The Swasth Foodtech IPO is scheduled to open for subscription on February 19, 2025, and will close on February 21, 2025. The IPO is a fixed price band issue with an offer price of ₹94 per share, aiming to raise ₹14.92 crores by issuing a total of 15.88 lakh shares. The minimum lot size for retail investors is 1,200 shares, amounting to an investment of ₹1,12,800, while for High Net-worth Individuals (HNIs), the minimum lot size is 2,400 shares, translating to an investment of ₹2,25,600.
The allotment for the Swasth Foodtech IPO is expected to be finalized on February 24, 2025, and the company is expected to list on the BSE SME platform on February 27, 2025. The IPO is split into 50% retail and 50% HNI quotas, with no portion allocated for Qualified Institutional Buyers (QIBs).
In terms of financial performance, Swasth Foodtech reported impressive growth, with revenue of ₹133.25 crores in FY 2024 compared to ₹99.90 crores in FY 2023. The company’s profit also surged from ₹0.03 crores in FY 2023 to ₹1.93 crores in FY 2024. These positive financial results suggest that the IPO may be an appealing long-term investment opportunity for potential investors.
Overview of Contents
Swasth Foodtech IPO Overview
| Detail | Description |
|---|---|
| IPO Open Date | February 19, 2025 |
| IPO Close Date | February 21, 2025 |
| Face Value | ₹10 per Equity Share |
| IPO Price Band | ₹94 per Share |
| Issue Type | Fixed Price Issue |
| Total Issue Size | 15,87,600 Shares (Approx ₹14.92 Crores) |
| Fresh Issue | 15,87,600 Shares (Approx ₹14.92 Crores) |
| Retail Quota | Up to 50% |
| NII Quota | Up to 50% |
| Listing | BSE SME |
| Lot Size | 1,200 Shares |
| Pre-Issue Shareholding | 42,69,682 Shares |
| Post-Issue Shareholding | 58,57,282 Shares |
| Market Maker Portion | 80,400 Shares |
| DRHP | Click here |
| RHP | Click here |
Swasth Foodtech IPO Lot Size
| Category | Shares | Lots | Amount |
|---|---|---|---|
| Retail (Min) | 1,200 | 1 | ₹1,12,800 |
| Retail (Max) | 1,200 | 1 | ₹1,12,800 |
| HNI (Min) | 2,400 | 2 | ₹2,25,600 |
Swasth Foodtech IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | Wed, Feb 19, 2025 |
| IPO Close Date | Fri, Feb 21, 2025 |
| Cut-off Time for UPI Mandate Confirmation | 5 PM on Feb 21, 2025 |
| Tentative Allotment Date | Mon, Feb 24, 2025 |
| Initiation of Refunds | Tue, Feb 25, 2025 |
| Credit of Shares to Demat | Tue, Feb 25, 2025 |
| Tentative Listing Date | Thu, Feb 27, 2025 |
Swasth Foodtech IPO Promoter Holding
The promoters of Swasth Foodtech IPO include Dilip Chhajer, Shrey Jain, Lakshay Jain, Vandana Chhajer, Chhajer Agro Products Private Limited, and Dilip Chand Chhajer (HUF).
| Shareholding | Pre-Issue | Post-Issue |
|---|---|---|
| Promoter Holding | 100.00% | 72.90% |
About Swasth Foodtech IPO
Swasth Foodtech India Limited, incorporated in 2021, is engaged in processing rice bran oil for sale to oil manufacturers and packers. The company specializes in producing various grades of rice bran oil, which is rich in Vitamin E and Oryzanol, offering heart-healthy benefits and a high smoke point, making it versatile for cooking. Along with rice bran oil, Swasth Foodtech also produces by-products like fatty acids, wax, gums, and spent earth, which are used in industries such as soap, cosmetics, and animal feeds. The company operates a fully automated, high-grade stainless steel refining facility with a production capacity of 125 MT per day, located in Purba Burdwan, West Bengal. Its zero-waste unit reuses or sells by-products, contributing to sustainability.
The company plans to use the proceeds from its IPO to set up a packaging unit targeting small retailers, both for its own and third-party brands. Swasth Foodtech’s competitive strengths include strategically located manufacturing facilities, easy access to crude rice bran oil, institutional arrangements with oil manufacturers, and a highly experienced management team. The company also adheres to stringent quality assurance and quality control processes to maintain the purity of its products. In line with the “Vocal for Local” initiative, Swasth Foodtech supports India’s self-reliance by manufacturing high-quality rice bran oil domestically and contributing to the Make in India mission.
