New Delhi, Dec 24:Shares of Mrs Bectors Food Specialities on Thursday made a remarkable market debut, listing with a premium of 74 per cent, against its issue price of Rs 288.
The stock opened at Rs 501, reflecting a jump of 73.95 per cent from the issue price on the BSE. As the trade progressed, it rose to Rs 601.20, up 108.75 per cent.
At the NSE, it made a debut at Rs 500, registering a premium of 73.61 per cent.
The company’s market valuation was at Rs 3,338.27 crore on the BSE.
Mirroring massive investor response, Mrs Bectors Food Specialities initial public offer was subscribed a whopping 198 times earlier this month.
The price band for the share sale was at Rs 286-288 apiece.
Mrs Bectors Food manufactures and markets a range of products such as biscuits, breads and buns. It markets a wide variety of biscuits and breads under the flagship brand ‘Mrs Bector’s Cremica’ and the ‘English Oven’, respectively. (PTI)
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