Issue Price
₹56
Per Share
GMP
NIL
Grey Market
Est. Listing
₹56
Expected Price
Min. Application
₹224,000
2 lots × 2000 shares
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.
Chatha Foods Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 300,000 | — | ₹1.68 Cr | — |
| TOTAL | 5,962,000 | 100.00% | ₹33.39 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹112,000 |
| Retail (Max) | 13 | 26,000 | ₹1,456,000 |
| sNII (Min) | 14 | 28,000 | ₹1,568,000 |
| bNII (Min) | 68 | 136,000 | ₹7,616,000 |
| Particulars | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 7078.03 | 11724.23 | 8740.31 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 7078.03 | 245.20 | 67.24 |
| Net Worth | 2516.15 | 2175.12 | 1929.93 |
| Total Assets | 5827.62 | 5141.94 | 4830.31 |
| Reserves & Surplus | 1929.93 | 935.00 | 935.00 |
| Total Borrowings | 1060.19 | 1060.19 | 1101.33 |