
Emerging SME Services · BSE
Chatha Foods Limited (CFL), founded in 1997, has emerged as a key player in the frozen food processing industry, supplying a diverse range of over 70 meat-based products to Quick Service Restaurants (QSRs), Casual Dining Restaurants (CDRs), and the Hotel-Restaurant-Catering (HoReCa) sector. Operating under the brand Chatha Foods, CFL's portfolio includes Chicken Appetizers, Meat Patties, Sausages, Sliced Meat, and Toppings & Fillers, distributed through a network of 29 distributors across 32 cities, serving 126 mid-segment and standalone QSR brands. With a manufacturing facility in District Mohali boasting a production capacity of approximately 7,839 MT, the company ensures a steady supply to major clients such as Domino’s, Subway, Café Coffee Day, and Wok Express. The strategic investment by Negen Undiscovered Value Fund in 2023, acquiring a 10% stake, highlights CFL’s strong market position and growth potential. Backed by a workforce of 284 employees in fiscal year 2023, CFL remains dedicated to quality, innovation, and expanding its footprint in India's evolving frozen food market.
Price Band
₹53 – ₹56
Issue Size
₹34.00 Cr
Lot Size
2000 shares
GMP
+17.9%
Est. Listing
₹66
at current GMP
Subscribed
19.36x
overall
Open
19 Mar 2024
Close
21 Mar 2024
Allotment
22 Mar 2024
Refund
23 Mar 2024
Demat Credit
24 Mar 2024
Listing
27 Mar 2024
Designated Registrar: Skyline Financial Services Private Limited
Allotment Date
22 Mar 2024
Basis finalization
Refunds Initiate
23 Mar 2024
Mandate release
Demat Credit
24 Mar 2024
Shares in demat
Listing Debut
27 Mar 2024
Trading begins
Chatha Foods Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹34 Crores. The shares are offered at a price band of ₹53 to ₹56 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-03-21, the basis of allotment is scheduled to be finalized on 2024-03-22. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Skyline Financial Services Private Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.