Mrs. Bectors Food Specialities IPO
Mrs. Bectors Food Specialities Limited (BECTORFOOD) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 24 December 2020.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +60.3% (likely range +27% to +91%), day's high +71.4%, chance of a gain 97%. Actual: +73.6% at the open, +108.3% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 37,76,502 | 66,78,64,500 | 177x | |
| NII (HNI) total | 28,32,378 | 1,75,85,10,550 | 621x | |
| Retail | 66,08,881 | 19,38,28,350 | 29.3x | |
| Employees | 18,450 | 8,38,800 | 45.5x | |
| Total | 1,32,36,211 | 2,62,10,42,200 | 198x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 6% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Mrs. Bectors Food Specialities's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Central Depository Services (India)Jun 2017 | 149x | 563x | 23.8x | 170x | ₹524 Cr | +67.8% | +81.2% |
| Capacit'e InfraprojectsSep 2017 | 131x | 638x | 17.6x | 183x | ₹408 Cr | +59.6% | +59.6% |
| Chemcon Speciality ChemicalsSep 2020 | 114x | 449x | 41.2x | 149x | ₹318 Cr | +115.0% | +115.1% |
| Mazagon Dock ShipbuildersOct 2020 | 89.7x | 679x | 35.6x | 157x | ₹773 Cr | +48.2% | +49.6% |
| Ujjivan Small Finance BankDec 2019 | 111x | 473x | 49.1x | 166x | ₹771 Cr | +58.8% | +69.7% |
| MAS Financial ServicesOct 2017 | 148x | 379x | 16.0x | 128x | ₹464 Cr | +43.8% | +48.5% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| SBI Capital Markets | 56 | +16.7% | 61% |
| ICICI Securities | 109 | +21.3% | 69% |
| and IIFL Securities | — | — | — |
Offer documents (NSE)
Frequently asked
What is the Mrs. Bectors Food Specialities IPO price band and lot size? ₹286–288 per share, with a lot of 50 shares, so the smallest retail bid is ₹14,400.
How many times has it been subscribed? 198x overall: QIB 177x, NII 621x, retail 29.3x, employees 45.5x.
How did it list? It opened at ₹500, +73.6% against the issue price of ₹288, and closed its first day +106.3%.
