About Crazy Snacks IPO
Crazy Snacks IPO Details
Crazy Snacks IPO is an SME issue aggregating to ₹31.47 crore. The IPO is a combination of a fresh issue and an Offer for Sale (OFS), comprising a fresh issue of up to 56,00,000 equity shares and an OFS of up to 13,98,000 equity shares. The company filed its Draft Red Herring Prospectus (DRHP) on December 30, 2024.
The price band of the issue is ₹39 to ₹42 per equity share and the lot size is 3,000 equity shares. The minimum investment amount for a retail investor is ₹2,52,000 at the upper price band. The issue opens for subscription on June 25, 2026 and closes on June 30, 2026. The shares are proposed to be listed on the BSE SME platform with a tentative listing date of July 3, 2026. The Book Running Lead Manager to the issue is Inventure Merchant Banker Services Pvt. Ltd., while KFin Technologies Ltd. is the registrar to the issue.
Crazy Snacks IPO Date & Timeline
The Crazy Snacks IPO is officially set to open for subscription on June 25, 2026 and will close on June 30, 2026. The company had filed its DRHP on December 30, 2024 and has now moved ahead with the public issue schedule. Once the subscription closes, the basis of allotment is expected to be finalised on July 1, 2026. Following this, refunds are likely to be initiated and shares are expected to be credited to successful bidders’ demat accounts on July 2, 2026. Finally, Crazy Snacks Limited shares are tentatively scheduled to list on the BSE SME platform on July 3, 2026.
Crazy Snacks IPO Timeline
| IPO Open Date | Thu, Jun 25, 2026 |
| IPO Close Date | Tue, Jun 30, 2026 |
| Basis of Allotment | Wed, Jul 1, 2026 |
| Initiation of Refunds | Thu, Jul 2, 2026 |
| Credit of Shares to Demat | Thu, Jul 2, 2026 |
| Listing Date | Fri, Jul 3, 2026 |
| Cut-off time for UPI mandate confirmation | - |
Crazy Snacks IPO Details
| Detail | Description |
|---|---|
| IPO Date | 25 to 30 Jun, 2026 |
| Listing Date | 3 Jul, 2026 |
| Face Value | ₹ 10 Per Equity Share |
| Issue Price Band | ₹ 39 to ₹ 42 |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Issue + Offer For Sale |
| Total Issue Size | 74,94,000 shares (agg. up to ₹ 31 Cr) |
| Reserved for Market Maker | 3,78,000 shares (agg. up to ₹ 2 Cr) |
| Fresh Issue(Ex Market Maker) | 56,21,000 shares (agg. up to ₹ 24 Cr) |
| Offer for Sale | 14,95,000 shares of ₹10 (agg. up to ₹ 6 Cr) |
| Net Offered to Public | 71,16,000 shares (agg. up to ₹ 30 Cr) |
| Issue Type | Book Built Issue |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,79,38,830 shares |
| Share Holding Post Issue | 2,39,37,830 shares |
Crazy Snacks IPO GMP
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Crazy Snacks IPO GMP is currently trading at ₹0, reflecting unofficial investors' sentiment ahead of the official listing. This premium suggests a potential listing price of ₹42.00, which is 0.00% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
Crazy Snacks GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 23 Jun, 2026 | ₹42 | ₹0 | 23 Jun, 202604:05 PM |
| 22 Jun, 2026 | ₹42 | ₹0 | 22 Jun, 202605:58 PM |
Company Background
Crazy Snacks Limited is a food manufacturing company operating from Gorakhpur, Uttar Pradesh. The company has been registered since 1995 and then later in 2024 changed from a private to a public limited company. Its head office is situated at Shri Pramodaay Bhawan, 10 Park Road, Officers Residence Lane, near Sahara Press, Gorakhpur, Uttar Pradesh – 273001.
The business deals in the packaged food and bakery sector and has been able to build itself through the manufacturing and distribution activities within the domestic market environment. It has managed to establish itself well regionally, especially in the northern part of India, where it serves a wide consumer population.
Operations & Business Model
Crazy Snacks Limited is primarily engaged in the manufacturing and sale of packaged food and snack products. Its business model is based on production, distribution, and supply of food products through its network and channel relationships.
Crazy Snacks, being a food manufacturing company, will grow through its ability to win customers, efficient procurement of raw materials, setting up quality standards, and expansion of the distribution network. The firm also needs operational expertise to ensure consistency of products and control over input costs.
Facilities & Capacity
The company operates from its manufacturing and administrative base in Gorakhpur, Uttar Pradesh. The current factory serves as the hub for the manufacture, packing, stocking, and distribution of products. The company plans to utilise a portion of the IPO proceeds for machinery purchase and infrastructure improvement at its current manufacturing plant.
The proposed capital expenditure is expected to enhance manufacturing capacity and efficiency over time. In the case of consumer food firms, infrastructure improvement can help with scale, consistency, and future distribution.
