Key Highlights and Value Add by SBICAPS – Investec (Left Lead BRLM)
Mrs. Bectors Food Specialities (Cremica) is a home grown branded packaged foods company present across biscuits and bakery products – it is backed by marquee PE investors – CX Partners and Gateway Partners
SBICAPS led from the front as the Left Lead BRLM to the INR 5,405mn IPO –
- Regulatory issues solved / approvals in record time – Launched the deal in a record time of 133 days from kick-off; Receipt of SEBI approval within 29 days of DRHP filing
- Despite COVID impact, convinced global & domestic investors with solid research and strongly positioned the Company as a quality, scaled-up consumer packaged foods brand with sustainable long term growth levers in place
- As international marketing coordinator to the IPO, strategized and led the widest institutional investor outreach with solid research support and generated the optimal mix of marquee long-only and deal players
- #1 in number of anchor FII investors, #1 in amount procured and #1 in overall number of investors
- Guided investors to the highest valuation band, higher than other lead banks
- Highest oversubscription ever for an IPO*: QIB 177x, NII 621x, Retail 29x. Overall 198x
ISSUE DETAILS
| IPO Size | INR 540.54 Cr | |
| Kick Off | Aug 04, 2020 | |
| Filing of DRHP | Oct 20, 2020 | |
| Final Observation from SEBI | Nov 19, 2020 | |
| Filing of RHP | Dec 08, 2020 | |
| Issue Period | Dec 15, 2020 - Dec 17, 2020 |
RECORD BREAKING SUBSCRIPTION
| QIB | ~177x | |
| NII | ~621x | |
| Retail | ~29x | |
| Employee | ~46x | |
| Overall | ~198x |
-
- Anoop Bector (Promoter)
“Super impressed by SBICAPS, amazing work done by the team”
-
Rahul Goswamy (Gateway Partners)
“Super impressed by SBICAPS, amazing work done by the team”
-
Manu Sahni (MD, CX Partners)
“Our faith in selecting SBICAPS as left lead for this effort has been more than justified. Your advice to go with single counsel not only saved costs but also smoothened the whole process to file and get SEBI final observation.”
