Chatha Foods Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Chatha Foods

CMP

95.20

+2.72 (2.94%)

  • DRHP
₹56

Offer Price

₹ 33.39 Cr

Issue Size

₹ 1,12,000

Min Investment

2,000

Lot size

Time Line

  • 19
    Mar 2024
    Open
  • 21
    Mar 2024
    Close
  • 26
    Mar 2024
    Finalisation of Basis of Allotment
  • 27
    Mar 2024
    Initiation of Refunds
  • 27
    Mar 2024
    Transfer of Shares to Demat Account
  • 27
    Mar 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Setting up of an additional facility focusing on Vegetarian frozen RTEand RTC products.

  • Introducing Differentiated Products & Striving for Improved Margins in its Existing Business.

  • Introducing Products for International Expansion.

  • Expanding Vegetarian Product Offerings.

Products & Services

  • Chatha Foods Limited is a frozen food processor, serving top QSRs, CDRs and other players in the HoReCa segment like Domino`s & Subway`s India franchise, Caf� Coffee Day, Wok Express, etc.

Strengths

  • 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.

  • Customers of global repute.

Risks

  • The company intend to utilize a portion of the Net Proceeds for setting up the Proposed Manufacturing Facility at Village Tofhapur, Tehsil Dera Bassi, Distt SAS Nagar, Mohali, Punjab, India ("Proposed Manufacturing Facility"). The company is yet to place orders for plant and machinery and apply for requisite government approvals for the Proposed Manufacturing Facility. If the company is unable to commission its Proposed Manufacturing Facility without time and cost overruns or unable to adhere to the schedule of implementation, it may adversely affect its business, results of operations and financial condition.

  • The purchase of land by the Company for setting up the Proposed Manufacturing Facility is subject to compliance with certain terms and conditions. Failure to comply with such conditions could adversely affect its business and financial condition.

  • The company derives a substantial portion of its revenue from the sale of products in the non-vegetarian segment. Any loss of business in this segment may adversely affect its business, results of operations, financial conditions and cash flows.

  • The company Registered Office and godowns/ warehouses are not owned by the Company.

  • Its Promoter have extended personal guarantees and personal properties as collateral security with respect to various loan facilities availed by the Company. Revocation of any or all of these personal guarantees may adversely affect its business operations and financial condition.

Company Promoters

Promoters Holding

Issue For IPO
74.65%
Pre Holding

74.65%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 87.33 (42.70%) 117.23 (34.20%) 11.95 (-)
Gross Profit 87.33 (42.70%) 117.23 (34.20%) 11.95 (-)
Net Income 87.33 (42.70%) 117.23 (34.20%) 11.95 (-)
Assets 87.33 (42.70%) 117.23 (34.20%) 11.95 (-)
Liabilities 87.33 (42.70%) 117.23 (34.20%) 11.95 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Chatha Foods Ltd 117.23 2.45 34.16 12.41 11.95 0.00 17.54 1.12 0.31
Tasty Bite Eatables Ltd 475.66 30.21 461.01 461.01 12.40 117.73 948.92 6.55 0.31

Book Running Managers

  • Indorient Financial Services Ltd

Registrar & Transfer Agent

Skyline Financial Services Pvt

D-153/A 1st Flr,
Okhla Industrial Are,
Phase-I - New Delhi-110020
Phone : 91-11-26812682 Fax: 91-11-30857562

Company Contact Information

272 Mota Singh Nagar,
,
Jalandhar - 144001
Phone : +91 18146 16381 Email : cs@cfpl.net.in www.cfpl.net.in

Offer Related Information

Initial public issue consisting of fresh issue of 59,62,000 equity shares^ of face value of Rs. 10 each ("Equity Shares") of Chatha Foods Limited (the "Company" or the "Issuer") for cash at a price of Rs. 56 per equity share (including a share premium of Rs. 46 per equity share) aggregating to Rs. 33.39 crores^ (the "Issue"), of which 3,00,000 equity shares of face value of Rs. 10 each will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion").... More

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