Swasth Foodtech IPO Subscribed 2.27 Times On Day 1 — Check GMP And Other Key Details
The subscription window for the Swasth Foodtech IPO will remain open from Feb. 20 to Feb. 24.
Rice bran oil manufacturer Swasth Foodtech India Ltd. launched its initial public offering on Thursday. The company aims to mop up Rs 14.92 crore from investors in the primary through its public issue. Those looking to apply for shares in Swasth Foodtech IPO, must check out these key details before making an investment call.
Swasth Foodtech IPO: Key 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.
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 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.
Swasth Foodtech IPO: Day 1 Subscription Status
The Swasth Foodtech IPO has been subscribed 2.27 times as of 5:36 p.m. on Thursday, as per market tracking site Chittorgarh.
Non-Institutional Investors: 0.68 times
Retail Investors: 3.86 times
*The subscription status will be updated at regular intervals
Swasth Foodtech IPO GMP Today
The grey market premium for Swasth Foodtech IPO stood at Rs 20 as of 4:55 p.m. on Feb. 20. Based on current GMP trends, the estimated listing price is Rs 114, marking a premium of 21.28%.
Note: GMP is based on speculation and is not an official source of data.
Swasth Foodtech India: Business And Financials
Swasth Foodtech India Ltd. processes rice bran oil and sells it to oil manufacturers and packers. It also sells byproducts created during the process such as fatty acids, spent earth, and wax.
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.
Financials
Swasth Foodtech’s revenue stood at Rs. 134.32 crore in FY24, marking a 34.4% increase from Rs. 99.94 crore for FY23. Profit after tax rose to Rs. 1.93 crore in FY24 from Rs. 3 lakh in the preceding year. The company has shown steady growth trend in the first half of FY25, with revenues at Rs 88.63 crore along with a net profit of Rs 1.83 crore.
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.
