Latest News | BIZ-LISTING-BECTORSFOOD Mrs Bectors Food Specialities off to Flying Start; Shares List with 74 Pc Premium
Get latest articles and stories on Latest News at LatestLY. Shares of Mrs Bectors Food Specialities on Thursday made a remarkable market debut, listing with a premium of 74 per cent, against its issue price of Rs 288.
New Delhi, Dec 24 (PTI) Shares of Mrs Bectors Food Specialities on Thursday made a remarkable market debut, listing with a premium of 74 per cent, against its issue price of Rs 288.
The stock opened at Rs 501, reflecting a jump of 73.95 per cent from the issue price on the BSE. As the trade progressed, it rose to Rs 601.20, up 108.75 per cent.
At the NSE, it made a debut at Rs 500, registering a premium of 73.61 per cent.
The company's market valuation was at Rs 3,338.27 crore on the BSE.
Mirroring massive investor response, Mrs Bectors Food Specialities initial public offer was subscribed a whopping 198 times earlier this month.
The price band for the share sale was at Rs 286-288 apiece.
Mrs Bectors Food manufactures and markets a range of products such as biscuits, breads and buns. It markets a wide variety of biscuits and breads under the flagship brand 'Mrs Bector's Cremica' and the 'English Oven', respectively.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)