The Chatha Foods date has been confirmed from March 19, 2024, and closes on March 21, 2024. Read the post to learn about Chatha Foods IPO GMP.
Ladies and gentlemen, let’s delve into the details of the Chatha Foods Developers IPO. We’re talking about a fixed price issue valued at a hefty Rs 34.00 crores, with shares priced enticingly between ₹53 to ₹56 each. Chatha Foods IPO GMP Today is ₹13. Now, to get your foot in the door, you’ll need to commit to a minimum lot size of 2000 Shares, translating to an investment of ₹112,000 for our retail investors and a doubled-up ₹224,000 for those High Net Worth Individuals (HNIs).
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Bidding Dates
March 19-21
Price Range
₹53 to ₹56 per share
Face Value
₹10 per share
GMP
₹10
Chatha Foods IPO GMP
The Chatha Foods IPO GMP Today is ₹10.
IPO Overview
This IPO is ushering in a fresh batch of 59.62 lakh shares, up for grabs from March 19, 2024, right through March 21, 2024. We’re anticipating the allocation to be wrapped up by March 26, 2024, with a tentative listing date set for March 27, 2024, on BSE SME.
Chatha Foods IPO Details
| IPO Date | March 19, 2024 to March 21, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹53 to ₹56 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,962,000 shares (aggregating up to ₹34.00 Cr) |
| Fresh Issue | 5,962,000 shares (aggregating up to ₹34.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 16,534,879 |
| Share holding post issue | 22,496,879 |
| Market Maker portion | 300,000 shares |
Chatha Foods Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,827.62 | 5,141.94 | 4,830.31 | 4,330.28 |
| Revenue | 7,078.03 | 11,724.23 | 8,740.31 | 6,119.03 |
| Profit After Tax | 341.04 | 245.20 | 67.24 | -400.35 |
| Net Worth | 2,516.15 | 2,175.12 | 1,929.93 | 1,862.68 |
| Reserves and Surplus | 862.66 | 935.00 | 689.81 | 622.56 |
| Total Borrowing | 987.96 | 1,060.19 | 1,101.33 | 1,065.03 |
| Amount in ₹ Lakhs | ||||
Chatha Foods IPO Timeline
| IPO Open Date | Tuesday, March 19, 2024 |
| IPO Close Date | Thursday, March 21, 2024 |
| Basis of Allotment | Tuesday, March 26, 2024 |
| Initiation of Refunds | Wednesday, March 27, 2024 |
| Credit of Shares to Demat | Wednesday, March 27, 2024 |
| Listing Date | Wednesday, March 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 21, 2024 |
Company Profile
Now, let’s shine a spotlight on Chatha Foods Limited (CFL), a titan in the frozen food processing arena since its inception in 1997. They’re the go-to for top QSRs, CDRs, and other players in the HoReCa market, dishing out a delectable array of sliced meat, chicken sausages, appetizers, and more. With their manufacturing hub nestled in District Mohali, they boast an impressive production capacity of 7,839 MT of frozen food products annually. Servicing over 126 mid-segment and small QSR companies across 32 cities in India, they’ve solidified their presence under the esteemed Chatha Foods brand. As of fiscal year 2023, their dedicated team comprised 284 diligent employees.
Registrar Info
| Name | Skyline Financial Services Private Ltd |
| Phone number | 02228511022 |
| Email ID | ipo@skylinerta.com |
| Website | skylinerta.com |
Contact Details
| Name | Chatha Foods Limited |
| Phone number | + 91 18146 16381 |
| Email ID | cs@cfpl.net.in |
| Website | cfpl.net.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
