SME

IPO ·

BSE SME

Crazy Snacks Ltd

Listed

Incorporated in 1995, Crazy Snacks Limited is engaged in the production of bakery items and a diverse range of snacks, including namkeens, chips, popcorn, and potato sticks.

Issue details

Price band

₹39 – ₹42

Face value

₹10

Lot size

3,000 shares

Minimum investment

₹2,52,000

Issue size

₹31.47 Cr

Fresh issue

₹23.61 Cr

Offer for sale

₹6.28 Cr

Issue type

Book Built

Exchange

BSE SME

Key dates

Opens

25 Jun 2026

Closes

30 Jun 2026

UPI mandate cut-off

5:00 PM on 30 Jun 2026

Allotment

1 Jul 2026

Refunds

2 Jul 2026

Shares in demat

2 Jul 2026

Listing

3 Jul 2026

Subscription and listing

Subscription

1.20x

Listing price

₹44

Registrar

Kfin Technologies Ltd

Lead manager

Inventure Merchant Banker Services

Subscription by category

Total

1.20x

Total applications

773

Listing day

Issue price

₹42

Open

₹44.00

High

₹46.20

Low

₹44.00

Day close

₹45.67

Listing gain at open

+4.76%

Issue structure

Shares reserved per category and share of the total issue

QIB Shares Offered

72,000

0.96%

NII Shares Offered

35,10,000

46.84%

bNII > ₹10L

23,40,000

31.22%

sNII < ₹10L

11,70,000

15.61%

Retail Shares Offered

35,34,000

47.16%

Market Maker Shares Offered

3,78,000

5.04%

Total Shares Offered

74,94,000

100.00%

Finaccle’s quick read

Avoid

FY25 income down 14%, PAT up 19%, ROE 15.00%, D/E 1.63, post-issue P/E 12.57x.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

About the company

Incorporated in 1995, Crazy Snacks Limited is engaged in the production of bakery items and a diverse range of snacks, including namkeens, chips, popcorn, and potato sticks. The company offers products under three brands: Crazy (affordable snacks and bakery items), Bity (premium cakes, breads, and buns), and Baked Gold (premium cookies and rusks), catering to varied customer preferences. The company primarily operates in North India. the company offers over 150 products priced between ₹2 and ₹170, aiming to blend traditional and contemporary flavors to cater to various consumer preferences.

Founded

1995

1995

Promoters

Navin Kumar Agarwal, Upma Agrawal

Navin Kumar Agarwal, Upma Agrawal

Promoter holding

76.14% pre-issue; 50.85% post-issue

76.14% pre-issue; 50.85% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

Dec 2025

Dec 2025

87.56

87.56

—

6.00

6.00

42.82

69.91

69.91

121.61

FY25

FY25

111.63

111.63

—

6.33

6.33

36.82

63.26

63.26

109.82

FY24

FY24

129.08

129.08

—

5.32

5.32

31.25

45.22

45.22

85.90

FY23

FY23

89.17

89.17

—

3.54

3.54

26.43

48.01

48.01

88.61

ROE

15.00%

ROCE

10.04%

Debt / equity

1.63

PAT margin

—

P/E post issue

12.57

Market cap

₹100.54 Cr

Use of IPO money

Funding capital expenditure requirements towards purchase of machinery, equipments and infrastructure enhancement in the existing manufacturing facility

₹9.92 Cr

Repayment and/or pre-payment, in part or full, of certain borrowings availed by the Company

₹5.71 Cr

General Corporate Purposes

₹6.27 Cr

Issue Expenses

₹4.12 Cr

Strengths

✓

PAT up 19% in FY25 to ₹6.33 Cr

✓

ROE of 15.00% and ROCE of 10.04%

Risks to watch

!

Revenue fell 14% in FY25

!

High leverage: debt to equity 1.63

!

SME platform: large lot size and thinner trading liquidity

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Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.