The initial public offering of Swasth Foodtech India Ltd. will close for subscription on Monday, February 24. The SME IPO has been booked over 6 times on its final day. Swasth Foodtech India IPO was booked over 3 times on Friday and was fully subscribed on Day 1 led by demand from retail investors.
The company aims to mop up Rs 14.92 crore from investors in the primary through its public issue.
As bidding on Day 3 continues, check Swasth Foodtech India details including the latest GMP, subscription status, allotment and listing details.
Swasth Foodtech IPO: Day 3 Subscription Status
The Swasth Foodtech IPO has been subscribed 6 times as of 1:59 p.m. on Monday, as per market tracking site Chittorgarh.
Non-Institutional Investors: 1.66 times
Retail Investors: 10.35 times
*The subscription status will be updated at regular intervals
Swasth Foodtech IPO Details
Swasth Foodtech IPO comprises a fresh issue of 15.88 lakh shares offered at a fixed price of Rs 94. This takes the valuation of the total offer size to Rs 14.92 crore.
Retail investors can bid in the Swasth Foodtech IPO with a minimum lot size of 1200 shares totalling an investment of Rs. 1,12,800.
Of the 15,87,601 shares offered - 7,53,600 (47.47%) is reserved for non-institutional investors, and 7,53,600 (47.47%) is reserved for retail investors.
Swasth Foodtech has appointed Horizon Management Pvt. as the book-running lead manager and Mas Services Ltd. as the registrar for the issue. Giriraj Stock Broking Pvt. is the market maker for the Swasth Foodtech IPO.
For more details regarding the IPO, refer to the red herring prospectus of the Swasth Foodtech IPO here.
Swasth Foodtech IPO GMP Today
The grey market premium for Swasth Foodtech IPO stood at Rs 3 as of 12:35 p.m. on Feb. 24. Based on current GMP trends, the estimated listing price is Rs 97, marking a premium of 3.19%.
Note: GMP is based on speculation and is not an official source of data.
Swasth Foodtech IPO Allotment and Listing Date
The allotment for the Swasth Foodtech IPO is expected to be finalised on Tuesday, February 25. Swasth Foodtech IPO is likely to list on BSE SME on February 28.
IPO: Use of Proceeds
Swasth Foodtech has proposed to use the net proceeds from the IPO to create a packing line at its manufacturing unit and fund its working capital requirements. A section of the proceeds will be used for general corporate purposes.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.
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