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Chatha Foods IPO
Price Band
₹53.0–56.0
Issue Size
₹33.39 Cr
Lot Size
2,000 shares
Min Investment
₹112,000
GMP
+₹10.0 (17.86%)
Issue Price
₹56.0
Subject to Sauda
₹15200
Paid only if allotted
Chatha Foods IPO AI Summary
- Chatha Foods IPO is listed on BSE SME in the Packaged Foods sector.
- Price band: ₹53.0–₹56.0 per share, lot size 2,000 shares (min. investment ₹112,000).
- Subscription window: 19 Mar–21 Mar 2024, listing on 27 Mar 2024.
- Current GMP is +₹10.0 (17.86%), an estimated listing price of ₹66 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Chatha Foods IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 21 Mar 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Chatha Foods IPO Grey Market Premium (GMP) Today
GMP
+₹10.0
GMP %
+17.86%
Est. Listing
₹66.0
Updated: 25 Jul 2026 14:06
About the Company
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.
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 58.28 | 51.42 | 48.30 | 43.30 |
| Total Income | 70.78 | 117.24 | 87.40 | 61.19 |
| Profit After Tax | 3.41 | 2.45 | 0.67 | -4.00 |
| NET Worth | 25.16 | 21.75 | 19.30 | 18.63 |
| Reserves and Surplus | 8.63 | 9.35 | 6.90 | 6.23 |
| Total Borrowing | 9.88 | 10.60 | 11.01 | 10.65 |
Key Ratios
EPS
₹1.48
NAV
₹15.22
ROE
14.54%
ROCE
14.81%
RoNW
14.54%
P/B Value
3.68
P/E Ratio
37.76
Market Cap
₹125.98 Cr
PAT Margin
4.82%
Debt/Equity
0.39
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Tasty Bite Eatables Ltd. | 948.92 | 12.41% | 114.23 | 117.73 | — |
| Chatha Foods Limited This IPO | 17.54 | 14.54% | 37.76 | 1.48 | 1.48 |
Promoters
Paramjit Singh Chatha, Gurpreet Chatha, Gurcharan Singh Gosal and Anmoldeep Singh
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Setting up the Proposed Manufacturing Unit 24.11 2 General Corporate Purposes 4.47
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹61.19 Cr in the period ending 31 Mar 2021, rising to ₹87.40 Cr by 31 Mar 2022, and further increasing to ₹117.24 Cr by 31 Mar 2023. However, in the most recent period ending 30 Sep 2023, Total Income decreased to ₹70.78 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was -₹4.00 Cr in the period ending 31 Mar 2021, improving to ₹0.67 Cr by 31 Mar 2022, and further increasing to ₹2.45 Cr by 31 Mar 2023. In the latest period ending 30 Sep 2023, Profit After Tax rose to ₹3.41 Cr.
Valuation
Chatha Foods Limited has an implied P/E of 37.76 at the issue price, compared to peers like Tasty Bite Eatables Ltd., which trades at a P/E of 114.23. This means Chatha Foods is priced at roughly 0.33 times the trailing earnings of its peers.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the difference between the issue price and the price at which the shares are traded in the grey market before they are officially listed. A positive GMP suggests that the market anticipates the stock will list at a premium to the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential, market position, and overall financial health. It's essential to consider how the company fits into your investment strategy and risk tolerance.
Who May Want to Wait
Investors who prefer stable, established companies with predictable earnings might want to avoid IPOs like this one, which can be subject to market fluctuations and operational risks associated with growth in the food processing sector.
IPO Timeline, Explained
The IPO process includes several key dates: the opening date for subscription is on 19 March 2024, closing on 21 March 2024. Allotment of shares will be done by 26 March 2024, and the shares are expected to be listed on the stock exchange on 27 March 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange and traded for the first time. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance. It is important to understand that the stock price may fluctuate after listing, and gains on the listing day may not reflect the stock's long-term value.
This evaluation is generated from Chatha Foods's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Chatha Foods IPO GMP today?
Chatha Foods IPO GMP today is +₹10.0 (17.86%), indicating an estimated listing price of ₹66. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Chatha Foods IPO?
The price band of Chatha Foods IPO is ₹53.0–₹56.0 per share.
When does Chatha Foods IPO open and close?
Chatha Foods IPO opens on 19 March 2024 and closes on 21 March 2024.
When does Chatha Foods IPO list on the stock exchange?
Chatha Foods IPO listed on 27 March 2024 at ₹66.0.
What is the lot size for Chatha Foods IPO?
The lot size for Chatha Foods IPO is 2000 shares, requiring a minimum investment of ₹112,000.
What is the price band for the IPO?
The price band for the IPO is ₹53.0 to ₹56.0.
What is the minimum investment required?
The minimum investment required is ₹112,000.
What is the lot size for the IPO?
The lot size for the IPO is 2000 shares.
When is the listing date for the shares?
The shares are expected to be listed on 27 March 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
19 Mar 2024
Close
21 Mar 2024
Allotment
26 Mar 2024
Listing
27 Mar 2024
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