Crazy Snacks IPO
LISTEDSMEListing Performance
▲ 4.76%
Issue Price
₹42
Listing Price
₹44
Listed On
03 Jul 2026
- Price Band
- ₹39 – ₹42
- Lot Size
- 3,000
- Lot Value
- ₹1,26,000
- Open Date
- 25 Jun25 Jun 2026
- Close Date
- 30 Jun30 Jun 2026
- Min Investment
- ₹1,26,000
About Crazy Snacks
Use of IPO Proceeds
Total allocation: ₹156.26 Cr (excludes issue expenses)
Promoters
Navin Kumar Agarwal
Promoter and Managing Director · age 57
Pre-issue: 70.33%
Upma Agrawal
Promoter and Non-Executive Director · age 56
Investment Analysis
Quick Analysis: 6 strengths · 6 risk factors· Exchange: BSE SME
Strengths (6)
- •Diverse product portfolio with over 150 products across bread, buns, and rusks
- •Affordable pricing strategy ranging from ₹2 to ₹170 across product categories
- •Focus on reliability and quality to meet everyday needs of Indian consumers
- •Subsidiary offering broad snacks range including namkeen, chips, popcorn, and fries
- •Over 147 snack products blending traditional flavours with innovative new options
- •Wide geographic presence across 22 states and union territories with 1425 outlets
Risk Factors (6)
- •Manufacturing facility disruptions due to equipment breakdown, power issues, labor disputes, or diseases could halt production and damage business
- •Heavy dependence on brand reputation; negative publicity, quality concerns, counterfeits, or misbranding could severely harm brand value and sales
- •First public offer with no formal market history; no assurance of active trading or price sustainability post-listing
- •Future equity issuances by company or promoter sales could dilute investor shareholding and adversely affect trading price
- •Tax proceedings against company involving ₹5.18 crore; outcome uncertain and could impact financial condition
- •Capacity utilization volatility (58-77%) indicates operational inefficiencies; inability to optimize manufacturing could constrain growth and profitability
Demand snapshot
Subscription and grey market data as reported. Not a recommendation.
- Subscribed 1.20x (QIB 4.75x, NII 1.07x, Retail 1.26x) at close
Investor Quota
Approx. shares reserved per category
Estimated from total issue size; actual reserved lots are set in the RHP.
Application Lot Sizes
Retail caps at ₹2,00,000 (1 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 3,000 | ₹1,26,000 |
| Retail (max) | 1 | 3,000 | ₹1,26,000 |
| S-HNI (min) | 2 | 6,000 | ₹2,52,000 |
| S-HNI (max) | 7 | 21,000 | ₹8,82,000 |
| B-HNI (min) | 8 | 24,000 | ₹10,08,000 |
Subscription Status
| Category | Day 1 | Day 2 | Day 5 |
|---|---|---|---|
| QIB | — | — | 4.75x |
| sNII (S-HNI) | — | — | — |
| bNII (B-HNI) | — | — | — |
| Retail | 0.04x | 0.04x | 1.26x |
| Total | 0.16x | 0.16x | 1.20x |
Colour: red <1x · amber 1–10x · green ≥10x oversubscribed.
Allotment Statistics
Retail Individual Investors (RII)
Subscription
1.26x
Allotment Ratio
1 lot per 2 applicants
Allotment Probability
~79.4%
Non-Institutional Investors (NII / HNI)
Subscription
1.07x
Allotment Type
Proportionate allotment
Qualified Institutional Buyers (QIB)
Subscription
4.75x
Allotment Type
Discretionary allotment
Total Subscription
1.20x
Allotment probability is estimated based on subscription data and is not guaranteed. Actual allotment depends on the registrar's process.
Basis of Allotment
Category-wise subscription & allotment ratio
Weigh your chances
IPO Timeline
Issue Opens
25 Jun 2026 · Thu
Issue Closes
30 Jun 2026 · Tue
Bidding Cut-off (UPI Mandate)
30 Jun 2026 · 5:00 PM IST
Allotment
01 Jul 2026 · Wed
Listing
03 Jul 2026 · Fri
Issue Opens
25 Jun 2026 · Thu
Issue Closes
30 Jun 2026 · Tue
Bidding Cut-off (UPI Mandate)
30 Jun 2026 · 5:00 PM IST
Allotment
01 Jul 2026 · Wed
Listing
03 Jul 2026 · Fri
IPO Details
| Registrar | KFin Technologies Limited |
| Exchange | BSE SME |
| ISIN | — |
| Face Value | — |
| Issue Size | ₹31.47 Cr |
| Fresh Issue | — |
| OFS Size | — |
| Lead Managers | Inventure Merchant Banker Services Private Limited |
3-Year Financial Summary
Revenue trend
↑ FY23→FY25
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY25 | 111.38 | 6.33 | — | — | 18.61% |
| FY24 | 127.59 | 5.32 | — | — | — |
| FY23 | 89.13 | 3.54 | — | — | — |
Detailed Line Items (₹ Cr)
| Line Item | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Income | 89.17 | 129.08 | 111.63 |
| EBITDA | 11.24 | 14.51 | 16.92 |
From the company's offer document (DRHP/RHP); restated figures where available.
