Prataap Snacks Limited IPO

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Indore-based Prataap Snacks ( established in 2009) ,owner of the brand: Yellow Diamond Chips is coming out with IPO to raise Rs.250 crores by issuing new shares while existing investors will sell 2,982,000 shares through the proposed IPO. 2,226,000 shares will be offered by two Sequoia group companies.
The company promoted by brothers Amit Kumat , Apurva Kumat, and Arvind Mehta in 2003 is primarily into potato-based snacks, extruded snacks and namkeen. Despite operating in the same industry, Prataap Snacks does not directly compete with big players like Frito Lays or Parle. It focuses on underserved smaller markets.
The Company has pan-India distribution network of included 205 super stockists and over 3,400 distributors & is supported by strategically located manufacturing facilities. The company owns and operates three manufacturing plants , one located at Indore and the other two located at Guwahati, in Assam.

Prataap Snacks Limited IPO Stock Quote & Charts

850.15

-0.46%

Check History
  • Open: 850.00
  • High - Low: 853.00 - 833.05
  • Previous Close: 854.10
  • Total Traded Volume: 1211
  • Updated On: 24-Dec-2019

Objects of the Prataap Snacks Limited IPO:

1. Offer for Sale Each of the Selling Shareholders will be entitled to their respective portion of the proceeds from the Offer for Sale. Company will not receive any proceeds from the Offer for Sale. 2. Fresh Issue Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects: A. Repayment/pre-payment, in full or part, of certain borrowings availed by the Company; B. Funding capital expenditure requirements in relation to expansion and modernisation at certain of our existing manufacturing facilities; C. Investment in its Subsidiary, Pure N Sure, towards enabling the repayment/pre-payment of certain borrowings availed of by our Subsidiary; D. Marketing and brand-building activities; and E. General corporate purposes.
DRHP of Prataap Snacks Limited IPO

Prataap Snacks Limited IPO Details:

Open Date: Sep 22 2017
Close Date: Sep 26 2017
Total Shares: 5,137,966
Face Value: ₹ 5 Per Equity Share
Issue Type: Book Built Issue
Issue Size: 481.56 Cr.
Lot Size: 15 Shares
Issue Price: ₹ 930-938 Per Equity Share
Listing At: NSE,BSE
Listing Date: Oct 05 2017

Promoters And Management:

Arvind Mehta, Amit Kumat, Apoorva Kumat, Rajesh Mehta, Naveen Mehta, Arun Mehta, Kanta Mehta, Rita Mehta Premlata Kumat, Swati Bapna, Rakhi Kumat, Sandhya Kumat SCI Growth Investments II.

Financials of Prataap Snacks Limited IPO:

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

Lead Manager of Prataap Snacks Limited IPO:

  1. Edelweiss Capital Limited
  2. JM Financial Consultants Private Limited
  3. Spark Capital Advisors (India) Private Limited

Registrar of Prataap Snacks Limited IPO:

  1. Karvy Computershare Private Limited

Company Address:

Prataap Snacks Limited Khasra No 378/2, Nemawar Road, Near Makrand House, Indore 452 020 Phone: (91 731) 243 7621 Fax: (91 731) 243 7605 Email: complianceofficer@yellowdiamond.in Website: www.yellowdiamond.in

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