Prataap Snacks Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,547,982 (50%) | — | ₹23,900 Cr |
| NII (HNI) | — | 764,395 (15%) | — | ₹7,170 Cr |
| Retail | — | 1,783,589 (35%) | — | ₹16,730 Cr |
| Employee | — | 42,000 (1%) | — | ₹39 Cr |
| Σ Total | — | 5,137,966 (100%) | — | ₹481,941 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹14,070 |
| Retail (Max) | 13 | 195 | ₹182,910 |
| S-HNI (Min) | 14 | 210 | ₹196,980 |
| B-HNI (Min) | 67 | 1,005 | ₹942,690 |
Financial Statements Amount In Crore
| Metric | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Revenue | 905 | 758 | 561 |
| Profit After Tax | 10 | 27 | 10 |
| Total Assets | 427 | 341 | 299 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Repayment/pre-payment, in full or part, of certain borrowings availed by the Company – 129.82
- 2 Funding capital expenditure requirements in relation to expansion (including through setting up of a new production line and construction of a building) and modernisation at certain of the existing manufacturing facilities – 669.98
- 3 Investment in the Subsidiary, Pure N Sure, for repayment/pre-payment of certain borrowings availed by the Subsidiary – 293.70
- 4 Marketing and brand building activities – 400.00
- 5 General corporate purposes – 368.17
Company Overview
Incorporated in 2009, Prataap Snacks is Indore, MP based Indian Snack Food Company. Prataap Snacks sell products under the brand name "Yellow Diamond". Company is among the top 6 Indian organized snack market.
Prataap Snacks has a diversified product portfolio including traditional and western snacks. Company manufacture and sell it's snacks under three major savory snack food categories:
1. Extruded Snacks: Processed, reconstituted and shaped potato or cereal based snacks. This includes Puffs, Rings, Pellets and Chulbule products.
2. Chips: Fried, sliced chips or crisps made from potatoes, hummus, lentils.
3. Namkeen: Traditional savoury Indian snack which includes products such as moong dal, masala or fried nuts, sev and bhujia.
In Fiscal 2017, revenue from Extruded Snacks, Chips and Namkeen represented 62.99%, 23.85%, and 12.23%, respectively
Company has pan-India distribution network supported by strategically located manufacturing facilities. Company's distribution network included 205 super stockists and over 3,400 distributors.
Prataap Snacks own and operate three manufacturing facilities, one located at Indore and the other two located at Guwahati, Assam.