The Chatha Foods IPO commenced on March 19, 2024, and concluded on March 21, 2024. The allotment of shares took place on March 26, 2024, and the initiation of refunds began on March 27, 2024. The shares were credited to the demat accounts of investors on March 27, 2024. Finally, the listing of Chatha Foods on the stock exchange occurred on March 27, 2024.
The Chatha Foods IPO was priced at ₹53 to ₹56 per share, with a lot size of 2000 shares. The total issue size was ₹34.00 crores, comprising a fresh issue of ₹34.00 crores. The IPO was listed on the BSE SME.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Chatha Foods Limited IPO Basic Details
| Company Name | Chatha Foods Limited |
| Chatha Foods IPO GMP Today | ₹5 |
| Chatha Foods IPO Listing Gain | 8.93% |
| Chatha Foods IPO Open Date | March 19, 2024 |
| Chatha Foods IPO Close Date | March 21, 2024 |
| Chatha Foods IPO Allotment Date | March 26, 2024 |
| Chatha Foods IPO Listing Date | 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 |
| Company Promoters | Paramjit Singh Chatha, Gurpreet Chatha, Gurcharan Singh Gosal and Anmoldeep Singh |
Chatha Foods IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹5 | 8.93% | – | – |
| 16 March 2024 | ₹5 | 8.93% | – | – |
Chatha Foods Limited IPO Details:
Founded in 1997, Chatha Foods Limited (CFL) is a company that makes frozen food. They sell their frozen food to popular fast-food restaurants, casual dining spots, and other businesses in the hospitality industry. Their products include things like Chicken Appetizers, Meat Patties, Chicken Sausages, Sliced Meat, Toppings & Fillers, and more. In total, they make over 70 different meat products.
They sell their products under the name Chatha Foods. Their products are distributed by a network of 29 distributors who cover 32 cities all across India. They serve about 126 mid-sized and small independent fast-food brands.
Chatha Foods Limited has a manufacturing plant located in District Mohali. This plant can produce around 7,839 metric tons of frozen food products.
Their customers include big names like Domino’s and Subway’s India franchise, Café Coffee Day, Wok Express, and others.
In 2023, Negen Undiscovered Value Fund invested in Chatha Foods Limited, owning a 10% share of the company. In the fiscal year 2023, the company had 284 employees.
Chatha Foods IPO More Details Click Here
Chatha Foods IPO FAQs
When is Chatha Foods IPO open?
Chatha Foods IPO will open on 19 March 2024.
When is Chatha Foods IPO Close?
Chatha Foods IPO will be closed on 21 March 2024.
What is Chatha Foods IPO GMP Today?
The Chatha Foods IPO GMP aka Grey Market Premium is ₹5.
What is Chatha Foods IPO Kostak Rates Today?
The Chatha Foods IPO Kostak Rate is ₹000.
What is Chatha Foods IPO Subject to Sauda Price Today?
The Chatha Foods IPO subject to sauda rates is ₹000.
Chatha Foods IPO Expected Returns?
The Chatha Foods expected return is 8.93%.
How much will be the listing gain in Chatha Foods IPO?
Chatha Foods IPO will get listing gain of 8.93%. (Approx.)
