IPO Issue Details
Issue Price / Price Band₹938 per share (Fixed Price)
Face Value₹5 Per Share
Lot Size15 Shares per Lot
Total Issue Size51,37,966 shares (aggregating up to ₹481.60 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenFri, 22 Sep 2017
Subscription CloseTue, 26 Sep 2017
Anchor AllotmentThu, 21 Sep 2017
Basis of AllotmentFri, 29 Sep 2017
Initiation of RefundsTue, 03 Oct 2017
Credit of Shares to DematWed, 04 Oct 2017
Listing DateThu, 05 Oct 2017
UPI Mandate Deadline2017-09-26
Application & Investment Details
Retail — Min (1 Lots)₹14,070 — 15 shares
Retail — Max (13 Lots)₹182,910 (13 Lots)
HNI — Min (15 Lots)₹2,11,050 — 225 shares
Pre-IPO Promoter Holding2,13,20,840 shares
Post-IPO Promoter Holding2,34,53,036 shares
Fresh Issue Shares21,32,196 shares (aggregating up to ₹199.86 Cr)
Offer for Sale Shares30,05,770 shares of ₹5 (aggregating up to ₹281.74 Cr)
About Prataap Snacks Ltd.
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%, respectivelyCompany 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.
Objects of the Issue
Prataap Snacks Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Repayment/pre-payment, in full or part, of certain borrowings availed by the Company
129.82
2
2 Funding capital expenditure requirements in relation to expansion (including through setting up of a new production line and construction of a building) and modernisation at certain of the existing manufacturing facilities
669.98
3
3 Investment in the Subsidiary, Pure N Sure, for repayment/pre-payment of certain borrowings availed by the Subsidiary
293.70
4
4 Marketing and brand building activities
400.00
5
5 General corporate purposes
368.17
Shareholding & Lock-in
Pre-IPO Promoter Holding
2,13,20,840 shares
Post-IPO Promoter Holding
2,34,53,036 shares
Lock-in Period (30%)October 29, 2017
Lock-in Period (50%)December 28, 2017