Mrs Bectors Food Specialties Ltd more than doubled on market debut on Thursday capping a string of robust initial share sales this year despite the ongoing pandemic. This was the last stock market listing for 2020 and also one of three initial public offerings (IPO) to double on debut. The IPO of Mrs Bectors Food to raise up to ₹540.54 crore at a price band of ₹286-288 per share was open for subscription during 15-18 December. Geojit Financial Services Ltd said over dependence on the biscuits business and not having long-term contracts with its quick service restaurant (QSR) customers are key risks for Mrs Bectors Food. Promoters, including Anoop Bector, his family and a family trust, own 52.40% in Mrs Bectors Food.

Source: Mint December 25, 2020 01:41 UTC