Chatha Foods IPO Details | GMP Price | Date | Review

Chatha Foods IPO Details|GMP Price| Date |Review

OUR BUSINESS

Chatha Foods Limited (CFL) Incorporated in 1997 is one of India’s Recognised frozen food processor, serving top QSRs (Quick Serving Restaurants), CDRs (Casual Dining Restaurants), and other players in the HoReCa (Hotel-Restaurant-Catering) segment.

“Chatha Foods” are distributed through our network of 29 distributors covering 32 cities across India and catering to the needs of 126 mid segment & standalone small QSR brands.

All our products are produced at our manufacturing facility, located in District Mohali, with a production capacity of approximately 7,839 MT for all our frozen food products.

Our business Model is Following :-

(a) Concept Manufacturing: CFL owns the product formula made for all brands and ensures that customers are provided with complete turnkey solutions. Based on extensive research and testing methods, CFL offers Customisable options at competitive prices. The Company Utilises its skilled team of food technologists & product designers in Conceptualising the products’ unique brand identity.

(b) Concept Sharing Manufacturing: Our customers share the product formula and ideas and work with us to develop products suitable for the customers’ brands.

(c) Own Brands: We sell our own brand products through our distribution network across industry comprising of mid segment & Standalone QSR Brands.

With the support of our dedicated team, we have successfully developed an efficient business model that emphasizes strict control over key processes, including raw ingredient procurement, manufacturing operations, inventory management of our extensive product range and SKUs, as well as the smooth management of distribution logistics throughout India. Furthermore, our information technology system seamlessly integrates all aspects of our operations, from manufacturing and logistics to transportation, inventory management, invoicing, and cost management. 

CHATHA FOODS IPO DATE & PRICE BAND DETAILS

IPO Open Date Mar 19, 2024
IPO Close Date Mar 21, 2024
IPO Size Approx ₹34 Crores
IPO Face Value ₹10 Per Equity Share"
IPO Price Band ₹53-₹56 Per Every Share
IPO Listing On BSE SME
IPO Retail Quota 35%
IPO QIB Quota 50%
IPO NII Quota 15%
DRHP Draft Click Here

CHATHA FOODS IPO MARKET LOT DETAILS

Application Lot Size Shares Amount
Retail Minimum 1 2000 ₹112,000
Retail Maximum 1 2000 ₹112,000
S-HNI Minimum 2 4000 ₹224,000

Product Portfolio includes Three Categories:-

(a) Non-Vegetarian:

We manufacture and sell non-vegetarian products such as pizza toppings, sandwich fillings, burger patties, snacks and more to leading QSR’s, CDR’s and other HoReCa segment players.

(b) Vegetarian:

We manufacture and sell vegetarian products such as pizza toppings, sandwich fillings, burger patties, taco fillings to leading QSR’s, CDR’s and other HoReCa segment players. We ventured into vegetarian products in the year 2022.

(c) Plant-Based:

We manufacture and sell plant-based products such as plant-based sausages, salami, pepperoni; Indian snacks like kebabs, tikkas & samosas; plant-based nuggets & burger patties, grilled burger patties to certain QSRs, CDRs and other HoReCa segment players. Additionally, we supply our products to larger conglomerates and other companies under their own brand names, including Bluetribe (Alkem Group), Shaka Harry (Liberate Foods), Green Bird (Continental Coffee), Plantaway (Graviss Group), and many others. We ventured into plant-based mock meat products in the year 2021 the overall success of our business.

CHATHA FOODS IPO ALLOTMENT & LISTING DATE (DETAILS)

IPO Open Date Mar 19, 2024
IPO Close Date Mar 21, 2024
Basis of Allotment Mar 26, 2024
Refunds Mar 27, 2024
Credit to Demat Account Mar 27, 2024
IPO Listing Date Mar 27, 2024

CHATHA FOODS FINANCIAL REPORTS

₹ in Crores
Year Revenue Expense PAT
2023 6M ₹70.78 ₹66.02 ₹3.41
2023 ₹117.24 ₹113.87 ₹2.45
2022 ₹87.40 ₹86.36 ₹0.67
2021 ₹61.19 ₹66.72 ₹4.00

OBJECTS OF ISSUE

1. Setting up a Proposed Manufacturing Unit.
2. General Corporate Purposes.

 QUALITATIVE FACTORS

  • Strong Supply Chain and Input Sourcing for QSR, CDR and Other Outdoor Dining Options in India.
  • In-house Manufacturing Plant Layout & Designing Capability as per the GFSI approved global foods safety standards.
  • Quality Compliance, Control and Quality Standards.
  • Experienced Promoters and Management.
  • High quality standards .

CHATHA FOODS IPO PEER COMPARISON

Company Name Price Face Value EPS P/E Ratio Ro NW (%) NAV Per Revenue (₹ in Lakhs)
Tasty Bite Eatables limited 16,138,55 10 117.73 137.08 12.41 948.92 49,942.90

COMPANY PROMOTER

  • Paramjit Singh Chatha
  • Gurpreet Chatha
  • Gurcharan Singh Gosal
  • Anmoldeep Singh

CHATHA FOODS COMPANY CONTACT DETAILS

272, Mota Singh Nagar,
Jalandhar – 144 001, Punjab, India.
EMAIL: cs@cfpl.net.in
TELEPHONEL: + 91 18146 16381
WEBSITE: www.cfpl.net.in

CHATHA FOODS IPO REGISTAR

Skyline Financial Services Private Limited
D-153 A, 1st Floor,
Okhla Industrial Area,Phase – I ,
New Delhi – 110 020, India.
Telephone: + 91 97187 39908
Email: contact@skylinerta.com, info@skylinerta.com
Website: www.skylinerta.com
Investor Grievance Id: contact@skylinerta.com
Contact Person: Dinesh, Meenakshi

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