return to news
  1. News
    /
  2. Market News
    /
  3. IPO
    /
  4. Chatha Foods IPO share allotment likely on Tuesday: Here’s how to check status

Chatha Foods IPO share allotment likely on Tuesday: Here’s how to check status

blog author image

Upstox

blog verification badge

3 min read • Updated: March 26, 2024, 11:20 AM

Facebook PageTwitter PageLinkedin Page

Summary

The ₹34-crore initial public offer of frozen foods products maker Chatha Foods closed for subscription on March 21. The Chatha Foods IPO was booked 19.78 times. Shares of Chatha Foods will be listed on the BSE SME platform on March 27.

Chatha-Food-logo.png
Chatha Foods IPO share allotment likely on Tuesday: Here’s how to check status

Frozen and ready-to-eat food processor Chatha Foods Ltd is expected to announce IPO share allotment on Tuesday, March 26. The Chatha Foods Ltd IPO was subscribed 19.28 times at the close of bidding on March 21, following a strong demand from investors.

The company will inform successful bidders about the share allotment through SMS and emails. Investors, however, can also check Chatha Foods IPO share allotment on BSE website and the official website of IPO registrar Skyline Financial Services Private Limited.

The company is expected to initiate refunds and demat transfers on Wednesday, March 27. Chatha Foods Ltd will make its market debut on the SME platform of BSE on March 27.

Investors can easily check Chatha Foods IPO share allotment status by following these steps.

Steps to check Chatha Foods IPO share allotment status on registrar website

  1. Go to the official website of Skyline Financial Services Private Ltd (https://www.skylinerta.com)
  2. Click on Investors and select Public Issues
  3. Select Chatha Foods from the dropdown list. (The name will appear after the share allotment)
  4. Fill Client ID, Application No or PAN details
  5. Click on Search

Steps to check Chatha Foods IPO share allotment status on BSE website

  1. Go to the official BSE website (https://besindia.com)
  2. Click on Investors and go to Investor Services
  3. Click on Application Status (https://www.bseindia.com/investors/appli_check.aspx)
  4. Select Chatha Foods Ltd
  5. Enter your application number and PAN
  6. Click on Search

Chatha Foods Ltd IPO subscription and other key details

Jalandhar-based Chatha Foods Ltd launched its public offer on the SME platform of BSE on March 19 to raise around ₹34 crore from public shareholders. The book-built issue comprised a fresh issue of 59.62 lakh shares. The price band was ₹53 to ₹56 per share. The lot size was 2,000 shares. The minimum investment size for retail investors was ₹1,12,000.

At the close of bidding on March 21, the IPO was subscribed 19.28 times. According to exchange data, applications for 7,64,44,000 equity shares were received against 39,64,000 equity shares on offer.

The qualified institutional buyers’ category was booked 8.54 times. Non-institutional buyers’ category received a huge response with total subscription of 44.52 times while the retail investors’ portion was booked 14.6 times.

Chatha Foods Ltd had allotted 16.98 lakh equity shares to raise ₹9.51 crore from anchor investors.

About Chatha Foods Ltd

Founded in 1997, Chatha Foods Ltd) is a frozen food processor. The company serves Quick Service Restaurants (QSR), Casual Dining Restaurants (CDR), and other players in the hotel-restaurant-catering segment.

The company manufactures frozen foods at its production facility in Mohali (Punjab). The plant has a capacity of approximately 7,839 MT for frozen food products, over two shifts on an annual basis.

To know more about IPOs listing, schedule and upcoming IPOs, click here