Chatha Foods Limited
Book Built Issue IPO · BSE
- Price band
- ₹53 - ₹56
- Lot size
- 2,000 shares
- Issue amount
- ₹34 cr
- Total subscription
- 19.36×
- Opens
- 19 Mar 2024
- Closes
- 21 Mar 2024
- Allotment
- 22 Mar 2024
- Listing
- 27 Mar 2024
Offer at a glance
Issue overview
- Issue size
- 59,62,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,06,000
- Fresh issue
- ₹34 cr
- Offer for sale
- ₹0 cr
- Registrar
- Skyline Financial Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,12,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,65,34,879
- Shares after issue
- 2,24,96,879
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 2,000 | ₹1,12,000 |
| HNI | 2 | 4,000 | ₹2,24,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 6.34 | 54.11 |
| RETAIL | 11.1 | 162.05 |
| NIB | 4.76 | 213.61 |
Financial performance
Company financials
in ₹ Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 2.06 | 1.48 | 0.41 |
| ROE | 14.54 | 11.95 | 3.55 |
| ROCE | 14.81 | 13.43 | 6.11 |
| RONW | 14.54 | 11.95 | 3.55 |
| PRE IPO(PE) | 3.68 | 0 | 0 |
| POST IPO(PE) | 37.76 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Chatha Foods Limited (CFL), founded in 1997, has emerged as a key player in the frozen food processing industry, supplying a diverse range of over 70 meat-based products to Quick Service Restaurants (QSRs), Casual Dining Restaurants (CDRs), and the Hotel-Restaurant-Catering (HoReCa) sector. Operating under the brand Chatha Foods, CFL's portfolio includes Chicken Appetizers, Meat Patties, Sausages, Sliced Meat, and Toppings & Fillers, distributed through a network of 29 distributors across 32 cities, serving 126 mid-segment and standalone QSR brands. With a manufacturing facility in District Mohali boasting a production capacity of approximately 7,839 MT, the company ensures a steady supply to major clients such as Domino’s, Subway, Café Coffee Day, and Wok Express. The strategic investment by Negen Undiscovered Value Fund in 2023, acquiring a 10% stake, highlights CFL’s strong market position and growth potential. Backed by a workforce of 284 employees in fiscal year 2023, CFL remains dedicated to quality, innovation, and expanding its footprint in India's evolving frozen food market.
Strengths
- Supply Chain Optimization: A strong supply chain tailored to QSRs and CDRs ensures reliability and efficiency, reducing supply disruptions and enhancing customer satisfaction.
- In-House Manufacturing & Compliance: The ability to design and maintain GFSI-approved facilities gives the company an edge in maintaining product safety and quality.
- Experienced Leadership: The strategic vision of experienced promoters and management ensures steady growth and adaptability in a dynamic market.
Risk factors
- Manufacturing Facility Risks: To mitigate implementation delays, the company could establish contingency plans, work with reliable contractors, and secure necessary approvals in advance.
- Land Purchase Compliance: Engaging legal experts to ensure all conditions are met can help avoid regulatory setbacks.
- Revenue Concentration on Non-Vegetarian Segment: Diversifying into complementary product lines (e.g., ready-to-eat meals or sauces) could reduce dependency on a single segment.
- Mock Meat Market Entry: Conducting consumer research and strategic partnerships with plant-based food brands may improve market penetration and acceptance.
Promoters
Paramjit Singh Chatha
Gurpreet Chatha
Gurcharan Singh Gosal
Anmoldeep Singh
Registrar & documents
Lead manager
Indorient Financial Services Limited
Registrar & contacts
Skyline Financial Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
272, Mota Singh Nagar, Jalandhar – 144 001, Punjab
+ 91 18146 16381
[email protected]Company website ↗Understanding CHATHA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.