Prataap Snacks Limited IPO, Prataap Snacks IPO Details

By | October 5, 2017
Prataap Snacks Limited IPO, Prataap Snacks IPO Details, Prataap Snacks IPO Price, Prataap Snacks IPO Date, Ratings, Review, Financials, Prataap Snacks IPO, Prataap Snacks IPO Grey Market Price GMP Premium, Subscription and Listing Date Information.

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.

Prataap Snacks IPO

Prataap Snacks Limited IPO, Prataap Snacks IPO Details

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:

ProductsRevenue
Extruded Snacks62.99%
Chips23.85%
Namkeen12.23%

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

Offer for Sale

Fresh Issue

  1. Repayment/pre-payment of the money borrowed by the company.
  2. Funding capital expenditure requirements for expansion – To set up the new production line and construction of a building and modernisation of existing manufacturing facilities.
  3. Investment in its Subsidiary, Pure N Sure, for the repayment/pre-payment of the money borrowed by the Subsidiary.
  4. Brand building activities such as Marketing etc.
  5. General corporate purposes.

Grey Market Price, Rates, GMP Premium

DATEPREMIUMKOSTAK RATESAUDA
19 September 2017Rs. 305 to 315Rs. 275Rs. 3200
22 September 2017Rs. 340 to 350Rs. 325Rs. 3000
25 September 2017Rs. 225Rs. 275Rs. 2000
28 September 2017Rs. 225Rs. 325Rs. 2500
29 September 2017Rs. 230Rs. 325Rs. 2900
03 October 2017Rs. 250Rs. 325Rs. 3000

Prataap Snacks IPO Date, GMP Price Allotment Status, Subscription, Listing

NamePrataap Snacks Limited
Open Date22 September 2017
Close Date26 September 2017
Allotment Date03 October 2017
Refund Date03 October 2017
Listing Date05 October 2017
Issue PriceRs. 930 - Rs. 938 Per Equity Share
Lot Size15 Shares
Minimum Order Quantity15 Shares
Issue TypeBook Built Issue IPO
Issue SizeInitial 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 ManagerEdelweiss Financial Services Limited, JM Financial Institutional Securities Limited and Spark Capital Advisors (India) Private Limited
RegistrarKarvy Computer Share Private Limited
Registrar Email[email protected]
Investor Grievance[email protected]
Registrar Websitewww.karvycomputershare.com
Registrar Phone+91 40 6716 2222
Listing atNSE / BSE
IPO Poll

Prataap Snacks Listing Price Expectation?

  • Rs. 1300 or above (35%, 365 Votes)
  • Rs. 1200 to Rs. 1250 (32%, 336 Votes)
  • Rs. 1150 to Rs. 1170 (26%, 272 Votes)
  • Rs. 938 to Rs. 950 (7%, 75 Votes)

Total Voters: 1,048

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Would you apply to Prataap Snacks Limited IPO?

  • Yes (76%, 574 Votes)
  • No (24%, 178 Votes)

Total Voters: 752

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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.

 Employee Price Discount

The employee of the company is going to get Rs. 90 discount. The price band for the employees will be Rs. 840 to Rs. 848.

Daily Subscription Figures

DATESHARES OFFERED22 September 201725 September 201726 September 2017
RII17900080.282.108.48
NII7671470.020.10101.15
QIB10283630.993.9176.89
Employees420000.120.551.50
Total36275180.432.1747.39

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

DATETOTAL ASSETSTOTAL REVENUEPROFIT AFTER TAX
31 March 2017Rs. 4,271.75Rs. 9,054.57Rs. 98.93
31 March 2016Rs. 3,414.01Rs. 7,579.01Rs. 273.73
31 March 2015Rs. 2,991.31Rs. 5,605.71Rs. 99.02
31 March 2014Rs. 2,798.79Rs. 4,468.45Rs. 53.79
31 March 2013Rs. 2,220.65Rs. 3,444.84Rs. 148.72
**(All Figures in Rs. million)
In the FY 2016-17, It has reported a revenue of Rs. 903.91 crore, up 19.4% from a year ago. It reported a profit of Rs. 9.8 crore in FY 2016-17, as against a profit of Rs. 27.3 crore in the previous year.

Lead Managers

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.

Registrar

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 PriceRs. 938Rs. 938
OpenRs. 1270Rs. 1250
HighRs. 1318.80Rs. 1317.05
LowRs. 1133Rs. 1137
CloseRs. 1180.65Rs. 1178.30
DifferenceUP Rs. 242.65 (+25.87%)UP Rs. 240.30 (+25.62%)

Prataap Snacks Limited Address

Adress
Registered Office and Corporate Office: Khasra No 378/2,
Nemawar Road, Near Makrand House,
Indore 452 020

Telephone: (+91 731) 243 7621
Fax: (+91 731) 243 7605
E-mail: complianceoffi [email protected]
Website: www.yellowdiamond.in

IPO Prospectus

Download DRHP with SEBI.

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