Prataap Snacks Ltd. share price target

Funding capital expenditure requirements in relation to expansion (including through setting up of a new production line and construction of a building) and modernisation at certain of the company's existing manufacturing facilities (Rs. 67.0 cr.); Investment in Subsidiary, Pure N Sure, towards enabling the repayment /...

Prataap Snacks Ltd. (PSL) is one of the top six Indian snack food companies in terms of revenues in 2016, and among the fastest growing companies in the Indian organized snack market. Of the net proceeds from fresh issue, around Rs. 130mn will be utilized to repayment/pre-payment in full or part of certain borrowings availed by it; Rs. 670mn will be used to fund the capital expenditure requirements; around 294mn would be invested in the fully owned subsidiary company and Rs. 400mn will be utilized for...

IPO Note - Prataap Snacks Limited Issue Open: Sept 22 - Sept 26, 2017, Price Band: Rs. 930 - 938 (A discount of Rs 90 is offered to eligible employees) Issue Size: *51,37,966 Equity Shares (including *Fresh issue of 21,32,196 Equity Shares + Offer for sale 30,05,770 equity shares)

Pratap Snacks Ltd. (PSL) is one of the India's fastest growing Indian snack food companies. PSL has a PAN India presence offering diversified snack portfolio which includes Extruded snack, Chips and Namkeen. Company owns and operates under the brand Yellow Diamond. PSL's revenue has grown at a CAGR of ~27% over FY13-17. PSL is coming with an IPO of about `482cr. out of which `200cr. is the fresh issue and remaining OFS. The post Issue market capitalisation is expected to be `~2200cr. We recommend SUBSCRIBE on the issue for long term as well...

Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects: Repayment/pre-payment, in full or part, of certain borrowings availed by the Company; Funding capital expenditure requirements in relation to...

IPO NOTE

ICICI Securities Ltd | Retail Equity Research Incorporated in 2009, Prataap Snacks is an Indore, Madhya Pradesh, based Indian food company, which sells its products under brand name Yellow Diamond. It is among the top six players in the | 22000 crore Indian organised snacks market with a 4% market share. The company sells its products under three categories a) extruded snacks b) chips and c) namkeen. In FY17, these aforesaid categories contributed 63.0%, 23.9% and 12.2% to revenue, respectively. As of June 30, 2017, the...

Prataap Snacks is one of the top snack food companies in India and with 27% revenue CAGR between FY13-FY17, it is also one of the fastest growing companies in its sector. It has three product lines i.e. Extruded Snacks, Chips and Namkeen and has brands such as Chulbule and Yellow Diamond. It has 3 manufacturing facilities, 218 distributor..