Prataap Snacks’s issue was in a price band of Rs930-938 per share. Photo: Hemant Mishra/Mint
New Delhi: Prataap Snacks Ltd, whose initial share sale offer received robust investor demand last week, will list its shares on bourses on Thursday.
The Rs482-crore initial public offer (IPO) was oversubscribed 47.39 times during 22-26 September. The qualified institutional buyers (QIBs) portion was oversubscribed 76.89 times, non-institutional investors 101.15 times and retail investors 8.48 times, according to NSE data.
The issue was in a price band of Rs930-938 per share. The company, which makes products under the ‘Yellow Diamond’ brand, aims to use the proceeds to expand capacity, marketing and brand building activities and retire the debt on its books. Edelweiss, JM Financial and Spark Capital were managing the issue.