Crazy Snacks IPO
Crazy Snacks LtdSME
This IPO has listed.
- Open date
- 25 Jun 2026
- Close date
- 30 Jun 2026
- Min. Investment
- ₹2,52,000
- Lot Size
- -
- Fresh Issue
- ₹25.20 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- -
Subscription rate
- Qualified Institutional Buyers4.75x
- Non-Institutional Investors1.07x
- Retail-Individual Investors1.26x
- Total1.20x
Schedule
- Completed: IPO open date25 Jun 2026
- Completed: IPO close date30 Jun 2026
- Completed: Allotment date1 Jul 2026
- Completed: Funds unblock or debit2 Jul 2026
- Completed: Tentative listing date3 Jul 2026
About
Promoter shareholding in Crazy Snacks Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Navin Kumar Agarwal | 1,26,15,505 | 70.33% | 1,11,20,505 | 46.46% |
| Upma Agrawal | 8,30,130 | 4.62% | 8,30,130 | 3.47% |
| Tanya Agrawal | 1,050 | 0.01% | 1,050 | 0.00% |
| Prakhar Navin Agrawal | 1,050 | 0.01% | 1,050 | 0.00% |
| Asha Agrawal | 100 | 0.00% | 100 | 0.00% |
| Navin K Agrawal | 2,10,000 | 1.17% | 2,10,000 | 0.88% |
Financials of Crazy Snacks IPO
| Key Performance Indicators | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|
| Operating Revenue | - | - | - |
| Other Income | - | - | - |
| Total Income | 74.41 | 89.13 | 127.59 |
| Total Expenses | 75.38 | 84.42 | 122.13 |
| Profit Before Tax | - | - | - |
| Total Profit | 2.11 | 3.54 | 5.32 |
Crazy Snacks IPO Strengths & Risks
- Diverse Product Portfolio.
- Inclusive Offerings across all price segments.
- Innovative Recipes and Flavours.
- Inhouse Packaging and Distribution.
- Risks Relating to the Business: Our business is dependent on and will continue to depend on our Manufacturing Facilities, and we are subject to certain risks in our manufacturing process due to the usage of machinery in our manufacturing operations. Any slowdown or shutdown in our manufacturing facilities or strikes or work stoppages could have an adverse effect on our business, cash flows, financial condition and results of operations.
- Risks Relating to the Business: We are significantly dependent on the sale of our products namely Rusk, Breads and Buns. Our aggregate revenue from sale of our major selling products accounted for Rs. 7,675.62 lakhs, Rs. 9,567.73 lakhs, Rs. 10,833.12 lakhs, Rs. 6,829.29 lakhs of our revenue from operations for the period ended December 31, 2025 and for the period ended for Fiscal 2025, 2024, 2023 respectively. An inability to anticipate and adapt to evolving consumer tastes, preferences and demand for particular products, or ensure product quality may adversely impact demand for our products, brand loyalty and consequently our business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The majority of our product sales is concentrated in the regions namely, Uttar Pradesh and Bihar. For the period ended for December 31, 2025 and for the Fiscal 2025, 2024 and 2023 our revenue from sale of products in Uttar Pradesh and Bihar accounted for 99.90%, 99.16%, 97.47% and 96.32%of our revenue from operations, respectively any adverse developments affecting our operations in these regions could have an adverse impact on our business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: Our cost of materials consumed accounted for 52.35% , 55.76%, 60.84% and 61.62% of our revenue from operations for the period ended for December 31, 2025 and for the Fiscal 2025, 2024 and 2023 respectively. Inadequate or interrupted supply and price fluctuation of our raw materials and packaging materials could adversely affect our business, results of operations, cash flows and financial condition.
- Risks Relating to the Business: We operate in a competitive market with both organized and unorganized players, which may increase competition and have a material adverse effect on our business, financial condition and results of operations.
