MRS. BECTORS FOOD SPECIALITIES LIMITED

Our Company was incorporated as Quaker Cremica Foods Private Limited on September 15, 1995, as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated September 15, 1995 issued by the Registrar of Companies. N.C.T of Delhi am Haryana. The name of our Company was changed to Mrs. Bectors Food Specialities Private Limited as approved by our shareholders by way of a resolution dated December 10, 1999 and a fresh certificate of incorporation dated December 15, 1999 was issued by the Registrar of Companies N.C.T of Delhi and Haryana. The name of our Company was changed to Mrs. Bectors Food Specialities Limited pursuant to a resolution of the shareholders dated December 7, 2001 and a fresh certificate of incorporation dated December 10, 2001 was issued by the Registrar of Companies N.C.T of Delhi and Haryana. For details, see 'History and Certain Corporate Matters Amendments to our Memorandum of Association' on page 183 of the Prospectus dated December 19, 2020 (the 'Prospectus').

Our Company has filed the Prospectus with the RoC and the Equity Shares are proposed to be listed on the National Stock Exchange of India Limited ("NSE") and the BSE Limited ("BSE") and trading is expected to commence on December 24, 2020.

INITIAL PUBLIC OFFERING OF 18,769,701 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH (THE "EQUITY SHARES") OF MRS. BECTORS FOOD SPECIALITIES LIMITED ("OUR COMPANY" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 288 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 278 PER EQUITY SHARE) (THE "OFFER PRICE") AGGREGATING TO Rs. 5,405.40 MILLION (THE "OFFER") COMPRISING A FRESH ISSUE OF 1,408,592 EQUITY SHARES AGGREGATING TO Rs. 405.40 MILLION (THE "FRESH ISSUE") AND AN OFFER FOR SALE OF 17,361,109 EQUITY SHARES (THE "OFFERED SHARES") AGGREGATING TO Rs. 5,000.00 MILLION. COMPRISING AN OFFER FOR SALE OF TO 8,506,944 EQUITY SHARES AGGREGATING TO Rs. 2,450.00 MILLION BY LINUS PRIVATE LIMITED. TO 1,336,805 EQUITY SHARES AGGREGATING TO Rs. 385.00 MILLION BY MABEL PRIVATE LIMITED, TO 6,458,333 EQUITY SHARES AGGREGATING TO Rs. 1,860.00 MILLION BY GW CROWN PTE. LTD. AND TO 1,059,027 EQUITY SHARES AGGREGATING TO Rs. 305.00 MILLION BY GW CONFECTIONARY PTE. LTD. (MABEL PRIVATE LIMITED, GW CROWN PTE. LTD., AND GW CONFECTIONARY PTE. LTD.. TOGETHER REFFERED TO AS "GATEWAY SELLING SHAREHOLDERS", THE GATEWAY SELLING SHAREHOLDERS AND LINUS PRIVATE LIMITED, COLLECTIVELY REFERRED TO AS "SELLING SHAREHOLDERS" AND SUCH OFFER BY SELLING SHAREHOLDERS, THE "OFFER FOR SALE"). THIS OFFER INCLUDED A RESERVATION OF 18.315 EQUITY SHARES AGGREGATING TO Rs. 5.00 MILLION (CONSTITUTING UP TO 0.03% OF THE POST-OFFER PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY) FOR PURCHASE BY ELIGIBLE EMPLOYEES (THE "EMPLOYEE RESERVATION PORTION"). THE OFFER LESS THE EMPLOYEE RESERVATION PORTION IS HEREINAFTER REFERRED TO AS THE NET OFFER". THE OFFER AND THE NET OFFER CONSTITUTED 31.95% AND 31.92%, RESPECTIVELY, OF OUR POST-OFFER PAID- UP EQUITY SHARE CAPITAL OF OUR COMPANY. OUR COMPANY AND THE SELLING SHAREHOLDERS IN CONSULTATION WITH THE BOOK RUNNING LEAD MANAGERS, OFFERRED A DISCOUNT OF Rs. 15.00 PER EQUITY SHARE OF THE ISSUE PRICE TO ELIGIBLE EMPLOYEES BIDDING IN THE EMPLOYEE RESERVATION PORTION ("EMPLOYEE DISCOUNT").

