Chatha Foods IPO Details ( Chatha Foods Limited IPO Review )
(19 Mar 2024 – 21 Mar 2024)
Chatha Foods Limited, established in 1997, specializes in making frozen foods. They supply frozen food items to popular fast-food chains, casual dining restaurants, and other businesses in the food service industry. Their range includes Chicken Appetizers, Meat Patties, Chicken Sausages, Sliced Meat, Toppings & Fillers, and more, totaling over 70 products.
They sell their products under the brand name Chatha Foods and distribute them through a network of 29 distributors, reaching 32 cities across India. They serve 126 mid-level and small stand-alone fast-food brands.
Their manufacturing facility, situated in District Mohali, has a capacity to produce around 7,839 metric tons of frozen food products.
Chatha Foods Limited caters to major fast-food chains, casual dining restaurants, and others in the food service industry such as Domino’s & Subway’s India franchise, Café Coffee Day, Wok Express, and more.
In 2023, Negen Undiscovered Value Fund invested in the company, holding a 10% stake. As of the fiscal year 2023, the company had a workforce of 284 employees.
Chatha Foods Limited Company Product
- Non-Vegetarian
- Chicken Wings, variety
- Burger Patties, variety
- Chicken Nuggets and Chicken Chips
- Kebabs
- Momos & Spring Rolls
- Fried Chicken, variety
- Salami, variety
- Sausage, variety
- Pizza Toppings & Sandwich fillings, variety
- Pepperoni
- Chicken Keema
- Vegetarian
- Snacks (Momos, Spring Rolls)
- Vegetarian Patties
- Vegetarian Nuggets, Cheese Nuggets
- Onion Rings, Dosa Rings
- Cheese Sticks and Cheese Poppers
- Vegetarian Samosas
- Plant-Based
- Burger Patties
- Kebabs
- Sausages
- Nuggets
- Keema
- Tikka Chunks & Strips
- Snacks (Momos & Samosas)
Chatha Foods Limited IPO Competitive Strength
- Strong Supply Chain and Input Sourcing for Quick Service Restaurants (QSR), Casual Dining Restaurants (CDR) and Other Outdoor Dining Options in India
- Strong entry barriers in the industry we operate in India
- Timely Supply of Quality Products Repeatedly is Key for QSR, CDR and Other Outdoor Dining Options in India
- Broad Vendor Base is a Key Moat developed over the years with focussed efforts
- In-house Manufacturing Plant Layout & Designing Capability as per the GFSI approved global foods safety standards
- Customers of Global Repute with Healthy Financials Obligated to Maximizing Shareholder Value
- Quality Compliance, Control and Quality Standards
- High Quality Manufacturing Facility
- Experienced Promoter & Management Team who have recently increased their shareholding
Chatha Foods IPO Financials Performance ( Results )
Chatha Foods Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 4,330.28 | 6,119.03 | -400.35 | 1,862.68 | 622.56 | 1,065.03 |
| 31-Mar-22 | 4,830.31 | 8,740.31 | 67.24 | 1,929.93 | 689.81 | 1,101.33 |
| 31-Mar-23 | 5,141.94 | 11,724.23 | 245.20 | 2,175.12 | 935.00 | 1,060.19 |
| 30-Sep-23 | 5,827.62 | 7,078.03 | 341.04 | 2,516.15 | 862.66 | 987.96 |
Objective of Chatha Foods IPO Issue
- Setting up the Proposed Manufacturing Unit
- General Corporate Purposes
Chatha Foods IPO Basic Details
| IPO Date | Mar 19, 2024 to Mar 21, 2024 |
| Listing Date | Wednesday, March 27, 2024 |
| Face Value | ₹10 per share |
| Price | ₹53 to ₹56 per share |
| Lot Size | 2000 Shares |
| Issue Size | 5,962,000 shares of ₹10 (aggregating up to ₹34.00 Cr) |
| Fresh Issue | 5,962,000 shares of ₹10 (aggregating up to ₹34.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 16,534,879 |
| Share holding post issue | 22,496,879 |
| Company Promoters | Paramjit Singh Chatha, Gurpreet Chatha, Gurcharan Singh Gosal and Anmoldeep Singh |
Chatha Foods IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Chatha Foods IPO Timetable
Chatha Foods IPO will open on March 19, 2024 and close on March 21, 2024. You can join Chatha Foods IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 19 March 2024 (Tuesday) |
| Closing Date | 21 March 2024 (Thursday) |
| Basis of Allotment | 26 March 2024 (Tuesday) |
| Initiation of Refunds | 27 March 2024 (Wednesday) |
| Credit of Shares to Demat | 27 March 2024 (Wednesday) |
| Listing Date | 27 March 2024 (Wednesday) |
| Deadline for UPI mandate confirmation | 5 PM on March 2024 |
Chatha Foods IPO Lot Size
For retail investors in Chatha Foods IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹112,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹112,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹112,000 |
| Retail (Max) | 1 | 2000 | ₹112,000 |
| S-HNI (Min) | 2 | 4000 | ₹224,000 |
Chatha Foods IPO Promoter Holding
The company’s promoters include Paramjit Singh Chatha, Gurpreet Chatha, Gurcharan Singh Gosal and Anmoldeep Singh.
