Bids received for more than 2.62 billion shares
Mrs. Bectors received bids for 2,62,09,83,150 shares till 5 pm on Thursday. This is 198 times the issue size. The company is going to issue 1,32,36,211 shares in the issue. The company had targeted to raise Rs 541 crore from the issue. The price band has been kept at Rs 286-288 per share for the IPO of Mrs. Bectors. On December 14, the company raised Rs 162 crore from anchor investors. It was later opened to retail investors on 15 December. Today, on 17 December, this IPO has closed.
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The public offering of Rs 40.54 crore and sale offer (OFS) of Rs 500 crore are included under the IPO of Mrs. Bectors. The IPO will close on 17 December. The company has appointed SBI Capital Markets, ICICI Securities and ICFL Securities and IIFL Securities as lead managers for the IPO. It will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
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Reserve holds 50 lakh shares for employees
Many shareholders in Mrs. Bectors will sell their stake through this IPO. A discount of 15 rupees has been kept for the employees. The company has reserved 50 lakh shares for employees. Investors can apply for at least 50 shares. Under the IPO, 50% of the shares are reserved for qualified institutional buyers (QIB). 35% of the shares are reserved for retail investors.
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These companies will also sell stake through IPO
In the IPO, Linus Private Limited will sell equity shares worth Rs 245 crore through a sale offering. At the same time, Mabel Private Limited will sell shares worth Rs 38.5 crore, GW Crown PTE Ltd Rs 186 crore and GW Confectionary PTE Ltd for a total of Rs 30.5 crore. The promoters of the company are not selling any shares in the IPO. With this, the promoters’ stake in the company will remain more than 51 percent. Company MD Anoop Bector said that we have a 52 per cent stake in the company. We are not selling any equity.