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Prataap Snacks IPO opens today

Fri, Sep 22 2017, 01:15 PM

The initial public offering (IPO) of Prataap Snacks, which makes snacks and savouries under the brand name Yellow Diamond, opens today. On Thursday, the company allotted shares worth Rs 143 crore to 15 institutional investors as part of its anchor book allocation. In the last five years, the company has recorded strong revenue growth, but net profit has been erratic and on wafer-thin margins.