- Risks Relating to the Business: A significant portion of our revenue is derived from a limited number of customers and repeat orders. The loss of, or a substantial reduction in, these repeat orders could have a negative impact on our business, operational performance, financial condition, and cash flows.
- Risks Relating to the Business: If we fail to manage our growth effectively, we may be unable to execute our business plan our business, results of operations, cash flows and financial condition could be adversely affected.
- Risks Relating to the Business: We are measured against high quality standards and stringent performance requirements by our customers. Any failure to meet these standards or requirements could result in the cancellation of current and future orders, product recalls, or liquidated damages. Such events could significantly harm our reputation, business operations, financial condition, and cash flows.
- Risks Relating to the Business: We have not yet placed orders in relation to any of the capital expenditure to be incurred for the purchase of equipment / machinery and infrastructure enhancement. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment / machinery or other materials in a timely manner, or at all, may result in time and cost overruns and our business, prospects and results of operations may be adversely affected.
- Risks Relating to the Business: Our Promoters and Directors have interests in entities which are in businesses similar to ours and this may result in potential conflict of interest with us.
- Risks Relating to the Business: Our Promoters have provided personal guarantees for loans availed by us.
- Risks Relating to the Business: Our products are semi-perishable in nature and the average shelf life of our products ranges from three to six months. Inaccurate demand forecasting for our semi-perishable product can result in excess inventory and waste which, in turn, could have an adverse effect on our business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: Some of our manufacturing facilities and Registered Office are not located on land owned by us and we have only leasehold rights. In the event we lose or are unable to renew such leasehold rights, our business, results of operations, financial condition and cash flows may be adversely affected.
- Risks Relating to the Business: There have been instances of incorrect filings with and there have been instances in the past where we were unable to trace some corporate records, and there were certain instances of discrepancies in relation to certain statutory filings and corporate records of our Company.
- Risks Relating to the Business: We have outstanding litigation against us, an adverse outcome of which may adversely affect our business, reputation and results of operations.
- Risks Relating to the Business: After the completion of the Offer, our Promoters will continue to collectively hold a majority of the shareholding in our Company, allowing them to exercise significant influence and control over our operations, which may result in their interests differing from those of our other shareholders.
- Risks Relating to the Business: Our business is dependent on our distribution network and a majority of our revenue from operations is generated from the distributors from Uttar Pradesh and Bihar. An inability to expand or effectively manage our distributor network, or any disruptions in our distribution network may have an adverse effect on our business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: There have been some instances of delays filing of statutory forms and regulatory dues in the past with the various government authorities.
- Risks Relating to the Business: We are dependent on the sale of small pack SKUs for our revenues. Revenue from sale of SKUs available at Rs.2 - Rs.5 accounted for 26.01%, 25.85%, 24.22% and 21.76% of our revenue from operations for the period ending on Dec 31, 2025 and for Fiscal 2025, 2024 and 2023 respectively. Any significant increase in the cost of raw materials, packaging, or other commodities used in the production of these SKUs may lead to inflationary pressures and our inability to either increase the prices of our SKUs or reduce the weight may have an adverse effect on our business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: We have in the past entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the equity shareholders.
- Risks Relating to the Business: Our success depends heavily upon our individual Promoters, Directors, KMPs and SMPs for their continuing services, strategic guidance, and financial support????
- Risks Relating to the Business: Information relating to the installed production capacity and capacity utilization of our manufacturing unit included in this Red Herring Prospectus are based on various assumptions and estimates and future production and capacity may vary.
- Risks Relating to the Business: An inability to comply with food safety laws, environmental laws and other applicable regulations in relation to our manufacturing facilities may adversely affect our business, results of operations, financial condition and cash flows????
- Risks Relating to the Business: The trademarks being used by us for our business are not registered and our inability to obtain this registration may adversely affect our competitive business position. Our inability to protect or use our intellectual property rights may adversely affect our business.
- Risks Relating to the Business: Our dependence on Rusk as a key product, which is manufactured by both our Company and our Subsidiary, may lead to potential operational overlaps, inefficiencies, or internal competition.
