Crazy Snacks IPO day 1: GMP, subscription status, price band, other details of BSE SME IPO

Crazy Snacks, a manufacturer of chips, popcorn, and potato sticks, opened its BSE SME IPO on 25 June aiming to raise about ₹25 crore through a fresh issue of 60 lakh shares at a price band of ₹39-42. The company reported a profit of ₹6.33 crore in FY25 and ₹6 crore in FY26 till 31 December, while the grey market premium was nil, suggesting a likely par listing. By 1 pm on day 1, the issue was subscribed only 0.07 times, with retail portion at 0.03 times and NII at 0.11 times, indicating weak initial investor interest.