Chatha Foods IPO Makes a Splash, Shares Surge 30% on BSE SME Premiere!Chatha Foods IPO Makes a Splash, Shares Surge 30% on BSE SME Premiere!

Chatha Foods stock has a robust debut, opening at ₹73 per share on BSE SME, representing a 30% premium over the issue price of ₹56. The company’s share price on BSE SME made a positive start today, showcasing strong investor interest and confidence in its prospects.

Chatha Foods’ IPO subscription opened on March 19 and concluded on March 21. Priced between ₹53 to ₹56 per share with a face value of ₹10, the lot size consisted of 2,000 shares. Bidding was in multiples of 2,000 shares, with a minimum bid of 2,000 shares.

Established in 1997, Chatha Foods Limited (CFL) is a frozen food processor catering to QSRs, CDRs, and HoReCa segments. Its revenue sources include Domino’s India (44.41%), Subway India (27.09%), Café Coffee Day (1.24%), Chili’s & Pauls India (2.26%), Wok Express (3.45%), and Burger Singh (0.76%). Additionally, CFL’s own brand products are distributed through 29 distributors across 32 Indian cities.

Chatha Foods IPO aims to allocate INR 24.11 crores for establishing a new manufacturing unit in Mohali to meet the demand for Vegetarian Frozen RTE & RTC products. The remaining funds will support general corporate objectives.