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Prataap Snacks Limited for the IPO PC

Prataap Snacks Limited for the IPO PC

Mumbai -Kabir Ali
Prataap Snacks Ltd, which sells potato crisps and a variety of savouries under the brand name Yellow Diamond, on Friday said it will launch its initial public offering (IPO) on 22 September.
At the upper end of its price band of Rs930-938, the share sale will raise around Rs482 crore. The IPO will close on 26 September.
The IPO will see a fresh issue of Rs200 crore. The proceeds from the fresh issue will be used by the company for repaying borrowings, funding capital expenditure requirements for setting up new production lines, modernization of existing manufacturing facilities, and investment in subsidiary Pure N Sure, and marketing and brand-building activities.