Brands & Market Presence
The company trades under the “Crazy Snacks” brand in the domestic packaged food industry. The firm has managed to establish itself in its operational areas and has been expanding gradually in its primary markets.
Its market presence is still regionally concentrated, with a large part of revenue coming from Uttar Pradesh and Bihar. This gives the company a strong local base, but it also means further geographic diversification will be important for long-term expansion.
Revenue Streams & Business Model
Crazy Snacks Limited mainly generates revenue from its packaged food and snack products. This company’s operational strategy is based on the performance of its products, the coverage of distribution channels, the efficiency of manufacturing, and cost management.
Crazy Snacks Limited has been steadily growing over the past few years. Operating income for FY22 reached ₹74.41 crore, in FY23 it reached ₹97.43 crore, and in FY24 it reached ₹127.59 crore. Profit after tax has also grown, increasing from ₹3.35 crore in FY22 to ₹4.66 crore in FY23 and ₹5.32 crore in FY24.
The growth in revenue and profitability suggests that the company has been able to increase business scale while retaining earnings momentum. This is a positive sign for a consumer-food SME business, though continued margin stability remains important.
Management & Shareholding
Crazy Snacks IPO includes both a fresh issue and an Offer for Sale, which means the issue will both raise new capital for the company and allow partial monetisation by an existing promoter shareholder. Before the issue, promoter holding stood at 76.14%.
The promoters of the company are Navin Kumar Agarwal and Upma Agrawal. As with most SME IPOs, promoter stake will dilute after the issue, though the promoter group is expected to continue retaining control over the business post-listing.
Board & Key Management
This company is managed by the promoter-management team consisting of Navin Kumar Agarwal and Upma Agrawal. In the case of a packaged food company, the effectiveness of the management is significant as growth is associated not only with production, but also with branding, distribution, and margins.
As the company enters the public market, management quality will be judged more closely on governance, capital allocation, and the ability to expand beyond its present core geography.
Crazy Snacks IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | — | — | — | — | — | — | |||
| 31 Mar 2023 | — | — | — | — | — | — | |||
| 31 Mar 2022 | — | — | — | — | — | — | |||
| Amount in ₹ Crore | |||||||||
Crazy Snacks Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 17.08 % |
| ROCE | 14.16 % |
| Debt/Equity | 1.45 |
| RoNW | 17.08 % |
| PAT Margin | 4.17 % |
| EBITDA Margin | - |
| Price to Book Value | - |
Crazy Snacks IPO Objectives
The company plans to use the IPO proceeds mainly for the following purposes:
- Funding capital expenditure toward the purchase of machinery, equipment, and infrastructure enhancement in its existing manufacturing facility
- Repayment and/or pre-payment of certain borrowings
- General corporate purposes
The capex objective supports future operational growth, while debt repayment may help strengthen the balance sheet and reduce financial pressure.
Crazy Snacks IPO Review
Crazy Snacks IPO is based on a consumer-focused food manufacturing company with an observable operating performance track record. The company has demonstrated revenue growth from ₹74.41 crore in FY22 to ₹127.59 crore in FY24, whereas PAT has grown from ₹3.35 crore to ₹5.32 crore during the period in question. It suggests a rather stable and scalable growth trajectory.
The company’s biggest strength lies in the fact that it operates in a stable consumption sector. Demand for packaged food usually does not vary a lot; hence, it can bring in some stable income flow and turnover for the business. In case the money from the IPO would be allocated properly to increase manufacturing capacity and pay off existing debts, it could become easier for the company to scale up its manufacturing and distribution network.
However, there are also certain risks. A significant concentration of revenue from Uttar Pradesh and Bihar means the business still depends heavily on a limited geography. Raw material cost fluctuation, quality control, and margin pressure are also important risks in a food manufacturing business. Further, part of the issue is an OFS, which means a portion of the offering is not bringing fresh capital into the company.
In conclusion, Crazy Snacks IPO may become interesting for those investors who seek a consumer-food SME story with revenue growth and good operational experience. The IPO seems to be more suitable for investors aware of SME fluctuations and able to estimate the company's performance from both execution and scalability angles.
Conclusion
Crazy Snacks IPO marks the public market entry of a regional packaged food and snack manufacturing company with a long operating history and improving financial performance. With an issue size of ₹31.47 crore, a price band of ₹39 to ₹42, and a lot size of 6,000 shares, the issue is meant for higher-ticket SME investors.
The company has been performing steadily in terms of income and profitability, and the utilisation of funds for capex and the reduction of debts seems to be appropriate. If the company is able to gain economies of scale, along with improved margins and reduced geographic concentration, then the IPO could prove to be a good growth opportunity for the consumer food SME sector.
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IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 6000 | 252000 |
| Individual investors (Retail) (Max) | 2 | 6000 | 252000 |
| S-HNI (Min) | 3 | 9000 | 378000 |
| S-HNI (Max) | 7 | 21000 | 882000 |
| B-HNI (Min) | 8 | 24000 | 1008000 |