- Risks Relating to the Business: Our Company has unsecured loans with a total outstanding amount of ? 3,386.51 Lakhs as of May 31, 2026, that may be recalled by the lenders at any time.
- Risks Relating to the Business: We have issued Equity Shares during the last one year at a price that may be below the Issue Price.
- Risks Relating to the Business: Our operations are labor-intensive, and may be adversely affected by work stoppages, increased labor costs, such as wage demands or minimum wage increases, or challenges in engaging new employees on commercially attractive terms, which could negatively impact our business and results of operations.
- Risks Relating to the Business: The average cost of acquisition of Equity Shares for our Promoters may be lower than the Issue Price.
- Risks Relating to the Business: Our inability to collect receivables and defaults in payment from our customers could result in the reduction of our profits and affect our cash flows.
- Risks Relating to the Business: The company require several approvals, licenses, registrations, and permits to operate its business and must comply with various rules, regulations, and conditions. Failure to obtain, retain, or renew such approvals, licenses, and permits in a timely manner, or to comply with the requisite rules and regulations, may adversely affect its business, results of operations, financial condition, and cash flows.
- Risks Relating to the Business: The Company's management will has flexibility in utilizing the net proceeds from the Issue and the deployment of the net proceeds from the Issue is subject to monitoring by any independent agency.
- Risks Relating to the Business: Any downtime for maintenance and repair of the company machinery/equipment could lead to business interruptions that could be expensive and harmful to its reputation and to the company business.
- Risks Relating to the Business: A shortage or unavailability of electricity, fuel, or labor could disrupt the company manufacturing operations and adversely impact its business, operational performance, and financial condition.
- Risks Relating to the Business: The company insurance coverage may not adequately protect it against potential risks, leading to uninsured losses or losses exceeding the company coverage, which could has a material adverse effect on its business.
- Risks Relating to the Business: Objects of the Fresh Issue for which the funds are being raised has not been appraised by any bank or financial institution and any variation in the utilization of the company Net Proceeds as disclosed in this Red Herring Prospectus would be subject to certain compliance requirements, including prior shareholders' approval. The company has not identified any alternate source of funding and hence any failure or delay on its part to raise money from this Issue may delay in the implementation schedule and could adversely affect the company growth plans.
- Risks Relating to the Business: The company employees may engage in misconduct or other improper activities, including non-compliance with regulatory standards and requirements.
- Risks Relating to the Business: The COVID-19 pandemic impacted its business and operations. Future similar events may has an adverse effect on the company business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The requirements of being a listed company may strain its resources.
- Risks Relating to the Business: Its may require additional equity or debt in the future in order to continue to grow the company business, which may not be available on favorable terms or at all.
- Risks Relating to the Business: Its ability to pay dividends in the future will depend upon future earnings, financial condition, cash flows, working capital requirements, and capital expenditures.
- Risks Relating to the Business: The company Equity Shares has never been publicly traded, and after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the Issue Price may not be indicative of the market price of the Equity Shares after the Issue
- Risks Relating to the Business: There are restrictions on daily weekly monthly movement in the price of the equity shares, which may adversely affect the shareholder's ability to sell for the price at which it can sell, equity shares at a particular point in time.
- Risks Relating to the Business: The company has not independently verified certain data in this Red Herring Prospect it.
- Risks Relating to the Business: QIB and Non-Institutional Investors are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid.
- Risks Relating to the Business: Investors will not be able to sell immediately on an Indian stock exchange any of the Equity Shares they purchase in the Issue.
- Risks Relating to the Business: Any future issuance of Equity Shares may dilute the shareholding of the Investors, or any sale of Equity Shares by its Promoter or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
- Risks Relating to the Business: An inability to maintain or enhance the popularity of its brands "Crazy", "BAKEDGOLD" and "bity" may adversely impact the company business, results of operations, financial condition and cash flows.
