Mrs Bectors’ revenue increased 37 percent in H1 FY23, faster than the 16 percent rise at Britannia
Mrs Bectors Food is expected to grow in mid double-digits in the medium term, which would be higher than industry growth
Many companies across sectors are being overvalued, valued on shaky metrics, and venture capitalists are more bullish than ever. But, is there a reason to it - method behind the madness, or does India have a startup valuation bubble?
Rajni Bector started the business in a backyard with an investment of just Rs 20,000. Today it is a household name in North India and has grown into a Rs 1,000 crore business exporting its products to 60 countries and employing over 4,000 people
Bectors' IPO comes at a discount to the valuation of Britannia and other players on a trailing earnings basis
The two firms had filed their draft papers with the regulator in August seeking its go ahead to float initial public offers.