Mrs Bectors Food Specialities IPO: CREMICA! Issue opening, closing date, price band, lot size and other details for share bazaar investors

Bread and biscuits maker Mrs Bectors Food Specialities is planning to hit the capital markets mid next week to raise around Rs 450-500 crore to fund the company's brownfield expansion of Rajpura manufacturing unit in Punjab. Here is all you need to know about Mrs Bectors Food Specialities IPO:-

 -The proposed Initial Public Offering will open on December 15 and will close on December 17

- The price band has been fixed at Rs 286-288 per equity share of a face value of Rs 10 each.

- The minimum bid lot is 50 equity shares and multiples of 50 equity shares thereafter

- The IPO would comprise of a fresh issue of equity shares worth Rs 40.54 crore and an offer for sale (OFS) by existing shareholders worth Rs 500 crore, which includes an offer for sale aggregating up to Rs 245 crore by Linus, up to Rs 38.50 crore by Mabel, up to Rs 186 crore by GW Crown PTE. Ltd and up to Rs 30.50 crore by GW Confectionary PTE.

- SBI Capital Markets, ICICI Securities and IIFL Securities are the books running lead managers of the issue.

- Up to 50 per cent of the issue will be reserved for Qualified Institutional Buyers (QIB) while 35 per cent will be reserved for retail investors and not less than 15 per cent for the non-Institutional Investors (NIIs).

- The employee reservation portion would be up to Rs 50 lakh.

- As the promoter is not selling any equity, they will continue to hold over 51 per cent of the shareholding after the IPO.

- The funds raised through the IPO will be utilised for brown-field expansion of its Rajpura manufacturing unit and establishing a new production line.

Mrs Bectors Food Specialities

- The company sells biscuits under the 'Cremica' brand and manufactures and markets a wide range of biscuits such as cookies, creams, crackers, digestive biscuits, and an array of premium breads under the 'English oven' brand.

- Mrs Bectors Food Specialities is also a leading supplier of buns to quick-service restaurant (QSR) chains such as McDonald's, KFC, Burger King and Carl's Jr among others.