Crazy Snacks Ltd IPO

About Crazy Snacks Ltd

Our Company was originally incorporated as Crazy Snacks Private Limited on December 13, 1995, as a private limited company under the provisions of the Companies Act, 1956, pursuant to Certificate of Incorporation issued by Registrar of Companies, Kanpur. Our Company was converted into a public limited company pursuant to shareholders resolution passed at the extra-ordinary general meeting of our Company held on April 19, 2024, and the name of our Company was changed to Crazy Snacks Limited, and a Fresh Certificate of Incorporation dated July 10, 2024, was issued by the Registrar of Companies, CPC. The Corporate Identification Number of our Company is U51224UP1995PLC019164.

As of 2024, revenue in the food market amounts to $10.07 trillion, with the market expected to grow at a compound annual growth rate (CAGR) of 6.53 % annually through 2028. The food market's largest segment is confectionery & snacks, with a market volume of $1.77 trillion. The value of the supermarket industry surged at a compound annual growth rate (CAGR) of 8.3% to grow from $1.635 trillion in 2023 to $1.769 trillion in 2024. This growth can be attributed to shifts in consumer behaviours, growing urbanization, increasing disposable incomes, and more emphasis on convenience and private-label products. Further development forecasts will push the market to reach $2.405 trillion by 2028, staying on pace with a consistent CAGR of 8%.

The Company, Crazy Snacks Limited offers a wide range of bakery products to meet the everyday needs of Indian consumers. Our portfolio includes bread, buns, cakes, and rusks, with 150 products priced between Rs. 2.00 and Rs. 170.00. We focus on providing affordable, high-quality options that cater to different tastes, making our products a reliable choice for households. Our rusks, produced under both Crazy Snacks and Crazy Bakery Udyog, are a key part of our range, offering a convenient snack for customers. In our subsidiary, Crazy Bakery Udyog Private Limited, we specialise in a variety of snacks, including namkeen, chips, popcorn, and potato sticks, with 147 products priced between Rs. 2.00 and Rs. 150.00. We aim to offer snacks that blend traditional and new flavours to suit different preferences. With a strong presence in North India, we ensure our products are widely available to meet the snacking needs of customers. We primarily operate in Uttar Pradesh and Bihar, which together account for nearly 97 % of our consolidated revenue from operations in FY 2024, highlighting their importance to our business. Our two manufacturing facilities are strategically located to serve customers effectively across these regions. Our extensive distribution network consisting of more than 1795 distributors helps us in covering urban and rural areas of North India extensively.

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