| Pre Issue Share Holding | 81.36% |
| Post Issue Share Holding |
Chatha Foods Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 125.98 |
| Earning Per Share (EPS) | ₹1.48 per Equity Share |
| Net Asset Value (NAV) | ₹ per Equity Share |
| P/E Ratio (P/E) (x) | 37.76 |
| Post P/E Ratio (P/E) (x) | 18.47 |
| Return on Net Worth (RoNW) (%) | 14.54 |
| Return on equity (ROE) (%) | 14.54 |
| Return on Capital Employed (ROCE) (%) | 14.81 |
| Debt/Equity Ratio | 0.39 |
| Price/Book Value Ratio | 3.68 |
Chatha Foods IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹5 | – | – |
| 16 March 2024 | ₹5 | – | – |
| 15 March 2024 | ₹5 | – | – |
Chatha Foods IPO Detail Video:
Chatha Foods IPO Subscription Status (Bidding Detail)
The Chatha Foods IPO on March 21, 2024 at 7:00:00 PM was subscribed 19.28 times, with the retail category being subscribed 14.60 times, the NII (Non-Institutional Investor) category being subscribed 44.52 times, QIB (Qualified-Institutional Buyers) category being subscribed 8.54 times.
| Category | Subscription |
| QIB | 8.54x |
| NII | 44.52x |
| Retail | 14.60x |
| Total | 19.28x |
Chatha Foods IPO Prospectus
Chatha Foods IPO Rating
| Our Rating | 2.0/5.0 |
Chatha Foods Company Contact Information
Chatha Foods Limited
Registered Office: 272, Mota Singh Nagar, Jalandhar – 144 001, Punjab, India
Corporate Office: Village Chaundheri Ambala Road, District Mohali, Mohali – 140 501, India
Telephone.: + 91 18146 16381
Email: cs@cfpl.net.in
Website: www.cfpl.net.in
Contact Person: Priyanka Oberoi, Company Secretary and Compliance Officer
Corporate Identity Number: U15310PB1997PLC020578
Promoters of Our Company: Paramjit Singh Chatha, Gurpreet Chatha, Gurcharan Singh Gosal and Anmoldeep Singh
Chatha Foods IPO Registrar
Skyline Financial Services Private Limited
Registered Office: D-153 A, 1st Floor, Okhla Industrial Area, Phase – I , New Delhi – 110 020, India.
Telephone: + 011-2681 2682-83
Email: ipo@skylinerta.com, info@skylinerta.com
Website: www.skylinerta.com
Investor Grievance Id: ipo@skylinerta.com
Contact Person: Anuj Rana
SEBI Registration No: INR000003241
Chatha Foods IPO Lead Manager
Indorient Financial Services Limited
Registered Office: A-501, Executive Spaces, Rustomjee Central Park, Andheri Kurla Road, Chakala, Mumbai 400 093, Maharashtra, India.
Telephone: +91 79772 12186
Email: compliance-ifsl@indorient.in
Website: www.indorient.in
Investor Grievance Id: wecare@indorient.in
Contact Person: Ivor Anil Misquith
SEBI Registration No: INM000012661
Chatha Foods IPO FAQs
What is the lot size of Chatha Foods IPO?
The total size of Chatha Foods IPO is ₹34.00 crores and this is a complete fresh Issue.
When will Chatha Foods IPO start?
Chatha Foods IPO will open from 19 March 2024 and IPO will close on 21 March 2024.
What is the open date of Chatha Foods IPO?
Chatha Foods IPO will open date from 19 March 2024.
What is the last date ( close date ) of Chatha Foods IPO?
Chatha Foods IPO will close from 21 March 2024.
What is the price band of Chatha Foods IPO?
Chatha Foods IPO price band is ₹53 to ₹56. ( Upper Price Band: ₹56, Lower Price Band: ₹53 )
What is the minimum amount required to apply for Chatha Foods IPO?
The minimum investment for retailers to apply for Chatha Foods IPO is ₹112,000 and the maximum investment is ₹112,000.
What is going on gray market premium of Chatha Foods IPO?
View gray market premium of Chatha Foods IPO by Clicking Here
How much is the GMP of Chatha Foods IPO?
Watch Chatha Foods IPO GMP Today: Click Here
What is the allotment date of Chatha Foods IPO?
The allotment date of Chatha Foods IPO is 26 March 2024.
How to check allotment status in Chatha Foods IPO?
To check the allotment status of Chatha Foods IPO, first of all go to the registrar website by clicking here, select your bad Chatha Foods IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Chatha Foods IPO?
The listing date of Chatha Foods IPO is 27 March 2024.
How much will be the listing gain in Chatha Foods IPO?
View listing gain of Chatha Foods IPO by Clicking Here
How much time Chatha Foods IPO is subscribed?
Total 19.28 times subscribed in Chatha Foods IPO out of which 14.60 times subscription was done in retail quota, 44.52 times subscription in NII quota and 8.54 times subscription in QIB quota.
How to apply for Chatha Foods IPO from Upstox?
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How to apply for Chatha Foods PO from Zerodha?
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How to apply for Chatha Foods IPO from Angle One?
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