Crazy Snacks IPO

About Crazy Snacks IPO

The public issue of the Crazy Snacks IPO, an SME IPO, opens on Thursday, June 25, 2026 and closes on Tuesday, June 30, 2026. The allotment of shares will take place on Wednesday, July 1, 2026. The credit of shares to the demat account will take place on Thursday, July 2, 2026. The initiation of refunds will take place on Thursday, July 2, 2026. The listing of shares will take place on Friday, July 3, 2026.

The offer consists of both a fresh issue and an offer for sale component. The fresh issue will include 0.60 crore shares aggregating to ₹25.20 crores. The offer for sale portion includes 0.15 crore shares aggregating to ₹6.28 crores. The total number of shares and aggregate amount are 74,94,000 shares aggregating up to ₹31 crores.

Crazy Snacks IPO’s price band is set at ₹39 to ₹42 per share. The lot size for an application is 3,000 shares. The minimum amount of investment required by a retail investor is ₹2,52,000 (6,000 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (9,000 shares), amounting to ₹3,78,000.

Crazy Snacks Limited manufactures bakery products and a wide assortment of snack items, such as namkeens, chips, popcorn, and potato sticks.

Objectives of Crazy Snacks IPO

• Funding capital expenditure requirements towards the purchase of machinery, equipment, and infrastructure enhancement at their existing manufacturing facility.
  
• Repayment and/or prepayment, in part or full, of certain borrowings availed by the company.
  
• General corporate purposes.
  

Industry Outlook

As of 2024, revenue in the food market amounted to $1,007,000 crores, with the market expected to grow at a compound annual growth rate (CAGR) of 6.53% annually through 2028. The largest segment of the food market is confectionery and snacks, with a market volume of $1,77,00,000 crores. The value of the supermarket industry surged at a CAGR of 8.3%, growing from $163,500 crores in 2023 to $1,76,90,000 crores in 2024.

This growth can be attributed to shifts in consumer behaviour, increasing urbanisation, rising disposable incomes, and a stronger emphasis on convenience and private-label products. Further forecasts suggest the market will reach $2,40,50,000 crores by 2028, maintaining a consistent CAGR of 8%.

About Crazy Snacks

Crazy Snacks offers a wide range of bakery products to meet the everyday needs of Indian consumers. Their portfolio includes bread, buns, cakes, and rusks, with 150 products priced between ₹2 and ₹170. They focus on providing affordable, high-quality options that cater to different tastes, making their products a reliable choice for households.

Their rusks, produced under both Crazy Snacks and Crazy Bakery Udyog, are a key part of their range, offering a convenient snack for customers. In their subsidiary, Crazy Bakery Udyog Private Limited, they specialise in a variety of snacks, including namkeen, chips, popcorn, and potato sticks, with 147 products priced between ₹2 and ₹150. They aim to offer snacks that blend traditional and contemporary flavours to suit different preferences. With a strong presence in North India, they ensure their products are widely available to meet the snacking needs of customers.

Strengths of Crazy Snacks

• Diverse product portfolio.
  
• Quality control.
  
• Inclusive offerings across all price segments.
  
• Innovative recipes and flavours.
  
• In-house packaging and distribution.
  

Risks of Crazy Snacks

• Their business is dependent on and will continue to depend on their manufacturing facilities.
  
• They are significantly dependent on the sale of their products namely rusk, breads and buns.
  
• The majority of their product sales is concentrated in the regions namely, Uttar Pradesh and Bihar.
  
• Inadequate or interrupted supply and price fluctuation of their raw materials and packaging materials could adversely affect their business, etc.
  
• They operate in a competitive market with both organized and unorganized players, which may increase competition and have a material adverse effect on their business.
  

Source: All the financial information for listed industry peers mentioned above is on Consolidated basis as available sourced from the financial Reports of the peer company uploaded on the NSE/BSE website for the year ended March 31, 2024.

Notes: 1. P/E Ratio has been computed based on the closing market price of equity shares on the BSE website on December 2, 2024, divided by the Diluted EPS.

2. Net Profit after tax, as restated divided by Net-worth, as restated (Net worth include share capital and reserves and surplus)

3. NAV is computed as the closing net worth divided by the outstanding weighted average number of equity shares

Anchor Investor Bidding Date: June 24, 2026

Registrar Details
Kfin Technologies Ltd.
Email: csl.ipo@kfintech.com
Phone: 04067162222, 04079611000

Book Running Lead Manager
Inventure Merchant Banker Services Pvt.Ltd.

Crazy Snacks Contact Details
Shri Pramodaay Bhawan, 10 Park Road Officers, Residence Lane, Near Sahara Press Gorakhpur, Uttar Pradesh, 273001
Email: secretarial@crazy.org.in
Phone: +91 98380-76426

Crazy Snacks Business Model

The company earns its revenue through offering a wide range of bakery products to meet the everyday needs of Indian consumers.

Crazy Snacks Growth Trajectory

Crazy Snacks ’s Total Income for FY24 was ₹129.075 crores, whereas in FY23 and FY22 it was ₹89.168 crores and ₹77.971 crores, respectively.

The Profit After Tax for FY24 was ₹5.316 crores, whereas in FY23 and FY22 it was ₹3.541 crores and ₹2.114 crores, respectively.

Their EBITDA for FY24 was ₹14.288 crores, whereas in FY23 and FY22 it was ₹10.839 crores and ₹2.970 crores, respectively.

Crazy Snacks Market Position

They primarily operate in Uttar Pradesh and Bihar, which together account for nearly 97% of their consolidated revenue from operations in FY 2024, highlighting the importance of these regions to their business. Their two manufacturing facilities are strategically located to serve customers effectively across these areas.

Their extensive distribution network, comprising 999 distributors, enables them to cover both urban and rural areas of North India comprehensively. Additionally, this network, supported by a fleet of 35 vehicles, facilitates the timely and reliable delivery of their snacks and bakery products, helping to meet growing consumer demand.

As of 31 March 2024, the company’s Total Income, Profit After Tax, and EBITDA were ₹129.075 crores, ₹5.316 crores, and ₹14.288 crores, respectively.

How to apply for Crazy Snacks IPO?

• Step 1: Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.