At Rs 1,178.30 on BSE
Shares of Prataap Snacks settled at Rs 1,178.30 on BSE, a premium of 25.62% over the issue price of Rs 938 on its debut on the stock exchanges today, 5 October 2017.
Meanwhile, the S&P BSE Sensex fell 79.68 points or 0.25% to end at 31,592.03.
The stock opened at Rs 1,250, a premium of 33.26% over the issue price. The stock had hit a high of Rs 1,317.05 and a low of Rs 1,137 in intraday trade. On the BSE, 17.86 lakh shares were traded on the counter.
The initial public offer (IPO) of Prataap Snacks received spectacular response from investors. The IPO was oversubscribed 47.39 times.
Prataap Snacks makes potato chips and a variety of savouries under the brand name Yellow Diamond. It also plans to expand into confectionaries and health snacks.
On a consolidated basis, Prataap Snacks' net profit fell 63.9% to Rs 9.89 crore on 19.4% growth in net sales to Rs 903.92 crore in FY 2017 over FY 2016.
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