Burger King & McDonald's Supplier Mrs Bectors Foods May Launch Rs 540 Crore IPO Next Week

After the launch of the Burger King IPO last week, which was oversubscribed a jaw dropping 157 times, now Mrs Bector Food Specialities is all set to launch its IPO next week. Mrs Bector Food Specialities is a premium biscuit maker and leading supplier of buns to food joints including McDonalds and Burger King.

This is not the first time that the Ludhiana based brand is planning to launch an IPO. They have attempted the same in 2018 as well and got all the necessary approvals from SEBI too but the plan was dropped later considering the market conditions.

This time too SEBI has provided the necessary nod required for IPO launch. The approval from SEBI was received in 29 days which is the fastest one for a non-PSU IPO in recent times.

The financial performance of the organization has been good in the last few months despite the outbreak of the Covid-19 pandemic and the subsequent lockdown. The brand is definitely looking towards the ongoing momentum in the capital markets and wants to make the most out of the attractive valuations in the food segment.

As per the documents filed with SEBI, the company is probably the largest supplier of buns in India. Some of the leading Quick Service Restaurants (QSR) including McDonalds, Pizza Hut, KFC and Burger King are sourcing their bunds from the brand. The brand has also ventured into the Frozen Dough Segment where it is having a neck to neck competition with its rival Baker’s Circle, which has the largest market share.