Crazy Snacks IPO Launches Today: Key Details and GMP You Need to Know!

The IPO of Crazy Snacks is scheduled to open for subscription on Thursday, aiming to raise Rs 31.47 crore through a combination of a fresh issue and an offer for sale. The IPO consists of a fresh issue of 60 lakh shares valued at Rs 25.20 crore and an offer for sale of 14.95 lakh shares amounting to Rs 6.28 crore. The pricing band for the shares is set between Rs 39-42 per share, with the subscription closing on June 30. The shares are anticipated to be listed on the BSE SME platform on July 3, presenting an entry point for investors looking to engage with this growing bakery and snacks company.

Current grey market sentiment for Crazy Snacks suggests a muted outlook, as shares are reported to command no premium ahead of the IPO opening. This indicates a cautious approach from investors, reflecting a potential lack of confidence in the immediate post-listing performance of the stock. Retail investors are allowed to bid for a minimum of 6,000 shares, which requires an investment of Rs 2.52 lakh at the upper end of the price band. The subdued grey market sentiment may warrant careful consideration from investors contemplating their participation in this IPO.

Crazy Snacks, founded in 1995, has established a notable presence in North India, particularly in Uttar Pradesh and Bihar, contributing over 99% of its revenue in FY25. The IPO proceeds are expected to fund capital expenditure, repay borrowings, and meet general corporate needs, which could enhance operational capabilities. Financially, the company reported a total income of Rs 111.63 crore with a net profit of Rs 6.33 crore for FY25. While the infrastructure and operational upgrades may position Crazy Snacks for long-term growth, investors should weigh the muted grey market sentiment against the company’s past performance and growth potential before making investment decisions.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)