Prataap Snacks is going to come out with its initial public offering (IPO) in the month of September.
I am sure in the current BULL RUN, small and medium investors are running after all IPO’s to get good listing gains !!!
After good response to recent issues like D-Mart, HUDCO, CDSL, AU Small Finance Bank, Salasar Techno Engineering, Cochin Shipyard Limited, etc, investors would be eagerly waiting for Prataap Snacks IPO….
I am sure you might be searching for all details about Prataap Snacks IPO.
Prataap Snacks Company Profile :
Incorporated in 2009, Prataap Snacks is Indore, Mandya Pradesh (M.P) 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.
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.
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.
Prataap Snacks Promoters:
The Promoters of the Company are Arvind Mehta, Amit Kumat, Apoorva Kumat, Rajesh Mehta, Naveen Mehta, Arun Mehta, Kanta Mehta, Rita Mehta, Premlata Kumat, Swati Bapna, Rakhi Kumat, Sandhya Kumat and SCI Growth Investments II.
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Prataap Snacks IPO Detail :
Issue Open: Sep 22, 2017 – Sep 26, 2017
Issue Type: Book Built Issue IPO
Issue Size: Fresh Issue of [.] Equity Shares of Rs 5 aggregating up to Rs 200.00 Cr, Offer for Sale of 3,005,770 Equity Shares of Rs 5 aggregating up to Rs [.] Cr
Face Value: Rs 5 Per Equity Share
Issue Price: Rs – Rs Per Equity Share
Minimum Order Quantity:
Listing At: BSE, NSE
Important Dates of Prataap Snacks IPO :
Bid/Offer Opens On: September 22, 2017
Bid/Offer Closes On: September 26, 2017
Finalisation of Basis of Allotment: Yet to be Announced
Initiation of refunds: Yet to be Announced
Credit of Equity Shares to demat accounts: Yet to be Announced
Commencement of trading of the Equity Shares on the Stock Exchanges: Yet to be Announced
IPO Issue Allocation :
- Qualified institutional buyers (QIBs) – 50% of the offer.
- Non-institutional bidders – 15% of the offer.
- Retail individual bidders – 35% of the offer.
Download Red Herring Prospectus of Prataap Snacks IPO :
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Grey Market Premium (GMP) of Prataap Snacks :
According to market reports the current Grey Market Premium for Public Issue of Prataap Snacks is around 300 – 350 Rs.
Company Contact Information :
Prataap Snacks Limited
Khasra No 378/2, Nemawar Road,
Near Makrand House,
Indore 452 020
Phone: (91 731) 243 7621
Fax: (91 731) 243 7605
Prataap Snacks IPO Registrar :
Karvy Computershare Private Limited
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad – 500 034
Andhra Pradesh, India
Prataap Snacks IPO Lead Manager(s) :
- Edelweiss Capital Limited
- JM Financial Consultants Private Limited
- Spark Capital Advisors (India) Private Limited
Prataap Snacks IPO Allotment Status :
You can check the allotment status i.e., whether you have got the shares of Prataap Snacks or not by vising the website of Registrar of the Issue which in this case is Karvy Computershare.
Check Prataap Snacks IPO Allotment Status @ Check Prataap Snacks IPO Allotment Online