Chatha Foods Limited IPO Detail
Incorporated in 1997, Chatha Foods Limited (CFL) is a frozen food processor. The company offers frozen food products to top QSRs (Quick Serving Restaurants), CDRs (Casual Dining Restaurants), and other players in the HoReCa (Hotel-Restaurant-Catering) segment. Chatha Foods' product portfolio includes Chicken Appetizers, Meat Patties, Chicken Sausages, Sliced Meat, Toppings & Fillers and more. The company produces more than 70 meat products.
The company sells products under the brand Chatha Foods and distributes through the network of 29 distributors covering 32 cities across India and catering to the needs of 126 mid-segment & standalone small QSR brands.
Chatha Foods Limited has a Manufacturing Facility, located in District Mohali, with a production capacity of approximately 7,839 MT for all the frozen food products.
The company is serving top QSRs, CDRs and other players in the Hotel-Restaurant-Catering segment like Domino's & Subway's India franchise, Café Coffee Day, Wok Express, etc.
Negen Undiscovered Value Fund invested in the Company in 2023 and holds a 10% stake. The company has 284 employees in fiscal year 2023.
Company Promoters
Paramjit Singh Chatha, Gurpreet Chatha, Gurcharan Singh Gosal and Anmoldeep SinghIPO Details
| IPO Opening Date | Mar 19, 2024 |
| IPO Closing Date | Mar 21, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹53 - 56 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹34.00 Cr |
| Fresh Issue | ₹34.00 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.87x | 0.00x | 0.00x | 1.84x | 1.40x | 1.34x |
| Day 2 | 0.87x | 0.00x | 0.00x | 2.18x | 3.49x | 2.46x |
| Day 3 | 8.54x | 0.00x | 0.00x | 44.52x | 14.60x | 19.28x |
IPO Tentative Timetable
The Chatha Foods Limited IPO open date is Mar 19, 2024, and the close date is Mar 21, 2024. The issue may list on Mar 27, 2024.
| IPO Open Date | Mar 19, 2024 |
| IPO Close Date | Mar 21, 2024 |
| Basis of Allotment Date | Mar 26, 2024 |
| Initiation of Refunds | Mar 27, 2024 |
| Credit of Shares to Demat Account | Mar 27, 2024 |
| IPO Listing Date | Mar 27, 2024 |
IPO Lot Size
The Chatha Foods Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹112000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹112000 |
| Maximum | 1 | 2000 | ₹112000 |
IPO Promoter Holding
| Pre Issue Share Holding | 81.36% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 4330.28 | 6119.03 | -400.35 |
| 31-Mar-22 | 4830.31 | 8740.31 | 67.24 |
| 31-Mar-23 | 5141.94 | 11724.23 | 245.20 |
| 30-Sep-23 | 5827.62 | 7078.03 | 341.04 |
Objects of the Issue:
The net proceeds of the Issue, i.e. gross proceeds of the Issue less the Issue related expenses ("Net Proceeds") are proposed to be utilised for the following objects:
1. Setting up the Proposed Manufacturing Unit
2. General Corporate Purposes
Chatha Foods Limited IPO Registrar:
Skyline Financial Services Private Ltd
Chatha Foods Limited IPO Lead Manager(s):
Indorient Financial Services Ltd
Company Contact Information:
Chatha Foods Limited
272, Mota Singh Nagar,
Jalandhar – 144 001
Punjab, India
