Mrs Bectors share sale fully subscribed on first day
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New Delhi, Dec. 16 -- Mrs Bectors Food Specialities Ltd saw a strong opening to its initial public offering (IPO) on Tuesday as continued buoyant mood among retail investors led the share sale to be subscribed 3.7 times. This follows closely on the heels of the robust response to Burger King India's public offer.
Mrs Bectors Food's share sale received bids for 49.25 million shares against the issue size of 13.24 million shares. The company is offering shares in the price band of Rs.286-288 apiece. The IPO will close Thursday. The retail investor portion was subscribed nearly 6.83 times, exchange data showed. The portion of the share sale reserved for institutional investors was subscribed just 2%, while that for high net worth individual...
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