Prataap Snacks was one of the top six Indian snack food companies in terms of revenues in 2016, and among the fastest growing companies in the Indian organised snack market between 2010 and 2016. We are present in three major savoury snack food categories in India and all our products are sold under the Yellow Diamond brand. Our diversified product portfolio enables us to cater to a wide range of taste preferences and consumer segments, including adults and children. Our products in the Extruded Snacks category are primarily targeted at the youth and children while our Potato Chips and Namkeen category of snacks are for all consume segments.
We have set up a pan-India distribution network supported by strategically located manufacturing facilities. Our wide network of super stockists and distributors is supported by our large team of sales representatives and arrangements with various modern retail outlets. As of March 31, 2017, our distribution network included 205 super stockists across 26 States and one Union Territory in India and over 3,400 distributors. As of the date of this Draft Red Herring Prospectus, we own and operate three manufacturing facilities, one located at Indore, Madhya Pradesh and the other two located at Guwahati, Assam. In addition, as of the date of this Draft Red Herring Prospectus, we have engaged two facilities on contract manufacturing basis, located at Bengaluru, Karnataka and at Kolkata, West Bengal.
Promoters of Prataap Snacks – SCI Growth Investments II, Arvind Mehta, Amit Kumat, Apoorva Kumat, Rajesh Mehta, Naveen Mehta, Arun Mehta, Kanta
Mehta, Rita Mehta, Premlata Kumat, Swati Bapna, Rakhi Kumat and Sandhya Kumat
| Prataap Snacks IPO details | |
| Subscription Dates | 22 – 26 September 2017 |
| Price Band | INR930 – 938 per share |
| Fresh issue | INR250 crore |
| Offer For Sale | 3,005,770 shares (INR279.53 – 281.94 crore) |
| Total IPO size | INR529.53 – 531.94 crore |
| Minimum bid (lot size) | 15 shares |
| Face Value | INR5 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
| Prataap Snacks’ financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 344.5 | 446.8 | 560.6 | 757.9 | 905.5 | |
| Total expenses | 316.2 | 425.5 | 524.9 | 700.7 | 863.0 | |
| Profit after tax | 14.9 | 5.4 | 9.9 | 27.4 | 9.9 | |
Prataap Snacks LimitedÂ
Khasra No 378/2, Nemawar Road,
Near Makrand House,
Indore 452 020
Phone:Â +91 731 243 7621
Fax:Â +91 731 243 7605
Email: [email protected]
Website:Â www.yellowdiamond.in
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone:Â +91 40 6716 2222Â
Fax:Â +91 40 2343 1551Â
Email:Â [email protected]
Website:Â www.karvycomputershare.com
Earnings Per Share (EPS): INR4.77
Price/Earnings (P/E) ratio: 194.96 – 196.64
Return on Net Worth (RONW): 4.15%
Net Asset Value (NAV): INR114.66 per share
Prataap Snacks IPO Subscription Details
| Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 1,028,363 | 0.99 | 3.90 | 76.89 |
| NII | 767,147 | 0.01 | 0.10 | 101.15 |
| Retail | 1,790,008 | 0.28 | 2.10 | 7.44 |
| Employees | 42,000 | 0.12 | 0.54 | 1.43 |
| Total | 36,27,518 | 0.42 | 2.17 | 46.87 |
Prataap Snacks IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status. You can also check allotment status using application number on this link.
IPO Opening Date: 22 September 2017
IPO Closing Date: 26 September 2017
Finalisation of Basis of Allotment: 29 September 2017
Initiation of refunds: 3 October 2017
Transfer of shares to demat accounts:Â 4 October 2017
Listing Date: 5 October 2017
Listing Price on NSE: INR1,270 per share (up 35.39% from IPO price)
Closing Price on NSE: INR1,180.65 per share (up 25.86% from IPO price)
Priceband will be 930-938. Unconfirmed but almost finalised. Very high price but grey market activity has already started!
Bahut mehenga hai. I like this company but not worth at this price! Inflation has caught up with IPOs too now.
***Kuch na mile sasta, mehengayi maar gayi***
very high as compare to his product quality.
dont buy
I gave their products a try last year after learning bout their IPO plans. Didn’t like the taste. IMO, they are yet to catch up with big players in taste. I know taste is subjective but haven’t yet seen anyone in my circle recommending their products. They offer more grammage for sure and probably more incentive to distributors to push their products.
Sinhaji, aapne bilkul sahi kaha
just donate the money you wish to put in this IPO; atleast you will get blessings. if you feel you are going to get a return on this subcription, youre out of your mind. very epensive valuation. companies are getting greedy looking at the overall ongoing trend on IPOs, such companies shold fail in moping up money to give a good lesson to future listing applicants.
I fully agree with you. Companies want to make hay while the sun shines at the expense of investors
People who got allotment in Reliance Power in 2008 are still suffering. IPO application is all about valuation and Business attracticeness. This daylight robbery can be avoided. Do not apply.
Greedy pricing so staying away is the better option. No one is forcing us to apply.
SEBI SHOULD NOT ALLOW UNDUE PREMIUM. THIS POLICY WAS FORMED BY MANMOHAN SINGH AND IT LOOKS THAT THERE IS NO POLITICIAN TO PROTECT THE INVESTORS. JISKE PAS PAISA USHI KE POLITICIANS.JISKI LATHI USHKI BHENS.NOTHING HAS CHANGED.
NO COMMENTS
Good ipo . Good growth. But valuation high. I am one chance to apply this ipo on for listing gain. May be 10% to 15% listing gain on this ipo.
pata nahi ye ipo 46.87% subscribe kaise hua?
consistent lower profit’s seen in past year, no chance to go for it…………………..
its 46.87 times dude…
hm right, typing mistake but phir bhi 46.87 times. how? reason behind subscription?
Ipo allotment link
SBI to be open at 1000….
Are yaar pata nahi SBI LIFE Insurance & ICICI lombard jaise IPO’s ki band baj gayi, aur Prataap snacks jaise ipo 40% premium ke santh khul rahe h