Crazy Snacks IPO GMP today is Rs 2. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
CRAZYSNACK
Crazy Snacks
Crazy Snacks Limited is a food manufacturing company engaged in producing and distributing bakery and snack products. Its bakery portfolio includes bread, buns, rusks, cakes and cookies, while its snack range includes namkeen, chips, popcorn, fries and other snack products. The company operates through its own business and its subsidiary, Crazy Bakery Udyog Private Limited, offering a combined portfolio of over 290 products across different price points to cater to varied consumer preferences. The company generates revenue primarily through the sale of these products via an extensive distributor-led network spread across multiple states, with a strong presence in North India, particularly Uttar Pradesh and Bihar. It manufactures products using dedicated production processes for bakery and snack categories and focuses on quality control, packaging and distribution. The business is supported by a large and growing distribution network that helps ensure product availability across urban and rural markets.
IPO Details
Complete IPO information
| Current GMP | ₹2 |
|---|---|
| Estimated Listing Gain | +4.76% |
| Price Band | ₹39.00 - ₹42.00 |
| Issue Price | ₹42.00 |
| Listing Price | ₹44.00 |
| Lot Size | 3,000 Shares |
| Issue Type | SME |
| Issue Size | Approx ₹31.47 Cr |
| Registrar | TBA |
| Exchange | BSE SME |
| Retail Quota | TBA |
| Overall Subscription | 1.2x |
| Listing Date | 03 Jul 2026 |
| Minimum Investment | ₹2,52,000 |
Timeline
IPO roadmap at a glance
01
Bidding Opens
25 Jun 2026
02
Bidding Closes
30 Jun 2026
03
Allotment
01 Jul 2026
04
Listing
03 Jul 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 30 Jun 2026 | ₹0.00 | - | 0.00% |
| 26 Jun 2026 | ₹0.00 | - | 0.00% |
| 25 Jun 2026 | ₹0.00 | - | 0.00% |
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 6,000 | ₹2,52,000 |
| Retail Maximum | 2 Lot | 6,000 | ₹2,52,000 |
| S-HNI Minimum | 3 Lot | 9,000 | ₹3,78,000 |
| S-HNI Maximum | 7 Lot | 21,000 | ₹8,82,000 |
| B-HNI Minimum | 8 Lot | 24,000 | ₹10,08,000 |
Issue Notes
Important takeaways before applying
Strengths
- Experienced promoters and management team with deep industry knowledge and a proven track record.
- Asset-light business model supports growth without heavy investment in manufacturing assets.
- Scalable business model focused on efficient operations and expanding market reach.
- Wide product portfolio across bakery and snack categories catering to diverse consumer preferences.
- Large distribution network with over 2,200 distributors supporting market penetration.
Risks
- A significant portion of revenue comes from rusk, bread and bun products.
- Most sales are concentrated in Uttar Pradesh and Bihar, increasing geographic dependence.
- The business relies heavily on its distributor network for product sales and distribution.
- Products are semi-perishable, creating risks of inventory losses and wastage.
- Certain trademarks used by the company are not yet registered, which may affect brand protection.
Analysis
Crazy Snacks IPO Details
Crazy Snacks Limited is launching its Initial Public Offering (IPO) through the book-building process to raise capital for business expansion and future growth initiatives. The company operates in the snacks and food products segment and plans to utilize the funds raised for strengthening its operations and improving market presence.
The IPO consists of a combination of a fresh issue of equity shares and an Offer for Sale (OFS) by existing shareholders. The shares are proposed to be listed on the BSE SME platform, offering investors an opportunity to participate in the company's growth story.
| Particular | Details |
|---|---|
| Crazy Snacks IPO Open Date | June 25, 2026 |
| Crazy Snacks IPO Close Date | June 30, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹39 to ₹42 Per Share |
| Issue Size | Approx ₹31.47 Crores |
| Fresh Issue | Approx ₹25.20 Crores |
| Offer for Sale (OFS) | Approx 14,95,000 Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | BSE SME |
Analysis
Crazy Snacks IPO Reservation
Crazy Snacks IPO has reserved shares for various categories of investors in accordance with SME IPO regulations and applicable stock exchange guidelines. The allocation structure ensures participation opportunities for institutional investors, non-institutional investors, and retail investors.
