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Prataap Snacks is a book built issue of Rs 481.56 crores. The issue comprises of fresh issue of Rs 200.00 crore and offer for sale of 0.3 crore shares.
Prataap Snacks bidding started from September 22, 2017 and ended on September 26, 2017. The allotment for Prataap Snacks was finalized on Friday, September 29, 2017. The shares got listed on BSE, NSE on October 5, 2017.
Prataap Snacks price band is set at ₹930 to ₹938 per share. The minimum lot size for an application is 15 Shares. The minimum amount of investment required by retail investors is ₹14,070.
Edelweiss Financial Services Ltd, Jm Financial Limited and Spark Capital Advisors (India) Private Limited are the book running lead managers of the Prataap Snacks, while Kfin Technologies Limited is the registrar for the issue.
Refer to Prataap Snacks RHP for detailed information.
| IPO Date | September 22, 2017 to September 26, 2017 |
| Listing Date | October 5, 2017 |
| Face Value | ₹5 per share |
| Price Band | ₹930 to ₹938 per share |
| Lot Size | 15 Shares |
| Total Issue Size | 5,137,966 shares (aggregating up to ₹481.56 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹200.00 Cr) |
| Offer for Sale | 3,005,770 shares of ₹5 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 21,320,840 |
| Share holding post issue | 23,453,036 |
Prataap Snacks offers 3,627,518 shares. 1,028,363 (28.35%) to QIB, 767,147 (21.15%) to NII, 1,790,008 (49.35%) to RII, 42,000 (1.16%) to employees. 119,333 RIIs will receive minimum 15 shares and (sNII) and (bNII) will receive minimum 225 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 1,028,363 (28.35%) | NA |
| NII (HNI) Shares Offered | 767,147 (21.15%) | |
| Retail Shares Offered | 1,790,008 (49.35%) | 119,333 |
| Employee Shares Offered | 42,000 (1.16%) | NA |
| Total Shares Offered | 3,627,518 (100%) |
Prataap Snacks opens on September 22, 2017, and closes on September 26, 2017.
| IPO Open Date | Friday, September 22, 2017 |
| IPO Close Date | Tuesday, September 26, 2017 |
| Basis of Allotment | Friday, September 29, 2017 |
| Initiation of Refunds | Tuesday, October 3, 2017 |
| Credit of Shares to Demat | Wednesday, October 4, 2017 |
| Listing Date | Thursday, October 5, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 26, 2017 |
Investors can bid for a minimum of 15 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹14,070 |
| Retail (Max) | 14 | 210 | ₹196,980 |
| Lot Size Calculator | |||
Incorporated in 2009, Prataap Snacks is Indore, MP 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.
Prataap Snacks has a diversified product portfolio including traditional and western snacks. 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.
In Fiscal 2017, revenue from Extruded Snacks, Chips and Namkeen represented 62.99%, 23.85%, and 12.23%, respectively
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.
| Particulars | For the year/period ended (in Rs. million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 4,271.75 | 3,414.01 | 2,991.31 | 2,798.79 | 2,220.65 | |
| Total Revenue | 9,054.57 | 7,579.01 | 5,605.71 | 4,468.45 | 3,444.84 | |
| Profit After Tax | 98.93 | 273.73 | 99.02 | 53.79 | 148.72 | |
The Issue comprises the Fresh Issue and the Offer for Sale.
1. Offer for Sale
Each of the Selling Shareholders will be entitled to their respective portion of the proceeds from the Offer for Sale. Company will not receive any proceeds from the Offer for Sale.
2. Fresh Issue
Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
A. Repayment/pre-payment, in full or part, of certain borrowings availed by the Company;
B. Funding capital expenditure requirements in relation to expansion and modernisation at certain of our existing manufacturing facilities;
C. Investment in its Subsidiary, Pure N Sure, towards enabling the repayment/pre-payment of certain borrowings availed of by our Subsidiary;
D. Marketing and brand-building activities; and
E. General corporate purposes.
[Dilip Davda] Although issue is priced aggressively, considering the future prospects of snack foods post GST regime and new product launch plans of the company, management is confident for bright prospects ahead. In light of such developments, investment may be considered for medium to long term. Read detail review...
The Prataap Snacks is subscribed 47.39 times on September 26, 2017 5:00:00 PM. The public issue subscribed 8.48 times in the retail category, 76.89 times in the QIB category, and 101.15 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 76.89 |
| NII | 101.15 |
| Retail | 8.48 |
| Employee | 1.50 |
| Total | 47.39 |
| Listing Date | October 5, 2017 |
| BSE Script Code | 540724 |
| NSE Symbol | DIAMONDYD |
| ISIN | INE393P01035 |
| Final Issue Price | ₹938 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹938.00 |
| ₹1,250.00 |
| ₹1,137.00 |
| ₹1,317.05 |
| ₹1,178.30 |
| NSE |
|---|
| ₹938.00 |
| ₹1,270.00 |
| ₹1,133.70 |
| ₹1,318.80 |
| ₹1,180.65 |
Prataap Snacks Limited
Khasra No 378/2, Nemawar Road,
Near Makrand House,
Indore 452 020
Phone: (91 731) 243 7621
Email: complianceofficer@yellowdiamond.in
Website: http://www.yellowdiamond.in
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: prataap.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Prataap Snacks is a main-board IPO of 5,137,966 equity shares of the face value of ₹5 aggregating up to ₹481.56 Crores. The issue is priced at ₹930 to ₹938 per share. The minimum order quantity is 15 Shares.
The IPO opens on September 22, 2017, and closes on September 26, 2017.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Prataap Snacks opens on September 22, 2017 and closes on September 26, 2017.
Prataap Snacks lot size is 15 Shares, and the minimum amount required is ₹14,070.
You can apply in Prataap Snacks online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Prataap Snacks will be done on Friday, September 29, 2017, and the allotted shares will be credited to your demat account by Wednesday, October 4, 2017. Check the Prataap Snacks allotment status.
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so dont make new position in it...Be alert !!