Crazy Snacks shares made a strong debut on July 3, listing at ₹44 on the BSE SME platform, representing a 4.76% premium over the issue price of ₹42. Following the positive listing, the stock extended gains to hit its day's high of ₹46.20, surging 10% from its IPO price. The stock is currently frozen at its lower limit of 5% over its listing price, with about 31.11 lakh shares changing hands at the counter. The listing outperformed Street expectations, as reflected by the grey market premium (GMP) which stood at nil ahead of the listing, indicating a likely listing price of ₹42. This performance demonstrates strong investor confidence in the snacks manufacturer's growth prospects.
The SME IPO, which opened for public subscription from June 25 to June 30, was oversubscribed 1.20 times during the three-day bidding period. According to Business Standard, the retail individual investor portion was subscribed 1.24 times, while the non-institutional investors category was booked 1.08 times. The QIB segment recorded the highest bid of 4.75 times subscription. The basis of allotment was finalised on July 1, with successful bidders receiving their shares on Thursday, July 2, while unsuccessful applicants received refunds on the same day. The stock was scheduled for its debut on Friday, July 3.
The Crazy Snacks IPO was a book-built issue comprising 74.94 lakh equity shares, including a fresh issue of 59.99 lakh shares worth ₹25.20 crore and an offer for sale of 14.95 lakh shares worth ₹6.28 crore. The company fixed the final issue price at ₹42 per share with a lot size of 3,000 shares. The minimum investment required was ₹2,52,000 for retail investors (6,000 shares), while the maximum retail investment was ₹2,52,000. The company plans to utilize proceeds for ₹9.92 crore towards capital expenditure for machinery and equipment, ₹5.71 crore for debt repayment, ₹6.27 crore for general corporate purposes, and ₹4.12 crore for issue expenses. The company recorded revenue from operations of ₹87.54 crore and net profit of ₹6 crore for the period ended December 31, 2025.
Incorporated in 1995, Crazy Snacks Limited operates in the production of bakery items and snacks, including namkeens, chips, popcorn and potato sticks. The company markets its products under three brands — Crazy (affordable snacks and bakery items), Bity (premium cakes, breads and buns), and Baked Gold (premium cookies and rusks). As reported by Business Standard, the company primarily operates in North India and offers more than 150 products priced between ₹2 and ₹170, catering to varied consumer preferences by blending traditional and contemporary flavours. Uttar Pradesh and Bihar accounted for 99.01% of its FY25 revenue. The company operates two manufacturing facilities and serves the region through a distribution network of 2,045 distributors and 35 vehicles, with 347 employees as of January 31, 2026.
Investors can check their Crazy Snacks IPO allotment status online through two primary channels. As reported by Mint, they can visit the registrar's website (Kfin Technologies) using the direct weblink and follow steps including selecting the IPO name, entering PAN, application number, or demat account details. Alternatively, they can check on the BSE official website at https://www.bseindia.com/investors/appli_check by selecting 'Equity' option, choosing the issue name, and entering PAN or application number details.
