As per a leading business dailies report, Mrs Bectors Food Specialities, supplier to QSR including McDondald's and Burger King may launch its IPO next week.
"As of now, the firm is planning to launch the IPO on December 15th after having received a speedy approval from Sebi in 29 days. Perhaps, the fastest for a non-PSU IPO in recent years," said one of the persons cited above.
The company which came up with IPO plans in 2018 deferred it on account of market conditions. "The IPO is being driven by the private equity investors CX Partners and Gateway Partners who are seeking a partial exit. The OFS ( offer for sale) component is for Rs 500 crores and due to better valuations , the fresh issue of shares component has now been reduced slightly to around Rs 40 crores," a second person told a leading online news and business portal.
Ludhiana-based company is a biscuit manufacturing company and a leading supplier of buns.