Mrs Bectors Food Specialities Ltd - IPO Opens 15 December 2020

Incorporated in 1995, Mrs. Bectors Food Specialities Ltd is one of the leading companies in the premium bakery segment and premium and mid-premium biscuit segment in North India. The company's product portfolio mainly consists of two categories of products; Biscuits (cookies, creams, crackers, digestive, etc.) and Bakery products (bread, buns, pizza bases, cakes, etc.).

Mrs. Bectors manufactures and sells biscuits under its brand name "Mrs. Bector's Cremica" whereas bakery products are manufactured under the brand name of "English Oven" and offered in the premium market segments such as Delhi NCR, Mumbai, and Bengaluru. As of June 30, 2020, its bakery segment has a total of 96 products and the Biscuits segment has a total of 384 items.

All of its products are manufactured in-house across 6 strategically located manufacturing units in 5 different cities i.e. Maharashtra, Karnataka, UP, Himachal Pradesh, and Punjab. The company has a very strong distribution network of 154 super-stockists and 644 distributors supplying products through 458,000 retail outlets and 3,594 preferred outlets. It sells its products to 23 states in India and also exports its products under its own brand name and third-party private labels to 64 countries all over the world.

Competitive Strengths:

• A leader in biscuits and bakery segments in North India.
• Well-diversified product portfolio.
• Major food certifications i.e. BRC, USFDA, and FSSC.
• Leading biscuits exporter to 64 countries.
• Modern production process.
• Strong sales and distribution network. 

Company Promoters:

Mr. Anoop Bector is the promoter of the company.

Company Financials:

Particulars	For the year/period ended (₹ in Million)
Summary of financial Information (Restated Consolidated)	30-Jun-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets0	5,947.06	5,657.15	5,770.44	5,110.59
Total Revenue	2,037.55	7,649.76	7,860.29	6,957.55
Profit After Tax	158.72	304.03	331.50	358.93

Objects of the issue:

The funds raised through the Mrs. Bectors Food IPO are proposed to be utilized towards below objects:

• To finance the cost of Rajpura Expansion Project.
• To meet general corporate purposes.

( Read Detailed Report )

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