About Crazy Snacks
Crazy Snacks Limited IPO
The Crazy Snacks Limited IPO is an SME (Small and Medium Enterprise) IPO currently open for subscription. It is listed on the BSE SME platform.
IPO Timeline & Key Dates
- IPO Open Date: June 25, 2026
- IPO Close Date: June 30, 2026
- Allotment Date: July 1, 2026
- Refund Initiation: July 2, 2026
- Listing Date: July 3, 2026
Issue Details
- Price Band: ₹39 – ₹42 per share
- Lot Size: 3,000 shares
- Issue Size: Approximately ₹31.47 crore (consisting of a fresh issue of ₹25.20 crore and an Offer for Sale of ₹6.28 crore).
- Minimum Investment: Retail investors must apply for a minimum of 2 lots (6,000 shares), which amounts to ₹2,52,000 at the upper price band.
Company Overview
Crazy Snacks Limited is a food manufacturing company based in Gorakhpur, Uttar Pradesh. Incorporated in 1995, it produces a wide range of bakery products (bread, buns, rusks, cakes, cookies) and snacks (namkeen, chips, popcorn). The company operates primarily in North India, with a strong market presence in Uttar Pradesh and Bihar.
Purpose of the IPO
The funds raised from the fresh issue will be utilized for:
- Capital Expenditure: Purchasing new machinery, equipment, and enhancing infrastructure at their existing manufacturing facilities.
- Debt Repayment: Partial or full repayment/prepayment of certain outstanding borrowings.
- General Corporate Purposes.
Important Considerations
- Risks: The company has a high concentration of revenue from specific regions (Uttar Pradesh and Bihar) and is heavily dependent on a few core products like rusk, bread, and buns. It also carries a significant debt-to-equity ratio.
- Subscription: You can check the live subscription status through your stockbroker’s platform or the BSE website.
- Grey Market Premium (GMP): Market reports indicate that the GMP for this IPO has been negligible or inactive, suggesting a lack of strong anticipation for a listing premium.
(Note: Please consult your financial advisor before investing in this IPO.)