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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 ₹938.00 per share . The lot size for an application is 15. The minimum amount of investment required by an retail is ₹13,950 (15 shares). 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 Date | September 22, 2017 to September 26, 2017 |
| Listing Date | October 5, 2017 |
| Face Value | ₹5 per share |
| Issue Price Band | ₹930 to ₹938 per share |
| Issue Price Final | ₹938 per share |
| Lot Size | 15 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 51,37,966 shares (aggregating up to ₹481.60 Cr) |
| Fresh Issue | 21,32,196 shares (aggregating up to ₹199.86 Cr) |
| Offer for Sale | 30,05,770 shares of ₹5 (aggregating up to ₹281.74 Cr) |
| Employee Discount | ₹90.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,13,20,840 shares |
| Share Holding Post Issue | 2,34,53,036 shares |
Prataap Snacks offers total 51,37,966 shares. Out of which 25,47,982 (49.59%) allocated to QIB, 10,19,193 (19.84%) allocated to QIB, 7,64,395 (14.88%) allocated to NII, 17,83,589 (34.71%) allocated to RII and 15,28,789 (29.75%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 25,47,982 (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 (14.88%) | NA |
| Retail Shares Offered | 17,83,589 (34.71%) | 1,18,905 |
| Employee Shares Offered | 42,000 (0.82%) | NA |
| Total Shares Offered | 51,37,966 (100.00%) |
| 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 |
Prataap Snacks IPO opens on September 22, 2017, and closes on September 26, 2017.
| IPO Open Date | Fri, Sep 22, 2017 |
| IPO Close Date | Tue, Sep 26, 2017 |
| Tentative Allotment | Fri, Sep 29, 2017 |
| Initiation of Refunds | Tue, Oct 3, 2017 |
| Credit of Shares to Demat | Wed, Oct 4, 2017 |
| Tentative Listing Date | Thu, Oct 5, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 26, 2017 |
Investors can bid for a minimum of 15 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
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 Company Prataap Snacks IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment/pre-payment, in full or part, of certain borrowings availed by the Company | 129.82 |
| 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 | Investment in the Subsidiary, Pure N Sure, for repayment/pre-payment of certain borrowings availed by the Subsidiary | 293.70 |
| 4 | Marketing and brand building activities | 400.00 |
| 5 | General corporate purposes | 368.17 |
[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...
| Listing Date | October 5, 2017 |
| BSE Script Code | 540724 |
| NSE Symbol | DIAMONDYD |
| ISIN | INE393P01035 |
| Final Issue Price | ₹938 per share |
| BSE Listing Group | B |
Prataap Snacks Ltd.
Khasra No 378/2, Nemawar Road,
Near Makrand House,
Indore 452 020
Indore, Madhya Pradesh
Phone: (91 731) 243 7621
Email: complianceofficer@yellowdiamond.in
Website: http://www.yellowdiamond.in
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: prataap.ipo@karvy.com
Website: https://ipostatus.kfintech.com/
Prataap Snacks IPO is a main-board IPO of 51,37,966 equity shares of the face value of ₹5 aggregating up to ₹481.60 Crores. The issue is priced at ₹938 per share. The minimum order quantity is 15.
The IPO opens on September 22, 2017, and closes on September 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 September 22, 2017 and closes on September 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 Wednesday, October 4, 2017. Check the Prataap Snacks IPO allotment status.
The Prataap Snacks IPO listing date is on Thursday, October 5, 2017.
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