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 Chatha Foods and distributes through the network of 29 distributors covering 32 cities across India, 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 serves 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 IPO – Details
| IPO Opening Date | 19 March 2024 |
| IPO Closing Date | 21 March 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 59,62,000 Shares Worth ₹34.00 Crore Fresh Issue: 59,62,000 Shares Worth ₹34.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹53 – ₹56 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Skyline Financial Services Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Chatha Foods IPO – Date Schedule
| IPO Open Date | 19 March 2024 |
| IPO Close Date | 21 March 2024 |
| Basis of Allotment | 22 March 2024 |
| Initiation of Refund | 26 March 2024 |
| Credit of Shares to Demat Account | 26 March 2024 |
| IPO Listing Date | 27 March 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 21, 2024 |
Chatha Foods IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | ₹1,12,000 |
| Retail (Maximum) | 1 | 2000 | ₹1,12,000 |
| HNI (Minimum) | 2 | 4000 | ₹2,24,000 |
Competitive Strengths
- Strong Supply Chain and Input Sourcing for QSR, CDR, and Other Outdoor Dining Options in India.
- In-house Manufacturing Plant Layout & Designing Capability as per the GFSI-approved global foods safety standards.
- Quality Compliance, Control, and Quality Standards.
- Experienced Promoters and Management.
- Customers of global repute.
Company Promoters
- Paramjit Singh Chatha
- Gurpreet Chatha
- Gurcharan Singh Gosal
- Anmoldeep Singh
Object Of The Issue
- Setting up the Proposed Manufacturing Unit.
- General Corporate Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 61.19 | 66.71 | -4.00 | 10.65 |
| 31 March 2022 | 87.40 | 86.36 | 0.67 | 11.01 |
| 31 March 2023 | 117.24 | 113.87 | 2.45 | 10.60 |
| 30 September 2023 | 70.78 | 66.02 | 3.41 | 9.87 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 14.54% |
| ROCE | 14.81% |
| Debt/Equity | 0.39 |
| RoNW | 14.54% |
| P/BV | 3.68 |
| PAT Margin (%) | 4.82 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 1.48 | 3.03 |
| P/E (x) | 37.76 | 18.47 |
Chatha Foods IPO Promoter Holding
| Pre Issue Share Holding | 81.36% |
| Post Issue Share Holding | – |
Chatha Foods IPO Prospectus
Company Contact Information
| Chatha Foods Limited 272, Mota Singh Nagar, Jalandhar – 144 001 Punjab, India Phone: + 91 18146 16381 Email: cs@cfpl.net.in Website: http://www.cfpl.net.in/ |
Chatha Foods IPO Registrar
| Skyline Financial Services Private Ltd Phone: 02228511022 Email: ipo@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
Chatha Foods IPO Lead Manager(s)
| 1. Indorient Financial Services Ltd |
Chatha Foods IPO FAQs
| What is Chatha Foods IPO? Chatha Foods IPO is a SME IPO. The issue is priced at ₹53 – ₹56 per equity share. The IPO is to be listed on BSE SME. |
| When Chatha Foods IPO will open? The IPO is to open on 19 March 2024 for QIB – 50%, NII – 15% and Retail – 35% Investors. |
| How to Chatha Foods IPO? You can apply Chatha Foods IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Chatha Foods IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Chatha Foods”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Chatha Foods IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Chatha Foods”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Chatha Foods IPO Size? Chatha Foods IPO size is ₹34.00 crores. |
| What is Chatha Foods IPO Price Band? Chatha Foods IPO Price Band is ₹53 – ₹56. |
| What is Chatha Foods IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,12,000 amount while the maximum bid is 2000 shares with ₹1,12,000. |
| What is the Chatha Foods IPO Allotment Date? Chatha Foods IPO allotment date is 22 March 2024. |
| What is the Chatha Foods IPO Listing Date? Chatha Foods IPO listing date is 27 March 2024. The IPO is to list on BSE SME. |
