Crazy Snacks closes SME IPO at 1.20x; allotment finalised, listing eyed 3 July
Crazy Snacks' BSE SME IPO scraped through at 1.20x subscription, led by QIB (~5x) and retail (~1.3x). The ₹25.20 crore issue was priced at ₹39-₹42, comprising a 60 lakh-share fresh issue and 15 lakh-share OFS. Proceeds fund equipment, machinery and facility upgrades. Nil GMP signals a flat listing near ₹42.
Crazy Snacks, a food/snacks maker, completed its BSE SME IPO with 1.20x subscription. Allotment finalised 1 July, listing 3 July. Proceeds fund equipment, machinery, facility upgrade. GMP nil suggests par listing at ₹42.
Why this matters
After opening to muted 0.07x demand on Day 1 with nil GMP, Crazy Snacks scraped through to 1.20x by close, propped up by QIB interest. Weak sentiment persists into a flat listing.
Retail-company signals accelerating at +465800% QoQ.