Crazy Snacks IPO Listing: Shares rally 10% after debuting at 5% premium from issue price despite muted GMP

Crazy Snacks (Exports) Ltd. listed at around ₹44 apiece on the BSE SME platform, a premium of about 4.7% over its issue price of ₹42, and extended gains to hit the day's high of ₹46.20, up around 10% from the IPO price despite a muted grey market premium of zero. The ₹31.47 crore book-built IPO was subscribed 1.20 times overall, with the QIB portion booked 4.75 times and retail at 1.24 times. The company plans to use net proceeds towards capex on machinery at its existing manufacturing facility (around ₹9.92 crore), debt repayment (around ₹5.71 crore), general corporate purposes, and issue expenses.