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.
- Last updated:
December 15, 2020, 5:45 AM IST
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).
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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.
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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.