Mrs Bectors Food IPO: Key Dates, Price Band 2020

Mrs. Bectors Food Specialities Ltd (MBFS) launched its mainboard initial public offering (IPO) in December 2020 as a book-built issue sized at ₹540.54 crore. The offer combined a fresh issue and an offer for sale (OFS), with the company and selling shareholders tapping the market at a price band of ₹286 to ₹288 per share.

The IPO attracted close attention because it came with clearly defined retail and non-institutional ticket sizes, an employee discount component, and a published timetable that covered allotment, refunds, and credit of shares to demat accounts. The issue ultimately got listed on BSE and NSE.

IPO structure: fresh issue plus OFS

The IPO was a combination of a fresh issue of 0.14 crore shares aggregating to ₹40.57 crore and an offer for sale of 1.74 crore shares aggregating to ₹499.97 crore. In another disclosure of the same structure, the fresh issue was described as around 14.1-14.2 lakh shares (based on the price band), while the OFS size was stated as around 1.74 crore shares.

Across sources, the headline issue size is consistently presented around ₹540 crore, with figures such as ₹540.54 crore and ₹540.5 crore appearing in IPO trackers. One source also mentions ₹544.35 crore as the issue size. Since the company’s IPO was widely referenced as a ₹540.54 crore book-build, that number forms the core reported size.

Key dates: subscription window to listing

Bidding for the IPO opened on Tuesday, December 15, 2020 and closed on Thursday, December 17, 2020. The basis of allotment is stated as being finalized on December 22, 2020, and multiple IPO timetables also mention initiation of refunds on December 23, 2020 and credit of shares to demat accounts on December 24, 2020.

On listing, the article data includes a firm listing line: the shares got listed on BSE and NSE on December 24, 2020. Separately, some “tentative timetable” entries mention an expected listing date of December 28, 2020. These differences reflect how IPO calendars can show tentative dates even when the actual listing happens earlier.

Price band, issue price, and face value

Mrs. Bectors Food Specialities set a price band of ₹286 to ₹288 per share, with the issue price referenced at ₹288 per share. The equity shares carried a face value of ₹10 per share.

The issue was explicitly described as a Book Built Issue IPO, and the shares were to be listed on both BSE and NSE.

Lot size and minimum investment for retail investors

The lot size was 50 shares, and applications had to be in multiples of 50. Based on the band and cut-off price, the minimum retail application value varies with the selected price:

• At ₹286, 1 lot (50 shares) equals ₹14,300.
• At the cut-off/issue price ₹288, 1 lot (50 shares) equals ₹14,400.

One source states the “minimum amount of investment required by a retail” as ₹14,300 (50 shares), which aligns with the lower end of the band.

Non-institutional investor (NII) ticket sizes: sNII and bNII

For non-institutional investors, the lot-based investment thresholds were detailed using the ₹288 reference price:

• sNII: 14 lots = 700 shares, amounting to ₹2,01,600.
• bNII: 70 lots = 3,500 shares, amounting to ₹10,08,000.

Another data point also notes that a retail investor could apply for up to 13 lots (650 shares), translating to ₹1,87,200 at the cut-off price.

Employee reservation and discount

The IPO included an employee quota, with up to 18,315 shares reserved for employees at a discount of ₹15 per share to the issue price. Another range is also mentioned for employee reservation, 18,315 to 18,450 shares, reflecting tracker-level variations.

Separately, the article data also states that employees were to get a ₹15 per share discount, and that shares worth ₹0.50 crore were reserved for employees.

Allocation across investor categories

The IPO allocation details include:

• QIB portion: not more than 50%.
• Non-institutional investors (NII): 15%.
• Retail investors: 35%.

These category splits are part of the standard disclosure set that investors track closely while evaluating allotment probability and category-wise demand.

Subscription: demand snapshot

The issue’s total subscription ratio is stated as 198.2x. Another data point notes that the issue received 262 crore bids, while the issue size was 1.32 crore shares. Together, these figures indicate very strong demand versus the shares on offer, even though exact category-wise subscription numbers are not provided in the text.

Promoter holding: pre and post issue

Promoter shareholding numbers are provided as:

• Pre-issue promoter holding: 52.45%
• Post-issue promoter holding: 51%

This indicates a modest reduction after the IPO, consistent with the presence of a fresh issue and an OFS component.

Key facts table

Timeline table: application to listing

What this meant for investors

For investors, the key decision points were straightforward: choose a bid price within ₹286-₹288, apply in 50-share lots, and track the allotment and credit dates. The clear demarcation of sNII and bNII ticket sizes also helped applicants understand where their application would fall under the non-institutional category.

The IPO’s high reported subscription multiple of 198.2x and the mention of 262 crore bids against 1.32 crore shares point to heavy oversubscription. While the article data does not provide listing-day prices or returns, it does underline that demand, allotment timelines, and category allocation were central to how the IPO played out.

Conclusion

Mrs. Bectors Food Specialities’ December 2020 IPO was a ₹540.54 crore book-built issue, split between a ₹40.57 crore fresh issue and a ₹499.97 crore OFS, priced in a ₹286-₹288 band with a 50-share lot. With allotment finalized around Dec 22, refunds initiated on Dec 23, and shares credited on Dec 24, the issue moved quickly through the standard IPO process, culminating in listing on BSE and NSE.