Chatha Foods Limited IPO
BSE SMEListed On: Mar 27, 2024 at ₹ 73.0
₹ 224000 /4000 Shares
*Min Investment
19 Mar, 2024
Open Date21 Mar, 2024
Close Date22 Mar, 2024
Allotment Date27 Mar, 2024
Listing DateChatha Foods Limited IPO Issue Details
- Issue Price ₹53-56 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 59,62,000 shares(aggregating up to ₹34 crore)
- Fresh Share 59,62,000 shares(aggregating up to ₹34 crore)
- Listing at BSE SME
- List Price 73.0
- Listing Date 2024-03-27
- Lead Manager Indorient Financial Services Ltd
- Registrar Skyline Financial Services Private Ltd
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,12,000 |
| Retail(max) | 1 | 2000 | ₹1,12,000 |
| NII (min) | 2 | 4,000 | ₹2,24,000 |
Chatha Foods Limited IPO Reservation
Chatha Foods Limited IPO offers total 5,962,000 shares. Out of which 1,132,000 (18.99%) allocated to QIB, 850,000 (14.26%) allocated to NII,1,982,000 (33.24%) allocated to RII, NA (NA%) allocated to employees and 1,698,000 (28.48%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,698,000 (28.48%) | |
| Market Maker Shares Offered | 300,000 (5.03%) | |
| QIB Shares Offered | 1,132,000 (18.99%) | |
| NII (HNI) Shares Offered | 850,000 (14.26%) | |
| Retail Shares Offered | 1,982,000 (33.24%) | |
| Total Shares Offered | 5,962,000 (100%) |
Chatha Foods Limited IPO Details
Chatha Foods Limited IPO is an SME IPO, priced at ₹53-56 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 59,62,000 equity shares, aggregating up to ₹34 crores..
The IPO bidding window is open from Mar 19, 2024 to Mar 21, 2024. The allotment is expected to be finalized on Mar 22, 2024, and the tentative listing date is Mar 27, 2024.
The minimum lot size for Retail investors is 2000 shares, with a minimum investment of ₹1,12,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,24,000.
Indorient Financial Services Ltd is acting as the lead manager to the issue. The registrar of the IPO is Skyline Financial Services Private Ltd, and Alacrity Securities Ltd will act as the market maker for this issue.
Chatha Foods Limited IPO Subscription Analysis And 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 Valuations
Chatha Foods Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 5,141.94 | 4,830.31 | 4,330.28 |
| Revenue | 11,724.23 | 8,740.31 | 6,119.03 |
| Profit After Tax | 245.20 | 67.24 | -400.35 |
| Net Worth | 2,175.12 | 1,929.93 | 1,862.68 |
| Reserves & Surplus | 935.00 | 689.81 | 622.56 |
| Total Borrowing | 1,060.19 | 1,101.33 | 1,065.03 |
About Chatha Foods Limited Company
Chatha Foods Limited (CFL) is a frozen food processor, established in 1997. The firm sells its range of frozen food products to the top QSRs (Quick Serving Restaurants), CDRs (Casual Dining Restaurants), and other HoReCa (Hotel-Restaurant-Catering) players. Chatha Foods has a diversified product range that includes Chicken Appetizers, Meat Patties, Chicken Sausages, Sliced Meat, Toppings & Fillers, etc. The company has over 70 products in the meat category.
It has a portfolio of products marketed under the brand name Chatha Foods and sold to 32 cities across India and directly into 126 mid-segment & standalone small QSR brands through 29 distributors.
Chatha Foods Limited has a Manufacturing facility, located in the District of Mohali, which has a production capacity of about 7,839 MT for all the frozen food products.
The company serves leading QSRs, CDRs, and other hotel-Restaurant-Catering segment chains including the India franchise of Domino's & Subway's, Café Coffee Day, Wok Express, and many others.
The company is valued by Negen Undiscovered Value Fund who had invested in 2023, acquiring 10% equity shareholding in the Company. As of March 2023, the Company had a staff of 284.
Chatha Foods Limited - Promoter(s)
Paramjit Singh Chatha
Gurpreet Chatha
Gurcharan Singh Gosal
Anmoldeep Singh
Pre Issue Share Holding : 81.36%
Post Issue Share Holding : %
Chatha Foods Limited IPO - Issue Objectives
Setting up the Proposed Manufacturing Unit
General Corporate Purposes
Chatha Foods Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Chatha Foods Limited | 1.48 | 1.48 | 17.54 | 37.76 | 14.54 | N/A | Standalone |
| Tasty Bite Eatables Ltd. | 117.73 | N/A | 948.92 | 114.23 | 12.41 | N/A | Standalone |
Notes:
- P/E Ratio is based on the current market price of the respective scrips.
- The EPS, NAV, RoNW, and Total Income of our Company are taken as per Restated Financial Statements for the Financial Year 2022-23 as adjusted with the effect of Bonus Issue.
- NAV per share is computed as the closing net worth divided by the closing outstanding number of paid-up equity shares as adjusted with the effect of Bonus Issue.
- P/E Ratio of the peer company is based on the audited financial results of the company for the financial year 2023 and stock exchange data as of March 2, 2024.
- The RoNW has been computed by dividing net profit after tax (excluding exceptional items) with the average restated Net Worth of the beginning and end of the year/period.
- Net worth has been computed in the manner as specified in Regulation 2(1)(hh) of SEBI (ICDR) Regulations, 2018.
Contact Details
Chatha Foods Limited
272, Mota Singh Nagar, Jalandhar – 144 001, Punjab
+ 91 18146 16381
Registrar Contact Details
Skyline Financial Services Private Ltd
02228511022
Chatha Foods Limited IPO - FAQs
Ans. Chatha Foods Limited IPO is a SME IPO. The issue is priced at ₹53-56 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Mar 19, 2024, and closes on Mar 21, 2024. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Chatha Foods Limited IPO opens on Mar 19, 2024 and closes on Mar 21, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Chatha Foods Limited IPO is 5,962,000 shares(aggregating up to ₹34.00 Cr).
Ans. The Chatha Foods Limited IPO price band is set between ₹53-56 per equity share.
Ans. To apply for Chatha Foods Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Chatha Foods Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Chatha Foods Limited IPO is Mar 22, 2024.
Ans. The Chatha Foods Limited IPO will be listed on Mar 27, 2024.
Ans. Follow the steps to check the Chatha Foods Limited IPO allotment status online.
