Chatha Foods Limited IPO
- IPO Date19 Mar, 2024 to 21 Mar, 2024
- Listing Date27 Mar, 2024
- Face Value₹10 per share
- Issue Price₹53 to ₹56 per share
- Lot Size2000 Shares
- Minimum Investment₹1,12,000
- Listing AtBSE SME
- Total Issue Size59,62,000 Shares
(aggregating up to ₹33.39 Cr) - Fresh Issue59,62,000 Shares
(aggregating up to ₹33.39 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,65,34,879
- Shareholding post issue2,24,96,879
IPO Dates
Closing Date
21 Mar, 2024
Initiation of Refunds
27 Mar, 2024
Listing Date
27 Mar, 2024
19 Mar, 2024
Opening Date
26 Mar, 2024
Basis of Allotment
27 Mar, 2024
Credit of Shares
Chatha Foods Limited Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,12,000 |
| HNI (Min) | 2 | 4000 | ₹2,24,000 |
| Retail (Max) | 1 | 2000 | ₹1,12,000 |
Chatha Foods Limited Promoter Holding
Paramjit Singh Chatha, Gurpreet Chatha, Gurcharan Singh Gosal and Anmoldeep Singh are the company promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 81.36% | - |
Chatha Foods Limited COMPANY INFORMATION
Chatha Foods IPO is a book built issue of Rs 34.00 crores. The issue is entirely a fresh issue of 59.62 lakh shares. Chatha Foods IPO bidding started from March 19, 2024 and ended on March 21, 2024. The allotment for the Chatha Foods IPO is expected to be finalized on Tuesday, March 26, 2024. Chatha Foods IPO will be listed on BSE SME on March 27, 2024. Chatha Foods IPO price band is set at ₹53 to ₹56 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹112,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹224,000. Indorient Financial Services Ltd is the book running lead manager of the Chatha Foods IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Chatha Foods IPO is Alacrity Securities. Refer to Chatha Foods IPO RHP for detailed information.
Incorporated in 1997, Chatha Foods Limited (CFL) is a frozen food processor. The company offers frozen food products to top QSRs (Quick Serving Restaurants), CDRs (Casual Dining Restaurants), and other players in the HoReCa (Hotel-Restaurant-Catering) segment. Chatha Foods' product portfolio includes Chicken Appetizers, Meat Patties, Chicken Sausages, Sliced Meat, Toppings & Fillers and more. The company produces more than 70 meat products.
The company sells products under the brand Chatha Foods and distributes through the network of 29 distributors covering 32 cities across India and catering to the needs of 126 mid-segment & standalone small QSR brands.
Chatha Foods Limited has a Manufacturing Facility, located in District Mohali, with a production capacity of approximately 7,839 MT for all the frozen food products.
The company is serving top QSRs, CDRs and other players in the Hotel-Restaurant-Catering segment like Domino's & Subway's India franchise, Café Coffee Day, Wok Express, etc.
Negen Undiscovered Value Fund invested in the Company in 2023 and holds a 10% stake. The company has 284 employees in fiscal year 2023.
FAQs About Chatha Foods Limited Ipo
Chatha Foods Limited IPO will open on 19 Mar, 2024 and close on 21 Mar, 2024. Investors must apply within this period to participate.
The Chatha Foods Limited IPO price band is set between ₹53.00 and ₹56.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹112000.00.
The Chatha Foods Limited IPO shares are expected to be listed on 27 Mar, 2024, subject to regulatory approvals and final allotment.
You can track your Chatha Foods Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Chatha Foods Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.