Prataap Snacks IPO
Prataap Snacks IPO — date, price band, lot size & details 2017
Prataap Snacks listed on 5 Oct 2017 at ₹1,270, 35.4% above the ₹938 issue price.
Prataap Snacks is an Indore based snack food maker selling traditional and western snacks under the Yellow Diamond brand. Its total income was Rs 906.00 crore in FY2017.
Stock price
Prataap Snacks is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 22 Sep 2017
- Close 26 Sep 2017
- Allotment 29 Sep 2017
- Refund/credit 03 Oct 2017
- Listing 05 Oct 2017
Issue summary
The terms of the offer, as filed.
| IPO Dates | 22 to 26 Sep, 2017 |
|---|---|
| Price Band | ₹930 – ₹938 |
| Face Value | ₹5 |
| Lot Size | 15 Shares |
| Issue Size | ₹481.6 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Employee Discount | Rs 90.00 per share |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,070 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 15 shares at the ₹938 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 15 | ₹14,070 |
| Retail (max) | 14 | 210 | ₹1,96,980 |
| S-HNI (min) | 15 | 225 | ₹2,11,050 |
| S-HNI (max) | 71 | 1,065 | ₹9,98,970 |
| B-HNI (min) | 72 | 1,080 | ₹10,13,040 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 560.58 crore in FY2015 to Rs 906.00 crore in FY2017.
- 02It is among the top 6 players in the Indian organised snack market.
- 03Total borrowing fell from Rs 47.46 crore in FY2016 to Rs 39.65 crore in FY2017.
- 04Rs 67.00 crore of the issue was for expansion and modernisation.
Risks · 5
- 01Profit after tax fell from Rs 30.39 crore in FY2016 to Rs 10.45 crore in FY2017.
- 02EBITDA fell from Rs 57.23 crore in FY2016 to Rs 42.41 crore in FY2017.
- 03Snacks are a crowded market with large national brands; profit was Rs 10.45 crore on income of Rs 906.00 crore.
- 04Rs 281.74 crore of the Rs 481.6 crore issue went to selling shareholders.
- 05Promoter holding fell from 92.67% before the issue to 71.44% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Prataap Snacks offer document.
| Metric | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|
| Assets | 400.09 | 344.21 | 299.04 |
| Total Income | 906.00 | 757.94 | 560.58 |
| Profit After Tax | 10.45 | 30.39 | 9.92 |
| EBITDA | 42.41 | 57.23 | 35.63 |
| NET Worth | 241.82 | 220.15 | 189.52 |
| Reserves and Surplus | 238.76 | 218.69 | 188.05 |
| Total Borrowing | 39.65 | 47.46 | 32.09 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹186.17 Cr of the issue is earmarked to named objects.
Prataap Snacks IPO Anchor Investors
25 anchor investors across 15 fund houses committed ₹143.40 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It sells its products under the Yellow Diamond brand and is among the top 6 players in the Indian organised snack market.
Its portfolio covers traditional and western snacks across extruded snacks, chips and namkeen.
The IPO was Rs 481.6 crore, with Rs 199.86 crore of fresh issue and Rs 281.74 crore of offer for sale, at Rs 938, the top of the Rs 930 to Rs 938 band. The fresh money was for expansion, modernisation and repaying loans.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Prataap Snacks IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
172 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
Edelweiss Financial Services Ltd
73 issues handledBest listing: Route Mobile (+104.9%). Weakest: ICICI Securities (-16.3%).
Spark Capital Advisors (India) Pvt. Ltd
2 issues handled2 of their issues have listed so far, and 1 opened above the issue price (average +13%). That is too small a sample to read as a hit rate.
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Prataap Snacks?
The current Grey Market Premium is ₹225, or 24% over the issue price.
What is the Prataap Snacks IPO price band?
₹930 to ₹938, on a face value of ₹5.
When is the allotment?
The basis of allotment is 29 September 2017, with listing on 5 October 2017.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
