Chatha Foods IPO Details | GMP, Date, Price, Review

Chatha Foods IPO

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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

  1. 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
  2. Vegetarian
    • Snacks (Momos, Spring Rolls)
    • Vegetarian Patties
    • Vegetarian Nuggets, Cheese Nuggets
    • Onion Rings, Dosa Rings
    • Cheese Sticks and Cheese Poppers
    • Vegetarian Samosas
  3. 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 EndedTotal AssetsTotal RevenuePATNet WorthReservesBorrowing

Objective of Chatha Foods IPO Issue

  • Setting up the Proposed Manufacturing Unit
  • General Corporate Purposes

Chatha Foods IPO Basic Details

IPO DateMar 19, 2024 to Mar 21, 2024
Listing DateWednesday, March 27, 2024
Face Value₹10 per share
Price₹53 to ₹56 per share
Lot Size2000 Shares
Issue Size5,962,000 shares of ₹10
(aggregating up to ₹34.00 Cr)
Fresh Issue5,962,000 shares of ₹10
(aggregating up to ₹34.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE SME
Share holding pre issue16,534,879
Share holding post issue22,496,879
Company PromotersParamjit Singh Chatha,
Gurpreet Chatha,
Gurcharan Singh Gosal
and Anmoldeep Singh

Chatha Foods IPO Reservation

QIB Shares Offered50% of the Net Issue
NII (HNI) Shares Offered15% of the Net Issue
Retail Shares Offered35% 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.

Opening Date19 March 2024 (Tuesday)
Closing Date21 March 2024 (Thursday)
Basis of Allotment26 March 2024 (Tuesday)
Initiation of Refunds27 March 2024 (Wednesday)
Credit of Shares to Demat27 March 2024 (Wednesday)
Listing Date27 March 2024 (Wednesday)
Deadline for UPI mandate confirmation5 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.

Retail (Min)12000₹112,000
Retail (Max)12000₹112,000
S-HNI (Min)24000₹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 Holding81.36%
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.

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 Ratio0.39
Price/Book Value Ratio3.68

Chatha Foods IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject to
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.


Chatha Foods IPO Prospectus

Chatha Foods IPO DRHPDownload
Chatha Foods IPO addendum to DRHPDownload
Chatha Foods IPO RHPDownload

Chatha Foods IPO Rating

Our Rating2.0/5.0

Chatha Foods Company Contact Information

Chatha Foods Limited

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
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
Investor Grievance Id:
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
Investor Grievance Id:
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?

Click Here to see how to apply for Chatha Foods IPO from Upstox. (step by step)

How to apply for Chatha Foods PO from Zerodha?

Click Here to see how to apply for Chatha Foods IPO from Zerodha. (step by step)

How to apply for Chatha Foods IPO from Angle One?

Click Here to see how to apply for Chatha Foods IPO from Angle One. (step by step)

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