15-Mar-2024
2 mins read
Chatha Foods IPO is open for subscription starting from Tuesday, March 19, 2024, and will close on Thursday, March 21, 2024. The price band of this upcoming IPO is decided at Rs 53 to Rs 56 per share. The minimum lot size of this application for the retail category is 2000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 4000 shares. The minimum amount of investment required for retail category investors is Rs 1,12,000 (56 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,24,000 (56 x 4000 shares). Chatha Foods IPO is a book-built issue of Rs 34 crores. This upcoming IPO issue is completely a fresh issue of 59.62 lakh equity shares. The offer for sale component is not available in this issue. The allotment for this new IPO is expected to be finalised on Tuesday, March 26, 2024. Chatha Foods IPO will be listed on NSE SME, and the listing date is fixed on Wednesday, March 27, 2024. The book-running lead manager of Chatha Foods IPO is Indorient Financial Services Limited. The registrar for this IPO is Skyline Financial Services Private Limited. The market maker of this IPO is Alacrity Securities.
About Chatha Foods Limited Company Profile
Chatha Foods Limited was incorporated in 1997, engaged in the business offering frozen food processing. Company offers frozen food to the Quick Service Restaurant, Casual Dining Restaurant and other players in the Hotel Restaurant Catering segment. The product portfolio of Chatha foods includes Meat Patties, Chicken Sausages, Chicken Appetisers, Sliced Meat, Toppings and Fillers etc. Chatha Foods produces more than 70 meat products. Company is backed by hi tech technology and capable of meeting the ever increasing demand arising from leading national and international Quick Service Restaurant. The raw meat entering into the company's plant undergoes several hygienic and modern processes before getting packed and distributed in the market. The products of the company distributes through a network of 29 distributors covering 32 cities across india. The manufacturing facility is located in Mohali, District with a production capacity of 7839 MT for all the frozen food products.
Objectives of Chatha Foods Limited IPO
The net fund received from this IPO will be utilised for setting up the proposed manufacturing unit for expanding their business. Other than this, the general corporate purposes like meeting working capital requirements, capital expenditure etc are also fulfilled.
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Financials of Chatha Foods Limited (Amt in Rs Lakhs)
Chatha Foods posted a revenue of Rs 7,078.03 lakhs and net profit of Rs 341.04 lakhs for the quarter ending on 30 September 2024. The revenue increased by 34.14% and net profit increased by 264.66% between the FY ending on 31 March 2023 and 31 March 2022.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| 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 | 245.2 | 67.24 | -400.35 |
| Net Worth | 2,516.15 | 2,175.12 | 1,929.93 | 1,862.68 |
| Reserves and Surplus | 862.66 | 935 | 689.81 | 622.56 |
| Total Borrowing | 987.96 | 1,060.19 | 1,101.33 | 1,065.03 |
Other Important Details of Chatha Foods IPO
| IPO Date | March 19, 2024 to March 21, 2024 |
| Listing Date | 27-Mar-24 |
| Face Value | Rs 10 per share |
| Price Band | Rs 53 to Rs 56 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,962,000 shares amounting to Rs 34 crores |
| Fresh Issue | 5,962,000 shares amounting up to Rs 34 crores |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 16,534,879 |
| Shareholding post issue | 22,496,879 |
| Market Maker portion | 300,000 shares |
Time-Table of Chatha Foods IPO
| IPO Open Date | Tuesday, March 19, 2024 |
| IPO Close Date | 21-Mar-24 |
| 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 | 5 PM on March 21, 2024 |
Lot Size of Chatha Foods IPO
| Application | Lots | Shares | Amount |
| Retail - minimum | 1 | 2000 | Rs 112,000 |
| Retail - maximum | 1 | 2000 | Rs 112,000 |
| HNI - minimum | 2 | 4,000 | Rs 224,000 |
IPO Reservation of Chatha Foods Limited
| Investor Category | Shares Offered |
| QIB Shares | Not more than 50 percent of the Issue |
| Retail Shares | Not less than 35 percent of the Issue |
| NII (HNI) Shares | Not less than 15 percent of the Issue |
Key Performance Indicator of Chatha Foods Limited IPO
| KPI | Values |
| ROE | 14.54% |
| ROCE | 14.81% |
| Debt/Equity | 0.39 |
| RoNW | 14.54% |
| P/BV | 3.68 |
| PAT Margin | 4.82% |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 1.48 | 3.03 |
| P/E | 37.76 | 18.47 |
Promoters of Chatha Foods Limited and Their Holdings
The promoters of Chatha Foods company are Paramjit Singh Chatha, Gurpreet Chatha, Gurcharan Singh Gosal and Anmoldeep Singh.
| Shareholding Pre Issue | 81.36 percent |
| Shareholding Post Issue | - |
Lead Manager(s) of Chatha Foods IPO
The lead manager for Chatha Foods IPO is Indorient Financial Services Limited.
How do you apply for the Chatha Foods IPO?
Wait for the public issue to open for subscription, then click here to apply for the Chatha Foods Limited IPO with Bigul.
How do you check the allotment status of Chatha Foods IPO?
The registrar for Chatha Foods IPO is Skyline Financial Services Private Limited. To check your allotment status, please click here.
FAQs
1. What is Chatha Foods IPO?
Chatha Foods IPO is a book-built issue of Rs 34 crores. This upcoming IPO issue is completely a fresh issue of 59.62 lakh equity shares. The offer for sale component is not available in this issue.
2. Who are the lead managers for the Chatha Foods Limited IPO?
Indorient Financial Services Limited is appointed as the lead manager for the IPO.
3. What is the role of Skyline Financial Services Private Limited in this IPO?
Skyline Financial Services Private Limited is the registrar for Chatha Foods Limited, handling the IPO's administrative aspects.
4. How can I apply for the Chatha Foods IPO?
The public subscription of this new IPO will open on March 19, 2024. Click here to initiate the application process.
5. How will the net proceeds from the IPO be utilised?
The net fund received from this IPO will be utilised for setting up the proposed manufacturing unit for expanding their business. Other than this, the general corporate purposes like meeting working capital requirements, capital expenditure etc are also fulfilled.
6. How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the Chatha Foods Limited IPO 2024 by visiting here.
7. What is the financial performance of Chatha Foods Limited?
Chatha Foods posted a revenue of Rs 7,078.03 lakhs and net profit of Rs 341.04 lakhs for the quarter ending on 30 September 2024. The revenue increased by 34.14% and net profit increased by 264.66% between the FY ending on 31 March 2023 and 31 March 2022.
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