Bids received for more than 2.62 billion shares
Mrs. Bacters received bids for 2,62,09,83,150 shares as of 5 p.m. Thursday. This is 198 times the size of the issue. The company is going to issue 1,32,36,211 shares in the issue. The company has raised Rs. 1 crore1 crore was targeted. The price band for Mrs. Bacter’s IPO is Rs. 286-288. On December 14, the company raised Rs 162 crore from anchor investors. It was later opened to retail investors on December 15. The IPO closed today, December 17.
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The public offering fur of Rs 40.54 crore and the sale offer fur (OFS) of Rs 500 crore have been included under Mrs. Bakers’ IPO. The IPO will close on December 17. The company has appointed SBI Capital Markets, ICICI Securities and ICFL Securities and 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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The reserve has 50 lakh shares for employees
Many of Mrs. Becter’s shareholders will sell their shares through this IPO. A discount of Rs 15 has been kept for employees. The company has reserved 50 lakh shares for employees. Investors can apply for at least 50 stocks. Under the IPO, 50% of the shares are reserved for qualified institutional buyers (QIBs). 35% shares are reserved for retail investors.
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These companies will also sell stakes through IPOs
In the IPO, Linus Pvt Ltd will sell equity shares worth Rs 245 crore through a sale offering fur. At the same time, Mabel Pvt. 38.5 crore, GW Crown PTE Ltd. and GW Confectionery PTE Ltd. a total of Rs. Will sell 30.5 crore shares. The company’s promoters do not sell any shares in the IPO. With this, the promoter’s stake in the company will be more than 51 per cent. “We have a 52 per cent stake in the company,” said Anoop Bector, MD of the company. We do not sell any equity.