Bookbuilding IPO | ₹33 Cr | Listed at BSE SME | Tue, Mar 19, 2024 - Thu, Mar 21, 2024
Chatha Foods IPO is a book build issue of ₹33.39 crores. The issue is entirely a fresh issue of 0.60 crore shares of ₹33.39 crore.
Chatha Foods IPO bidding started from Mar 19, 2024 and ended on Mar 21, 2024. The allotment for Chatha Foods IPO was finalized on Mar 26, 2024. The shares got listed on BSE SME on Mar 27, 2024.
Chatha Foods IPO price band is set at ₹56 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,12,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,24,000.
Indorient Financial Services Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Alacrity Securities Ltd..
Refer to Chatha Foods IPO RHP for detailed Information.
IPO Open
Tue, Mar 19, 2024
IPO Close
Thu, Mar 21, 2024
Issue Price
₹56 per share
Market Cap (Pre-IPO)
₹125.98 Cr
| IPO Date | 19 to 21 Mar, 2024 |
| Listed on | Wed, Mar 27, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹53 to ₹56 |
| Issue Price | ₹56 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 59,62,000 shares (agg. up to ₹33 Cr) |
| Reserved for Market Maker | 3,00,000 shares Alacrity Securities Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 56,62,000 shares (agg. up to ₹32 Cr) |
| Net Offered to Public | 56,62,000 shares (agg. up to ₹32 Cr) |
| Share Holding Pre Issue | 1,65,34,879 shares |
| Share Holding Post Issue | 2,24,96,879 shares |
| BSE Script Code | 544151 |
| ISIN | INE0AH901011 |
Chatha Foods IPO comprises a total issue size of 59,62,000 shares. The net offer to the public is 56,62,000 shares, after excluding 3,00,000 shares allotted on a firm basis. Of the Net offer 28,30,000 (49.98%) are allocated to QIB, 8,50,000 (15.01%) allocated to NII 19,82,000 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 28,30,000 | 49.98% | 47.47% |
| − Anchor Investor Shares Offered | 16,98,000 | 28.48% | |
| − QIB (Ex. Anchor) Shares Offered | 11,32,000 | 18.99% | |
| NII (HNI) Shares Offered | 8,50,000 | 15.01% | 14.26% |
| Retail Shares Offered | 19,82,000 | 35.01% | 33.24% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,00,000 | 5.03% | |
| Total Shares Offered | 59,62,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,12,000 |
| Retail (Max) | 1 | 2,000 | ₹1,12,000 |
| HNI (Min) | 2 | 4,000 | ₹2,24,000 |
Chatha Foods IPO raises ₹9.51 crore from anchor investors. Chatha Foods IPO Anchor bid date is March 18, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Mar 18, 2024 |
| Shares Offered | 16,98,000 |
| Anchor Portion (₹ Cr.) | 9.51 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Apr 25, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Jun 24, 2024 |
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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 58.28 | 51.42 | 48.30 | 43.30 |
| Total Income | 70.78 | 117.24 | 87.40 | 61.19 |
| Profit After Tax | 3.41 | 2.45 | 0.67 | -4.00 |
| NET Worth | 25.16 | 21.75 | 19.30 | 18.63 |
| Reserves and Surplus | 8.63 | 9.35 | 6.90 | 6.23 |
| Total Borrowing | 9.88 | 10.60 | 11.01 | 10.65 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up the Proposed Manufacturing Unit | 24.11 |
| 2 | General Corporate Purposes | 4.47 |
| KPI | Sep 30, 2023 |
|---|---|
| ROE | 14.54% |
| ROCE | 14.81% |
| Debt/Equity | 0.39 |
| RoNW | 14.54% |
| PAT Margin | 4.82% |
| Price to Book Value | 3.68 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.48 | 3.03 |
| P/E (x) | 37.76 | 18.47 |
| Promoter Holding | 81.36% | |
| Market Cap | ₹125.98 Cr. |
The Chatha Foods IPO is subscribed 19.28 times on March 21, 2024 6:21:00 PM (Day 3). The public issue subscribed 14.6 times in the retail category, 8.54 times in the QIB category, and 44.52 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 8.54 | 11,32,000 | 96,62,000 |
| NII* | 44.52 | 8,50,000 | 3,78,44,000 |
| Retail | 14.6 | 19,82,000 | 2,89,38,000 |
| Total | 19.28 | 39,64,000 | 7,64,44,000 |
Total Application : 18,695
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager fees including Underwriting | 2.88 |
| 2 | Brokerage, selling commission and other uploading fees | 0.10 |
| 3 | Fees payable to Registrar to the Issue | 0.01 |
| 4 | Fees to the legal advisor, audit / chartered accountant fees | 0.39 |
| 5 | Advertising and marketing expenses | 0.15 |
| 6 | Fees payable to regulators including Stock Exchange | 0.07 |
| 7 | Printing and distribution expenses | 0.02 |
| 8 | Advisory Fees | 1.18 |
| 9 | Miscellaneous | 0.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹56.00 |
| Open | ₹73.00 |
| Low | ₹70.37 |
| High | ₹76.65 |
| Last Trade | ₹76.65 |
Lead Manager Reports
Chatha Foods IPO is a SME IPO of 59,62,000 equity shares of the face value of ₹10 aggregating up to ₹33 Crores. The issue is priced at ₹56 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Mar 19, 2024, and closes on Thu, Mar 21, 2024.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Chatha Foods IPO using UPI as a payment gateway. Zerodha customers can apply in Chatha Foods IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Chatha Foods IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Chatha Foods IPO opens on Tue, Mar 19, 2024 and closes on Thu, Mar 21, 2024.
Chatha Foods IPO lot size is 2000, and the minimum amount required for application is ₹1,12,000.
You can apply in Chatha Foods IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Chatha Foods IPO will be done on Tuesday, March 26, 2024, and the allotted shares will be credited to your demat account by Wed, Mar 27, 2024. Check the Chatha Foods IPO allotment status.
The Chatha Foods IPO listing date is on Wed, Mar 27, 2024.
