Swasth Foodtech India Limited was initially established on February 20, 2021. The company specializes in processing rice bran oil from crude oil, which it supplies to oil manufacturers and packers. It produces a variety of rice bran oils in different grades and colors, tailored to meet customer specifications. The business model is designed to market and sell both the final product, rice bran oil, and the residues and by-products generated during the manufacturing process.
The company plans to set up a new packaging unit, which will not only support its own brand but also offer packaging services for third-party brands. This initiative is expected to help the company:
- Develop its own brand identity and
- Diversify its product range, thereby strengthening its market presence and business growth.
Swasth Foodtech primarily operates on a business-to-business (B2B) model, supplying processed rice bran oil in tankers to well-known manufacturers and packers. The company mainly sells its products in bulk to clients who either have their own brands or deal in unbranded or bulk edible oils.
The Swasth Foodtech IPO is scheduled to open on February 19, 2025, and will close on February 21, 2025. The price band for the IPO is set at ₹94 per share. The allocation includes a 50% quota for retail investors and a 50% quota for high-net-worth individuals (HNIs), with no quota reserved for qualified institutional buyers (QIBs). The shares are expected to be listed on the BSE by February 27, 2025.
The allotment for the Swasth Foodtech IPO is set for February 24, 2025. Financially, the company saw a significant increase in revenue, reporting ₹133.25 crores in 2024, up from ₹99.90 crores in 2023. Similarly, profits rose to ₹1.93 crores in 2024 from a modest ₹0.03 crores in 2023.
Swasth Foodtech IPO Details
| 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 Size: | Approx ₹14.92 Crores |
| Fresh Issue: | Approx ₹14.92 Crores |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 50% |
| NII Quota: | Not more than 50% |
Swasth Foodtech IPO Timeline
| IPO Open Date: | February 19, 2025 |
| IPO Close Date: | February 21, 2025 |
| Basis of Allotment: | February 24, 2025 |
| Refunds: | February 25, 2025 |
| Credit to Demat Account: | February 25, 2025 |
| IPO Listing Date: | February 27, 2025 |
Swasth Foodtech SME IPO Lots
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹94.00 |
| Market Lot: | 1,200 Shares |
| 1 Lot Amount: | ₹1,12,800 |
| Min HNI Lots: | 2400 shares (2 lots) – ₹2,25,600 |
Swasth Foodtech India Limited: Financial Overview and Key Insights
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 36.91 | 31.84 | 30.59 | 12.65 |
| Revenue | 88.63 | 134.32 | 99.94 | 1.23 |
| Profit After Tax | 1.83 | 1.93 | 0.03 | 0.01 |
| Net Worth | 8.07 | 6.24 | 3.03 | 3 |
| Reserves and Surplus | 3.8 | 1.97 | 0.04 | 0.01 |
| Total Borrowing | 23.6 | 23.39 | 23.82 | 7.92 |
