Biscuit maker Mrs Bectors ends Indian IPO at 199 times subscription — a 2020 high

Biscuit maker Mrs Bectors ends Indian IPO at 199 times subscription — a 2020 high

Photo: Rod Long / Unsplash

Mrs Bectors Food Specialities Ltd, a premium biscuit and bakery firm in north India, became the most successful initial public offering (IPO) of 2020 attracting bids for nearly 199.41 times the number of shares on offer, stock exchange data showed.