The IPO of Crazy Snacks will open for subscription on Thursday, with the company looking to raise Rs 31.47 crore through a combination of a fresh issue and an offer for sale. Ahead of the issue opening, the company's shares commanded no premium in the grey market, indicating a muted listing outlook.
The IPO comprises a fresh issue of 60 lakh shares worth Rs 25.20 crore and an offer for sale (OFS) of 14.95 lakh shares aggregating to Rs 6.28 crore. The issue is priced in the Rs 39-42 per share band and will close on June 30. The shares are proposed to be listed on the BSE SME platform on July 3.
Retail investors can bid for a minimum of 6,000 shares, requiring an investment of Rs 2.52 lakh at the upper end of the price band.
The proceeds from the fresh issue will primarily be used to fund capital expenditure for machinery, equipment and infrastructure upgrades at the company's existing manufacturing facility, repay certain borrowings and meet general corporate purposes.
Incorporated in 1995, Crazy Snacks manufactures bakery products and packaged snacks including namkeens, chips, popcorn and potato sticks. The company markets its products under three brands — Crazy, Bity and Baked Gold — spanning affordable and premium product categories.
The company has a strong presence in North India, particularly Uttar Pradesh and Bihar, which contributed over 99% of its revenue in FY25. It operates two manufacturing facilities and has a distribution network of over 2,000 distributors supported by 35 delivery vehicles.
On the financial front, Crazy Snacks reported a total income of Rs 111.63 crore in FY25 with a profit after tax of Rs 6.33 crore. For the nine months ended December 2025, it posted revenue of Rs 87.56 crore and a net profit of Rs 6 crore.
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