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.
| Purpose | Amount (₹ Cr) |
|---|---|
| Setting up the Proposed Manufacturing Unit | — |
| . General Corporate Purposes | — |
| Metric | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Total Assets | 5,828 | 5,142 | 4,830 |
| Revenue | 7,078 | 11,724 | 8,740 |
| PAT | 7,078 | 245 | 67 |
| Net Worth | 2,516 | 2,175 | 1,930 |
| Reserves | 1,930 | 935 | 935 |
| Total Borrowing | 1,060 | 1,060 | 1,101 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 2,830,000 (47%) | — |
| NII / HNI | — | 850,000 (14%) | — |
| Retail (RII) | — | 850,000 (14%) | — |
| Market Maker | — | 300,000 (5%) | — |
| Total | — | 5,962,000 (100%) | — |
* Amount calculated at upper price band (₹56) · ** Total includes all investor categories
- 1 Initiation of Refund 27 Mar 2024
- 2 Credit of Shares to Demat 27 Mar 2024
- Retail allocation is weak at 14% of the total offering.
- HNI/NII demand is good at 14%.
- Institutional (QIB) interest is strong at 47%.
- The IPO P/E of 18x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹1 compares to post-issue EPS of ₹3 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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