"Cremica" , Mrs Bector Foods Specialties Ltd which has recently launched IPO for public to get funds was recently listed at Stock exchanges . Got bumper response from investor and has opened with premium of Rs 624 .00- It was offered at price band of Rs 286.00- Rs 288.00 . It IPO has 198 times subscriotion from market which is highest this season . The response shows the confidence of public in food industry sector and the promoter Mrs Bector Foods Specialities Ltd and its management .
Request of IPO was pending with SEBI for long and was delayed due to COVID and market crash since march2020.Major QSR major BURGER KING has also got listed alongwith Mrs Bector Foods Specialities Ltd .
Cremica brand has now wide range of products such as biscuits . bread sauces ice cream and Buns .It caters to all kind of biscuit categories such as Cream , Bourbon , Crackers , Cookies , Marie and Choco varities .
Bread s are sold by the brand " English Oven "with all kind of varities such Atta , Brown and multi grain bread
Biscuits and Bread operation are largest in this group with unit located at Phillaur - Punjab , Tahliwal - Himachal Pradesh , Noida- UP , Mumbai- Maharashtra and Banguluru .- Karnataka
Recent addition being Rajpura factory in Punjab with state of the art machineries and it produces cookies and biscuits .
Cremica almost dominate northern region market such as Punjab , Himachal , Jammu and Kashmir alongwith significant presence in Delhi , UP and Haryana
Major characteristic of Cremica is that it is making product for major players in food industry such as ITC , Kraft Foods and McDonalds .Thus getting expertise working with these giants . Cremica has now started getting professional to strengthen its team through hiring professional from various fields and hiring new recruits from best institutes across India .
Cremica has also got foot hold in oversea markets with exports to various countries . It export s to almost 60 countries with majority going out for African countries.
It also have bulk orders from CSD s and Railways . Covid-19 has impacted
Cremica is thus becoming leading bakery product manufacturers with other players like Bonn , Biskfarm , Anmol , Duke and Priya Gold .
The other major bakery manufacturers listed at stock exchange is Britannia Industries Ltd .
The last price for Cremica share is Rs 502.70. Investor can think of long term investment as growing brand of food industry
