Chatha Foods Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Chatha Foods Ltd IPO

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.

Chatha Foods Ltd IPO Details

Total Shares Offered

₹ 59,62,000

Offer to Public

TBA

Retail Max (Shares)

₹ 19,82,000

Pre Issue Promoters Holding

₹ 1,23,43,185

Exchange

BSE

Issue size

₹ 34 Cr

IPO Open Date

Mar 19, 2024

Close Date

Mar 21, 2024

Lot Size

2000

Min Investment

₹ 1,06,000

Issue Type

Book Building - SME

Listing Date

Mar 27, 2024

Chatha Foods Ltd IPO Dates

Mar 19, 2024

Opening date

Mar 21, 2024

Closing date

Mar 26, 2024

Basis of Allotment

Mar 27, 2024

Initiation of Refunds

Mar 27, 2024

Credit of Shares

Mar 27, 2024

Listing date

Details

Sector	Type
Sector	Food - Processing - Indian
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	2830000
NII	0x	850000
Retail	0x	1982000
Employee	0x	0
Total	0x	5962000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

2830000

850000

1982000

5962000

Chatha Foods Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	157.17	11.35	6.12
EBITDA	14.17	14.15	8.87
PAT	6.06	6.17	2.45
Total Assets	59.58	53.23	20.26
Share Capital	24.08	22.50	12.40
Total Borrowings	14.34	10.13	11.94
Operating Activities (Net Cash)	8.99	8.97	5.20
Investing Activities (Net Cash)	-8.27	0.00	0.00
Financing Activities (Net Cash)	14.34	10.13	11.94
Net Cashflow	20.44	28.13	0.16

About Chatha Foods Ltd

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.

Peer Comparison:

Tasty Bite Eatables Ltd

Chatha Foods Ltd Key Points

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.

Risk

The company intend to utilize a portion of the Net Proceeds for setting up the Proposed Manufacturing Facility at Village Tofhapur, Tehsil Dera Bassi, Distt SAS Nagar, Mohali, Punjab, India (Proposed Manufacturing Facility). The company is yet to place orders for plant and machinery and apply for requisite government approvals for the Proposed Manufacturing Facility. If the company is unable to commission its Proposed Manufacturing Facility without time and cost overruns or unable to adhere to the schedule of implementation, it may adversely affect its business, results of operations and financial condition.

The purchase of land by the Company for setting up the Proposed Manufacturing Facility is subject to compliance with certain terms and conditions. Failure to comply with such conditions could adversely affect its business and financial condition.

The company derives a substantial portion of its revenue from the sale of products in the non-vegetarian segment. Any loss of business in this segment may adversely affect its business, results of operations, financial conditions and cash flows.

Strategy

Setting up of an additional facility focusing on Vegetarian frozen RTEand RTC products.

Introducing Differentiated Products & Striving for Improved Margins in its Existing Business.

Introducing Products for International Expansion.

Expanding Vegetarian Product Offerings.

How To Apply for Chatha Foods Ltd IPO Online?

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From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Chatha Foods Ltd IPO?

Chatha Foods Ltd's IPO offers shares for up to 34 It begins on Mar 19, 2024 and ends on Mar 21, 2024.

What is the price of the Chatha Foods Ltd IPO?

The price of Chatha Foods Ltd IPO ranges between ₹53 to ₹56 per share.

What are the open and close dates for the Chatha Foods Ltd IPO?

The Chatha Foods Ltd IPO opens on Mar 19, 2024 and closes on Mar 21, 2024.

When will the Chatha Foods Ltd IPO be allotted?

The allotment for the Chatha Foods Ltd IPO will be finalised on Mar 26, 2024. The shares will be listed on BSE and NSE on Mar 27, 2024.

What is the minimum lot size required for Chatha Foods Ltd IPO?

The minimum lot size for Chatha Foods Ltd IPO is 2000 shares, priced between ₹53 to ₹56 per share.

What is the GMP of Chatha Foods Ltd IPO?

The GMP (Grey Market Premium) of Chatha Foods Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Chatha Foods Ltd IPO?

To check the allotment status of Chatha Foods Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Chatha Foods Ltd IPO getting listed?

The Chatha Foods Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Mar 19, 2024, and closes on Mar 21, 2024. The allotment is finalised on Mar 26, 2024.

How do you apply for the Chatha Foods Ltd IPO?

To apply for the Chatha Foods Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.