Swasth Foodtech India processes edible rice bran oil for manufacturers and packers, offering various grades and colours. Rich in Vitamin E and Oryzanol, it provides a balanced fat profile, a high smoke point, and a neutral flavour, making it a healthier choice. The company also markets byproducts like fatty acids, gums, spent earth, and wax, ensuring sustainability.
Swasth Foodtech India, a Fixed Price Issue amounting to ₹ 14.92 Crores, consisting an entirely Fresh Issue of 15.88 Lakh Shares. The subscription period for the Swasth Foodtech India IPO opens on February 20, 2025, and closes on February 24, 2025. The allotment is expected to be finalized on or about Tuesday, February 25, 2025, and the shares will be listed on the BSE SME with a tentative listing date set on or about Friday, February 28, 2025.
The Share price of Swasth Foodtech India IPO is set at ₹ 94 per equity share. The Market Capitalisation of the Swasth Foodtech India Limited at IPO price of ₹ 94 per equity share will be ₹ 55.06 Crores. The lot size of the IPO is 1,200 shares. Retail investors are required to invest a minimum of ₹ 1,12,800, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2,400 shares), amounting to ₹ 2,25,600.
Horizon Management Private Limited is the book running lead manager of the Swasth Foodtech India IPO, while Mas Services Limited is the registrar for the issue. Giriraj Stock Broking Private Limited is the Market Maker for Swasth Foodtech India IPO.
Swasth Foodtech India Limited IPO GMP Today
The Grey Market Premium of Swasth Foodtech India Limited IPO is expected to be ₹ 0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.
Swasth Foodtech India Limited IPO Live Subscription Status Today: Real-Time Update
As of 05:00 PM on 21 February, 2025, the Swasth Foodtech India Limited IPO live subscription status shows that the IPO subscribed 3.77 times on its Second day of subscription period. Check the Swasth Foodtech India IPO Live Subscription Status Today at BSE.
Swasth Foodtech India Limited Day Wise IPO GMP Trend
Date |
IPO Price |
Expected Listing Price |
GMP |
Last Updated |
17 February 2025 |
₹ 94 |
₹ 94 |
₹ 0 (0.00%) |
07:00 PM; 17 Feb 2025 |
Swasth Foodtech India Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Swasth Foodtech India IPO allotment date is 25 February, 2025, Tuesday. Swasth Foodtech India IPO Allotment will be out on 25 February, 2025 and will be live on Registrar Website from the allotment date. Check Swasth Foodtech India IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Swasth Foodtech India Limited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of Swasth Foodtech India Limited IPO
Swasth Foodtech India proposes to utilise the Net Proceeds towards the following objects:
1. ₹ 329.87 Lakhs for Setting up of a packing line at its existing manufacturing unit;
2. ₹ 750.00 Lakhs is required for Funding of working capital requirements of Company;
3. ₹ 220.00 Lakhs is required for General Corporate Purpose.
Refer to Swasth Foodtech India Limited RHP for more details about the Company.
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Swasth Foodtech India IPO Details |
|||||||||||
IPO Date | February 20, 2025 to February 24, 2025 | ||||||||||
Listing Date | February 28, 2025 | ||||||||||
Face Value | ₹10 | ||||||||||
Price | ₹94 per share | ||||||||||
Lot Size | 1,200 Equity Shares | ||||||||||
Total Issue Size | 15,87,600 Equity Shares (aggregating up to ₹14.92Cr) | ||||||||||
Fresh Issue | 15,87,600 Equity Shares (aggregating up to ₹14.92Cr) | ||||||||||
Offer for Sale | NIL | ||||||||||
Issue Type | Fixed Price Issue | ||||||||||
Listing At | BSE SME | ||||||||||
Share holding pre issue | 42,69,682 shares | ||||||||||
Share holding post issue | 58,57,282 shares |
Swasth Foodtech India IPO Lot Size |
|||||||||||
Application | Lots | Shares | Amount | ||||||||
Retail (Min) | 1 | 1,200 | ₹1,12,800 | ||||||||
Retail (Max) | 1 | 1,200 | ₹1,12,800 | ||||||||
HNI (Min) | 2 | 2,400 | ₹2,25,600 |
Swasth Foodtech India IPO Timeline (Tentative Schedule) |
|||||||||||
IPO Open Date | Thursday, February 20, 2025 | ||||||||||
IPO Close Date | Monday, February 24, 2025 | ||||||||||
