2. The public issue subscribed 16.36x in the retail category, 4.67x in the QIB category, and 8.67x in the NII category.

Day 3 Update : Dec 17th 2020 At 10:45 am the exchange data shows that Mrs. bectors food ipo got Subscribed 15.02 times. The issue is getting good response from all 4 category. Hence the Grey market premium for Mrs. Bectors ipo surges to 85% on day 3.

CategoryIPO Subscription
QIB 176.56×
NII 620.83×
RII 29.37×
Employee 45.83×
Total 198.02×

Mrs. Bectors Food Specialities Limited IPO Details :

Issue Date15/12 – 17/12
Issue SizeRs. 540.54 Cr
Issue PriceRs. 286 – 288
Market Lot50 Shares
Shares on Offer670000000
RegistrarLink Intime
GMP(Grey Market Premium)Rs. 210-220
Subject to SaudaRs.7300-7500
Listing Date28 Dec 2020
Listing Price on NSE, BseN/A
Listing GainsN/A

Mrs Bectors Food Specialities shares were trading strong within the grey market on Wednesday. On Second day of the bidding process. Today, Mrs Bectors Food Specialities shares were seen trading at Rs 488 apiece, up Rs 200 or 70 per cent from the difficulty price of Rs 288 apiece. Mrs Bectors Food is that the largest supplier of buns in India to quick service restaurants (QSR) chains like Burger King, McDonald’s, KFC, Carl’s Jr, Pizza Hut and Dominos Pizza. It also sells a spread of its bakery and frozen products to cloud kitchens like Rebel Foods and multiplexes like PVR. The company’s biscuit products are sold under the flagship brand ‘Mrs Bector’s Cremica’, and also the premium bakery products under ‘English Oven’. 

Burger King India shares were listed on the bourses with 92 per cent premium to its issue price of Rs 60. Since the exchange debut, Burger King India shares have surged 73 per cent, however, from the IPO price, it’s soared an enormous 232 per cent. Analysts say that while Mrs Bectors Food is well-known for its strong distribution network and robust business especially in north India, their financials especially profit and ROE are during a downward trend.

“However this IPO market in India seems to be in an exceedingly euphoric mood as major indices continue their climb to newer highs,” Abhijeet Ramachandran, Independent Analyst/ Co-Founder and Trainer at Tips2Trade, told Syedlearns Online. He further said that it might be difficult for Mrs Bectors to duplicate the success of Burger King’s IPO, but still, it should give attractive returns upwards of a minimum of 20-30% at the time of listing. After the stellar listing of Burger King IPO, there is also a rub-off effect within the IPO of Mrs Bectors Food Specialties too. These factors should work well for the corporate and investors on listing still as short term period,” Abhay Doshi, a Gujarat based independent dealer in unlisted shares, told syedlearns.  

So, it might be prudent to trace the upcoming performance for long-term decisions,” Abhay Doshi added. Who subscribed how much? the difficulty was fully subscribed within two hours on the primary day of bidding on Wednesday. The portion put aside for retail investors was subscribed 12.05 times, employee 11.53 times, non-institutional investors 3.51 times which of qualified institutional investors 41 per cent, to this point on day two. the problem has been subscribed nearly 7 times today.

Also Read : Lic Ipo Update

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