Crazy Snacks Ltd IPO
FMCG
Price Band
₹39 – ₹42
Lot Size
3000
Minimum Bid Quantity
6000
Minimum Investment
₹252000
Issue Size
₹31.47Cr
Opens
2026-06-25
Closes
2026-06-30
Listing
03-07-2026
Subscription Status
Qualified Institutional Buyers
4.75 x
Non-Institutional Investor
1.07 x
Retail Individual Investor
1.26 x
Total
1.2 x
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE0RBX01014
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Crazy Snacks Limited is engaged in the manufacturing and sale of bakery products and snack foods. The company’s product portfolio includes bread, buns, cakes, rusks, namkeen, chips, popcorn, and potato sticks, with products offered under the brands Crazy, Bity, and Baked Gold. As of the prospectus date, the company offers around 150 bakery products and, through its subsidiary Crazy Bakery Udyog Private Limited, around 147 snack products across different price ranges. The company primarily operates in the states of Uttar Pradesh and Bihar. It has two manufacturing facilities and distributes its products across North India. The company’s distribution operations are supported by a fleet of 35 vehicles, enabling the supply of bakery and snack products to both urban and rural markets.
Pros
- • 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.
- • Crazy Snacks operates across a wide pricing spectrum, with products priced between Rs 2 and Rs 170. This allows the company to serve both value-conscious consumers and customers seeking relatively premium bakery and snack products.
- • The company is ISO 22000:2018 certified for food safety management systems and also holds FSSAI and Legal Metrology registrations. These certifications and registrations indicate compliance with recognised food safety, packaging, and labelling standards.
Cons
- • The company is significantly dependent on a few product categories for its revenue. Sales of rusks, breads, and buns contributed Rs 17.66 crore (67.94%), Rs 108.36 crore (84.91%), Rs 68.29 crore (76.62%), and Rs 68.68 crore (92.30%) of revenue from operations for the period ended June 30, 2024, and FY24, FY23, and FY22, respectively. Any decline in demand for these products, changes in consumer preferences, or a shift towards healthier snacking alternatives could adversely affect the company's revenue and profitability.
- • The company's business is highly concentrated in Uttar Pradesh and Bihar. Revenue from these two states stood at Rs 25.41 crore (97.79%), Rs 124.36 crore (97.47%), Rs 85.84 crore (96.32%), and Rs 69.51 crore (93.41%) of revenue from operations for the period ended June 30, 2024, and FY24, FY23, and FY22, respectively. Any adverse economic, regulatory, political, or weather-related developments in these regions could materially affect the company's business and financial performance.
- • Raw material costs constitute a significant portion of the company's expenses. Cost of materials consumed stood at Rs 14.59 crore (56.14%), Rs 77.63 crore (60.84%), Rs 54.92 crore (61.62%), and Rs 55.02 crore (73.94%) of revenue from operations for the period ended June 30, 2024, and FY24, FY23, and FY22, respectively. Any increase in the prices of key inputs such as flour, sugar, edible oil, milk products, or packaging materials may adversely affect margins and profitability.
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