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Swasth Foodtech IPO
Price Band
₹
Issue Size
₹14.92 Cr
Lot Size
1,200 shares
Min Investment
₹112,800
GMP
—
Issue Price
₹94.0
Swasth Foodtech IPO AI Summary
- Swasth Foodtech IPO is listed on BSE SME.
- Subscription window: 20 Feb–24 Feb 2025, listing on 28 Feb 2025.
Swasth Foodtech India Limited is an emerging player in the rice bran oil market, with a focus on quality and sustainability. The company aims to enhance its operations through the proceeds from its IPO, while investors should consider the associated risks and market dynamics before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Swasth Foodtech IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 24 Feb 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Swasth Foodtech IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
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. The company has a production capacity of 125 MT per day and operates a manufacturing facility in Purba Burdwan, West Bengal, strategically located within India. 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.
Company Financials (₹ Cr)
As of 2024-09-30
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 36.91 | 31.84 | 30.59 | 12.65 |
| Total Income | 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 | 3.00 |
| Reserves and Surplus | 3.80 | 1.97 | 0.04 | 0.01 |
| Total Borrowing | 23.60 | 23.39 | 23.82 | 7.92 |
Key Ratios
EPS
₹4.53
NAV
₹14.62
ROE
30.97%
ROCE
13.48%
RoNW
30.97%
P/B Value
6.43
P/E Ratio
20.77
Market Cap
₹55.06 Cr
PAT Margin
1.44%
Debt/Equity
3.75
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Sarveshwar Foods Limited | 2.95 | 6.64% | 37.2 | 0.17 | 0.17 |
| Halder Venture Ltd | 204 | 19.66% | 11.7 | 36.92 | 36.92 |
| Swasth Foodtech India Limited This IPO | 14.62 | 30.97% | — | 5.03 | 5.03 |
Promoters
Dilip Chhajer, Shrey Jain, Lakshay Jain, Vandana Chhajer, Chhajer Agro Products Pvt.Ltd. and Dilip Chand chhajer (HUF)
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Setting up of a packing line at existing manufacturing unit 3.30 2 Funding of Working Capital Requirement of the company 7.50 3 General Corporate Purposes 2.20 4 Issue expenses 1.92 Total 14.92
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹1.23 Cr in the period ending 31 Mar 2022, increasing significantly to ₹99.94 Cr by 31 Mar 2023. However, it peaked at ₹134.32 Cr in the period ending 31 Mar 2024 before declining to ₹88.63 Cr by 30 Sep 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹0.01 Cr in the period ending 31 Mar 2022, rising to ₹0.03 Cr by 31 Mar 2023. This increased further to ₹1.93 Cr in the period ending 31 Mar 2024, before slightly decreasing to ₹1.83 Cr by 30 Sep 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Swasth Foodtech's implied P/E at the issue price is 20.77, compared to peers trading at P/E ratios ranging from 11.7 to 37.2.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before their official listing on the stock exchange. It provides an indication of the expected demand for the shares based on the prices at which they are traded in this unofficial market.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's essential to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who prefer stable, established companies with predictable earnings might find this IPO less appealing due to its relatively short operational history and the volatility often associated with new listings.
IPO Timeline, Explained
The IPO process includes several key dates: the issue opens on 20 February 2025 and closes on 24 February 2025. Allotment of shares is expected by 25 February 2025, with the listing date set for 28 February 2025.
Listing Gains — The Risk
Listing day gains can be unpredictable and are influenced by various factors, including market conditions and investor sentiment. It is important for investors to be aware that while some IPOs may see significant gains on their listing day, others may not perform as well.
This evaluation is generated from Swasth Foodtech's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
When does Swasth Foodtech IPO open and close?
Swasth Foodtech IPO opens on 20 February 2025 and closes on 24 February 2025.
When does Swasth Foodtech IPO list on the stock exchange?
Swasth Foodtech IPO listed on 28 February 2025 at ₹94.0.
What is the lot size for Swasth Foodtech IPO?
The lot size for Swasth Foodtech IPO is 1200 shares, requiring a minimum investment of ₹112,800.
What is the issue price of Swasth Foodtech's IPO?
The issue price is ₹94.0.
What is the lot size for this IPO?
The lot size is 1200 shares.
What is the minimum investment required?
The minimum investment required is ₹112,800.
When is the listing date for Swasth Foodtech?
The listing date is 28 February 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the premium at which shares are expected to trade in the grey market before their official listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
20 Feb 2025
Close
24 Feb 2025
Allotment
25 Feb 2025
Listing
28 Feb 2025
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