Basis of Allotment | Tuesday, February 25, 2025 | ||||||||||
Initiation of Refunds | Thursday, February 27, 2025 | ||||||||||
Credit of Shares to Demat | Thursday, February 27, 2025 | ||||||||||
Listing Date | Friday, February 28, 2025 | ||||||||||
Cut-off time for UPI mandate confirmation | 5 PM on February 24, 2025 |
Swasth Foodtech India IPO Reservation |
|||||||||||
Investor Category | Shares Offered | Reservation % | |||||||||
Non-Institutional Investor Portion | 7,53,600 | Not More than 50% of the Issue | |||||||||
Retail Shares Offered | 7,53,600 | Not More than 50% of the Issue | |||||||||
Market Maker Portion | 80,400 | - |
Swasth Foodtech India IPO Promoter Holding |
|||||||||||
Share Holding Pre Issue | 100.00% | ||||||||||
Share Holding Post Issue | 72.90% |
Swasth Foodtech India IPO Subscription Status |
|||||||||||
Investor Category | Shares Offered | Shares Bid For | No oF Times Subscribed | ||||||||
Non Institutional Investors(NIIS) | 8,34,000 | 8,91,600 | 1.07 | ||||||||
Retail Individual Investors (RIIs) | 7,53,600 | 50,86,800 | 6.75 | ||||||||
Total | 15,87,600 | 59,78,400 | 3.77 |
Business Overview
Incorporated in 2021, Swasth Foodtech India Limited is engaged in processing and refining rice bran oil, catering primarily to oil manufacturers and packers. The company focuses on producing various grades of rice bran oil, known for its health benefits, including high levels of Vitamin E and Oryzanol, which support heart health. The oil also features a high smoke point and a neutral flavor, making it suitable for diverse cooking applications.
Swasth Foodtech follows a zero-waste manufacturing approach, ensuring that all byproducts, including fatty acids, wax, gums, and spent earth, are reused or sold to industries such as cosmetics, soaps, and animal feed. The company operates a fully automated refining unit made of high-grade stainless steel, designed to ensure efficient extraction and refining processes.
The company markets and sells its bulk rice bran oil to manufacturers, refiners, and wholesalers. Additionally, it plans to use proceeds from its IPO to establish a packaging unit, enabling it to launch its own branded oil products and offer third-party packaging services, specifically targeting small retailers.
Swasth Foodtech operates a manufacturing facility in Purba Burdwan, West Bengal, with a refining capacity of 125 metric tons per day. This location provides easy access to crude rice bran oil, ensuring a consistent supply of raw materials.
Rice Bran Oil:
By-Products:
As of September 30, 2024, the company has 17 employees managing its production and business operations.The Bankers to the Company is Axis Bank Limited.
Swasth Foodtech operates in India’s edible oil industry, particularly in the rice bran oil segment.
Global Market Outlook:
Indian Market Overview:
Growth Drivers:
Competitive Landscape:
Swasth Foodtech possesses several key strengths that provide a competitive edge:
The company has outlined a structured growth plan to expand its business operations:
Investors should consider the following potential risks before investing:
Swasth Foodtech India Limited is a growing player in the rice bran oil market, leveraging its strategic location, modern facilities, and strong supply chain. With its planned packaging unit and brand expansion, the company aims to capture a larger market share while maintaining a zero-waste, sustainable approach. However, raw material volatility and market competition remain key challenges for its long-term success.
Period Ended | Sep 30, 2024 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 |
---|---|---|---|---|
Reserve of Surplus | 380.01 | 197.07 | 3.83 | 1.14 |
Total Assets | 3,691.44 | 3,183.96 | 3,059.20 | 1,265.05 |
Total Borrowings | 2,360.06 | 2,338.87 | 2,382.18 | 791.76 |
Fixed Assets | 1,093.19 | 1,117.91 | 1,179.77 | - |
Cash | 22.28 | 38.11 | 110.47 | 5.07 |
Net Borrowing | 2,337.78 | 2,300.76 | 2,271.71 | 786.69 |
Revenue | 8,863.21 | 13,432.17 | 9,993.55 | 122.58 |
EBITDA | 348.44 | 472.19 | 189.94 | 2.42 |
PAT | 182.94 | 193.24 | 2.69 | 1.14 |
EPS | 4.28 | 5.03 | 0.09 | 0.04 |
Note 1:- RoE, ROCE & RoNW calculation in KPI is based on 31st Mar, 2024 Data, given in RHP.
Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit/Loss for the Year) on 31st Mar, 2024 Data, given in RHP.
Note 3:- RoNW calculation in KPI is based on 31st Mar, 2024 Data, given in RHP.
Note 4:- Price to Book Value calculation in KPI is based on Cap Price Post Offer, given in RHP.
Key Performance Indicator |
|||||||||||
KPI | Values | ||||||||||
EPS Pre IPO (Rs.) | ₹5.03 | ||||||||||
EPS Post IPO (Rs.) | ₹3.30 | ||||||||||
P/E Pre IPO | 18.69x | ||||||||||
P/E Post IPO | 28.49x | ||||||||||
ROE | 30.97% | ||||||||||
ROCE | 13.48% | ||||||||||
P/BV | 6.43 | ||||||||||
Debt/Equity | 3.75 | ||||||||||
RoNW | 30.97% |
Swasth Foodtech India Limited IPO Peer Comparison |
|||||||||||
Company Name | EPS | ROCE | ROE | P/E (x) | P/Bv | Debt/Equity | RoNW (%) | ||||
Swasth Foodtech India | 3.30 | 13.48% | 30.97% | 28.49 | 6.43 | 3.75 | 30.97% | ||||
Sarveshwar Foods Limited | ₹0.17 | 11.80% | 7.95% | 37.20 | 1.13 | 1.05 | 6.64% | ||||
Halder Ventres Limited | ₹36.92 | 10.60% | 20.90% | 11.70 | 2.96 | 4.22 | 19.66% |
SWASTH FOODTECH INDIA LIMITED
Baro Chowmata Belari, Guskara, Purba Burdwan, Bardhaman – 713 141, West Bengal, India
Contact Person : Seema Agarwal
Telephone : +91 8900738769
Email ID : cs@swasthfoodtech.com
Website : http://www.swasthfoodtech.com/
Registrar : MAS SERVICES LIMITED
Telephone : +91 112 638 7281/83, 114 132 0335
Contact Person : Mr. N. C. Pal
Email ID : ipo@masserv.com
Website : https://www.masserv.com/
Lead Manager : Horizon Management Private Limited
Telephone : : +91 33 4600 0607
Contact Person : Mr. Manav Goenka
Email ID : smeipo@horizon.net.co
Website : https://www.horizonmanagement.in/
Swasth Foodtech India specializes in premium edible rice bran oil, known for its ideal fat balance, high smoke point, and rich antioxidants. Tailored for manufacturers and packers, it’s a healthier choice for versatile cooking. The company also maximizes sustainability by marketing valuable byproducts like fatty acids, gums, spent earth, and wax.
The Company is led by Promoters, Dilip Chhajer, Shrey Jain, Lakshay Jain, Vandana Chhajer, Chhajer Agro Products Private Limited and Dilip Chand Chhajer (HUF).
The Revenues from operations for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 8,863.21 Lakh, ₹ 13,432.17 Lakh, ₹ 9.993.55 Lakh and ₹ 122.58 Lakh respectively. The EBITDA for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 348.44 Lakh, ₹ 472.19 Lakh, ₹ 189.94 Lakh, and ₹ 2.42 Lakh, respectively. The Profit after Tax for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 182.94 Lakh, ₹ 193.24 Lakh, ₹ 2.69 Lakh, and ₹ 1.14 Lakh respectively. This indicates a steady growth in financial performance.
The Company Key Performance Indicates the pre-issue EPS of ₹ 5.03 and post-issue EPS of ₹ 3.30 for FY24. The pre-issue P/E ratio is 18.69x, while the post-issue P/E ratio is 28.49x. The company's ROCE for FY24 is 13.48%, ROE for FY24 is 30.97% and RoNW 30.97%. The Annualised EPS based on the latest financial data is ₹ 5.70 and PE ratio is 16.47x. These metrics suggest that the IPO is fully priced.
The Grey Market Premium (GMP) of Swasth Foodtech India showing listing gains of 0.00 %. Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Swasth Foodtech India Limited IPO for Listing gain or long term Investment Purposes.
Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information.
About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms during the training period. He is good at Technical analysis and Fundamental Analysis and uses both Technical and Fundamental analysis along with five other important factors that affect the movement of the Market namely Global Market Analysis, Upcoming Event Analysis, Institutional Money Analysis, Derivative Data Analysis, and Emotions and Sentiment of Traders and Investors in his Framework called - Technical Fundamental GUIDE to find the winning Trades.
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