IPO Details

Bidding Dates

20 Feb '25 - 24 Feb '25

Minimum Investment

₹1,12,800 / 1 Lot (1,200 Shares)

Price Range

₹94

Maximum Investment

₹1,12,800 / 1 Lot (1,200 Shares)

Retail Discount

To be announced

Issue Size

₹14.92 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |  

Swasth Foodtech IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Feb 20, 25

IPO Closing Date

Feb 24, 25

Basis of Allotment

Feb 25, 25

Initiation of Refunds

Feb 27, 25

IPO Listing Date

Feb 28, 25

About Swasth Foodtech IPO

Swasth Foodtech is launching an IPO with a fixed issue size of ₹14.92 crore, comprising a fresh issue of 15.88 lakh shares. The subscription window will open on February 20, 2025, and close on February 24, 2025. The allotment is expected to be finalised on February 25, 2025, with a tentative listing date set for February 28, 2025, on the BSE SME platform.

The IPO is priced at ₹94 per share, with a minimum application lot size of 1,200 shares. Retail investors must invest at least ₹1,12,800, while high-net-worth individuals (HNIs) need a minimum of two lots (2,400 shares), amounting to ₹2,25,600.

Horizon Management Private Limited is the book-running lead manager for this IPO, while Mas Services Limited is handling the registrar duties. Giriraj Stock Broking Private Limited has been appointed as the market maker for the issue. Investors looking for detailed insights should refer to the Swasth Foodtech IPO Red Herring Prospectus (RHP) before making investment decisions.

Industry Outlook

  1. India's edible oil demand is growing faster than production, with a supply gap of 55% met through imports. The estimated oilseed production for 2021-22 rose to 376.97 LMT from 359.45 LMT in 2020-21.
  2. The processing and production of solvent-extracted oils have also shown positive growth trends. In OY 2022-23, solvent extraction processing from oilseeds, oilcakes, and rice bran increased to 265 lakh tonnes from 250 lakh tonnes in the previous year. As a result, the total production of solvent-extracted oils rose to 40.8 lakh tonnes from 38.5 lakh tonnes in 2021-22.

Swasth Foodtech IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Funds will be used to set up a new packing line at the existing unit, improving efficiency and production capacity.
  2. A portion of the proceeds will support daily working capital needs, ensuring smooth business operations and growth.
  3. The remaining funds will be used for general corporate purposes.

About Swasth Foodtech India Limited 

Swasth Foodtech India Limited is a growing company engaged in processing rice bran oil from crude oil, catering to oil manufacturers and packers. Originally incorporated as Swasth Foodtech India Private Limited on February 2, 2021, the company transitioned to a public limited entity on May 20, 2024. Operating from a strategically located manufacturing facility in Purba Burdwan, West Bengal, the company has a refining capacity of 125 MT per day, enabling efficient processing and production.

Rice bran oil, known for its balanced composition of polyunsaturated and monounsaturated fats, is considered a healthier alternative to other cooking oils. Rich in Vitamin E and Oryzanol, it supports heart health and is ideal for high-heat cooking. 

The company produces rice bran oil in various grades and colors based on customer requirements. In addition to rice bran oil, byproducts such as fatty acids, gums, spent earth, and wax are marketed and sold, ensuring optimal resource utilisation.

Future plans include setting up a packaging unit to brand and sell products directly to small retailers and consumers. This initiative aims to enhance brand presence while offering third-party packaging services. Expanding the product portfolio through branded offerings is expected to strengthen market positioning and drive business growth. 

How To Check the Allotment Status of Swasth Foodtech IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for the Swasth Foodtech IPO Online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Swasth Foodtech IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Swasth Foodtech IPO 

Registered office: Baro Chowmata Belari, Guskara, Purba Burdwan, Bardhaman – 713 141, West Bengal, India

Phone: +91 890 073 8769

E-mail: cs@swasthfoodtech.com

Swasth Foodtech 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 IPO 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.

Share Holding Pre-Issue

100.00%

Share Holding Post Issue

72.90%

Key Performance Indicators for Swasth Foodtech IPO

As of March 31, 2024, the market capitalisation of Swasth Foodtech's IPO is ₹55.06 crore. Here are the KPIs of Swasth Foodtech:

KPI

Values

ROE (%)

30.97

ROCE (%)

13.48

Debt/Equity

3.75

PAT Margin

1.44

Price to Book Value

6.43

Price Metrics

Metric

Pre-IPO

Post-IPO

EPS (₹)

4.53

6.25

P/E (x)

20.77

15.05

Note: The Pre-IPO EPS is calculated using the pre-issue shareholding as of the RHP date and the latest available earnings for the fiscal year ending March 31, 2024.

