IPO

Prataap Snacks Ltd

Public issue of up to 5,137,966 equity shares of face value of Rs. 5 each (the "equity shares") of Prataap Snacks Limited (the "company") for Cash at a price of Rs. 938* per equity share (including a share premium of Rs. 933 per equity share) aggregating up to Rs. 481.56^ Crores (the "issue") consisting of a fresh issue of 2,132,196^ equity shares aggregating up to Rs. 199.84^ Crores** and an offer for sale of up to 3,005,770 Equity shares including up to 369,451 equity shares by Sequoia Capital GFIV Mauritius Investments ("SCG") and up to 94,266 equity shares by Sequoia Capital India Growth Investment Holdings I ("SCI-GIH") (collectively referred to as the "investor selling shareholders"), up to 1,317,093 equity shares by sci growth investments ii ("sci"), up to 183,740 equity shares by Arvind Mehta, up to 139,200 equity shares by Naveen Mehta, up to 139,200 equity shares by arun mehta, up to 361,920 equity shares by Rajesh Mehta, up to 66,820 equity shares by Kanta mehta, up to 77,950 equity shares by Premlata Kumat, up to 22,270 equity shares by Swati Bapna, up to 116,930 equity shares by Apoorva Kumat and up to 116,930 equity shares by Amit Kumat (together, the "promoter selling shareholders", and together with the investor selling Shareholders, the "selling shareholders"). The issue includes a reservation of up to 42,000 equity shares aggregating to Rs. 3.56 Crores For subscription by eligible employees (as defined herein) ("employee reservation portion"). The issue less employee reservation Portion is referred to as the "net issue". The issue and the net issue will constitute 21.91% and 21.73% respectively, of the post issue paidup Equity share capital of the company. The face value of equity shares is Rs. 5 each. The offer price is Rs. 938 per equity share and is 187.60 times the face value of the equity shares. * employee discount of Rs. 90 per equity share to the issue price was offered to the eligible employees bidding in the employee reservation portion. **the company has undertaken a private placement of 533,000 equity shares for a cash consideration of Rs. 50 Crores ("pre-ipo"). The size of the fresh issue as disclosed in the draft red herring Prospectus dated june 21, 2017 being Rs. 250 Crores has been reduced accordingly. ^ subject to finalisation of the basis of allotment
Issue
Opens On Closes On
22-Sep-17 26-Sep-17
Money Payable On
Application Allotment
938.00 0.00
Minimum Application for shares in Nos : 15 Further Multiples of : 15
Cr Lead Managers to the Issue
Project Cost (.Cr) 186.17 Edelweiss Financial Services Ltd
Project Financed through Current Offer (.Cr) 481.56  
Post Issue Equity Share Capital (.Cr) 11.73
Issue Price () 938.00
Projects
Repayment/pre-payment, in full or part of certain borrowings availed by the company
Funding capital expenditure requirements in relation to expansion (incl through setting up of a new prod. line & construction of a Building) and Modernisation at certain of the existing manufacturing facilities)
Investment in subsidiary, Pure N Sure for repayment/pre-payment of certain borrowings availed by the subsidiary
Marketing and brand building activities
General corporate purposes
Promoted By
Amit Kumat
Arvind Mehta
Apoorva Kumat
Listing At
BSE
NSE
Registrar to the Issue
Karvy Computershare Pvt Ltd