Swasth Foodtech IPO
- IPO Date20 Feb, 2025 to 24 Feb, 2025
- Listing Date27 Feb, 2025
- Face Value₹10 per share
- Issue Price-
- Lot Size1200 Shares
- Minimum Investment₹0
- Listing AtBSE SME
- Total Issue Size15,87,600 Shares
- Fresh Issue15,87,600 Shares
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue42,69,682
- Shareholding post issue58,57,282
IPO Dates
Closing Date
24 Feb, 2025
Initiation of Refunds
27 Feb, 2025
Listing Date
28 Feb, 2025
20 Feb, 2025
Opening Date
25 Feb, 2025
Basis of Allotment
27 Feb, 2025
Credit of Shares
Swasth Foodtech Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,12,800 |
| B-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 1200 | ₹1,12,800 |
| S-HNI (Max) | - | - | - |
| S-HNI (Min) | 2 | 2400 | ₹2,25,600 |
Swasth Foodtech Promoter Holding
Dilip Chhajer, Shrey Jain, Lakshay Jain, Vandana Chhajer, Chhajer Agro Products Private Limited and Dilip Chand chhajer (HUF) are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 72.9% |
Swasth Foodtech COMPANY INFORMATION
Swasth Foodtech IPO is a fixed price issue of Rs 14.92 crores. The issue is entirely a fresh issue of 15.88 lakh shares. Swasth Foodtech IPO opens for subscription on February 20, 2025 and closes on February 24, 2025. The allotment for the Swasth Foodtech IPO is expected to be finalized on Tuesday, February 25, 2025. Swasth Foodtech IPO will be list on BSE SME with a tentative listing date fixed as Friday, February 28, 2025. Swasth Foodtech IPO price is ₹94 per share. The minimum lot size for an application is 1200. The minimum amount of investment required by retail investors is ₹1,12,800.The minimum lot size investment for HNI 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 IPO, while Mas Services Limited is the registrar for the issue.The market maker for Swasth Foodtech IPO is Giriraj Stock Broking Private Limited.
Incorporated in 2021, Swasth Foodtech India Limited 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, offering heart-healthy benefits, high smoke point, and versatile, neutral flavor for cooking.
The company markets and sells rice bran oil, along with byproducts like fatty acids, gums, spent earth, and wax, generated while processing its products in the open market.
The company’s facility includes a refining unit for bulk rice bran oil production. It plans to use proceeds to set up a packaging unit for its own and third-party brands, targeting small retailers.
The company operates a zero-waste unit, reusing or selling by-products like gums, wax, and fatty acids. Its fully automated, high-grade stainless steel facility efficiently refines oil and extracts by-products.
- Rice Bran Oil: The company processes domestically sourced crude rice bran oil, extracting by-products, and sells bulk oil to manufacturers, refiners, and wholesalers for health benefits.
- By-Products:The company produces by-products like fatty acids, wax, gums, and spent earth, which are used by industries such as soap, cosmetics, and animal feeds.
As of September 30, 2024, the company has 17 employees.
Competitive Strengths:
- Modern and strategically located manufacturing facilities.
- Easy availability of crude oil around the manufacturing facility.
- Arrangements with institutional oil manufacturers for supply of rice bran oil.
- Quality Assurance and Quality Control of the products.
- Well-experienced management team with proven project management and implementation skills.
Swasth Foodtech India IPO
IPO Overview and Key Highlights
Swasth Foodtech India, a West Bengal-based food processing company, is launching its Initial Public Offering (IPO). The IPO consists of a fresh issue of 15,87,600 equity shares with a face value of ₹10 per share, aggregating up to ₹1,492.34 lakhs. There is no Offer for Sale (OFS), making it a 100% fresh issue. The funds raised will be utilized for working capital and general corporate purposes. The shares will be listed on the BSE SME platform.
Key IPO Details
- Type of Issue • Fixed Price Issue
- Total Issue Size • 15,87,600 equity shares
- Face Value • ₹10 per share
- Issue Price • ₹94 per share (including ₹84 as share premium)
- Offer Opens • February 20, 2025
- Offer Closes • February 24, 2025
- Listing Exchange • BSE SME
- Market Maker Reservation • 80,400 equity shares
Company Overview
Swasth Foodtech India was originally incorporated as Swasth Foodtech India Private Limited in 2021 and later converted into a public company in 2024. The company is engaged in food processing and manufacturing, specializing in rice bran oil and its by-products.
- Promoters • Dilip Chhajer, Shrey Jain, Lakshay Jain, Vandana Chhajer, Chhajer Agro Products Private Limited, and Dilip Chand Chhajer (HUF)
- Headquarters • Bardhaman, West Bengal
- Corporate Identification Number (CIN) • U15490WB2021PLC242881
Financial Overview
Swasth Foodtech India has demonstrated consistent revenue growth, leveraging the rising demand for edible oils and food products. The IPO proceeds will be used to enhance production capacity, improve infrastructure, and strengthen financial stability.
Key Financial Metrics
- Revenue (FY 2024): Not explicitly mentioned
- Profit (FY 2024): Not explicitly mentioned
- Earnings Per Share (FY 2024): Not explicitly mentioned
Key Strengths of Swasth Foodtech India
- Established Market Presence • Specializes in rice bran oil processing with a strong market foothold.
- No OFS • Entire IPO proceeds go into business expansion.
- Expanding Distribution Network • Operations in West Bengal with plans for wider market penetration.
IPO Pros and Cons
Pros
Growing Food Processing Industry • Increasing demand for edible oils in India.
Proceeds Utilization • IPO funds will enhance working capital and production capacity.
Strategic Location • Located in an agricultural hub with access to raw materials.
Cons
Market Dependency • Revenue tied to edible oil demand and raw material availability.
Competitive Industry • Faces competition from larger edible oil brands.
Raw Material Costs • Fluctuations in rice bran prices may impact profit margins.
Risk Factors
Potential investors should consider the following risks before investing:
- Dependence on Key Customers • Revenue concentration from a few buyers.
- Regulatory Compliance • Subject to food safety and industry regulations.
- Price Volatility • Raw material price fluctuations can impact profitability.
Conclusion
The Swasth Foodtech India IPO presents an opportunity to invest in a growing food processing company. With no Offer for Sale, all funds raised will be used for business expansion, making it an attractive investment. However, investors should evaluate risks related to raw material costs, competition, and regulatory compliance before making a decision.
FAQs About Swasth Foodtech Ipo
Swasth Foodtech IPO will open on 20 Feb, 2025 and close on 24 Feb, 2025. Investors must apply within this period to participate.
The Swasth Foodtech IPO price band is set between ₹94.00 and ₹0.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹0.00.
The Swasth Foodtech IPO shares are expected to be listed on 27 Feb, 2025, subject to regulatory approvals and final allotment.
You can track your Swasth Foodtech IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Swasth Foodtech IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.