Crazy Snacks IPO Opens Today: Price Band, GMP, and Key Details
The Crazy Snacks IPO opens for subscription today, offering investors an opportunity to enter the organized snacks and bakery market. With a focus on expanding manufacturing capabilities, the company aims to leverage its strong regional presence to drive future growth.
IPO Structure and Subscription Details
Crazy Snacks is looking to raise a total of ₹31.47 crore through this public issue. The offering consists of two main components: a fresh issue of 60 lakh shares valued at ₹25.20 crore and an Offer for Sale (OFS) of 14.95 lakh shares totaling ₹6.28 crore.
The company has set a price band of ₹39 to ₹42 per share. For retail investors looking to participate, the minimum lot size is 6,000 shares, which requires an investment of ₹2.52 lakh at the upper price limit. The subscription window is set to remain open until June 30, with the shares expected to list on the BSE SME platform on July 3.
Use of Proceeds and Business Model
Since 1995, Crazy Snacks has established itself in the competitive FMCG landscape, manufacturing bakery products and packaged snacks such as namkeens, chips, popcorn, and potato sticks. The company operates under three distinct brands—Crazy, Bity, and Baked Gold—catering to both affordable and premium consumer segments.
The capital raised through the fresh issue of ₹25.20 crore is earmarked for several strategic purposes:
- Funding capital expenditure for new machinery and equipment.
- Upgrading infrastructure at existing manufacturing facilities.
- Repaying specific company borrowings.
- Meeting general corporate requirements.
Financial Performance and Market Presence
The company maintains a dominant footprint in North India, specifically within the states of Uttar Pradesh and Bihar, which accounted for over 99% of its revenue in FY25. Its operational backbone includes two manufacturing facilities and an extensive distribution network comprising over 2,000 distributors supported by a fleet of 35 delivery vehicles.
Financially, Crazy Snacks has shown steady performance. In FY25, the company reported a total income of ₹111.63 crore with a profit after tax (PAT) of ₹6.33 crore. Looking at the most recent quarterly trends, the company posted a revenue of ₹87.56 crore and a net profit of ₹6 crore for the nine months ended December 2025.
Grey Market Outlook
Investors monitoring the secondary market may note a cautious sentiment regarding this issue. Ahead of the official opening, the Grey Market Premium (GMP) for Crazy Snacks stood at no premium, suggesting a muted listing outlook for the shares upon their debut on the BSE SME platform.
Key Takeaways
- Issue Size & Price: The IPO seeks to raise ₹31.47 crore with a price band of ₹39–₹42 per share.
- Strategic Growth: Proceeds will primarily fund manufacturing upgrades and machinery to bolster production capacity.
- Regional Strength: The company holds a massive market share in North India, with Uttar Pradesh and Bihar driving 99% of its revenue.