Bookbuilding IPO | ₹482 Cr | Listed at BSE, NSE | Fri, Sep 22, 2017 - Tue, Sep 26, 2017
Prataap Snacks IPO is a book build issue of ₹481.60 crores. The issue is a combination of fresh issue of 0.21 crore shares aggregating to ₹199.86 crores and offer for sale of 0.30 crore shares aggregating to ₹281.74 crores.
Prataap Snacks IPO bidding started from Sep 22, 2017 and ended on Sep 26, 2017. The allotment for Prataap Snacks IPO was finalized on Sep 29, 2017. The shares got listed on BSE, NSE on Oct 5, 2017.
Prataap Snacks IPO price band is set at ₹938 per share. The lot size for an application is 15. The minimum amount of investment required by an retail is ₹14,070 (15 shares) (based on upper price). The lot size investment for sNII is 15 lots (225 shares), amounting to ₹2,11,050, and for bNII, it is 72 lots (1,080 shares), amounting to ₹10,13,040.
The issue includes a reservation of up to 42,000 shares for employees offered at a discount of ₹90.00 to the issue price.
Edelweiss Financial Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Prataap Snacks IPO RHP for detailed Information.
IPO Open
Fri, Sep 22, 2017
IPO Close
Tue, Sep 26, 2017
Issue Price
₹938 per share
Market Cap (Pre-IPO)
₹2,199.89 Cr
| IPO Date | 22 to 26 Sep, 2017 |
| Listed on | Thu, Oct 5, 2017 |
| Face Value | ₹5 per share |
| Price Band | ₹930 to ₹938 |
| Issue Price | ₹938 per share |
| Lot Size | 15 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹90.00 |
| Total Issue Size | 51,37,966 shares (agg. up to ₹482 Cr) |
| Fresh Issue | 21,32,196 shares (agg. up to ₹200 Cr) |
| Offer for Sale | 30,05,770 shares of ₹5 (agg. up to ₹282 Cr) |
| Share Holding Pre Issue | 2,13,20,840 shares |
| Share Holding Post Issue | 2,34,53,036 shares |
| BSE Script Code / NSE Symbol | 540724 / DIAMONDYD |
| ISIN | INE393P01035 |
Prataap Snacks IPO comprises a total issue size of 51,37,966 shares. The net offer to the public is 50,95,966 shares, after excluding 42,000 shares under a preferential allotment. Of the Net offer 25,47,982 (50.00%) are allocated to QIB, 7,64,395 (15.00%) allocated to NII 17,83,589 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 25,47,982 | 50.00% | 49.59% | NA |
| − Anchor Investor Shares Offered | 15,28,789 | 29.75% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 10,19,193 | 19.84% | NA | |
| NII (HNI) Shares Offered | 7,64,395 | 15.00% | 14.88% | NA |
| Retail Shares Offered | 17,83,589 | 35.00% | 34.71% | 1,18,905 |
| Preferential Reservations | ||||
| Employee Shares Offered | 42,000 | 0.82% | NA | |
| Total Shares Offered | 51,37,966 | 100.00% | 100.00% | |
Investors can bid for a minimum of 15 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹14,070 |
| Retail (Max) | 14 | 210 | ₹1,96,980 |
| S-HNI (Min) | 15 | 225 | ₹2,11,050 |
| S-HNI (Max) | 71 | 1,065 | ₹9,98,970 |
| B-HNI (Min) | 72 | 1,080 | ₹10,13,040 |
Prataap Snacks IPO raises ₹143.40 crore from anchor investors. Prataap Snacks IPO Anchor bid date is September 21, 2017.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Sep 21, 2017 |
| Shares Offered | 15,28,789 |
| Anchor Portion (₹ Cr.) | 143.40 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Oct 29, 2017 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Dec 28, 2017 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/pre-payment, in full or part, of certain borrowings availed by the Company | 12.98 |
| 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 | 67.00 |
| 3 | Investment in the Subsidiary, Pure N Sure, for repayment/pre-payment of certain borrowings availed by the Subsidiary | 29.37 |
| 4 | Marketing and brand building activities | 40.00 |
| 5 | General corporate purposes | 36.82 |
| Total | 186.17 |
The Prataap Snacks IPO is subscribed 46.88 times on September 26, 2017 5:00:00 PM (Day 3). The public issue subscribed 7.44 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 (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 76.89 | 10,28,363 | 7,90,72,320 |
| NII | 101.15 | 7,67,147 | 7,75,98,285 |
| Retail | 7.44 | 17,90,008 | 1,33,17,660 |
| Employee | 1.43 | 42,000 | 60,060 |
| Total | 46.88 | 36,27,518 | 17,00,48,325 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | GCBRLMs and BRLM fees and commissions (including underwriting commission, brokerage and selling commission) | 14.24 |
| 2 | Commission/processing fee for SCSBs and Bankers to the Issue | 1.02 |
| 3 | Brokerage and selling commission for members of Syndicate, and Registered Brokers, RTAs and CDPs | 1.55 |
| 4 | Registrar to the Issue | 2.18 |
| 5 | Other advisors to the Issue | 4.94 |
| 6 | Listing fees, SEBI filing fees, BSE & NSE processing fees, bookbuilding software fees | 2.18 |
| 7 | Printing and stationery | 1.50 |
| 8 | Advertising and marketing expenses | 4.85 |
| 9 | Miscellaneous | 0.50 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹938.00 | ₹938.00 |
| Open | ₹1,250.00 | ₹1,270.00 |
| Low | ₹1,137.00 | ₹1,133.70 |
| High | ₹1,317.05 | ₹1,318.80 |
| Last Trade | ₹1,178.30 | ₹1,180.65 |
Prataap Snacks IPO is a main-board IPO of 51,37,966 equity shares of the face value of ₹5 aggregating up to ₹482 Crores. The issue is priced at ₹938 per share. The minimum order quantity is 15.
The IPO opens on Fri, Sep 22, 2017, and closes on Tue, Sep 26, 2017.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Prataap Snacks IPO using UPI as a payment gateway. Zerodha customers can apply in Prataap Snacks IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Prataap Snacks IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Prataap Snacks IPO opens on Fri, Sep 22, 2017 and closes on Tue, Sep 26, 2017.
Prataap Snacks IPO lot size is 15, and the minimum amount required for application is ₹14,070.
You can apply in Prataap Snacks IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Prataap Snacks IPO will be done on Friday, September 29, 2017, and the allotted shares will be credited to your demat account by Wed, Oct 4, 2017. Check the Prataap Snacks IPO allotment status.
The Prataap Snacks IPO listing date is on Thu, Oct 5, 2017.
