Prataap Snacks Limited IPO
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.
Objects of the Issue:
Listing Date: Oct 05 2017
|Open Date:||Sep 22 2017|
|Close Date:||Sep 26 2017|
|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 Date:||Oct 05 2017|
Promoters And Management:
|Particulars||For the year/period ended (in Rs. million)|
|Profit After Tax||98.93||273.73||99.02||53.79||148.72|