Chatha Foods Ltd IPO

Chatha Foods Limited was incorporated as a public limited company in the name and style of `Chatha Foods Limited' pursuant to certificate of incorporation dated October 8, 1997 issued by Registrar of Companies Punjab, H.P & Chandigarh. Subsequently, the Company was converted into a private limited company and consequently the name of the Company was changed to `Chatha Foods Private Limited' and a fresh certificate of incorporation dated June 16, 2003 was issued by the Registrar of Companies Punjab, H.P & Chandigarh. Thereafter, the name the Company was again changed to its present name, i.e. `Chatha Foods Limited' pursuant to its conversion from private limited to a public limited company and a fresh certificate of incorporation dated September 8, 2023 was issued by the Registrar of Companies, Chandigarh consequent upon such conversion.

The global QSR market was valued at INR 25.05 Trn in FY-2022. It is expected to reach INR 54.53 Trn by FY2027. Requirement for a wide variety of fast-food items and the growth of the market both contribute to the quickservice restaurants market's expansion globally. The QSR market in India was valued at INR 171.90 Bn in FY2022. It is expected to reach INR 431.27 Bn in FY-2027. The current decade is overseeing a shift to a larger organized sector. Customer retention and a higher range and depth of offerings are new goals among the organized market players of QSR.

Chatha Foods Limited is a frozen food processor, serving top QSRs, CDRs and other players in the HoReCa segment like Domino's & Subway's India franchise, Caf' Coffee Day, Wok Express, etc. The Company is deeply connected with the Indian food services/dining out industry and this accounted for almost our entire revenue for the six months ended September 30, 2023. Its brands, which sells under Chatha Foods are distributed through its network of 29 distributors covering 32 cities across India and catering to the needs of 126 mid segment & standalone small QSR brands.