Crazy Snacks IPO

IPO Details

• Open Date: 25 June 2026

• Close Date: 30 June 2026

• Minimum Investment: ₹2,52,000

• Lot Size: 3,000 shares

• Price Range: ₹39 to ₹42 per Share

• Listing: BSE, SME

• Issue Size: ₹31.47 Crore

• Listing Date: 3 July 2026

IPO Timeline

• Bidding Start: 25 June 2026

• Bidding Ends: 30 June 2026

• Allotment Finalisation: 1 July 2026

• Refund Initiation: 2 July 2026

• Demat Transfer: 2 July 2026

• Listing: 3 July 2026

About Crazy Snacks Limited

Crazy Snacks Limited was incorporated in 1995 and is engaged in manufacturing bakery and snack products. The company produces a wide range of items including namkeens, chips, popcorn, potato sticks, rusks, cookies, breads, buns and cakes. Its products are marketed under the brands Crazy, Bity and Baked Gold, catering to customers across various price segments. The company primarily operates in North India, with Uttar Pradesh and Bihar accounting for a major share of its revenue. It has two manufacturing facilities, a network of 2,045 distributors and a fleet of 35 vehicles. As of 31 January 2026, the company employed 347 individuals.

Crazy Snacks Limited IPO Overview

Crazy Snacks Limited is coming out with a bookbuilding IPO aggregating up to ₹31.47 crore. The issue comprises a fresh issue of 60,00,000 equity shares aggregating to ₹25.20 crore and an offer for sale of 14,95,000 equity shares aggregating to ₹6.28 crore. The IPO opens for subscription on 25 June 2026 and closes on 30 June 2026. The basis of allotment is expected to be finalised on 1 July 2026, while refunds and credit of shares to demat accounts are scheduled for 2 July 2026. The company proposes to list its shares on the BSE SME platform on 3 July 2026. The price band has been fixed at ₹39 to ₹42 per share. Inventure Merchant Banker Services Private Limited is the book-running lead manager, Kfin Technologies Limited is the registrar to the issue, and Alacrity Securities Limited has been appointed as the market maker.

Crazy Snacks Limited IPO Details

Particulars	Details
IPO Date	25 June 2026 to 30 June 2026
Listing Date	3 July 2026
Face Value	₹10 per share
Issue Price Band	₹39 to ₹42 per share
Lot Size	3,000 Shares
Total Issue Size	74,94,000 shares (aggregating up to ₹31.47 Cr)
Fresh Issue	60,00,000 shares (aggregating up to ₹25.20 Cr)
Offer for Sale	14,95,000 shares (aggregating up to ₹6.28 Cr)
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Share Holding Pre Issue	1,79,38,830 shares
Share Holding Post Issue	2,39,37,830 shares
Market Maker Portion	3,78,000 shares

Crazy Snacks Limited IPO Reservation

Investor Category	Shares Offered
QIB	Not more than 50% of the Net Issue
Retail	Not less than 35% of the Net Issue
NII (HNI)	Not more than 15% of the Net Issue

Crazy Snacks Limited IPO Lot Size

Application	Lots	Shares	Amount
Individual Investors (Min)	2	6,000	₹2,52,000
Individual Investors (Max)	2	6,000	₹2,52,000
S-HNI (Min)	3	9,000	₹3,78,000
S-HNI (Max)	7	21,000	₹8,82,000
B-HNI (Min)	8	24,000	₹10,08,000

Crazy Snacks Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	76.14%
Post-Issue	50.85%

Crazy Snacks Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	₹3.34
Price/Earnings (P/E) Ratio	12.57x
Return on Net Worth (RoNW)	14.01%
Net Asset Value (NAV)	₹17.35
Return on Equity	15.00%
Return on Capital Employed (ROCE)	10.04%
EBITDA Margin	NA
PAT Margin	NA
Debt to Equity Ratio	1.63

Objectives of the Proceeds

• Funding capital expenditure requirements towards purchase of machinery, equipment and infrastructure enhancement at the existing manufacturing facility amounting to ₹9.92 crore.

• Repayment and/or pre-payment, in part or full, of certain borrowings availed by the company amounting to ₹5.71 crore.

• Meeting general corporate purposes and supporting future operational requirements.

Key Financials (in ₹ crore)

Particulars	31 Dec 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	121.61	109.82	85.90	88.61
Revenue	87.56	111.63	129.08	89.17
Profit After Tax	6.00	6.33	5.32	3.54
Reserves and Surplus	24.75	18.75	29.41	24.59
Total Borrowings	69.91	63.26	45.22	48.01

SWOT Analysis of Crazy Snacks Limited

Strengths and Opportunities	Weaknesses and Threats
Diverse portfolio comprising bakery products, snacks, cookies, cakes and namkeens catering to varied consumer tastes.	Operations are largely concentrated in Uttar Pradesh and Bihar, increasing dependence on limited markets.
Products are available across multiple price points, helping the company target a broad customer base.	High borrowings and debt obligations may affect profitability and financial flexibility.
Established brands namely Crazy, Bity and Baked Gold enhance visibility and customer recall.	The packaged foods industry is highly competitive with the presence of organised and regional players.
Extensive distribution network of 2,045 distributors and dedicated transportation fleet supports market penetration.	Fluctuations in prices of raw materials such as wheat, edible oil and sugar can impact margins.
Two manufacturing facilities and in-house packaging capabilities improve operational efficiency.	Dependence on North Indian markets may limit growth if expansion strategies are delayed.
Growing demand for packaged and convenience foods presents opportunities for geographic expansion.	Changes in food safety regulations and quality standards may increase compliance costs.

IPO Strengths of Crazy Snacks Limited

• Diverse portfolio of bakery products and snacks catering to varied consumer preferences.

• Established brands with offerings across affordable and premium price segments.

• Strong distribution network comprising 2,045 distributors and 35 vehicles.

• In-house packaging and distribution capabilities supporting operational efficiency.

• Two manufacturing facilities with a focus on quality control standards.

• Experienced promoters and management team with industry expertise.

Peer Group Comparison

Company Name	EPS (Basic)	EPS (Diluted)	NAV per Share (₹)	P/E (x)	RoNW (%)	P/BV Ratio
Crazy Snacks Limited	2.96	2.96	17.35	NA	17.08	NA
Peer Group
Annapurna Swadisht Limited	7.63	7.63	61.48	48.86	11.46	NA
Anjani Foods Ltd	0.48	0.51	5.15	67.90	8.53	5.80