Chatha Foods Limited

About Chatha Foods Limited  Incorporated in 1997, Chatha Foods Limited Chatha Foods Limited (CFL) is a frozen food processor, serving top QSRs (Quick Serving Restaurants), CDRs (Casual Dining Restaurants), and other players in the HoReCa (Hotel-Restaurant-Catering) segment. As such, they are deeply connected with the Indian food services/dining out industry.  We seek to differentiate ourselves from our competitors through introduction of new products, including launching innovative flavours targeted at addressing diversified consumer tastes, market trends and providing products which are value for money to the consumers.  All their frozen food products, over 2 shifts on an annual basis. This enables themto have an effective control over the manufacturing process and to ensure consistent quality of their products. The company commitment to quality is demonstrated through their 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.  Their business model is based on the following approaches.  (a) Concept Manufacturing:  CFL owns the product formula made for all brands and ensures that customers are provided with complete turnkey solutions. Based on extensive research and testing methods, CFL offers customisable options at competitive prices. The Company utilises its skilled team of food technologists & product designers in conceptualising the products’ unique brand identity.  (b) Concept Sharing Manufacturing:  Their customers share the product formula and ideas and work with them to develop products suitable for the customers’ brands.  (c) Own Brands:  They sell their own brand products through their distribution network across industry comprising mid segment & standalone QSR brands. With the support of their dedicated team, they have successfully developed an efficient business model that emphasises strict control over key processes, including raw ingredient procurement, manufacturing operations, inventory management of their extensive product range and SKUs, as well as the smooth management of distribution logistics throughout India. Furthermore, their information technology system seamlessly integrates all aspects of their operations, from manufacturing and logistics to transportation, inventory management, invoicing, and cost management. This enables them to make timely, effective, and informed decisions that contribute to the overall success of our business.  Chatha Foods Limited prepares for its forthcoming IPO, it stands as a beacon of excellence in the natural resource processing industry. With a diversified product portfolio, a focus on sustainability, and a strategic vision for the future, the company is poised for continued growth and success, promising investors a compelling opportunity to partake in their journey towards a greener, more sustainable future.   Setting up the Proposed Manufacturing Unit  General Corporate Purposes   Here are key details about the Chatha Foods Limited IPO:     Company Name  Chatha Foods Limited   Chatha Foods Limited IPO Opening Date  March 19, 2024    Company Established On  1997   Chatha Foods Limited IPO Allotment Status  March 26, 2024    Chatha Foods Limited IPO Closing Date  March 21, 2024   Chatha Foods Limited IPO Listing Date  March 27, 2024    Credit of Shares to the Demat Account  March 27, 2024   Chatha Foods Limited IPO Lot Size  2000 Shares    Chatha Foods Limited IPO Face Value  ₹1 per share   Chatha Foods Limited IPO to be Listed on  BSE, NSE    Chatha Foods Limited IPO Issue Size  ₹34.00 Cr   Chatha Foods Limited IPO Price band  ₹53 to ₹56 per share