Indore based Prataap Snacks ( Diamond Wafers ) got SEBI approval for IPO
Promoters : Arvind Mehta , Rajesh Mehta ( Not of Rajesh Exports ) , Arun Mehta , Naveen Mehta ,Kanta Mehta , Rita Mehta
BRLM : Edelweiss and JM Finance
Registrar to the issue : ?
Peers : Parle ( naam to suna hi hoga ) , Pepsico. , Balaji Wafers , ITC , DFM food ( crax )
Market Share respectively : 5 % , 50 % , 10 % , 10 % , DFM - n.a ( negligible ) , Prataap snacks - 5 % .
Issue size : 250 cr.
Retail : 35 %
NII : 15 %
QIB : 50 %
Issue Purpose :
75 cr . debt repayment
75 cr. capital expenditure
50 cr. marketing
50 cr. general corporate expenses
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