February 21, 2025
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What was the last grey market premium of Swasth Foodtech India IPO?
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Subscription status of Swasth Foodtech India IPO
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Swasth Foodtech India IPO Price Rs. 94 Lot 1200 shares, Rs. 14.92 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 0.68 | 3.86 | 2.27 | 2,677 | |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of Swasth Foodtech India?
Swasth Foodtech India Limited, established in 2021, specializes in processing rice bran oil for distribution to oil manufacturers and packers.
The company produces a range of rice bran oil grades, rich in Vitamin E and Oryzanol, offering heart-healthy benefits, a high smoke point, and a neutral flavor ideal for versatile cooking applications.
In addition to rice bran oil, the company markets byproducts such as fatty acids, gums, spent earth, and wax, which are generated during the oil production process. These byproducts are sold or reused in the open market.
Swasth Foodtech operates a state-of-the-art refining unit for bulk rice bran oil production and plans to use the proceeds to establish a packaging facility, catering to both its own and third-party brands, with a focus on small retailers.
The company prides itself on its zero-waste approach, repurposing or selling byproducts like gums, wax, and fatty acids. Its fully automated, high-grade stainless steel facility ensures efficient oil refining and byproduct extraction.
With a production capacity of 125 MT per day, the company operates its manufacturing plant in Purba Burdwan, West Bengal, a strategically advantageous location within India.
Get more information about the company @ https://www.swasthfoodtech.com/
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Swasth Foodtech India IPO Details |
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| IPO opens on | 20 February 2025 |
| IPO closes on | 24 February 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1587600 Shares / Rs 14.92 Crore |
| * Fresh Issue | 1587600 Shares / Rs 14.92 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 80400 Shares |
| Net offer to Public | 1507200 Shares/ Rs 14.17 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 94 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | BSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (0%) | ||
| HNI (50%) | 1504800 | 16.25 |
| RII (50%) | 1504800 | 16.25 |
| Total Shares | 1507200 | 14.17 |
| Retail portion will be oversubscribed by |
1254 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1200 Shares | Rs.112800 |
| Min HNI Application | 2400 Shares | Rs. 225600 |
Who are the Promoters of Swasth Foodtech India?
Dilip Chhajer, Shrey Jain, Lakshay Jain, Vandana Chhajer, Chhajer Agro Products Private Limited and Dilip Chand chhajer (HUF) are the promoters of the company.
What are the Objects of Swasth Foodtech India IPO?
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Setting up of a packing line at the existing manufacturing unit
- Funding of working capital requirements of the Company
- General Corporate Purposes
Tentative timetable |
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| IPO opens on | 20 February 2025 |
| IPO Closes on | 24 February 2025 |
| IPO Allotment on | 25 February 2025 |
| Refund Initiation | 27 February 2025 |
| Credit of Shares | 27 February 2025 |
| Listing on | 28 February 2025 |
| Registered Office of the Company Swasth Foodtech India Limited Baro Chowmata Belari, Guskara, Purba Burdwan, Bardhaman – 713 141 |
| Who is the Lead Manager of this IPO? Horizon Management LTD |
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Who is the Registrar to IPO? |
Swasth Foodtech India IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Swasth Foodtech India IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 1,23 | 0.01 | – | – |
| 2022-23 | 99.94 | 0.03 | – | – |
| 2023-24 | 134.32 | 1.93 | 4.53 | 30.97 |
| Book Value of the Share on 31.03.2024 |
33.29 | |||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 108 | ||
Key Performance
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| Price/EPS of 23-24 | 20.77 |
| Price/BV Ratio | 6.43 |
| Debt/Equity Ratio | 3.75 |
How Swasth Foodtech India IPO compares with the Peers?
| As per RHP | FV | Price | PE |
| to BV Ratio | Ratio | ||
| Swasth Foodtech | 10 | 6.71 | 20.77 |
| Halder Ventures | 1.33 | 11.70 | |
| Sarveshwar Foods | 4.50 | 6.64 | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Swasth Foodtech India IPO Review by Paresh Gordhandas, CA & Research Analyst.
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