Chatha Foods IPO (Image Source: iStockphoto)
Chatha Foods IPO, a book-built issue valued at Rs 34.00 crores, comprises an entirely fresh issue of 59.62 lakh shares. At the time of filing, on the final day, the IPO witnessed a subscription rate of 12.63 times, indicating robust investor interest. The public issue was subscribed 10.63 times in the retail category, 8.53 times in the Qualified Institutional Buyer (QIB) category, and over 22 times in the Non-Institutional Investor (NII) category,
Chatha Foods IPO Subscription Window
The subscription window for the IPO opened on March 19, 2024, and is set to close on March 21, 2024.
Chatha Foods IPO Allotment Date
The allotment for the Chatha Foods IPO is expected to be finalised by Tuesday, March 26, 2024.
Chatha Foods IPO Listing Date
The tentative listing of Chatha Foods IPO on BSE SME scheduled for Wednesday, March 27, 2024.
Chatha Foods IPO Price Band
The price band for the Chatha Foods IPO ranges from Rs 53 to Rs 56 per share, with a minimum lot size of 2000 shares. Retail investors are required to invest a minimum amount of Rs 112,000, while for High Net Worth Individuals (HNIs), the minimum lot size investment is set at 2 lots (4,000 shares), amounting to Rs 224,000.
Chatha Foods IPO GMP
As per multiple websites that track the grey market premium activities, the shares of Chatha Foods are commanding a GMP in the price range of Rs 5 – 10 in the unlisted market.
Indorient Financial Services Ltd serves as the book running lead manager for the IPO, with Skyline Financial Services Private Ltd acting as the registrar. Market maker duties for the Chatha Foods IPO are entrusted to Alacrity Securities.
Chatha Foods Limited was established in 1997 and it specializes in frozen food processing, catering primarily to Quick Serving Restaurants (QSRs), Casual Dining Restaurants (CDRs), and other players in the Hotel-Restaurant-Catering (HoReCa) segment. CFL’s diverse product portfolio includes Chicken Appetizers, Meat Patties, Chicken Sausages, Sliced Meat, Toppings & Fillers, offering over 70 meat products.
Under the brand Chatha Foods, the company distributes its products through a network of 29 distributors across 32 cities in India, serving 126 mid-segment and standalone small QSR brands.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. TT Research DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
