as per FY 2019-20, Bector's EPS is ₹ 5.31. If we take CMP as 595, PE comes to around 112. Does not it looks expensive compared to Britannia (PE 50), Nestle (PE86)?
@Ganesh I know EPS are ₹ 6.26(FY 2017-18), ₹ 5.78(FY 2018-19), ₹ 5.30 (FY 2019-20), ₹ 6.78 (H1 2020-21).
Revenue from operations were ₹ 765 Cr (FY 2019-20) and ₹ 439 Cr (H1 2020-21). That means revenue did not increase significantly but EPS increased more than double!!
Now, I am surprised how the company managed to make EPS more than double compared to it's previous period when the entire country was in locked down at least for 2 months Apr & May .
The most appropriate peer is Britannia because 60% of Mrs Bector's Food revenue is coming from biscuit segment. Even in DRHP and RHP, the mentioned peers were Nestle, Britannia, Prataap Snacks, Parle , Anmol etc. It's QSR restaurants McDonald & others were also closed for 2-3 months in locked down. So, making this double EPS is not justified and we should discount it a little bit. Also comparing it with Jubilliant Foods will be unjustified.
I sold all 50 shares of Bectors food at an average of 560 and bought 4 shares of Britannia. It may happen that this company will grow in future, but I am happy with Britannia Growth.
PS: I had bad experience with Pratap Snacks when I did not sell it on listing day and later I had to sell at an stop loss of 10%.
705.1. Display| Link| Bookmark|
December 24, 2020 6:36:16 PM
Top Contributor (400+ Posts, 200+ Likes)
If you are using Mother PAN and Demat account and applying through SBI ASBS, then no chances of rejection. And if it is through UPI, then it will be rejected.
703. CHD| Link| Bookmark|
December 24, 2020 10:20:44 AM
(1100+ Posts, 500+ Likes)
Fastest listing so far ....a week after closing f the IPO ...WOW ....& what a listing ....!
@Cautious ipo - I am also facing this issue. Seems like Linkintime is putting some additional filters which is illegal.
703.8. BubbleBoy| Link| Bookmark|
December 25, 2020 1:57:45 AM
Top Contributor (400+ Posts, 100+ Likes)
@Master @Cautious
I also feel Linkintime is definitely Putting some extra filters. Like for instance, if a bank account is being used to apply 5 apps, those apps may be getting filtered. Don't know exactly as there is not much transparency. I know it sounds a little odd but it may well be the case, who knows. I am saying so coz i have been applying 25 apps from 5 different bank accounts in every ipo consistently for more than a year and i have only got 1 lot out of those 25 apps in every ipo. I mean at least there could be some chance that i get 4/5/6 in atleast one ipo, but never got multiple (except route, 3).
Moreover, i have myself seen over the past 12-14 months that newly opened demat accounts have HIGHER chance of allotment prima facie as i got allotments in newly demat accounts in every ipo.
@Bubbleboy .you seems correct that first time demat holder preferred for allotments as i only get allotment in a just opened newly demat of a relative while all old demats as always denied seems by linkintime
I got the allotment of share but the shares are not credited in my Demat account.
698. NRI Investor| Link| Bookmark|
December 24, 2020 6:08:02 PM
Top Contributor (300+ Posts, 300+ Likes)
Buy and Hold this Gem till March for Target of 850++
Experts remain positive on Mrs Bectors Food with a long-term perspective and say it can be the new Britannia over coming years.
"We advise investors to hold the stock in long term portfolio for two-three years investment horizon as we believe and foresee Mrs Bectors Food as the next Britannia in making," Prashanth Tapse, AVP Research at Mehta Equities said.
698.1. Display| Link| Bookmark|
December 24, 2020 6:34:03 PM
Top Contributor (400+ Posts, 200+ Likes)
No fresh buying recommended...Do not trap retail investors. Look at the company financials and performance and see if it deserves to be bought at this price. This script is more than fully priced at this rate.
697. P Patel| Link| Bookmark|
December 23, 2020 6:04:24 PM
IPO Mentor (900+ Posts, 900+ Likes)
Burger ke baad Cookies bhi utna hi tasty niklega ?
Cookies + Cookies ?
697.1. P Patel| Link| Bookmark|
December 24, 2020 5:50:22 PM
IPO Mentor (900+ Posts, 900+ Likes)
Yes, Burger ke baad Cookies bhi utna hi tasty nikla... ????