Prataap Snacks

The fall in the Prataap Snacks share price came after the company announced that a fire accident took place on December 30, 2024 at one of its manufacturing unit situated in Jammu

Authum Investment's board approved the 42.31 per cent acquisition of Prataap Snacks

Acquire 46.85% for Rs 846 cr; deal triggers open offer

Authum Investment will acquire 42.31 per cent and Mahi Madhusudan Kela 4.54 per cent of the voting share capital in Prataap Snacks.

Prataap Snacks surged 4 per cent in early deals on Thursday as reports said Haldiram's is eyeing a 51 per cent stake in the company

The talks are at an early stage and a valuation has not been discussed, though it could be at a premium to Prataap's stock price

On Monday, as many as 1.61 million shares representing 6.8 per cent of total equity of Prataap Snacks changed hands on the NSE, the exchange data shows.

The IPO closes on Tuesday

Share offer saw huge demand despite concerns over weakness in secondary market, pricing of shares

The issue is in a price band of Rs 930-938 per share

Prataap Snacks last week garnered a little over Rs 143 crore from anchor investors

Ahead of IPO, Prataap Snacks raised Rs 143.40 crore by selling 15.28 lakh shares to a total of 15 anchor investors

Shares to be offered at a price band of Rs 930-938 until Sept 26

Among the top 10 fastest growing consumer brands in the country, Yellow Diamond leverages the growing preference for local flavours in the snacks market

The stock soared 10% to Rs 1,404 on the BSE in intra-day trade, appreciated 50% against issue price of Rs 938 per share

Prataap Snacks listed at Rs 1,270, a 35% premium against its IPO price of Rs 938 per share on the NSE

Prataap Snacks listed at Rs 1,270, a 35% premium against its IPO price of Rs 938 per share on the NSE.

The Rs 482-crore initial public offer was oversubscribed 47.39 times during Sept 22-26