Swasth Foodtech IPO opens at ₹94 per share, with a lot size of 1,200 shares.Shares trade at ₹118 in the grey market, reflecting a 25.53% premium (GMP of ₹24).IPO subscription reaches nearly 50% by 11:00 AM on February 20, 2025.Listing on BSE SME is expected on February 28, 2025.Funds raised will be used for facility expansion, corporate needs, and working capital.
Key Highlights:
Swasth Foodtech IPO Subscription and GMP Performance:
The Swasth Foodtech IPO went live today, February 20, 2025, with strong demand in the grey market. The IPO price is set at ₹94 per share, and shares are already commanding a grey market premium (GMP) of ₹24 per share, reaching ₹118 in unofficial trading. This represents a 25.53% gain over the issue price, indicating strong investor interest.
By 11:00 AM on the opening day, the IPO was subscribed nearly 50%, signaling a positive response from market participants.
Swasth Foodtech IPO Lot Size and Investment Requirements:
The IPO offers a new issuance of 1.58 million equity shares, with investors required to bid in lots of 1,200 shares each.
- Retail investors must invest a minimum of ₹1,12,800 (1,200 shares).
- High Net-Worth Individuals (HNIs) need to purchase at least 2 lots (2,400 shares) for ₹2,25,600.
The IPO subscription window closes on February 24, 2025, with allotment finalization expected on February 25, 2025.
IPO Listing Date and Lead Managers:
Swasth Foodtech shares are expected to be listed on the BSE SME platform on February 28, 2025.
- Horizon Management is the sole book-running lead manager for the IPO.
- Mas Services serves as the IPO registrar.
- Giriraj Stock Broking is the market maker for the issue.
Swasth Foodtech’s Business Model and Expansion Plans:
Founded in 2021, Swasth Foodtech specializes in rice bran oil production, catering to packers and oil manufacturers. The company offers rice bran oil enriched with oryzanol and vitamin E, known for its heart-healthy benefits.
The company follows a zero-waste model, utilizing by-products such as gums, wax, and fatty acids for resale or reuse.
Manufacturing and Expansion Plans:
- The company operates a manufacturing facility in Purba Burdwan, West Bengal, with a daily production capacity of 125 metric tons (MT).
- Funds raised from the IPO will be used for installing a new packing line at the current plant, general corporate expenses, and working capital requirements.
Strong Demand for Swasth Foodtech IPO:
With a solid grey market premium of 25.53% and strong investor interest, Swasth Foodtech IPO is off to a promising start. The company’s expansion plans, zero-waste model, and established presence in the rice bran oil industry make it an attractive investment option.
As the subscription period continues until February 24, 2025, investors will be watching closely for further developments ahead of the listing on February 28, 2025.
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