Crazy Snacks has launched its initial public offering (IPO) today, aiming to raise Rs 31.48 crore through a combination of fresh issue and offer for sale. The IPO, priced between Rs 39-42 per share, will close on June 30, with shares expected to list on the BSE SME platform on July 3.
The IPO consists of a fresh issue of 60 lakh shares worth Rs 25.20 crore and an offer for sale of 14.95 lakh shares aggregating to Rs 6.28 crore. Retail investors are required to bid for a minimum of 6,000 shares, translating to an investment of Rs 2.52 lakh at the upper price band.
Proceeds from the fresh issue will be allocated towards capital expenditure for machinery, equipment, and infrastructure upgrades at the company's manufacturing facility. Additionally, funds will be used to repay certain borrowings and for general corporate purposes.
Founded in 1995, Crazy Snacks specializes in manufacturing bakery products and packaged snacks, including namkeens, chips, popcorn, and potato sticks. The company markets its products under the brands Crazy, Bity, and Baked Gold, catering to both affordable and premium segments.
Crazy Snacks has a strong market presence in North India, particularly in Uttar Pradesh and Bihar, which accounted for over 99% of its revenue in FY25. The company operates two manufacturing facilities and maintains a distribution network of over 2,000 distributors supported by 35 delivery vehicles.
Financially, Crazy Snacks reported a total income of Rs 111.63 crore in FY25, with a profit after tax of Rs 6.33 crore. For the nine months ending December 2025, the company posted revenue of Rs 87.56 crore and a net profit of Rs 6 crore.
Background
The IPO's success could bolster Crazy Snacks' expansion plans and strengthen its market position in the competitive snacks industry. Investors and market watchers will be keenly observing the subscription levels and subsequent market performance of the shares.
The IPO's success could bolster Crazy Snacks' expansion plans and strengthen its market position in the competitive snacks industry. Investors and market watchers will be keenly observing the subscription levels and subsequent market performance of the shares.