The Offer was made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (the "SCRR"), read with Regulation 31 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations. 2018, as amended ('SEBI ICDR Regulations'). The Offer was made through the Book Building Process, in compliance with Regulation 6(1) of SEBI ICDR Regulations, wherein not more than 50% of the Offer was made available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs") (the 'QIB Category'). Our Company and the Selling Shareholders, in consultation with the BRLMs, allocated up to 60% of the QIB Category to Anchor Investors on a discretionary basis (the 'Anchor Investor Portion'), of which one-third was reserved for the domestic Mutual Funds, subject to valid Bids having been received from the domestic Mutual Funds at or above the price at which allocation was made to Anchor Investors ('Anchor Investor Allocation Price'). Further. 5% of the QIB Category (excluding the Anchor Investor Portion) was made available for allocation on a proportionate basis only to Mutual Funds, subject to valid Bids having been received at or above the Offer Price, and the remainder of the QIB Category was made available for allocation on a proportionate basis to all QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids having been received at or above the Offer Price. Further, not less than 15% of the Offer was made available for allocation on a proportionate basis to Non-Institutional Investors ("Non-Institutional Category") and not less than 35% of the Offer was made available for allocation to Retail Individual Investors ('Retail Category'), in accordance with the SEBI ICDR Regulations, subject to valid Bids having been received from them at or above the Offer Price Further, Equity Shares were allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids having been received from them at or above the Offer Price. All Bidders (except Anchor Investors) mandatory participated in this Offer only through the Application Supported by Blocked Amount ('ASBA') process, and provided details of their respective bank account (including UPI ID for Retail Individual Investors using UPI Mechanism) in which the Bid Amount was blocked by the Self Certified Syndicate Banks ("SCSBs") or the Sponsor Bank. Anchor Investors were not permitted to participate in the Anchor Investor Portion through the ASBA process. For details, see "Offer Procedure" on page 376 of the Prospectus.

The bidding for Anchor Investor opened and closed on December 14, 2020. The company received 31 applications from 15 anchor investors (including 7 mutual funds through 23 Mutual Fund Schemes) for 6,186,700 Equity Shares. The Anchor investor price was finalized at Rs. 288 per Equity / Share. A total of 5,625,415 shares were allocated under the Anchor Investor Portion aggregating to Rs.1,620,119,520.

The Offer (excluding Anchor Investor Portion) received 2,335,826 applications for 2,595.349,500 Equity Shares (prior to technical rejections) resulting in 197,4508 times subscription. The details of the applications received in the Offer from various categories are as under (before technical rejections):

Final Demand

A summary of the final demand as at different Bid prices is as under:

The Basis of Allotment was finalized m consultation with the Designated Stock Exchange, being the NSE on December 22, 2020.

A. Allotment to Retail Individual Bidders (After Technical Rejections)

The Basis of Allotment to the Retail Individual Bidders, who have bid at the Cut-Off Price or at the Offer Price of Rs. 288 per Equity Share, was finalized in consultation with the NSE. This category has been subscribed to the extent of 25.44 times. The total number of Equity Shares Allotted in Retail Portion is 6,562,986 Equity Shares to 131,259 successful Retail Individual Bidder The category-wise details of the Basis of Allotment are as under:

B. Allotment to Non-Institutional Bidders (After Technical Rejections)

The Basis of Allotment to the Non-Institutional Bidders, who have bid at the Offer Price of 7,286 per Equity Share was finalized in consultation with the NSE. The Non-Institutional Portion has been subscribed to the extent of 619.66 times. The total number of Equity Shares Allotted in this category is 2,812,708 Equity Shares to 1,905 successful Non-Institutional Bidder. The category-wise details of the Basis of Allotment are as under (Sample):

