Prataap Snacks Limited IPO is all set to hit the stock markets this month. The Indore-based snacks maker Prataap Snacks Limited will open for subscription on September 22, 2017. The IPO will be open on the last day of SBI Life IPO. This month is very confusing for the investors to track the IPO. This is why we advise investors to check the IPO Calendar on our website to track everything about the latest IPOs. IPO Calendar can be checked from the menu link given above. The issue will close on 26 September 2017.
The company has already set the price band of the IPO. The IPO price band of Prataap Snacks is in range of Rs. 930 – Rs. 938 per equity share. The company intends to raise Rs. 482-crore. The IPO will be a fresh issue of Rs. 200 crore and the rest will be OFS or offer for sale.
As you know it is an offer of sale which means the current investors and promoters of the company is going to sell 3000000 shares of the company. Sequoia Capital is a venture capital firm and it holds 63.15% stake of Prataap Snacks. The company had started investing in Prataap Snacks in 2011. It has invested a total of Rs. 265 crore in the company since 2011. Another private equity firm Faering Capital also invested Rs. 45 crores in Prataap Snacks in the past.
Now, Sequoia Capital is going to sell around 1700000 shares through this IPO. If you look at the upper band of the IPO which is Rs. 938, Sequoia Capital will raise about Rs. 167 crores from the share sale.
Grey Market .co.in will provide you all the possible information about this IPO from the first day to the last day i.e. from the announcement of the IPO to the listing day. Investors need to follow this web page if they want to know more about the Prataap Snacks Limited IPO Subscription, Prataap Snacks Limited IPO Dates, Prataap Snacks Limited IPO Listing Dates etc. This page will be updated with all the latest information time to time for the investors who read our blog and those who have applied for this IPO. So, check the given space to know more about the Prataap Snacks Limited IPO.
- 1 Prataap Snacks IPO
- 2 Prataap Snacks IPO Date, GMP Price Allotment Status, Subscription, Listing
- 2.1 Prataap Snacks Price Band
- 2.2 Prataap Snacks IPO Date
- 2.3 Prataap Snacks IPO Allotment Status Karvy
- 2.4 Prataap Snacks Limited IPO Listing Date
Prataap Snacks IPO
About the company: Prataap Snacks Limited was founded in 2009. It is based in Indore, Madhya Pradesh. It is an Indian snack food company. Prataap Snacks is one of the top six snack food companies in terms of revenues in 2016 as per the FS Report. It sells it products under the brand name of Yellow Diamond and it is present in three major savoury snack food categories in India.
The company sells the various product under these categories:
The company sells its products in urban, semi-urban and rural regions through its strong distribution network. The company has pan India presence. It distributes its wide range of products through super stockists. Super stockists maintain distributors and dealers of the company. The company has super stockists in 26 States and one Union Territory in India. Currently, the company has a strong distribution network of 218 super stockists and over 3,500 distributors.
Company Promotors: Rajesh Mehta, Naveen Mehta, Arvind Mehta, Amit Kumat, Apoorva Kumat, Arun Mehta, Kanta Mehta, Rakhi Kumat, Sandhya Kumat Rita Mehta, Premlata Kumat, Swati Bapna and SCI Growth Investments II.
