Chatha Foods IPO allotment: Check status, listing date, GMP and other details

The allotment for the SME IPO of Chatha Foods will be finalised later today. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. Investors can check the status of Chatha Foods IPO allotment by logging in to the official website of the registrar, which is Skyline Financial Services in this case.

Follow the step by step process mentioned below to check the status of allotment.

Step 1: Visit the IPO Allotment Status page on Skyline Financial Services website (https://www.skylinerta.com/display_ipo_rightissue_allotment.php)


Step 2: Select IPO from the dropdown

Step 3: Enter PAN number and 'Submit'.

Chatha Foods GMP

In the unlisted market, the company's shares have no GMP. The IPO is priced at Rs 56 at the upper end and going by the GMP trends, the stock is expected to see a flat or even a negative listing on March 27.
SRM Contractors sets IPO price band at Rs 200-210 per share; issue to open on March 26

The IPO, which was completely a fresh equity issue of 59.6 lakh shares, received a healthy response from investors with a subscription of over 18 times at close.

The net proceeds from the public offer will be used for setting up a manufacturing facility and general corporate purposes.

Chatha Foods is a frozen food processor, serving top QSRs, CDRs and other players in the HoReCa segment like Dominos and Subway’s
India franchise, Café Coffee Day, Wok Express, etc. It is connected with the Indian food services/dining out industry and this accounted for almost the company's entire revenue for the six months ended September 2023.

The QSR market in India was valued at Rs 17100 crore in FY22 and it is expected to reach Rs 43100 crore by FY27. The current decade is overseeing a shift to a larger organized sector. Customer retention and a higher range and depth of offerings are new goals among the organized market players of QSR.

For the period ended September 2023, the company clocked revenues of Rs 70.8 crore and net profit of Rs 3.41 crore.

Indorient Financial Services is acting as the lead manager to the issue and Skyline Financial Services is the registrar.


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