The IPO of Crazy Snacks opened for subscription on June 25, 2026, targeting to raise ₹31.47 crore through a combination of fresh issue and offer for sale. According to latest reports from Livemint, by 1 pm on Thursday, the SME IPO had been subscribed to 0.07 times, with the retail portion booked at 0.03 times and the non-institutional investors segment subscribed at 0.11 times. The Grey Market Premium (GMP) was nil on Thursday morning, indicating the stock could list at par with the issue price. The shares are priced in the ₹39-42 per share band and will close on June 30, 2026. The company has appointed Inventure Merchant Banker Services Pvt. Ltd. as the book-running lead manager, while KFin Technologies Ltd. is acting as the registrar to the issue.
Retail investors can bid for a minimum of 2 lots comprising 6,000 shares, requiring an investment of ₹2.52 lakh at the upper end of the price band. As reported by The Economic Times, the shares are proposed to be listed on the BSE SME platform on July 3, 2026. The total issue size comprises 74.94 lakh equity shares, including shares reserved for the market maker. The issue is structured with not more than 50% for qualified institutional buyers (QIB), not less than 35% for retail investors, and not more than 15% for non-institutional investors. The basis of allotment is expected to be finalised on July 1, 2026, with refunds likely to be initiated and shares credited to successful bidders' demat accounts on July 2, 2026. The Grey Market Premium (GMP) is currently trading at ₹0, reflecting unofficial investors' sentiment ahead of the official listing.
Incorporated in 1995, Crazy Snacks manufactures bakery products and packaged snacks including namkeens, chips, popcorn and potato sticks. According to The Economic Times, the company markets its products under three brands — Crazy, Bity and Baked Gold — spanning affordable and premium product categories. The company has a diversified product portfolio comprising 297 products across bakery and snack categories through Crazy Snacks Limited and its subsidiary, Crazy Bakery Udyog Private Limited. Its offerings include bread, buns, cakes, cookies, rusks, namkeen, chips, popcorn, and other snacks, catering to multiple consumer segments. The company operates across a wide pricing spectrum, with products priced between ₹2 and ₹170, allowing it to serve both value-conscious consumers and customers seeking relatively premium bakery and snack products. The company has a strong presence in North India, particularly Uttar Pradesh and Bihar, which contributed over 99% of its revenue in FY25 and operates two manufacturing facilities in Gorakhpur, Uttar Pradesh, with a distribution network of over 2,000 distributors supported by 35 delivery vehicles.
Crazy Snacks reported a total income of ₹111.63 crore in FY25 with a profit after tax of ₹6.33 crore. As reported by The Economic Times, for the nine months ended December 2025, the company posted revenue of ₹87.56 crore and a net profit of ₹6 crore. The company has shown consistent growth with revenue from operations increasing from ₹74.41 crore in FY22 to ₹89.12 crore in FY23 to ₹127.59 crore in FY24, while profit after tax grew from ₹2.11 crore in FY22 to ₹3.54 crore in FY23 to ₹5.31 crore in FY24. The basis of allotment is expected to be finalised on July 1, 2026, with refunds likely to be initiated and shares credited to successful bidders' demat accounts on July 2, 2026. The shares are expected to be listed on the BSE SME platform on July 3, 2026.
