Chatha Foods IPO : Know complete details before investing!

Chatha Foods IPO : Chatha Foods IPO will open for subscription on March 19, 2024 and will close on March 21, 2024. The company has also fixed the price band of the IPO. Today in this article we will learn about Chatha Foods GMP, price band, Lot Size, allotment, Listing, etc.

Chatha Foods IPO Details

If you are also thinking of investing in an IPO, then let us tell you that another company is going to launch its shares in the stock market. The Sixth Foods IPO will open for subscription on Tuesday, March 19, 2024, and investors can invest till Thursday, March 21, 2024.

The sixth Foods IPO is a book built issue of Rs 34 crore. This means that Chhath Foods Company wants to raise Rs 34 crore through IPO. And this issue is entirely a fresh issue of 59.62 lakh shares. Also Read : Advance Tax Submission : March 15 is the last date for depositing advance tax, if missed, fine will have to be paid.

Chatha Foods IPO
Chatha Foods IPO
IPO DateMarch 19, 2024 to March 21, 2024
Listing Date[.]
Face Value₹10 per share
Price Band₹53 to ₹56 per share
Lot Size2000 Shares
Total Issue Size5,962,000 shares
(aggregating up to ₹34.00 Cr)
Fresh Issue5,962,000 shares
(aggregating up to ₹34.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE SME
Share holding pre issue16,534,879
Share holding post issue22,496,879
Market Maker portion300,000 shares

CHATHA FOODS FINANCIAL REPORTS

₹ In Crores
YearRevenueExpensePAT
2023 6M₹70.78₹66.02₹3.41
2023₹117.24₹113.87₹2.45
2022₹87.40₹86.36₹0.67
2021₹61.19₹66.72₹4.00

Chatha Foods IPO Price

The price band of Sixth Foods IPO has been fixed at Rs 53 to Rs 56 per share. Chatha Foods IPO is an SME IPO. Let us tell you that today another SME IPO has opened whose name is KP Green Engineering IPO.

IPO Lot Size

The lot size of Chhath Foods IPO is 2000 shares and investors can bid in multiples thereof. Retail investors will have to invest at least Rs 112,000 in the IPO. Whereas for HNI the minimum lot size investment is 2 lots, which amounts to Rs 224,000. Also Read : Advance Tax Submission : March 15 is the last date for depositing advance tax, if missed, fine will have to be paid.

ApplicationLotsSharesAmount
Retail (Min)12000₹112,000
Retail (Max)12000₹112,000
HNI (Min)24,000₹224,000

IPO Allotment

Chatha Foods IPO
Chatha Foods IPO

The allotment for the sixth Foods IPO is expected to be finalized on Tuesday, March 26, 2024. Whereas refund will be given on Wednesday March 27, 2024.

Indoriant Financial Services Ltd is the book running lead manager of the Sixth Foods IPO, while Skyline Financial Services Pvt Ltd is the registrar to the issue. The market maker for the Sixth Foods IPO is Electricity Securities.

IPO Open DateTuesday, March 19, 2024
IPO Close DateThursday, March 21, 2024
Basis of AllotmentTuesday, March 26, 2024
Initiation of RefundsWednesday, March 27, 2024
Credit of Shares to DematWednesday, March 27, 2024
Listing DateWednesday, March 27, 2024
Cut-off time for UPI mandate confirmation5 PM on March 21, 2024

IPO Listing

Chatha Foods IPO
Chatha Foods IPO

The sixth Foods IPO will be listed on BSE and SME. The listing date of the IPO has been fixed for Wednesday, March 27, 2024. You can also know about.

15% of the offer is reserved for non-institutional investors, 50% for qualified institutional buyers and 35% for retail investors.

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50% of the Net Issue
Retail Shares OfferedNot less than 35% of the Issue
NII (HNI) Shares OfferedNot less than 15% of the Issue

IPO GMP

According to the Investor Gain report, Sixth Foods IPO is at a premium of Rs 0 today. That means the company has not yet started doing business in the market. Accordingly, the IPO can be listed at ₹56. If you want to know about any other IPO, then let us tell you that Enser Communication IPO has come on 15th. Also Read : Advance Tax Submission : March 15 is the last date for depositing advance tax, if missed, fine will have to be paid.

About Chatha Foods Ltd

Chatha Foods IPO
Chatha Foods IPO

Chatha Foods Ltd was started in 1997. Sixth Foods Limited is a frozen food processor. The company provides frozen food products to top Quick Serving Restaurants (QSRs), Casual Dining Restaurants (CDRS), Hotel Restaurant Catering, and other segment players.

The company’s manufacturing facility in Mohali, Punjab produces all the items. Its annual production capacity of all frozen foods is approximately 78,39 metric tons, spread across two departments.

Disclaimer

The information provided on Today Bites does not constitute investment advice. Before investing in the share market, definitely consult your financial advisor.

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