To open Mrs. Bakers Food’s IPO today, there will be a monetary opportunity, learn all about it before subscribing

Mrs. Bakers Foods, which supplies raw materials to Burger King, is also launching its IPO today.

The IPO of Mrs. Bakers Food Specialties, which supplies raw materials to Burger King, is set to launch today, December 15. However, the IPO of Anchor Investors opened on December 14. The IPO will close on December 17.

  • News18
  • Last updated:
    December 15, 2020, 5:45 AM IST

New Delhi. Shares of Burger King gave investors a 125% return on the first day of the listing. If you have lost your investment in Burger King, today is another chance to make a good profit by investing in the stock market. Today’s 15th Public Offer (IPO) will start this year. In fact, Mrs. Betters IPO, which supplies raw materials to Burger King, is opening for subscription from today. It is trading at a 70% premium in the gray market, which means there is a huge demand among investors even before the IPO opens. In such a case, he can make a good profit on the list. The company aims to raise Rs 540 crore through this IPO.

The IPO will close on December 1 to be listed on the BSE-NSE

Investors will be able to apply for shares of the company through the IPO of Mrs. Bakers Food Specialty, a biscuit maker under the Kremica brand, until December 17. Let us know that this IPO for Anchor Investors opened on Monday i.e. 14th December. The company has appointed SBI Capital Markets, ICICI Securities and ICFL Securities (IIFL Securities) as lead managers for the IPO. It will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Also read- Burger King shares rise 125%, investors sell on first day, experts sell or holdCompany employees will be given a discount of Rs 15

Many shareholders in Mrs. Bakers Food Specialties will sell their stake through this IPO. A discount of Rs 15 has been set for employees. The company has reserved 50 lakh shares for employees. Investors can apply for at least 50 shares. Its price band has been fixed at Rs 286 to Rs 288. Under this IPO, new equity shares worth Rs. 50.44 crore will be issued. In addition, shares worth Rs 500 crore will be issued through Offer for Sale (OFS). Under the IPO, 50 per cent of the shares are reserved for eligible institutional buyers (QIBs). 35% of the shares are reserved for retail investors.

Also read- Big news for bank customers! How to pay by check will change, new rules will take effect from 1 January

These companies will also sell their stake through this IPO

Linus Pvt Ltd will sell equity shares worth Rs 245 crore in the IPO through a sale offer. At the same time, Mabel Pvt Ltd will sell shares worth Rs 38.5 crore, GW Crown PTE Ltd and GW Confectionery PTE Ltd for a total of Rs 30.5 crore. The promoters of the company do not sell any shares in the IPO. With this, the share of promoters in the company will be more than 1 percent. “We have a 52 per cent stake in the company,” said Anoop Bacter, MD of the company. We do not sell any equity.