Swasth Foodtech India made a flat debut on the BSE SME platform, with its shares opening at ₹94, the same price as its IPO offering. The company's IPO was oversubscribed by 7.83 times, a clear indication of strong demand from investors. Swasth Foodtech, known for producing edible rice bran oil, specializes in manufacturing oil for food manufacturers and packers. The company’s oils are rich in Vitamin E and Oryzanol, providing a balanced fat profile and high smoke point, making it a healthier cooking option.

The Swasth Foodtech IPO, which raised ₹14.92 Crores, is a Fixed Price Issue offering 15.88 Lakh shares. The IPO subscription period ran from February 20, 2025, to February 24, 2025, with allotment finalized on February 25, 2025. Swasth Foodtech shares were listed on the BSE SME with a tentative listing date set for February 28, 2025. Despite strong interest, the Grey Market Premium (GMP) remained at ₹0, reflecting no significant speculative trading before the official listing.

Swasth Foodtech’s unique offering of rice bran oil provides a healthier fat choice with a neutral flavour and high smoke point, making it ideal for versatile cooking. The company also markets byproducts such as fatty acids, gums, spent earth, and wax, ensuring its operations remain sustainable. The proceeds from the IPO will be used for expanding packaging lines at its manufacturing unit and addressing working capital needs, crucial for the company's operational expansion.

The Swasth Foodtech India IPO details include a market capitalization of ₹55.06 Crores at the issue price of ₹94 per share. The lot size for the IPO is 1,200 shares, with retail investors required to invest at least ₹1,12,800. High-Net-Worth Individuals (HNIs) were required to invest in a minimum of 2 lots (₹2,25,600). The IPO was managed by Horizon Management Private Limited, with Mas Services Limited acting as the registrar.

The company’s financial performance has shown growth, with revenue of ₹8,863.21 Lakh for the period ending September 2024. The EBITDA for the same period stood at ₹348.44 Lakh, while profit after tax was ₹182.94 Lakh. The company’s P/E ratio post-issue is 28.49x, signaling a fully priced IPO. With the current GMP at 0 and considering the company’s overall financials and valuations, the IPO does not offer significant listing gains.

Swasth Foodtech’s strategic focus on rice bran oil production and its byproducts positions it well in the health-conscious market segment. Despite the lack of listing gains in the short term, the company's sustainable and innovative approach to oil production may provide growth opportunities for long-term investors. However, given the flat listing and GMP of ₹0, potential investors are advised to exercise caution and avoid the IPO for immediate listing gains.

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The Current active IPO are Balaji Phosphates, Shreenath Paper.

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