Looking ahead, Swasth Foodtech is committed to expanding its reach by exploring new markets, enhancing its product offerings, and investing in research and development. With the Asia Pacific region holding the largest share of the rice bran oil market, the company is well-positioned to capitalize on future opportunities. Through its dedication to sustainability, innovation, and customer satisfaction, Swasth Foodtech aims to be a leading force in the edible oil industry while continuing to promote self-reliance and high-quality production.
Swasth Foodtech IPO Financial Performance
| Financial Metrics | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Revenue (₹ Cr) | 88.63 | 134.32 | 99.94 | 1.23 |
| Profit After Tax (₹ Cr) | 1.83 | 1.93 | 0.03 | 0.01 |
| Assets (₹ Cr) | 36.91 | 31.84 | 30.59 | 12.65 |
| Net Worth (₹ Cr) | 8.07 | 6.24 | 3.03 | 3 |
| Reserves and Surplus (₹ Cr) | 3.80 | 1.97 | 0.04 | 0.01 |
| Total Borrowing (₹ Cr) | 23.60 | 23.39 | 23.82 | 7.92 |
Swasth Foodtech IPO Valuation Overview
| Metric | Value |
|---|---|
| Earnings Per Share (EPS) | ₹5.03 (Basic) |
| Return on Net Worth (RoNW) | 30.97% |
| Net Asset Value (NAV) | ₹14.62 |
| EBITDA Margin | 3.54% |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Equity (ROE) | 30.97% |
| Debt to Equity Ratio | 3.75 |
| Return on Capital Employed (ROCE) | 13.48% |
| PAT Margin | 1.44% |
Objects of the Issue
- Setting up of a packing line at the existing manufacturing unit
- Funding of working capital requirements of the Company
- General Corporate Purposes
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Halder Ventres Limited | 36.92 | 20.5 | 19.66% | 186.67 | 643.66 Cr. |
| Sarveshwar Foods | 0.17 | 53.20 | 6.64% | 2.58 | 869.59 Cr. |
Swasth Foodtech IPO Review
- Swastika Investmart –
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- Capital Market –
- BP Wealth –
- ICICIdirect –
- Choice Broking –
- Canara Bank –
- DRChoksey FinServ –
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- Hem Securities –
- IDBI Capital –
- Marwadi Shares –
- Nirmal Bang –
- SBICAP Securities –
- Sharekhan –
- SMC Global –
- Sushil Finance –
Swasth Foodtech IPO Registrar
Mas Services Limited
Phone: +91 112 638 7281/83, 114 132 0335
Email: ipo@masserv.com
Website: www.masserv.com
IPO Lead Managers aka Merchant Bankers
- Horizon Management Private Limited
Company Address
Swasth Foodtech India Limited
Baro Chowmata Belari, Guskara, Purba Burdwan,
Bardhaman – 713 141, West Bengal, India
Phone: +91 890 073 8769
E-mail: info@swasthfoodtech.com
Website: www.swasthfoodtech.com
Swasth Foodtech IPO FAQs
What is the Swasth Foodtech IPO Price?
The Swasth Foodtech IPO is priced at ₹94 per share.
When will the Swasth Foodtech IPO open and close?
The IPO will open for subscription on February 19, 2025, and close on February 21, 2025.
What is the minimum investment required in the Swasth Foodtech IPO?
The minimum investment for retail investors is ₹1,12,800 for 1 lot (1,200 shares).
What is the IPO listing date for Swasth Foodtech?
The Swasth Foodtech IPO is expected to list on February 27, 2025.
What is the minimum lot size for the Swasth Foodtech IPO?
The minimum lot size for the IPO is 1,200 shares.
Who are the promoters of Swasth Foodtech?
The promoters include Dilip Chhajer, Shrey Jain, Lakshay Jain, Vandana Chhajer, and Chhajer Agro Products Private Limited.
What is the promoter holding in Swasth Foodtech post-IPO?
Post-IPO, the promoter holding will be 72.90%.
What are the key competitive strengths of Swasth Foodtech?
Swasth Foodtech’s strengths include modern manufacturing facilities, strategic location, and strong market relationships.
What is the expected return on net worth (RoNW) for Swasth Foodtech?
The return on net worth (RoNW) for Swasth Foodtech is 30.97%.
What is the earning per share (EPS) of Swasth Foodtech for FY2024?
The earnings per share (EPS) for Swasth Foodtech for FY2024 is ₹5.03 (Basic).