FMCG Stock Sets Sept 20 As Record Date For Rs 2/Sh Dividend, Launches 400 Cr QIP

Mrs. Bectors Food Specialities Ltd shares today jumped 11.63% and hit fresh 52-week high on BSE. Last trading price of Bectors Food shares price on BSE is Rs 1800.30 per share. Mrs. Bectors Food Specialities shares soared 35% in last 1-month and 385% in last 2-years. The FMCG sector company declared the launch of a qualified institutional placement (QIP) as the company reportedly seeks to better its financial position and fund expansion plans. Bectors Food is planning to raise approximately Rs 400 crore via QIP and set the floor price at Rs 1577.85.

Meanwhile, Bectors Food Specialities Ltd also fixed September 18 as the record date for Rs 2.00 per share dividend. The company's market capitalisation stood at Rs 10,588.91 crore. Check details below:

Mrs. Bectors Food Specialities Ltd Sets Floor Price For QIP: According to the BSE filing of the company, "we further wish to inform you that the Board has fixed the 'Relevant Date' for the purpose of the Issue, in terms of Regulation 171 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended ("SEBI ICDR Regulations"), as September 5, 2024 and accordingly the floor price in respect of the aforesaid Issue based on the pricing formula as prescribed under Regulation 176(1) of the SEBI ICDR Regulations is ₹ 1,577.85 per Equity Share approved by the Board. Pursuant to Regulation 176(1) of the SEBI ICDR Regulations, the Company may offer a discount of not more than 5% (five percent) on the floor price so calculated for the Issue."

Earlier on June 21, 2024 Mrs. Bectors Food Specialities held meeting and its Board gave nod to the proposal of raising funds of up to Rs 400 crore.

Mrs. Bectors Food Specialities Sets Record Date For Dividend: The BSE filing of the company stated, "The Company has fixed Friday, September 20, 2024 as the "Record Date" for the purpose of determining the Members eligible to receive dividend for the financial year 2023-24."

Mrs. Bectors Food Specialities Dividend: It had declared an interim dividend of Rs. 1.25 per Equity Share of Rs. 10/- each and declare Final Dividend of Rs. 2.00 per Equity Share of Rs. 10/- each for the financial year ended 31st March, 2024.

Mrs. Bectors Food Specialities Shares Performance: The 52-week high price of Mrs. Bectors Food Specialities shares on BSE is Rs 1847.35 apiece (as on 06/09/2024) and 52-week low price is Rs 926.30 apiece (as on 18/09/2024), respectively. Mrs. Bectors Food Specialities shares gained 20% in last 3-months, soared 72% in last 6-months, and jumped 77% in last 1-year.

About: It is one of the leading companies in the non-glucose biscuits and premium breads segment in North India, according to Technopak Report, with products sold under our well-recognized brands, 'Mrs. Bector's Cremica' and 'English Oven'. It manufactures and markets a range of products including biscuits, breads and buns, catering primarily to retail consumers in 11 states within India as well as to reputed institutional customers pan-India. It is also a leading exporter of biscuits from India, according to Technopak Report, as per its LinkedIn page.

Disclaimer: The stock highlights the dividend,, QIP, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.