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What is the business of Chatha Foods?

Founded in 1997, Chatha Foods Limited is a frozen food processor, serving top Quick Serving
Restaurants, Casual Dining Restaurants, and other players in the Hotel-Restaurant-Catering segment. As such, it is deeply connected with the Indian food services/dining out industry and this accounted
for almost its entire revenue for the six months ended September 30, 2023. For six months ended September 30, 2023 and Fiscal 2023, (i)Domino’s India franchise accounted for 44.41% and 51.53%, (ii) Subway’s India franchise accounted for 27.09% and 31.16%, respectively (ii) Café Coffee Day accounted for 1.24% and 1.40%, (iv) Chili’s & Pauls India accounted for 2.26% and 1.64%, (v) Wok Express accounted for 3.45% and 1.91% and (vi) Burger Singh accounted for 0.76% and 0.58%, of its revenues in that period/ Fiscal. In addition, its brands, which sells under “Chatha Foods” are distributed through its network of 29 distributors covering 32 cities across India and catering to the needs of 126 mid segment & standalone small QSR brands.

All its products are produced at its Manufacturing Facility, located in District Mohali, with a production capacity of approximately 7,839 MT for all our frozen food products, over 2 shifts on an annual basis. This enables it to have an effective control over the manufacturing process and to ensure consistent quality of its products. Its commitment to quality is demonstrated through our attainment of various certifications and accreditations, including those from the U.S. Food and Drugs Administration, British Retail Consortium (BRC – Issue 9), Halal Certification and Export Inspection Council.

Get more information about the company @ http://www.cfpl.net.in/

Who are the Promoters of Chatha Foods IPO?
Paramjit Singh Chatha, Gurpreet Chatha, Gurcharan Singh Gosal and Anmoldeep Singh are the promoters of Chatha Foods.

What are the Objects of Enser Communications IPO?

The Offer comprises only of a Fresh Issue of Equity shares.

The net proceeds of the Issue are proposed to be utilised for the following objects:
1. Setting up the Proposed Manufacturing Unit
2. General Corporate Purposes

Chatha Foods IPO To the point Guidance
Founded in 1997, Chatha Foods Limited is a frozen food processor, serving top Quick Serving
Restaurants, Casual Dining Restaurants, and other players in the Hotel-Restaurant-Catering segment. As such, it is deeply connected with the Indian food services/dining out industry and this accounted
for almost its entire revenue for the six months ended September 30, 2023. For six months ended September 30, 2023 and Fiscal 2023, (i)Domino’s India franchise accounted for 44.41% and 51.53%, (ii) Subway’s India franchise accounted for 27.09% and 31.16%, respectively (ii) Café Coffee Day accounted for 1.24% and 1.40%, (iv) Chili’s & Pauls India accounted for 2.26% and 1.64%, (v) Wok Express accounted for 3.45% and 1.91% and (vi) Burger Singh accounted for 0.76% and 0.58%, of its revenues in that period/ Fiscal. In addition, its brands, which sells under “Chatha Foods” are distributed through its network of 29 distributors covering 32 cities across India and catering to the needs of 126 mid segment & standalone small QSR brands.
Size:  The net size of the IPO is Rs. 31.71 Cr comprising of 5662000 shares. The HNI portion is just Rs.4.76 Cr and Retail portion is Rs. 11.10 Cr. The Retail portion will get oversubscribed with only 991 applications. Under the changed circumstances, huge oversubscription may not be possible but more than one time oversubscription will not be a problem.
Financial Snapshot: The company has shown steady growth in its topline and bottomline during last 3 years. There appears to be no exception rise in the profits of the year prior to the IPO. The shares are offered at PE multiple of 37.83 and compared to Peers, there appears to be room for listing gain. Only negative aspect is few Jain investors may not apply to this IPO because of its non-veg related business. Apply.

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Chatha Foods IPO GMP Detail IPO GMP today details?

Chatha Foods IPO

Chatha Foods IPO FAQs

What is Chatha Foods IPO?
Enfuse Solutions is a SME IPO of 2337000 equity shares of the face value of Rs. 10 aggregating up to Rs.22.44 Crores. The issue is priced at Rs.91-96 per share. The minimum order quantity is 1600 Shares.

When will Chatha Foods IPO open?
Enfuse Solutions IPO opens on March 15, 2024, and closes on March 19, 2024.

What is the lot size of Chatha Foods IPO?
Enfuse Solutions IPO lot size is 1600 Shares, and the minimum amount required is Rs.115200.

How to apply for Chatha Foods IPO?
You can apply in Enfuse Solutions IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

When is Chatha Foods IPO allotment?
The finalization of Basis of Allotment for Enfuse Solutions IPO will be done on March 20, 2024, and the allotted shares will be credited to your demat account by March 21, 2024.

When is Chatha Foods IPO listing date?
Enfuse Solutions IPO listing date is March 22, 2024.