Chatha Foods was incorporated on 8 October 1997. The company is a frozen food processor, serving top quick-service restaurants, casual dining restaurants, and other players in the hotel-restaurant-catering segment.
| Bidding Dates |
|---|
| 19 Mar 2024 - 21 Mar 2024 |
| Subscription |
|---|
| 18x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,06,000 | 1 | 1 | 2000 | 6.0 M | ₹53 - ₹56 | 59.8 % | ₹316.0 M - ₹333.9 M | RHP DOC |
Chatha Foods IPO SUBSCRIPTION STATUS
21 Mar '24Chatha Foods IPO overall subscription rate was 18 times the total available shares
Chatha Foods IPO retail subscription rate was 14.6 times in the retail segment
Chatha Foods IPO non-institutional investor subscription rate was 33.17 times in the non-institutional investor category
Chatha Foods IPO Qualified Institutional Bidder subscription rate was 8.54 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
21 Mar 2024 (Day 3) | 14.6x | 33.17x | 8.54x |
20 Mar 2024 (Day 2) | 3.49x | 1.87x | 0.87x |
19 Mar 2024 (Day 1) | 1.4x | 1.36x | 0.87x |
Chatha Foods FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 34.1 | 707.8 | 20.8 | 11.9 | 9.3% |
| FY23 | 24.5 | 1,172.3 | 31.5 | 14.4 | 6.1% |
| FY22 | 6.7 | 873.3 | 56.3 | 3.6 | 5.1% |
| FY21 | -40.0 | 611.8 | -8.7 | -29.9 | -3.3% |
Chatha Foods IPO SUBSCRIPTION STATUS DETAILS
Chatha Foods had 6.0 M shares on offer
Chatha Foods IPO offer price was in the range ₹53 - ₹56
Chatha Foods IPO minimum Investment was ₹106000
Chatha Foods IPO issue size was ₹ 316.0 M - ₹ 333.9 M
Chatha Foods had a minimum lot size of 2000 Shares per application
Chatha Foods NUMBER OF SHARES ON OFFER
Chatha Foods IPO IMPORTANT DATES
| Issue Open Date | 19 Mar 2024 |
| Issue close Date | 21 Mar 2024 |
| Allotment Date | 26 Mar 2024 |
| Refund Date | 27 Mar 2024 |
| Demat Account Credit Date | 27 Mar 2024 |
| Listing Date | 27 Mar 2024 |
| Listing on Exchange(s) | BSE |
| Chatha Foods Allotment Status | Exchange |
Chatha Foods IPO subscription opened on 19 Mar 2024, and closed on 21 Mar 2024
IPO allotment for Chatha Foods was finalized on Tuesday, 26 Mar 2024
IPO listing for Chatha Foods was on BSE on Wednesday, 27 Mar 2024
Chatha Foods IPO LISTING GAINS
| Issue Price (adjusted) | 56.0 |
| Listing Open Price | 73.0 |
| Listing Close Price | 76.7 |
| Listing Gain% | 30.4% |
| Current Gain% | 108.4% |
Chatha Foods Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Chatha Foods Ltd. | 116.7 | 262.6 | 44.1 | 1.6 | 7.2 | 3.9 | 166.1 | 6.4 | 2.6 | ||||
| Varun Beverages Ltd. | 445.5 | 150688.8 | 44.5 | 2.4 | 6.2 | 15.5 | 11.9 | 22037.7 | 9.5 | 3036.5 | 17 | 10 | 18.9 |
| EID Parry (India) Ltd. | 791.2 | 14080.7 | 24.7 | -0.7 | 0.4 | 6.5 | 1.9 | 38883.4 | 21.6 | 569.5 | -35.2 | 32 | -35.2 |
| Avanti Feeds Ltd. | 903.8 | 12313.2 | 20.3 | 1.4 | 2 | 18.4 | 14.2 | 6276.5 | 8.6 | 606.1 | 14.6 | 44.5 | 14.6 |
| Manorama Industries Ltd. | 1674 | 10566.7 | 49.2 | 0.2 | 7.7 | 32 | 18.1 | 1377.1 | 73.9 | 214.9 | 95.8 | 34.1 | 204.8 |
| Sanstar Ltd. | 113 | 2058.6 | 59.7 | -2.8 | 2.6 | 5 | 4.3 | 796.4 | -18 | 34.4 | -21.3 | 1.9 | -21.3 |
Chatha Foods INFORMATION ON IPO ISSUE
About Chatha Foods
Chatha Foods was incorporated on 8 October 1997. The company is a frozen food processor, serving top quick-service restaurants, casual dining restaurants, and other players in the hotel-restaurant-catering segment.
Object of the Issue
- Setting up the proposed manufacturing unit
- General corporate purposes
Chatha Foods - PROMOTERS
| Name |
|---|
| Paramjit Singh Chatha |
| Gurpreet Chatha |
| Gurcharan Singh Gosal |
| Anmoldeep Singh |
Chatha Foods Lead Manager of the Issue
Indorient Financial Services Limited
compliance-ifsl@indorient.in
Chatha Foods Registrar to the Issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
Chatha Foods Strengths
Strong supply chain
The company has a strong supply chain and input sourcing for quick-service restaurants, casual dining restaurants, and other outdoor dining options in India
Timely supply of quality products
The company's timely supply of quality products repeatedly is key for QSR, CDR, and other outdoor dining options in India
Chatha Foods Risks
Negative cash flow
The company has reported negative cash flow in the past. Any negative cash flows in the future would adversely affect the business
Highly competitive industry
The company operates in a highly competitive industry. It also faces competition from both domestic and multinational corporations
IPO FAQs
The promoters of the company are Paramjit Singh Chatha, Gurpreet Chatha, Gurcharan Singh Gosal and Anmoldeep Singh.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 53.0 - 56.0.
The IPO application opens on Mar 19, 2024 and closes on Mar 21, 2024.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 106,000.0, the maximum value for this IPO is Rs 112,000.0.
This IPO will be allotted on Mar 26, 2024.
The refund will be credited to your account on Mar 27, 2024.
The allotted shares will be credited to your demat on Mar 27, 2024.
Chatha Foods Ltd.’s shares listed on the stock exchanges on Mar 27, 2024.