The largest allocation has been reserved for Qualified Institutional Buyers (QIBs), followed by retail investors and Non-Institutional Investors (NIIs). The final allocation of shares will be subject to demand received during the subscription period.
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| Qualified Institutional Buyers (QIB) Excluding Anchor | – Shares | 50% |
| Non-Institutional Investors (NII) | – Shares | 15% |
| Retail Individual Investors (RII) | – Shares | 35% |
Analysis
Crazy Snacks IPO Dates
The Crazy Snacks IPO will open for subscription on June 25, 2026, and close on June 30, 2026. Investors can place their bids during the subscription window through supported brokerage and banking platforms.
Following the closure of the issue, the allotment process is expected to be completed on July 1, 2026. Shares allotted to successful applicants will be credited to their demat accounts before the company makes its debut on the BSE SME platform.
| IPO Activity | Date |
|---|---|
| Crazy Snacks IPO Open Date | June 25, 2026 |
| Crazy Snacks IPO Close Date | June 30, 2026 |
| Basis of Allotment | July 1, 2026 |
| Refund Initiation | July 2, 2026 |
| Credit of Shares to Demat Account | July 2, 2026 |
| Crazy Snacks IPO Listing Date | July 3, 2026 |
| IPO Bidding Cut-off Time | June 30, 2026 – 5:00 PM |
Analysis
Crazy Snacks IPO Promoters and Holding Pattern
Crazy Snacks Limited is promoted by Mr. Navin Kumar Agarwal and Mrs. Upma Agrawal. The promoters have been instrumental in establishing and expanding the company's operations in the snacks and food products segment and continue to play a significant role in the company's strategic direction and growth plans.
Prior to the public issue, the promoter group holds a majority stake in the company. Following the IPO, promoter shareholding is expected to be diluted due to the fresh issue of shares and offer for sale component, while the promoters are expected to continue retaining management control of the business.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 1,79,38,830 | 76.14% |
| Promoter Holding Post Issue | 2,39,37,830 | To be updated after completion of the IPO |
Analysis
Crazy Snacks IPO Objects of the Issue & Utilisation of Proceeds
Crazy Snacks Limited intends to utilize the proceeds from the fresh issue primarily for capacity expansion, modernization of its manufacturing infrastructure, and strengthening its financial position. The proposed investments are expected to improve production efficiency and support the company's future growth plans.
A portion of the IPO proceeds will also be used to reduce existing debt obligations, which may help lower finance costs and improve the company's overall balance sheet strength. The remaining amount will be utilized for general corporate purposes and business requirements.
| Purpose | Amount |
|---|---|
| Funding Capital Expenditure Requirements Towards Purchase of Machinery, Equipment 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 | ₹- |
Analysis
Crazy Snacks - About IPO
Crazy Snacks Limited, incorporated in 1995, is a food manufacturing company engaged in producing a wide range of bakery products and snacks. Its product portfolio includes namkeens, chips, popcorn, potato sticks, breads, buns, cakes, cookies, and rusks. The company aims to cater to diverse consumer tastes by offering products that combine traditional Indian flavors with modern snack preferences.
The company markets its products under three brands. The Crazy brand focuses on affordable snacks and bakery items, while Bity offers premium cakes, breads, and buns. Its Baked Gold brand caters to the premium segment with products such as cookies and rusks.
Overall, the company offers more than 140 products, with prices ranging from ₹2 to ₹150, allowing it to serve customers across different income groups.
Analysis
Crazy Snacks IPO Company Financial Report
Crazy Snacks Limited has delivered stable financial performance over the last few years with consistent profitability growth and an expanding asset base. The company operates in the packaged snacks segment and continues to strengthen its position through product diversification and wider market reach.
