Chatha Foods IPO Review

 
Chatha Foods IPO Review

IPO Open Date: March 19, 2024

IPO Close Date: March 21, 2024

IPO Price: ₹53 to ₹56 per share

Lot Size: 2000 Shares

Listing: March 27, 2024

Chatha Foods is scheduled to hit the market on March 19, 2024 and close on March 21, 2024. Chatha Foods plans to raise around ₹34.00 Cr through an IPO with a sale of up to 5,962,000 equity shares of ₹10 each. The Retail offered 50%, Others Offered 50%.

Founded in 1997, specializes in processing frozen food products for Quick Serving Restaurants (QSRs), Casual Dining Restaurants (CDRs), and the Hotel-Restaurant-Catering (HoReCa) segment. Offering a variety of meat products under the brand Chatha Foods, CFL distributes its products through a network of 29 distributors covering 32 cities in India, serving 126 mid-segment and small standalone QSR brands. The company's manufacturing facility in District Mohali has a production capacity of approximately 7,839 metric tons for frozen food items, enabling it to supply top QSRs, CDRs, and other players in the HoReCa segment such as Domino's & Subway's India franchise, Café Coffee Day, and Wok Express.

In 2023, Negen Undiscovered Value Fund invested in CFL, acquiring a 10% stake in the company. With 284 employees in fiscal year 2023, CFL continues to focus on delivering high-quality frozen food products and expanding its presence in the market.

Chatha Foods


Chatha Foods IPO Details

Chatha Foods IPO opens on March 19, 2024, and closes on March 21, 2024. The Listing date for Chatha Foods IPO is on March 27, 2024. The price band for IPO is ₹53 to ₹56 per share and lot size of 2000 Shares.

IPO DateMar 19, 2024 to Mar 21, 2024
Listing DateMar 27, 2024
Price₹53 to ₹56 per share
Lot Size2000 Shares
Issue Size₹34.00 Cr
Face Value₹10 per share

Chatha Foods IPO Tentative Timetable

Chatha Foods opening date is March 19, 2024 and close date is March 21, 2024. The IPO allotment date is March 26, 2024. The refund initiation of IPO is on March 27, 2024. The credit of shares in demat account is on March 27, 2024. The listing date is on March 27, 2024.

EventDate
IPO OpeningMar 19, 2024
IPO ClosingMar 21, 2024
IPO Allotment DateMar 26, 2024
Refund InitiationMar 27, 2024
Shares Credit to DematMar 27, 2024
Lisiting DateMar 27, 2024

Chatha Foods IPO Lot Size

Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹140,000).

CategoryLotsSharesAmount
Retail(Minimum)12000₹112,000
Retail(Maximum)12000₹112,000
HNI (Minimum)24000₹224,000

Chatha Foods IPO Promoter Holding

Pre Issue Share Holding81.36%
Post Issue Share Holding

Chatha Foods IPO Review

Chatha Foods Limited, a prominent frozen food processor, recently entered the market with its IPO, showcasing a market capitalization of Rs 125.98 Cr. The company's financial performance has been commendable, with a notable surge in revenue and profit after tax from the fiscal year ending in March 2022 to March 2023. Offering a wide range of products like Chicken Appetizers, Meat Patties, and Chicken Sausages, Chatha Foods caters to renowned QSRs such as Domino's & Subway's India franchise, Café Coffee Day, and Wok Express. The IPO proceeds are earmarked for the establishment of a new manufacturing unit and general corporate purposes, indicating a strategic growth plan.

Considering the robust financial metrics of Chatha Foods, investing in its IPO appears to be a promising opportunity. The company boasts a solid Return on Equity (ROE) of 14.54%, Return on Capital Employed (ROCE) of 14.81%, and a conservative Debt/Equity ratio of 0.39, reflecting prudent financial management practices. With a post-issue EPS of Rs 3.03 and a favorable P/E ratio of 18.47, Chatha Foods demonstrates positive growth potential in the frozen food industry. Investors looking for a prospective venture in the thriving food processing sector may find value in exploring Chatha Foods' IPO.

In conclusion, Chatha Foods' IPO presents an enticing prospect for investors seeking exposure to a dynamic player in the frozen food market in India. The company's strong financial performance, coupled with its strategic objectives for utilizing the IPO proceeds, underscores its growth trajectory. With a diverse product portfolio and a well-established presence among key players in the QSR segment, Chatha Foods is poised for further expansion and success in the competitive food processing industry.

Chatha Foods IPO Subscription Status (Bidding Details)

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Chatha Foods IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Chatha Foods IPO FAQs

What is Chatha Foods IPO?

Chatha Foods is issuing 5,962,000 equity shares with a face value of ₹10 each, totaling up to ₹34.00 Cr. The shares are being offered at a price of ₹53 to ₹56 each, with a minimum order quantity of 2000 shares.

Skyline Financial Services Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Chatha Foods IPO will open?

Chatha Foods will open on March 19, 2024 for QIB, NII, and Retail Investors.

When Chatha Foods IPO will end?

Chatha Foods will end on March 21, 2024.

What is Chatha Foods IPO Size?

Chatha Foods IPO size is 34.00 Cr.

What is Chatha Foods IPO Price Band?

Chatha Foods price band is ₹53 to ₹56 per share.

What is the Chatha Foods IPO Allotment Date?

Chatha Foods allotment date is March 26, 2024.

What is the Chatha Foods IPO Listing Date?

Chatha Foods listing date is March 27, 2024. The IPO is to be listed on BSE and NSE.

How to Chatha Foods IPO through Zerodha?

To apply for the IPO “Chatha Foods” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Chatha Foods IPO through Upstox?

To apply for the IPO “Chatha Foods” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Chatha Foods IPO Allotment Status?

For Chatha Foods IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Chatha Foods IPO GMP?

You can check out here: Chatha Foods IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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