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Chatha Foods Limited IPO

Chatha Foods Limited IPO

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Listing Date :
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Listed Price: ₹ 73.00 (+30.36%)

Chatha Foods Limited's successfully completed its Initial Public Offering and commenced trading on 27-03-2024 at the BSE exchange. The company raised 59,62,000 Shares through this public offering, comprising 59,62,000 Shares in fresh capital.

The IPO was priced within the band of ₹53 to ₹56, with minimum application lots of 2000 shares. The offering attracted significant investor interest during its subscription period from 19-03-2024 to 21-03-2024.

Share allotment was finalized on 22-03-2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

Chatha Foods IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Chatha Foods IPO Key Performance Indicator
Company Financials ( in ₹ Lakhs )

Chatha Foods IPO About Company

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.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Chatha Foods IPO Strength Factors

  1. Supply Chain Optimization: A strong supply chain tailored to QSRs and CDRs ensures reliability and efficiency, reducing supply disruptions and enhancing customer satisfaction.
  2. In-House Manufacturing & Compliance: The ability to design and maintain GFSI-approved facilities gives the company an edge in maintaining product safety and quality.
  3. Experienced Leadership: The strategic vision of experienced promoters and management ensures steady growth and adaptability in a dynamic market.

Chatha Foods IPO Risk Factors

  1. Manufacturing Facility Risks: To mitigate implementation delays, the company could establish contingency plans, work with reliable contractors, and secure necessary approvals in advance.
  2. Land Purchase Compliance: Engaging legal experts to ensure all conditions are met can help avoid regulatory setbacks.
  3. 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.
  4. Mock Meat Market Entry: Conducting consumer research and strategic partnerships with plant-based food brands may improve market penetration and acceptance.

Chatha Foods IPO Lead Manager(s)

  • Indorient Financial Services Limited

Chatha Foods IPO Promoter(s)

  1. Paramjit Singh Chatha
  2. Gurpreet Chatha
  3. Gurcharan Singh Gosal
  4. Anmoldeep Singh

Chatha Foods IPO Company Details

Chatha Foods Limited
Phone:
address:

Chatha Foods IPO Registrar

Skyline Financial Services Private Limited
Name:
Phone:

Chatha Foods IPO FAQs