Understanding Mrs. Bectors IPO GMP
The highly anticipated Mrs. Bectors IPO GMP, a book-built issue worth ₹540.54 crores, combined a fresh issue of ₹40.54 crores and an offer for sale of ₹500.00 crores, with a bidding period from December 15 to 17, 2020, and listing on BSE and NSE on December 24, 2020, at a price band of ₹286 to ₹288 per share, requiring a minimum investment of ₹14,400 for 50 shares, managed by ICICI Securities Limited, IIFL Securities Ltd, and SBI Capital Markets Limited, and registrar duties handled by Link Intime India Private Ltd.
Key Details: Mrs. Bectors IPO GMP
- IPO Date: December 15, 2020, to December 17, 2020
- Listing Date: December 24, 2020
- Face Value: ₹10 per share
- Price Band: ₹286 to ₹288 per share
- Lot Size: 50 shares
- Total Issue Size: ₹540.54 Cr
- Fresh Issue: ₹40.54 Cr
- Offer for Sale: ₹500.00 Cr
Reservation Categories: Mrs. Bectors IPO GMP
- QIB (Qualified Institutional Buyers): 28.53%
- NII (Non-Institutional Investors): 21.40%
- Retail: 49.93%
- Employees: 0.14%
- Promoter: Mr. Anoop Bector (pre-issue shareholding: 52.45%)
Timeline: Mrs. Bectors IPO GMP
- IPO Opens: December 15, 2020
- IPO Closes: December 17, 2020
- Basis of Allotment: December 22, 2020
- Refunds Initiated: December 23, 2020
- Shares Credited to Demat: December 23, 2020
- Listing Date: December 24, 2020
- UPI Mandate Confirmation Cut-off: 5 PM on December 17, 2020
Investment Range: Mrs. Bectors IPO GMP
- Retail (Min): 1 lot (50 shares) = ₹14,400
- Retail (Max): 13 lots (650 shares) = ₹187,200
What is Mrs. Bectors IPO GMP?
The Grey Market Premium (GMP) of an IPO indicates the premium at which the shares are traded in the grey market before they are officially listed on the stock exchanges. Investors often look at the GMP to gauge the potential performance of the stock upon listing.
Benefits of Investing in Mrs. Bectors IPO GMP
- Strong Market Position: Mrs. Bectors is a well-established name in the food industry.
- Growth Potential: The company has shown consistent growth, making it a promising investment.
- Attractive Valuation: The price band and GMP indicate potential for listing gains.
How to Apply for Mrs. Bectors IPO GMP?
- Open a Demat Account: If you don’t have one, you can create your demat account here.
- Choose a Broker: Select a broker to place your bid.
- Place Your Bid: Decide on the number of lots you want to apply for and place your bid within the price band.
- UPI Mandate: Confirm your UPI mandate for the bid amount.
- Wait for Allotment: Check the allotment status on the registrar’s website.
- Listing: Shares will be credited to your demat account and listed on the stock exchanges.
Detailed Explanation of Terms
- Fresh Issue: New shares issued by the company to raise capital.
- Offer for Sale (OFS): Existing shareholders sell their shares.
- Book Running Lead Managers: Responsible for managing the IPO process.
Conclusion
Investing in Mrs. Bectors IPO GMP can offer significant returns, but it’s crucial to understand the details and risks involved. Make sure to do thorough research and consult with financial advisors before making any decisions.
Create Your Demat Account with GRM Bulls
If you want to create your demat account, click the button below:
At GRM Bulls, we provide all the financial services and assistance you need. If you want to learn trading, visit GRM IIT.
Remember, investing in an IPO involves risks, so always do thorough research and consult financial advisors before making any decisions. 🌟