loader

SBICAPS LED THE FOUNDER & PE INVESTORS OF MRS. BECTOR FOODS TO A RECORD SUCCESS

Setting the record for the highest-ever subscribed ipo & outperforming other brlms in procurement [1/2]

2020

Key Highlights and Value Add by SBICAPS – Investec (Left Lead BRLM)

Mrs. Bectors Food Specialities (Cremica) is a home grown branded packaged foods company present across biscuits and bakery products – it is backed by marquee PE investors – CX Partners and Gateway Partners

SBICAPS led from the front as the Left Lead BRLM to the INR 5,405mn IPO –

  • Regulatory issues solved / approvals in record time – Launched the deal in a record time of 133 days from kick-off; Receipt of SEBI approval within 29 days of DRHP filing
  • Despite COVID impact, convinced global & domestic investors with solid research and strongly positioned the Company as a quality, scaled-up consumer packaged foods brand with sustainable long term growth levers in place
  • As international marketing coordinator to the IPO, strategized and led the widest institutional investor outreach with solid research support and generated the optimal mix of marquee long-only and deal players
  • #1 in number of anchor FII investors, #1 in amount procured and #1 in overall number of investors
  • Guided investors to the highest valuation band, higher than other lead banks
  • Highest oversubscription ever for an IPO*: QIB 177x, NII 621x, Retail 29x. Overall 198x

ISSUE DETAILS

IPO Size INR 540.54 Cr
Kick Off Aug 04, 2020
Filing of DRHP Oct 20, 2020
Final Observation from SEBI Nov 19, 2020
Filing of RHP Dec 08, 2020
Issue Period Dec 15, 2020 - Dec 17, 2020

RECORD BREAKING SUBSCRIPTION

QIB ~177x
NII ~621x
Retail ~29x
Employee ~46x
Overall ~198x

  • - Anoop Bector (Promoter)

    “Super impressed by SBICAPS, amazing work done by the team”

  • Rahul Goswamy (Gateway Partners)

    “Super impressed by SBICAPS, amazing work done by the team”

  • Manu Sahni (MD, CX Partners)

    “Our faith in selecting SBICAPS as left lead for this effort has been more than justified. Your advice to go with single counsel not only saved costs but also smoothened the whole process to file and get SEBI final observation.”

    Subscribe to content and reports from SBICAPS

    I hereby provide my consent to share my email id with SBICAPS for the purpose of availing the service of subscription to the content and reports from SBICAPS and let them use, share and retain it to provide, analyse, administer, enhance and extend their service.