The stock was listed at Rs 501, a premium of 73.96% to the initial public offer (IPO) price.

So far the stock hit a high of 601.20 and low of 500. On the BSE, 19.61 lakh shares were traded on the counter so far while on NSE 1.74 crore shares were traded.

The IPO of Mrs. Bectors Food Specialities received bids for 262.10 crore shares as against 1.32 crore shares. The issue was subscribed 198.02 times. The issue opened for subscription on Wednesday (15 December 2020) and closed on Thursday (17 December 2020). The price band for the IPO was set at Rs 286-288 per share.

The non-institutional investors category was subscribed 620.86 times. The qualified institutional buyers (QIBs) category was subscribed 176.85 times. The retail individual investors category was subscribed 29.33 times.

The IPO consisted of fresh issue of shares amounting to Rs 40.54 crore and an offer of sale of shares aggregating up to Rs 500 crore (including anchor portion of 56,25,415 equity shares).

The proceeds from issue of fresh shares are proposed to be utilised for financing the project cost towards expansion of the Rajpura manufacturing facility in Punjab by establishing a new production line for biscuits. The cost of Rajpura plant expansion is Rs 40.54 crore.

The company recorded net profit of Rs 38.88 crore and sales of Rs 430.99 crore in the six months ended on 30 September 2020.

Mrs Bectors Food Specialities (MBFS) is engaged in the business of manufacturing and marketing biscuits and bakery products. The company markets its biscuits such as cookies, creams, crackers, digestives and glucose under its flagship brand 'Mrs. Bector's Cremica'. The company's bakery business manufactures and sells breads, buns, pizza bases and cakes to retail customers under the brand 'English Oven'. In bakery business, the company caters to premium segment in Delhi NCR, Mumbai and Bengaluru.

The company has six manufacturing facilities, three each for biscuits and bakery products. The three manufacturing facilities for biscuits are located at Phillaur and Rajpura (Punjab), Tahliwal (Himachal Pradesh) and that for bakery product are at Greater Noida (Uttar Pradesh), Khopoli (Maharashtra) and Bengaluru (Karnataka).