The Post-IPO EPS is based on the post-issue shareholding and the annualised earnings for the fiscal year ending September 30, 2024, as provided in the RHP.

Swasth Foodtech IPO Prospectus

Swasth Foodtech IPO Registrar and Lead Managers

Swasth Foodtech IPO Lead Managers

  • Horizon Management Private Limited

Registrar for Swasth Foodtech IPO

Mas Services Limited

Swasth FoodtechIPO Registrar

Financial Performance of Swasth Foodtech India Limited

Particulars Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from Operation (in ₹ lakh) 13,324.98 9,989.64 122.10
Profit After Tax (PAT) (in ₹ lakh) 193.24 2.69 1.14
EPS (Earnings per Share in ₹) 5.03 0.09 0.04
Total Borrowings (in ₹ lakh) 2,338.86 2,382.18 791.77
Return on equity (%) 30.97 0.89 0.38
Return on capital employed (%) 13.48 5.11 0.22
EBITDA (in ₹ lakh) 472.19 189.93 2.42
Current Ratio (x) 0.95 0.84 0.35

Know before investing

Strengths

8

  1. Strategically located in West Bengal, providing easy access to ports.

  2. Fully automated manufacturing unit ensures high production efficiency and consistency.

  3. Refining capacity of 125 MT per day boosts operational scalability.

  4. Quality control measures ensure consistency and meet FSSAI standards.

  5. Strong client relationships drive repeat business and long-term growth.

  6. Experienced management team with expertise in the edible oil industry.

  7. Plans to expand product range with sunflower, mustard, soya, and palm oil.

  8. Global expansion plans targeting markets in Japan, Europe, and America.

Risks

8

  1. Loss of key customers could significantly impact revenue and operations.

  2. Dependence on geographical regions makes business vulnerable to adverse developments.

  3. Limited operating history makes it difficult to evaluate long-term business prospects.

  4. Lack of long-term agreements with suppliers may disrupt raw material supply.

  5. Price fluctuations of rice bran oil affect profitability and business stability.

  6. Limited experience in retail market expansion may hinder customer acquisition.

  7. Dependency on a few customers for bulk sales increases business risks.

  8. Past negative cash flow could hinder business growth and financial stability.

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Swasth Foodtech India Limited Peer comparison

Company Name EPS (Basic) NAV (per share) (₹) RoNW (%) P/BV Ratio
Swasth Foodtech India Limited 5.03 14.62 30.97 6.71
Halder Venture Limited 36.92 204 19.66 1.33
Sarveshwar Foods Limited 0.17 2.95 6.64 4.5

Swasth Foodtech IPO FAQs

What is the Swasth Foodtech IPO?

Swasth Foodtech IPO is a fixed-price issue IPO. It will be open from February 20, 2025, to February 24, 2025.

When will Swasth Foodtech IPO be allotted?

The Basis of Allotment will happen on Tuesday, February 25, 2025.

When will Swasth Foodtech IPO open for subscription?

The IPO subscription window will open on  February 20, 2025.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,200 shares.

When will Swasth Foodtech India Limited list on exchanges?

The listing date for Swasth Foodtech India Limited is Friday, February 28, 2025.

What is the issue size of Swasth Foodtech IPO?

The issue size of the Swasth Foodtech IPO is up to ₹14.92 crore, with a fresh issue of ₹14.92 crore.

What are the open and close dates of the Swasth Foodtech IPO?

The open and close dates for Swasth Foodtech IPO are from February 20, 2025, to February 24, 2025.

What would be the listing gains on Swasth Foodtech IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to increase your chances of getting a Swasth Foodtech IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for Swasth Foodtech IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Swasth Foodtech India Limited using one PAN?

You can submit only one application using your PAN card.

How to read Swasth Foodtech India Limited's financial statements?

To read Swasth Foodtech India Limited’s financial statements, download the IPO’s  RHP document.

What is 'pre-apply' for the Swasth Foodtech IPO?

Pre-apply allows investors to apply for the  Swasth Foodtech IPO two days before the subscription period opens, ensuring an early submission of your application.

If I pre-apply for the Swasth Foodtech India Limited IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.

When will I know if my Swasth Foodtech India Limited IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Who is the registrar of Swasth Foodtech IPO?

Mas Services Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.

Where is the Swasth Foodtech IPO getting listed?

Swasth Foodtech IPO is proposed to be listed on the SME platform of the Bombay Stock Exchange (NSE).