Is it good to buy Mrs Bectors IPO?
Is it good to buy Mrs Bectors IPO?
At the higher price band of Rs 288, the stock is valued at 28 times its trailing 12-month earnings of Rs 10.32, which looks quite attractive considering the brand equity, distribution network, strong fundamentals and robust growth prospects, the brokerage said. “The company has turned free cash flow positive in H1FY21.
Is Bectors food IPO allotted?
Bectors Food IPO shares will be distributed on a proportionate basis to Retail Individual Investors (RII). Each retail investor will get a minimum of 1 lot subject to the availability of shares in the retail portion.
What is the GREY market premium of Mrs Bectors IPO?
Mrs Bectors Food IPO, which has entered its second day, is commanding a premium of 76\% in grey market. According to reports, the grey market premium rose to Rs 220 on December 15, at the end of first day of IPO. This means the share is likely to be listed at around Rs 500.
What will be the listing price of Mrs Bectors?
Mrs. Bectors Food IPO Details
| IPO Opening Date | Dec 15, 2020 |
|---|---|
| IPO Price | ₹286 to ₹288 per equity share |
| Market Lot | 50 Shares |
| Min Order Quantity | 50 Shares |
| Listing At | BSE, NSE |
What is GREY market price of Mrs Bectors?
In the grey market, Mrs Bectors Food Specialities shares were last seen trading at Rs 503 apiece, implying a premium of Rs 215 or 75 per cent over the IPO price of Rs 288 apiece.
What will be the opening price of Mrs Bectors?
The share price opened at Rs 501 on the BSE, higher by Rs 213 compared to issue price of Rs 288, while on the National Stock Exchange, it listed at Rs 500, a 73.61 percent premium. The BSE has fixed the upper price band for shares at Rs 601.20 and the lower price band at Rs 400.80 for the listing day.
What is Mrs Bectors IPO?
Mumbai: Shares of Mrs Bectors Food Specialities debuted at Rs 501 on the BSE, a 73.9 per cent premium over the issue price of Rs 288, after the company’s Rs 541 crore initial public offer (IPO) received a robust response earlier this month. At 10:03 am, the stock was trading at Rs 586.80.