The SME IPO of Chatha Foods, a leader in the frozen food processing industry, has generated significant interest among investors, closing its subscription window today, March 21, with remarkable subscription rates. As the market eagerly awaits the allotment finalization later today, this guide aims to assist investors in checking their allotment status for the SME IPO.

Checking IPO Allotment Status on Registrar's Website

Investors can follow these steps to ascertain the allotment status:

1. Navigate to the IPO Allotment Status Page by visiting the Skyline Financial Services website.
2. Choose ‘IPO’ from the dropdown menu available on the page.
3. Provide your PAN (Permanent Account Number) in the designated field and click ‘Submit’ to view your allotment status.

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Chatha Foods IPO: Company Specifics and Subscription Status Overview

Chatha Foods opened its IPO for subscription on March 19, quickly capturing the market’s attention with a subscription rate soaring to 2.36 times on the very first day. This SME IPO stands out, not just for its impressive initial reception but also for its significant role within the Quick Serving Restaurants (QSRs), Casual Dining Restaurants (CDRs), and the broader HoReCa sector, as detailed in its Red Herring Prospectus (RHP).

Investors overwhelmingly received the IPO, subscribing to it 19.28 times over by the closing day, which emphasized their trust and expectations from Chatha Foods. Notably, they subscribed to the retail portion 14.60 times, and the non-institutional investors (NII) segment experienced a subscription rate of 44.52 times, showcasing broad-based support across investor categories.

Investment Highlights

• The IPO, valued at ₹34 crore, comprises entirely of a fresh issuance of 59.62 lakh equity shares, each with a face value of ₹10.
• The company has earmarked the raised funds for setting up a new manufacturing unit and other corporate purposes, indicating a clear path toward expansion and scalability.
• With Tasty Bite Eatables as its stated peer, Chatha Foods ventures into the market with a competitive edge in the frozen food sector.
• Chatha Foods is set to make its market debut on the BSE SME platform on March 27.

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