Swasth Foodtech India was established on February 2, 2021. The company processes rice bran oil from crude oil for sale to oil manufacturers and packers, producing various grades and colors based on customer needs
| Bidding Dates |
|---|
| 20 Feb 2025 - 24 Feb 2025 |
| Subscription |
|---|
| 7.48x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,12,800 | 1 | 1 | 1200 | 1.6 M | ₹94 | 72.9 % | ₹149.2 M | RHP DOC |
Swasth Foodtech IPO SUBSCRIPTION STATUS
24 Feb '25Swasth Foodtech IPO overall subscription rate was 7.48 times the total available shares
Swasth Foodtech IPO retail subscription rate was 12.46 times in the retail segment
Swasth Foodtech IPO non-institutional investor subscription rate was 2.5 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
24 Feb 2025 (Day 3) | 12.46x | 2.5x | - |
21 Feb 2025 (Day 2) | 6.41x | 1.12x | - |
20 Feb 2025 (Day 1) | 3.64x | 0.64x | - |
Swasth Foodtech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY25 | 18.3 | 882.9 | 4.4 | 2.9 | 4.0% |
| FY24 | 19.3 | 1,332.5 | 3.6 | 2.9 | 3.5% |
| FY23 | 0.3 | 999.0 | -122.8 | -139.1 | 1.9% |
Swasth Foodtech IPO SUBSCRIPTION STATUS DETAILS
Swasth Foodtech had 1.6 M shares on offer
Swasth Foodtech IPO offer price was ₹94
Swasth Foodtech IPO minimum Investment was ₹112800
Swasth Foodtech IPO issue size was ₹ 149.2 M
Swasth Foodtech had a minimum lot size of 1200 Shares per application
Swasth Foodtech NUMBER OF SHARES ON OFFER
Swasth Foodtech IPO IMPORTANT DATES
| Issue Open Date | 20 Feb 2025 |
| Issue close Date | 24 Feb 2025 |
| Allotment Date | 25 Feb 2025 |
| Refund Date | 27 Feb 2025 |
| Demat Account Credit Date | 27 Feb 2025 |
| Listing Date | 28 Feb 2025 |
| Listing on Exchange(s) | BSE |
| Swasth Foodtech Allotment Status | Exchange |
Swasth Foodtech IPO subscription opened on 20 Feb 2025, and closed on 24 Feb 2025
IPO allotment for Swasth Foodtech was finalized on Tuesday, 25 Feb 2025
IPO listing for Swasth Foodtech was on BSE on Friday, 28 Feb 2025
Swasth Foodtech IPO LISTING GAINS
| Issue Price (adjusted) | 94.0 |
| Listing Open Price | 94.0 |
| Listing Close Price | 89.3 |
| Listing Gain% | 0.0% |
| Current Gain% | -81.8% |
Swasth Foodtech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Swasth Foodtech India Ltd. | 17.2 | 10 | -7.2 | 0 | 0 | -6.7 | -2.7 | 211.6 | 25.1 | -1.4 | -157.7 | -2.4 | -157.7 |
| Varun Beverages Ltd. | 442 | 149504.9 | 44.2 | 2.3 | 6.2 | 15.5 | 11.9 | 22037.7 | 9.5 | 3036.5 | 17 | 10 | 18.9 |
| EID Parry (India) Ltd. | 805.1 | 14327.2 | 25.2 | -0.7 | 0.4 | 6.5 | 1.9 | 38883.4 | 21.6 | 569.5 | -35.2 | 32 | -35.2 |
| Avanti Feeds Ltd. | 906.6 | 12351.3 | 20.4 | 1.4 | 2 | 18.4 | 14.2 | 6276.5 | 8.6 | 606.1 | 14.6 | 44.5 | 14.6 |
| Manorama Industries Ltd. | 1636.2 | 10328.1 | 48.1 | 0.2 | 7.6 | 32 | 18.1 | 1377.1 | 73.9 | 214.9 | 95.8 | 34.1 | 204.8 |
| Sanstar Ltd. | 113.4 | 2066.8 | 60 | -2.8 | 2.6 | 5 | 4.3 | 796.4 | -18 | 34.4 | -21.3 | 1.9 | -21.3 |
Swasth Foodtech INFORMATION ON IPO ISSUE
About Swasth Foodtech
Swasth Foodtech India was established on February 2, 2021. The company processes rice bran oil from crude oil for sale to oil manufacturers and packers, producing various grades and colors based on customer needs
Object of the Issue
- Setting up of a packing line at their existing manufacturing unit
- Funding working capital requirements of the company
- General corporate purposes
Swasth Foodtech - PROMOTERS
| Name |
|---|
| Dilip Chhajer |
| Shrey Jain |
| Lakshay Jain |
| Vandana Chhajer |
| Chhajer Agro Products Private Limited |
Swasth Foodtech Lead Manager of the Issue
Horizon Management Private Limited
smeipo@horizon.net.co
Swasth Foodtech Registrar to the issue
MAS Services Limited
ipo@masserv.com
Swasth Foodtech Strengths
Automated manufacturing plant
The company’s processing facility is strategically located near the ports of West Bengal. The fully automated manufacturing unit uses high-grade Stainless Steel 304 and advanced equipment to efficiently refine crude oil and extract by-products, minimizing workforce intervention
Arrangements with oil manufacturers
The company markets and sells rice bran oil in bulk and loose form to oil manufacturers, refiners, re-packers, and wholesalers. Informal arrangements are in place with institutional manufacturers and reputed brands for bulk supply of products
Quality
The company is dedicated to product quality, with clear quality and safety procedures across the manufacturing process, from raw material procurement to distribution. The trained Quality Division ensures that all products comply with regulatory standards
Swasth Foodtech Risks
Geographically concentated
A significant portion of the company's sales comes from operations in specific regions. Any adverse developments in these areas could negatively impact revenue and overall performance
Agreement risks
The company relies on sales to certain oil manufacturers, with whom no long-term agreements are in place for purchasing rice bran oil. Loss of these customers, reduced purchases, or lack of commercial success of their products could significantly affect business, operations, and financial condition
Licenses & registrations
Failure to obtain, renew, or maintain the necessary statutory and regulatory licenses, registrations, and approvals could have a material adverse effect on the company's business, operations, and financial condition
IPO FAQs
The promoters of the company are Dilip Chhajer, Shrey Jain, Lakshay Jain, Vandana Chhajer and Chhajer Agro Products Private Limited.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 94.0 - 94.0.
The IPO application opens on Feb 20, 2025 and closes on Feb 24, 2025.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 112,800.0, the maximum value for this IPO is Rs 112,800.0.
This IPO will be allotted on Feb 25, 2025.
The refund will be credited to your account on Feb 27, 2025.
The allotted shares will be credited to your demat on Feb 27, 2025.
Swasth Foodtech India Ltd.’s shares listed on the stock exchanges on Feb 28, 2025.