Valuation at Issue Price
Issue P/E
—
Price ÷ EPS
EPS (FY25)
—
Earnings per share
RoNW
18.61%
Return on net worth
ROCE
12.37%
as reported in filing
EBITDA margin
15.2%
EBITDA ÷ revenue
Price/NAV
—
NAV not in abridged DRHP
Check the valuation yourself
Company Fundamentals
9 sections extracted from this filingCapital Structure
| Authorised Capital | — |
| Issued Capital | ₹17.94 Cr |
| Paid-up Capital | ₹17.94 Cr |
| Equity Shares (Pre-Issue) | — |
| Equity Shares (Post-Issue) | — |
Source: Crazy Snacks offer document (DRHP/RHP).
Shareholding Pattern
Pre-Issue
Pre-Issue not disclosed in this filing.Not separately disclosed in Crazy Snacks's filing.
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in Crazy Snacks's filing.
Source: Crazy Snacks offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
- QIB+1.01%
- NII / HNI+49.00%
- Retail+49.00%
OFS Selling Shareholders
- Navin Kumar Agarwal14,95,000 sh
Source: Crazy Snacks offer document (DRHP/RHP).
Board & Management
Board of Directors (4)
- Navin Kumar Agarwal₹0.42 Cr p.a.
Chairman and Managing Director
Chartered Accountant from Institute of Chartered Accountants of India (1991)
Spent two decades building a successful practice in N K Agarwal & Co; involved in formulation of corporate strategy and implementation; responsible for planning and overall execution and management of the Company
- Upma Agrawal
Non-Executive Director
Master of Science from Gorakhpur University
More than 20 years of experience on the board of the Company from April 24, 2002 in various directorship positions; heading administration and human resources department for past one decade
- Roopali Mittal
Independent Director
Qualified Company Secretary from the Institute of Company Secretaries of India
More than 18 years of experience in corporate laws, compliance services and providing consultancy services for start ups; Certified POSH Trainer; regular visiting Faculty in the Institute of Company Secretaries of India
- Vandana Gupta
Independent Director
Qualified Company Secretary and fellow member of Institute of Company Secretaries of India; Bachelor of Law from Chaudhary Charan Singh University, Meerut
Over two decades of experience in corporate governance and compliance; practicing Company Secretary since 2010
Key Managerial Personnel (2)
- Vinit Kumar Gupta
Chief Financial Officer
Master of Commerce from Dr. Ram Manohar Lohia Awadh University; Bachelor of Commerce from Deen Dayal Upadhyay Gorakhpur University
Over five years of experience as Accounts and Finance Head; oversees financial management, audit and taxation
- Rohit Shrivastava
Company Secretary and Compliance Officer
Bachelor of Laws from Silver Law College, Bareilly (2023); Master of Commerce (2014) and Bachelor of Commerce (2012) from M.J.P Rohilkhand University; associate member of Institute of Company Secretaries of India
Previously worked as Company Secretary at Horizon Luminous Limited in New Delhi; worked as Company Secretary cum Compliance Officer in Creative Graphics Solutions India Limited; responsible for corporate governance within the organisation
Source: Crazy Snacks offer document (DRHP/RHP).
Industry & Market
Industry figures as stated in Crazy Snacks's offer document.
Peer Comparison
| Company | P/E | EPS | RoNW % | NAV |
|---|---|---|---|---|
| Crazy Snacks Limited | — | 3.53 | 17.26 | 20.45 |
Material Litigation
The company faces 4 tax proceedings against it, including a ₹5 crore demand notice for assessment year 2022-23 regarding share premium valuation differences, and various other income tax demands totaling approximately ₹6.35 lakh across multiple financial years. Additionally, two group companies have outstanding tax litigation matters.
Registrar (RTA)
SEBI-registered Registrar & Transfer Agent — handles allotment and refunds.
Registrar:KFin Technologies Limited→Lead Managers (BRLMs)
Click any merchant banker for their full IPO track record (positive listing rate, average gain, IPOs managed).
Documents
Frequently Asked Questions
When is the Crazy Snacks IPO opening?
The Crazy Snacks IPO opens on 25 Jun 2026 and closes on 30 Jun 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the Crazy Snacks IPO?
The price band for the Crazy Snacks IPO is ₹39 to ₹42. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the Crazy Snacks IPO?
The minimum lot size is 3000 shares with a minimum investment of ₹1,26,000. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of Crazy Snacks IPO today?
Grey Market Premium data for Crazy Snacks is not available yet. It typically starts appearing a few days before the IPO opens.
When will the Crazy Snacks IPO list on NSE and BSE?
The Crazy Snacks IPO is expected to list on 03 Jul 2026 on BSE SME. Actual listing day trading begins at the start of the normal market session.
How can I check the Crazy Snacks IPO allotment status?
The registrar for this IPO is KFin Technologies Limited. You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the Crazy Snacks IPO a mainboard or SME issue?
Crazy Snacks is a SME IPO that will list on the NSE Emerge or BSE SME platform. SME IPOs require a minimum application value of one lakh rupees.
How do I apply for the Crazy Snacks IPO?
You can apply for the Crazy Snacks IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA while the issue is open for bidding.
What is the allotment ratio for Crazy Snacks IPO?
Based on the retail subscription of 1.26x, the estimated allotment ratio is 1 lot per 2 applicants (approximately 79.4% chance of allotment). This is an estimate and actual allotment may vary.
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