C. Allotment to Eligible Employees (After Technical Rejections)

The Basis of Allotment to the Eligible Employees, who have placed bid at the Cut-Off price or at the Offer Price of 7.273 (Employee Discount of Rs. 15/- per Equity Share was offered to the Eligible Employees applying under Employee Reservation Portion), was finalized in consultation with NSE. The Eligible Employees Portion has been subscribed to the extent of 1.89 times. The total number of Equity Shares Allotted in this category is 18,315 Equity Shares to 102 successful Bidders. The category-wise details of the Basis of Allotment are as under:

D. Allotment to QIBs (excluding Anchor Investors) (After Technical Rejections)

Allotment to QIBs, who have Bid at the Offer Price of Rs. 288 per Equity Share, has been done on a proportionate basis in consultation with the NSE. This category has been subscribed to the extent of 177.92 times of QIB Portion As per the SEBI ICDR Regulations, Mutual Funds were Allotted 5% of the Equity Shares of QIB Portion available i.e. 187,514 Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were Allotted the remaining available Equity Shares i.e. 3,562.763 Equity Shares on a proportionate basis. The total number of Equity Shares Allotted in the QIB Portion is 3,750,277 Equity Shares, which were allotted to 211 successful QIB Bidders. The category-wise details of the Basis of Allotment are as under:

E. Allotment to Anchor Investors

The Company and Selling Shareholders, in consultation with the BRLMs, have allocated 5.625,415 Equity Shares to 15 Anchor Investors (through 31 Applications) at the Anchor Investor Offer Price of Rs. 288 per Equity Share in accordance with the SEBIICDR Regulations This represents 60% of the QIB Portion,

The Board of Directors of our Company on December 22, 2020 has allotted Equity Shares to Allottees based on the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, being NSE. The Allotment Advice-cum-refund intimation are being dispatched to the address of the investors as registered with the depositories. Further, the instructions to the Self Certified Syndicate Banks for unbtocking of funds, transfer to Public Offer Account have been issued on December 22, 2020 and payment to non-Syndicate brokers have been issued on December 23, 2020. In case the same is not received within ten days, investors may contact the Registrar to the Offer at the address given below. The Equity Shares Allotted to the successful Allottees have been uploaded on December 23, 2020 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company has filed the listing application with BSE and NSE on December 23, 2020. The Company has received listing and trading approval from BSE and NSE and the trading will commence on December 24, 2020.

All capitalised terms used and not specifically defined herein shall have the same meaning as ascribed to them in the Prospectus.

These details of the Allotment made have been hosted on the website of Registrar to the Offer, Link Intime India Private Limited at www.linkintime.co.in

All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the first/ sole Bidder. Bid-cum-Application Form number. Bidder DP ID. Client ID, PAN, date of submission of Bid-cum-Application Form, address of the Bidder, number of Equity Shares applied for, the name and address of the Designated Intermediary where the Bid-cum-Application Form was submitted by the Bidder and a copy of the Acknowledgment Slip received from the Designated Intermediary at the address given below:

Link Intime India Private Limited

C-101, 1" Floor, 247 Park, L.B.S, Marg, Vikhroli (West), Mumbai 400 083, Maharashtra, India

Tel: (+91 022) 4918 6200, E-mail: bector.ipo@linkintime.co.in.

Investor Grievance E-mail: bector.ipo@linkintime.co.in Website: www.linkintime.co.in

Contact Person: Shanti Gopalkrishnan. SEBI Registration No.: INR000004058

Mrs. Bectors Food Specialities Limited has filed the Prospectus with the Registrar of Companies, Chandigarh on December 21, 2020. The Prospectus shall be available on the website of SEBI at www.sebi.gov.in, websites of the Stock Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, and is available on the websites of the BRLMs i.e., SBI Capital Markets Limited, ICICI Securities Limited and, IIFL Securities Limited at www.sbicaps.com, www.icicisecurities.com and www.iiflcap.com, respectively, Bidders should note that investment in equity shares involves a high degree of risk and for details relating to the same, please see the section titled "Risk Factors" on page 22 of the Prospectus.

The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws In the United States, and unless so registered, may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U S Securities Act and applicable U.S state securities laws. Accordingly, the Equity Shares are being offered and sold outside the United States in offshore transactions in reliance on Regulation S under the U.S. Securities Act and applicable laws of the jurisdictions where such offers and sales are made. There will be no public offering in the United States.