Mrs Bectors Food IPO allotment Status: Allotment of shares has been finalized in the IPO of Mr. Bectors Food. There was a strong response from investors in Mr. Bectors Food’s 540 crore IPO. The IPO is the highest subscribed IPO of the year 2020 so far. This IPO has been subscribed 199 times over its issue size. In view of this response, it is expected to be listed at a premium. At present, if you have also invested in an IPO, then it is important to check whether you got the shares or not.
Which part how much subscribe
The price band for Mr. Bectors Food IPO has been kept at Rs 286-288 per share. Its retail position is subscribed 29.28 times, while the reserve portion is 176.85 times for qualified institutional buyers and 620.86 times for non-institutional investors. IPA had a reserve of 35 per cent for retail investors, 50 per cent for qualified institutional investors and 15 per cent for non-institutional buyers.
How to check status
Option 1: From BSE website
For this, first you have to go to the BSE website.
After that the equity box has to be checked.
Then you will have to name the issue Mr. Bectors Food in the dropdown.
After that you have to type your application number in the box.
After that you will have to provide information about your PAN number.
Finally, you have to click on the search button, after which the complete information will be revealed.
Option 2: On the registrar’s website
Link Intime India is the registrar for this issue.
The registrar for this IPO is Link Intime India, whose website has to be visited.
The website is https://www.linkintime.co.in/IPO/public-issues.html.
In the dropdown, type the company name Mr. Bectors Food.
After that enter PAN number, application number or depository / client ID in the box
Then enter the captcha and click on the search button.
Brokerage advised to subscribe
According to Nirali Shah, senior research analyst at SAMCO Securities, investors can take advantage of listing gains in it. He says that Mr. Bectors Food sells a bakery product named ‘English Oven’ and cookies under the name ‘Cremica’. Both brands are popular. Both brands have a significant stake in North India. The company is also financially strong.
Brokerage house Angel Broking also suggested to subscribe to the issue. The brokerage says that the domestic biscuits and bakery market is expected to grow at 9 per cent in the next few years. On the other hand, the institutional biscuits and bakery market is expected to grow at the rate of 20 percent during this period. In such a situation, Mr. Bectors will benefit further.