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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 ₹56.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,06,000 (2000 shares). The minimum lot size investment for 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 Date | March 19, 2024 to March 21, 2024 |
| Listing Date | March 27, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹53 to ₹56 per share |
| Issue Price Final | ₹56 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 59,62,000 shares (aggregating up to ₹33.39 Cr) |
| Reserved for Market Maker | 3,00,000 shares Alacrity Securities Ltd. (aggregating up to ₹1.68 Cr) |
| Net Offered to Public | 56,62,000 shares (aggregating up to ₹31.71 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,65,34,879 shares |
| Share Holding Post Issue | 2,24,96,879 shares |
Chatha Foods IPO offers total 59,62,000 shares. Out of which 28,30,000 (47.47%) allocated to QIB, 11,32,000 (18.99%) allocated to QIB, 8,50,000 (14.26%) allocated to NII, 19,82,000 (33.24%) allocated to RII and 16,98,000 (28.48%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,00,000 (5.03%) |
| QIB Shares Offered | 28,30,000 (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 (14.26%) |
| Retail Shares Offered | 19,82,000 (33.24%) |
| Total Shares Offered | 59,62,000 (100.00%) |
Chatha Foods IPO raises ₹9.51 crore from anchor investors. Chatha Foods IPO Anchor bid date is March 18, 2024. Chatha Foods IPO Anchor Investors list
| Bid Date | March 18, 2024 |
| Shares Offered | 16,98,000 |
| Anchor Portion Size (In Cr.) | 9.51 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 25, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 24, 2024 |
Chatha Foods IPO opens on March 19, 2024, and closes on March 21, 2024.
| IPO Open Date | Tue, Mar 19, 2024 |
| IPO Close Date | Thu, Mar 21, 2024 |
| Tentative Allotment | Tue, Mar 26, 2024 |
| Initiation of Refunds | Wed, Mar 27, 2024 |
| Credit of Shares to Demat | Wed, Mar 27, 2024 |
| Tentative Listing Date | Wed, Mar 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 21, 2024 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Chatha Foods Limited's revenue increased by 34.14% and profit after tax (PAT) rose by 264.66% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,827.62 | 5,141.94 | 4,830.31 | 4,330.28 |
| Total Income | 7,078.03 | 11,724.23 | 8,740.31 | 6,119.03 |
| Profit After Tax | 341.04 | 245.20 | 67.24 | -400.35 |
| Net Worth | 2,516.15 | 2,175.12 | 1,929.93 | 1,862.68 |
| Reserves and Surplus | 862.66 | 935.00 | 689.81 | 622.56 |
| Total Borrowing | 987.96 | 1,060.19 | 1,101.33 | 1,065.03 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Chatha Foods IPO is ₹125.98 Cr.
KPI as of Sat, Sep 30, 2023.
| KPI | Values |
|---|---|
| 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 Rs | 1.48 | 3.03 |
| P/E (x) | 37.76 | 18.47 |
The net proceeds of the Issue, i.e. gross proceeds of the Issue less the Issue related expenses ("Net Proceeds") are proposed to be utilised for the following objects:
1. Setting up the Proposed Manufacturing Unit
2. General Corporate Purposes
[Dilip Davda] The company is in frozen food processing and marketing. It supplies its products to QSRs and CDRs to renowned customers. It marked growth in bottom lines due to contribution from veg segment. Based on FY24 annualized super earnings, the issue appears fully priced. The management is confident of maintaining the tempo of growth with higher contribution from veg food section where they are expanding their operations. It will operate on B2B and B2C model post expansion. Investors may park funds for the medium to long term rewards. Read detail review...
| Listing Date | March 27, 2024 |
| BSE Script Code | 544151 |
| NSE Symbol | |
| ISIN | INE0AH901011 |
| Final Issue Price | ₹56 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹56.00 |
| Open | ₹72.82 |
| Low | ₹72.82 |
| High | ₹76.00 |
| Last Trade | ₹72.82 |
Chatha Foods Ltd.
272, Mota Singh Nagar,
Jalandhar – 144 001
Punjab, India
Jalandhar, Punjab
Phone: + 91 18146 16381
Email: cs@cfpl.net.in
Website: http://www.cfpl.net.in/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Chatha Foods IPO is a SME IPO of 59,62,000 equity shares of the face value of ₹10 aggregating up to ₹33.39 Crores. The issue is priced at ₹56 per share. The minimum order quantity is 2000.
The IPO opens on March 19, 2024, and closes on March 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 March 19, 2024 and closes on March 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 Wednesday, March 27, 2024. Check the Chatha Foods IPO allotment status.
The Chatha Foods IPO listing date is on Wednesday, March 27, 2024.
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