Swasth Foodtech IPO Day 2: Check GMP Today, Subscription Status And More

The initial public offering of the Rice bran oil manufacturer Swasth Foodtech India Ltd. that launched its initial public offering on Thursday, was fully subscribed on Day 1. The demand in the SME IPO was led by retail investors who booked close to 4x times the shares offered for subscription.

The company aims to mop up Rs 14.92 crore from investors in the primary through its public issue.

Here's all you need to know about Swasth Foodtech India including the latest GMP, subscription status, price band, offer size and more.

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.

Dilip Chhajer, Shrey Jain, Lakshay Jain, Vandana Chhajer, Chhajer Agro Products Private Limited and Dilip Chand chhajer (HUF) are the promoters of the company.

For more details regarding the IPO, refer to the red herring prospectus of the Swasth Foodtech IPO here.

The Swasth Foodtech IPO has been subscribed 3.67 times as of 3:09 p.m. on Friday, as per market tracking site Chittorgarh.

• Non-Institutional Investors: 0.96 times

• Retail Investors: 6.37 times

*The subscription status will be updated at regular intervals

The grey market premium for Swasth Foodtech IPO stood at Rs 3 as of 2:30 p.m. on Feb. 21. 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.

The subscription window for the Swasth Foodtech IPO will remain open from Feb. 20 to Feb. 24. Allotment of shares is proposed to be finalised on Feb. 25. Swasth Foodtech IPO is likely to list on BSE SME on Feb. 28.

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.