Chatha Foods Limited
BSE SME₹112,000 / 2000 Shares
IPO Details
Chatha Foods Limited IPO is priced between ₹53-56 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the BSE SME, and Skyline Financial Services Private Ltd is managing the issue as the registrar.
The IPO bidding period opened on 19 Mar, 2024, and closed on 21 Mar, 2024. The allotment results will be announced on 22 Mar, 2024, with a tentative listing date set for 27 Mar, 2024.
The total issue comprises 5,962,000 shares, amounting to ₹34.00 Cr.
Chatha Foods Limited IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Mar 19, 2024 - Mar 21, 2024 | 27 Mar, 2024 | ₹10 Per Equity Share | ₹53-56 per equity share | - | Shares | - | BSE SME |
Chatha Foods Limited IPO Timeline
Issue Price
₹53-56 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Skyline Financial Services Private LtdMarket Lot
2000 Shares (₹112,000/-)Lead Manager
Indorient Financial Services LtdIssue Size
5,962,000 shares(aggregating up to ₹34.00 Cr)Retail Portion
35%Subscription
19.28 timesChatha Foods Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 5141.94 | 11724.23 | 245.20 | - | - | - |
| 31 Mar 22 | 4830.31 | 8740.31 | 67.24 | - | - | - |
| 31 Mar 21 | 4330.28 | 6119.03 | -400.35 | - | - | - |
All values are in ₹ Lakh
Chatha Foods Limited IPO Valuations
EPS PRE IPO ₹1.48/- | EPS POST IPO ₹3.03/- | PE PRE IPO 37.76 | PE POST IPO 18.47 | ROE - |
ROCE - | DEBT EQUITY - | RONW 14.54% | PAT MARGIN - | PRICE TO BOOK VALUE - |
About Company
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 IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,132,000 / 850,000 | 1,982,000 | 3,964,000 |
| Day 1 - 19-03-24 06:00 PM | 0.87 / 1.84 x | 1.40 x | 1.34 x |
| Day 2 - 20-03-24 06:00 PM | 0.87 / 2.18 x | 3.49 x | 2.46 x |
| Day 3 - 21-03-24 06:00 PM | 8.54 / 44.52 x | 14.60 x | 19.28 x |
Chatha Foods Limited IPO - Issue Objectives
- Setting up the Proposed Manufacturing Unit
- General Corporate Purposes