Crazy Snacks IPO Opens Today: Price Band, GMP, and Key Details

The SME segment witnesses another addition as Crazy Snacks opens its initial public offering for subscription this Thursday. Investors looking to enter the packaged snacks market can participate in this issue, which aims to raise ₹31.47 crore through a mix of fresh equity and an offer for sale.

IPO Structure and Pricing Details

The Crazy Snacks IPO is structured as a combination of a fresh issue and an Offer for Sale (OFS). The fresh issue component consists of 60 lakh shares valued at ₹25.20 crore, while the OFS includes 14.95 lakh shares aggregating to ₹6.28 crore.

The company has set a price band of ₹39 to ₹42 per share. For retail investors, the minimum lot size is 6,000 shares, requiring a total investment of ₹2.52 lakh at the upper price limit. The subscription period is scheduled to remain open until June 30, with the shares expected to debut on the BSE SME platform on July 3.

Market sentiment regarding the listing gains appears cautious. Ahead of the official opening, the Grey Market Premium (GMP) for Crazy Snacks showed no premium, suggesting a muted listing outlook for early investors. While the company shows steady operational growth, the lack of movement in the grey market indicates that investors are currently adopting a "wait and watch" approach toward the stock's debut performance.

Business Model and Use of Proceeds

Founded in 1995, Crazy Snacks has built a diversified portfolio in the bakery and packaged snacks segment. The company operates under three distinct brands—Crazy, Bity, and Baked Gold—covering both affordable and premium market segments. Their product line includes namkeens, chips, popcorn, and potato sticks.

The company plans to utilize the proceeds from the fresh issue to strengthen its operational backbone. Key objectives include:

  • Funding capital expenditure for new machinery and equipment.
  • Upgrading infrastructure at existing manufacturing facilities.
  • Repaying certain existing borrowings.
  • Meeting general corporate requirements.

Financial Performance and Market Presence

Crazy Snacks maintains a concentrated but strong geographic footprint, with over 99% of its FY25 revenue originating from North India, specifically Uttar Pradesh and Bihar. The company operates two manufacturing facilities and manages a robust distribution network of over 2,000 distributors, supported by a fleet of 35 delivery vehicles.

Financially, the company has demonstrated consistent performance. In FY25, Crazy Snacks reported a total income of ₹111.63 crore with a profit after tax (PAT) of ₹6.33 crore. Further reinforcing this momentum, for the nine months ended December 2025, the company posted a revenue of ₹87.56 crore and a net profit of ₹6 crore.

Key Takeaways

  • IPO Details: The issue is priced between ₹39–₹42 per share, aiming to raise ₹31.47 crore via BSE SME.
  • Growth Strategy: Proceeds will be directed toward manufacturing upgrades, infrastructure, and debt repayment.
  • Market Position: The company holds a dominant presence in North India with a proven revenue model, despite a muted grey market outlook.