Mrs Bectors Food Specialities reports 2nd highest IPO subscription in last 5 years

In 2020, five companies received a strong response to their IPOs, reporting more than 149 times subscription.
Biscuits and bakery products maker Mrs Bectors Food Specialities witnessed the highest subscription among IPOs in 2020 and the second-highest in the last demi-decade.

The Rs 540.54-crore IPO received subscription of 198.02 times during December 15-17, 2020 backed by a strong response from all investors including its employees, though they had a significantly smaller portion compared to others.

We have taken the minimum IPO size of Rs 100 crore for this story and considered the last five years data.

Going by the IPO size of more than Rs 100 crore, Apollo Micro Systems' IPO topped the list with 248.51 times subscription. The electronics components manufacturer raised Rs 156 crore via public issue in 2018.

Others in the top were Capacite Infraprojects IPO with 183.03 times subscription, Central Depository Services (170.16 times), Ujjivan Small Finance Bank (165.6 times) and Amber Enterprises India (165.4 times).

In 2020 alone, five companies received a strong response to their IPOs, reporting more than 149 times subscription.