Mrs. Bector’s is a good name in the FMCG industry, its’ a well-known supplier of buns to McDonald’s & the maker of Cremica biscuits finally plans to list IPO by the end of the calendar year 2019.
The expectation of a company through IPO is to raise the fund in between 500 to 600 crore. The merchant bankers of this IPO are Edelweiss Financial Services, Motilal Oswal Financial Services and IIFL.
Rajni Bector has stated Mrs. Bector’s in Ludhiana in 1978 as she was fond of cooking. She also supplied food for local gatherings and personal too. Ajay (elder) & Anup (youngest) Bector are two people who run the business of Mrs. Bector’s Food Specialists Ltd. While Akshay Bector runs Cremica foods very well for many years. These 3 sons run the whole business while Rajni bector does not involve herself in day-to-day business.
KFC, Café Coffee Day, Starbucks, Jet Airways and Domino’s pizza are their main clients and also delivering products to B2B and B2C segments. Delhi, Jammu & Kashmir, Haryana, Himachal Pradesh and Punjab are the core distribution network of this food specialists company and the well-known products are Pastes, biscuits, sauces and cookies.
Keep your eyes and ears open for this IPO.