Mrs Bectors

Mrs. Bectors Food on Tuesday, September 10, informed that the company has allotted 2.58 million equity shares to eligible qualified institutional buyers (QIBs) at a price of Rs 1,550 per share.

Mrs. Bectors Food Specialities launched a Rs 400-crore QIP at a floor price of Rs 1,577.85 crore

As of 7:10 AM, most Asia-Pacific markets were active following Japan's better-than-expected trade data. Japan's Nikkei was up 0.55 per cent, with Korea's Kospi surging nearly 1 per cent

Meanwhile, SBI Mutual Fund picked up over 3.3 million shares of Mrs Bectors

Mrs Bectors Food has underperformed market in the past 3-6 months after reporting weak set of numbers. In comparison, the benchmark index was down by less than 4 per cent during the same period.

Going forward, with introduction of new products, expansion of distribution network and capacity enhancement, the management foresees strong growth in overall revenues

Shares of Antony Waste, Mrs Bectors Food, Chemcon Speciality and Burger King are down about 40 per cent each

PNB plans to raise Rs 3,200 crore from share sale during the current quarter to enhance its capital base

Post listing, institutional investors led by foreign portfolio investors, financial institutions and banks have cut their stake by 4.06 percentage points to 10.46 per cent, data shows

Its Rs 541-crore initial public offering (IPO), which was launched in December, remains the most subscribed issue in over three years by any company

Rajni Bector started Mrs Bectors with an investment of Rs 300. Recently the company's IPO was oversubscribed 198 times, raising Rs 541 crore

Mrs Bectors posted the best listing gain in 2020 after Burger King and Happiest Minds, which gained 130 per cent and 123 per cent, respectively

Shares closed with a premium of 107 per cent against its issue price of Rs 288

A minute into the debut, the stock surged to its maximum upper limit of 20 per cent at Rs 601.20, rising more-than-double the issue price on the BSE

Markets will remain shut on Friday on account of Christmas.

The stocks of telecom firms are likely to react to the Trai data released on Wednesday that showed Bharti Airtel pipped Reliace Jio in mobile customer addition in October

Mrs Bectors IPO beat issues by Mazagon Dock Shipbuilders and Burger King that were subscribed 157 times each

Four of the five most-subscribed initial public offers are down 12-71% over day-one listing gains

Generated bids worth over Rs 40,000 cr. Previously, only three tiny issues have garnered more than 200x subscription

The portion reserved for employees was subscribed the most (30x); the retail investors' port­ion was subscribed 16.4x, the wealthy investor portion 8.6x, and the instituti­onal investor portion 4.7x