Prathap Snacks' Journey and Rumors of Acquisition

Prathap Snacks experienced initial success with its IPO, but has since struggled. Rumors have circulated about a potential acquisition, with Hadi Rams being the favored buyer. Prathap Snacks focused on becoming the snack maker of choice for small towns in northern and western India, offering low-value packs that contributed to the majority of their revenue. They also expanded their product range to include ring snacks with toys from a popular cartoon show, which was a successful move. However, factors like inflation, rising raw material costs, and the need to branch out into higher-value packs impacted their profit margins. The motives behind Hadi Rams' interest in acquiring the company and the future of Prathap Snacks remain unclear.