Prataap Snacks is a Rs 481.56 crore book-built issue. The offering consists of a fresh issue of Rs 200.00 crore and an offer to sell 0.3 crore shares. Bidding for Prataap Snacks began on September 22, 2017 and finished on September 26, 2017. Prataap Snacks’ allocation was finalized on Friday, September 29, 2017. On October 5, 2017, the shares were listed on the BSE and NSE. The price range for Prataap Snacks is established at 930 to 938 per share. An application requires a minimum lot size of 15 shares. Retail investors must make a minimum investment of $14,070.
Prataap Snacks is an Indore, MP-based Indian Snack Food Company that was founded in 2009. Prataap Snacks sells items under the “Yellow Diamond” brand. The company is ranked sixth in the Indian organised snack sector. Prataap Snacks own and operate three manufacturing facilities, one located at Indore and the other two located at Guwahati, Assam. The company has a pan-India distribution network that is backed up by strategically placed manufacturing facilities. The distribution network of the company includes 205 super stockists and nearly 3,400
wholesalers. Prataap Snacks owns and operates three manufacturing plants, one in Indore and two in Guwahati, Assam. 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:
- Extruded Snacks: Processed, reconstituted and shaped potato or cereal based snacks. This includes Puffs, Rings, Pellets and Chulbule products.
- Chips: Fried, sliced chips or crisps made from potatoes, hummus, lentils.
- 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
Prataap Snacks Details
| IPO Date | September 22, 2017 to September 26, 2017 |
| Listing Date | October 5, 2017 |
| Face Value | ₹5 per share |
| Price Band | ₹930 to ₹938 per share |
| Lot Size | 15 Shares |
| Total Issue Size | 5,137,966 shares (aggregating up to ₹481.56 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹200.00 Cr) |
| Offer for Sale | 3,005,770 shares of ₹5 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Prataap Snacks Timeline
| IPO Open Date | Friday, September 22, 2017 |
| IPO Close Date | Tuesday, September 26, 2017 |
| Basis of Allotment | Friday, September 29, 2017 |
| Initiation of Refunds | Tuesday, October 3, 2017 |
| Credit of Shares to Demat | Wednesday, October 4, 2017 |
| Listing Date | Thursday, October 5, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 26, 2017 |
Prataap Snacks Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 1,028,363 (28.35%) | NA |
| NII (HNI) Shares Offered | 767,147 (21.15%) | |
| Retail Shares Offered | 1,790,008 (49.35%) | 119,333 |
| Employee Shares Offered | 42,000 (1.16%) | NA |
| Total Shares Offered | 3,627,518 (100%) |
Prataap Snacks Lot Size
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 1,028,363 (28.35%) | NA |
| NII (HNI) Shares Offered | 767,147 (21.15%) | |
| Retail Shares Offered | 1,790,008 (49.35%) | 119,333 |
| Employee Shares Offered | 42,000 (1.16%) | NA |
| Total Shares Offered | 3,627,518 (100%) |
Objects of the Issue (Prataap Snacks Objectives)
The Issue comprises the Fresh Issue and the Offer for Sale.
1. Offer for Sale
- Each of the Selling Shareholders will be entitled to their respective portion of the proceeds from the Offer for Sale. Company will not receive any proceeds from the Offer for Sale.
2. Fresh Issue
- Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment/pre-payment, in full or part, of certain borrowings availed by the Company;
- Funding capital expenditure requirements in relation to expansion and modernisation at certain of our existing manufacturing facilities;
- Investment in its Subsidiary, Pure N Sure, towards enabling the repayment/pre-payment of certain borrowings availed of by our Subsidiary;
- Marketing and brand-building activities; and
- General corporate purposes.
Prataap Snacks Listing Details
| Listing Date | October 5, 2017 |
| BSE Script Code | 540724 |
| NSE Symbol | DIAMONDYD |
| ISIN | INE393P01035 |
| Final Issue Price | ₹938 per share |
Prataap Snacks Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹938.00 | ₹938.00 |
| Open | ₹1,250.00 | ₹1,270.00 |
| Low | ₹1,137.00 | ₹1,133.70 |
| High | ₹1,317.05 | ₹1,318.80 |
| Last Trade | ₹1,178.30 | ₹1,180.65 |
Prataap Snacks Limited Contact Details
Prataap Snacks Limited
Khasra No 378/2, Nemawar Road,
Near Makrand House,
Indore 452 020
Phone: (91 731) 243 7621
Email: [email protected]
Website: http://www.yellowdiamond.in
Prataap Snacks Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com
Prataap Snacks FAQs
Q1. What is Prataap Snacks?
Ans. Prataap Snacks is a main-board IPO of 5,137,966 equity shares of the face value of ₹5 aggregating up to ₹481.56 Crores. The issue is priced at ₹930 to ₹938 per share. The minimum order quantity is 15 Shares. The IPO opens on September 22, 2017, and closes on September 26, 2017.
Q2. When Prataap Snacks will open?
Ans. The Prataap Snacks opens on September 22, 2017 and closes on September 26, 2017.
Q3. What is the lot size of Prataap Snacks?
Ans. Prataap Snacks lot size is 15 Shares, and the minimum amount required is ₹14,070.
Q4. When is Prataap Snacks listing date?
Ans. The Prataap Snacks listing date is on October 5, 2017.