Objects of the Issue
Grey Market Price, Rates, GMP Premium
|19 September 2017||Rs. 305 to 315||Rs. 275||Rs. 3200|
|22 September 2017||Rs. 340 to 350||Rs. 325||Rs. 3000|
|25 September 2017||Rs. 225||Rs. 275||Rs. 2000|
|28 September 2017||Rs. 225||Rs. 325||Rs. 2500|
|29 September 2017||Rs. 230||Rs. 325||Rs. 2900|
|03 October 2017||Rs. 250||Rs. 325||Rs. 3000|
Prataap Snacks IPO Date, GMP Price Allotment Status, Subscription, Listing
|Name||Prataap Snacks Limited|
|Open Date||22 September 2017|
|Close Date||26 September 2017|
|Allotment Date||03 October 2017|
|Refund Date||03 October 2017|
|Listing Date||05 October 2017|
|Issue Price||Rs. 930 - Rs. 938 Per Equity Share|
|Lot Size||15 Shares|
|Minimum Order Quantity||15 Shares|
|Issue Type||Book Built Issue IPO|
|Issue Size||Initial Public offer for Fresh Issue of Rs. 5 aggregating up to Rs 200.00 Crore and an Offer for Sale of upto 3,005,770 Equity Shares of of Rs. 5|
|Lead Manager||Edelweiss Financial Services Limited, JM Financial Institutional Securities Limited and Spark Capital Advisors (India) Private Limited|
|Registrar||Karvy Computer Share Private Limited|
|Registrar Email||[email protected]|
|Investor Grievance||[email protected]|
|Registrar Phone||+91 40 6716 2222|
|Listing at||NSE / BSE|
IPO Poll Predictions: Our readers have predicted the listing price accurately. The share was listed at Rs. 1270 and around 10 15 AM the intraday high was at Rs. 1318.80 on NSE. Well done readers.
Prataap Snacks Price Band
The price band of Prataap Snacks’s upcoming initial public offer is set in the range of Rs. 930 to Rs. 938 per share. Earlier, Public markets investor Malabar Investments bought 2.5% stake in Prataap Snacks for Rs. 50 crore. Bids can be made for a minimum of 15 equity shares.
Daily Subscription Figures
|DATE||SHARES OFFERED||22 September 2017||25 September 2017||26 September 2017|
Prataap Snacks IPO Date
Indore-based Prataap Snacks, which sells potato chips and various spicy savories under the brand name Yellow Diamond is going to open for the subscription on the stock markets between 22 September 2017 and 26 September 2017.
Prataap Snacks Financials
|DATE||TOTAL ASSETS||TOTAL REVENUE||PROFIT AFTER TAX|
|31 March 2017||Rs. 4,271.75||Rs. 9,054.57||Rs. 98.93|
|31 March 2016||Rs. 3,414.01||Rs. 7,579.01||Rs. 273.73|
|31 March 2015||Rs. 2,991.31||Rs. 5,605.71||Rs. 99.02|
|31 March 2014||Rs. 2,798.79||Rs. 4,468.45||Rs. 53.79|
|31 March 2013||Rs. 2,220.65||Rs. 3,444.84||Rs. 148.72|
|**(All Figures in Rs. million)|
Prataap Snacks has appointed Edelweiss Financial Services Ltd, JM Financial Institutional Securities Ltd and Spark Capital Advisors (India) Pvt. Ltd to manage its public offering.
Karvy Computer Share Private Limited is the registrar to the Prataap Snacks IPO. The investors must see Karvy website for more.
Prataap Snacks IPO Allotment Status Karvy
Update: Karvy has given the allotment of the shares on 02 October 2017. Investors can now check the allotment online. Shares will be credited to the demat from 03 October 2017.
Karvy is going to announce the allotment of the shares of Prataap Snacks on or around 03 October 2017. Those who have applied for this IPO and looking for the allotment should check the allotment around this date. The direct link for the allotment of Prataap Snacks IPO will be updated here for the investors.
Prataap Snacks Limited IPO Listing Date
Listing Date Update: The listing of the shares of the Prataap Snack Limited will be completed on 05 October 2017. The listing of the shares of Prataap Snacks on the stock markets will be done on 06 October 2017. This is the expected date of listing and the final date will be updated here in due course.
Listing Day Figures (05th October 2017)
|NSE (DIAMONDYD)||BSE (540724)|
|IPO Price||Rs. 938||Rs. 938|
|Open||Rs. 1270||Rs. 1250|
|High||Rs. 1318.80||Rs. 1317.05|
|Low||Rs. 1133||Rs. 1137|
|Close||Rs. 1180.65||Rs. 1178.30|
|Difference||UP Rs. 242.65 (+25.87%)||UP Rs. 240.30 (+25.62%)|