Swasth Foodtech IPO: A Comprehensive Analysis
The Initial Public Offering (IPO) market continues to buzz with activity, offering investors opportunities to participate in the growth stories of various companies. One such IPO that has garnered attention is the Swasth Foodtech IPO. This blog post delves into a detailed analysis of the Swasth Foodtech IPO, covering key aspects to help potential investors make informed decisions.
What Does Swasth Foodtech India Limited Do?
Swasth Foodtech India Limited, incorporated in 2021, is engaged in processing rice bran oil for sale to oil manufacturers and packers. The company produces various grades of rice bran oil, rich in Vitamin E and Oryzanol. They also produce by-products like fatty acids, gums, spent earth, and wax, generated while processing its products in the open market.
Swasth Foodtech IPO Details
Here’s a snapshot of the key details of the Swasth Foodtech IPO:
- IPO Date: February 20, 2025 to February 24, 2025
- Listing Date: February 28, 2025
- Face Value: ₹10 per share
- Issue Price: ₹94 per share
- Lot Size: 1,200 Shares
- Total Issue Size: 15,87,600 shares (aggregating up to ₹14.92 Cr)
- Fresh Issue: 15,87,600 shares (aggregating up to ₹14.92 Cr)
- Issue Type: Fixed Price Issue IPO
- Listing At: BSE SME
IPO Subscription Details
Swasth Foodtech IPO offers shares with reservations for different investor categories:
| Investor Category | Shares Offered | Percentage |
|---|---|---|
| Market Maker | 80,400 | 5.06% |
| Other (NII) | 7,53,600 | 47.47% |
| Retail (RII) | 7,53,600 | 47.47% |
| Total | 15,87,600 | 100% |
Swasth Foodtech IPO Timeline (Tentative Schedule)
Keep track of the key dates for the IPO process:
| Event | Date |
|---|---|
| IPO Open Date | Thu, Feb 20, 2025 |
| IPO Close Date | Mon, Feb 24, 2025 |
| Tentative Allotment | Tue, Feb 25, 2025 |
| Initiation of Refunds | Thu, Feb 27, 2025 |
| Credit of Shares to Demat | Thu, Feb 27, 2025 |
| Tentative Listing Date | Fri, Feb 28, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 24, 2025 |
Swasth Foodtech IPO Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,12,800 |
| Retail (Max) | 1 | 1200 | ₹1,12,800 |
| HNI (Min) | 2 | 2,400 | ₹2,25,600 |
Swasth Foodtech IPO Promoter Holding
The promoters of the company are Dilip Chhajer, Shrey Jain, Lakshay Jain, Vandana Chhajer, Chhajer Agro Products Private Limited and Dilip Chand chhajer (HUF).
| Particulars | Percentage |
|---|---|
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 72.90% |
Objects of the Issue (Swasth Foodtech IPO Objectives)
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
Company Financials
Here’s a look at the company’s financials:
| Period Ended | 30 Sep 2024 (₹ Crore) | 31 Mar 2024 (₹ Crore) | 31 Mar 2023 (₹ Crore) | 31 Mar 2022 (₹ Crore) |
|---|---|---|---|---|
| Assets | 36.91 | 31.84 | 30.59 | 12.65 |
| Revenue | 88.63 | 134.32 | 99.94 | 1.23 |
| Profit After Tax | 1.83 | 1.93 | 0.03 | 0.01 |
| Net Worth | 8.07 | 6.24 | 3.03 | 3 |
Company Contact Details
Swasth Foodtech India Limited
Baro Chowmata Belari,
Guskara, Purba Burdwan,
Bardhaman – 713 141
Phone: +91 890 073 8769
Email: info@swasthfoodtech.com
Website: https://www.swasthfoodtech.com/
IPO Registrar
Mas Services Limited
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp
Conclusion
The Swasth Foodtech IPO presents an opportunity to invest in a company engaged in the processing of rice bran oil and related by-products. Potential investors should carefully consider the company’s financials, objectives, and risk factors outlined in the prospectus before making an investment decision.
