 "IPO")
Mrs Bectors Food Specialities’ Rs 540-crore initial public offering (IPO) will open for subscription on December 15, and the price band for this is Rs 286-288 per share. The issue comprises of Rs 40 crore of fresh capital raise and Rs 500 crore of secondary share sale by four existing shareholders.
At the top end, the company will have market capitalisation of nearly Rs 1,700 crore on a post-diluted basis. The issue proceeds will be used by Mrs Bectors to set up a new production line for biscuits.
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