Revenue witnessed strong growth in FY2024, while profitability continued to improve in FY2025 and the period ended December 2025. The company's improving Profit After Tax (PAT) indicates better operational efficiency and stronger margins despite fluctuations in revenue growth.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹89.17 Cr. | ₹84.41 Cr. | ₹3.54 Cr. | ₹88.61 Cr. |
| 2024 | ₹129.08 Cr. | ₹121.88 Cr. | ₹5.32 Cr. | ₹85.90 Cr. |
| 2025 | ₹111.63 Cr. | ₹103.93 Cr. | ₹6.33 Cr. | ₹109.82 Cr. |
| December 2025 | ₹87.56 Cr. | ₹79.56 Cr. | ₹6.00 Cr. | ₹121.61 Cr. |
Analysis
Crazy Snacks IPO Valuation – FY2025
Investors generally analyze valuation metrics such as Earnings Per Share (EPS), Return on Equity (ROE), Return on Capital Employed (ROCE), Return on Net Worth (RoNW), and Net Asset Value (NAV) to assess the financial strength and valuation attractiveness of an IPO. These indicators help investors understand the company's profitability, operational efficiency, and shareholder returns.
Crazy Snacks Limited has reported healthy return ratios and positive earnings performance for FY2025. The company continues to generate profits while maintaining a manageable capital structure, although its debt levels remain relatively elevated compared to equity.
| KPI | Values |
|---|---|
| Return on Equity (ROE) | 18.61% |
| Return on Capital Employed (ROCE) | 12.31% |
| EBITDA Margin | N/A |
| PAT Margin | N/A |
| Debt to Equity Ratio | 1.72 |
| Earnings Per Share (EPS) | ₹3.53 (Basic) |
| Price / Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 17.26% |
| Net Asset Value (NAV) | ₹20.45 |
Analysis
Crazy Snacks IPO Peer Group Comparison
Peer group analysis helps investors compare Crazy Snacks Limited with other listed companies operating in the snacks and packaged food industry. Comparing financial indicators such as Earnings Per Share (EPS), Price-to-Earnings (P/E) ratio, Return on Net Worth (RoNW), Net Asset Value (NAV), and revenue provides a broader perspective on valuation and business performance.
Since complete financial metrics for some peer companies are currently unavailable, investors should consider additional factors such as market position, product portfolio, distribution network, and future growth potential while evaluating the IPO.
| Company | EPS | P/E Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Annapurna Swadisht Ltd | – | – | -% | – | – Cr. |
| Anjani Foods Ltd | – | – | -% | – | – Cr. |
Analysis
IPO Lead Managers aka Merchant Bankers
- Inventure Merchant Banker Services Pvt. Ltd.
FAQ
Crazy Snacks IPO FAQs
Crazy Snacks IPO price band is Rs 39.00 to Rs 42.00. Check the latest issue price, lot size and GMP together before applying.
Crazy Snacks IPO open date is 25 Jun 2026, close date is 30 Jun 2026, and listing date is 03 Jul 2026.
Crazy Snacks IPO lot size is 3,000 shares. The minimum retail investment is Rs 2,52,000.
Crazy Snacks is classified as a SME. This helps investors quickly understand the issue category and exchange segment.
Crazy Snacks IPO subscription status currently shows Retail 1.26x, QIB 4.75x, Overall 1.2x.
Crazy Snacks Limited is a food manufacturing company engaged in producing and distributing bakery and snack products. Its bakery portfolio includes bread, buns, rusks, cakes and cookies, while its snack range includes namkeen, chips, popcorn, fries and other snack products. The company operates through its own business and its subsidiary, Crazy Bakery Udyog Private Limited, offering a combined portfolio of over 290 products across different price points to cater to varied consumer preferences. The company generates revenue primarily through the sale of these products via an extensive distributor-led network spread across multiple states, with a strong presence in North India, particularly Uttar Pradesh and Bihar. It manufactures products using dedicated production processes for bakery and snack categories and focuses on quality control, packaging and distribution. The business is supported by a large and growing distribution network that helps ensure product availability across urban and rural markets.
Crazy Snacks IPO issue size is 31.47 and the expected allotment date is 01 Jul 2026.