Chatha Foods IPO description – Established in 1997, Chatha Foods Limited (CFL) operates as a frozen food processor, catering to leading QSRs (Quick Serving Restaurants), CDRs (Casual Dining Restaurants), and other stakeholders in the HoReCa (Hotel-Restaurant-Catering) segment. Its product range includes Chicken Appetizers, Meat Patties, Chicken Sausages, Sliced Meat, Toppings & Fillers, and more. Negen Undiscovered Value Fund invested in the company in 2023 and holds a 10% stake.
The company’s brands, sold under “Chatha Foods,” are distributed through a network of 29 distributors covering 32 cities across India. They cater to the needs of 126 mid-segment and standalone small QSR brands. The company manufactures over 70 meat products. Chatha Foods has a manufacturing facility located in Mohali District with a production capacity of approximately 7,839 metric tons for all frozen food products, operating over two shifts annually.
The company serves top Quick Service Restaurants (QSRs), Casual Dining Restaurants (CDRs), and other players in the Hotel-Restaurant-Catering segment such as Domino’s and Subway’s India franchise, Café Coffee Day, Chili’s & Pauls India, Burger Singh, Wok Express, and more.
Promoters of Chatha Foods – Paramjit Singh Chatha, Gurpreet Chatha, Gurcharan Singh Gosal, and Anmoldeep Singh
Table of Contents
Chatha Foods IPO Details
| Chatha Foods IPO Dates | 19 – 21 March 2024 |
| Chatha Foods Issue Price | INR 53 – 56 per share |
| Fresh issue | 5,962,000 shares (INR 31.60 – 33.39 crore) |
| Offer For Sale | NIL |
| Total IPO size | 5,962,000 shares (INR 31.60 – 33.39 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 112,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE SME |
Chatha Foods Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 61.18 | 87.33 | 117.23 | 70.78 |
| Expenses | 66.72 | 86.36 | 113.87 | 66.02 |
| Net income | (4.00) | 0.67 | 2.45 | 3.41 |
Chatha Foods Offer News
- Chatha Foods RHP
- Chatha Foods Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Chatha Foods Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (2.42) | 0.41 | 1.48 |
| PE ratio | – | – | 35.81 – 37.84 |
| RONW (%) | (19.41) | 3.55 | 11.95 |
| NAV | 11.27 | 11.67 | 13.15 |
| ROCE (%) | (15.85) | 6.11 | 13.43 |
| EBITDA (%) | (3.33) | 5.10 | 6.05 |
| Debt/Equity | 0.57 | 0.57 | 0.49 |
Chatha Foods IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 26 March 2024 | 8 | – | 8,000 |
| 23 March 2024 | 7 | – | 8,000 |
| 22 March 2024 | 7 | – | 8,000 |
| 21 March 2024 | 7 | – | 8,000 |
| 20 March 2024 | 8 | – | 9,000 |
| 19 March 2024 | 7 | – | 7,500 |
| 18 March 2024 | 7 | – | 7,500 |
Chatha Foods IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 1,132,000 | 850,000 | 1,982,000 | 3,964,000 |
| 21 Mar 2024 | 8.54 | 44.88 | 14.41 | 19.27 |
| 20 Mar 2024 | 0.87 | 2.53 | 3.49 | 2.54 |
| 19 Mar 2024 | 0.87 | 1.84 | 1.40 | 1.34 |
The market maker reservation portion of 3,00,000 shares is not included in the above calculations.
Chatha Foods IPO Allotment Status
Chatha Foods IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.
Chatha Foods IPO Dates & Listing Performance
| IPO Opening Date | 19 March 2024 |
| IPO Closing Date | 21 March 2024 |
| Finalization of Basis of Allotment | 26 March 2024 |
| Initiation of refunds | 27 March 2024 |
| Transfer of shares to demat accounts | 27 March 2024 |
| IPO Listing Date | 27 March 2024 |
| Opening Price on BSE SME | INR 73 per share (up 30.36%) |
| Closing Price on BSE SME | INR 76.65 per share (up 36.88%) |
Chatha Foods Offer Lead Manager
INDORIENT FINANCIAL SERVICES LIMITED
A/501, Rustomjee Central Park, Executive Spaces,
Andheri Kurla Road, Chakala, Mumbai – 400093, Maharashtra
Phone: +91 79772 12186
Email: [email protected]
Website: www.indorient.in
Chatha Foods Offer Registrar
SKYLINE FINANCIAL SERVICES PVT. LTD
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone: +011-2681 2682-83
Email: [email protected]
Website: www.skylinerta.com
Chatha Foods IPO Contact Details
CHATHA FOODS LIMITED
Village Chaundheri Ambala Road,
District Mohali, Mohali – 140 501, India
Phone: + 91 18146 16381
E-mail: [email protected]
Website: www.cfpl.net.in
IPO FAQs
What is the Chatha Foods offer size?
Chatha Foods offer size is INR 31.60 – 33.39 crores.
What is the Chatha Foods offer price band?
Chatha Foods public offer price is INR 53 – 56 per share.
What is the lot size of the Chatha Foods IPO?
Chatha Foods offer a lot size is 2,000 shares.
What is Chatha Foods IPO GMP today?
Chatha Foods IPO GMP today is INR 8 per share.
What is the Chatha Foods kostak rate today?
Chatha Foods kostak rate today is NA per application.
What is Chatha Foods Subject to Sauda rate today?
Chatha Foods are Subject to the Sauda rate today is INR 8,000 per application.
