Swasth Foodtech India Ltd

Swasth Foodtech India Ltd IPO

IPO Price Range: ₹94 - 94

We are in the business of processing of rice bran oil from crude oil, for sale to oil manufacturers and packers. We manufacture various rice bran oil under various grades and colours, based on the requirement of our customers. We believe that rice bran oil is healthier than the other options available in the market, on account of it having an ideal balance of polyunsaturated fats and monounsaturated fats, in almost a 1:1 ratio. Since rice bran oil is made from rice bran, it is rich in Vitamin E, an antioxidant and Oryzanol. Rice bran oil is a healthy oil extracted from the germ and inner husk of rice kernels. It has gained popularity in recent years due to its numerous health benefits. The advantages of rice bran oil include support heart-healthy; high smoke point makes it a good choice for stir-frying, sauteing, and other high-heat cooking methods; and Neutral flavor makes it a versatile oil that can be used in a variety of dishes. We have crafted our business model in such a manner that we market and sell, our finished products, being rice bran oil, as well as the residue and the byproducts generated while processing our products. Therefore, we market and sell, fatty acid, gums, spent earth and wax in the open market.

Min Investment

₹1,12,800

IPO Size

₹14 Cr

IPO Status

Closed

Quantity in 1 Lot

1200

Max Bid allowed

1

Listing Exchange

BSE

IPO Application Timeline of Swasth Foodtech India Ltd

passed
Open Date20 Feb 2025
passed
Close Date24 Feb 2025
passed
Allotment Date25 Feb 2025
passed
Listing Date28 Feb 2025

IPO subscribed over

🚀 7.4815x

This IPO has been subscribed by 13.1242x in retail and 0x in QIB.

Subscription Rate

Total Subscription7.4815x
Retail Individual Investors13.1242x
Qualified Institutional Buyers0x
Non Institutional Investors2.6369x

Key Statistics

Bid Opening DateBid Opening Date20 Feb 2025
Bid Closing DateBid Closing Date24 Feb 2025
Allotment DateAllotment Date25 Feb 2025
Issue SizeIssue Size₹14.92Cr
Quantity in 1 lotQuantity in 1 lot1200

Strengths and Risks of Swasth Foodtech India Ltd IPO

Strengths

Strengths

  • Modern and strategically located manufacturing facilities.

  • Easy availability of crude oil around our manufacturing facility.

  • Arrangements with institutional oil manufacturers for supply of rice bran oil.

  • Quality Assurance and Quality Control of our products.

  • Well experienced management team with proven project management and implementation skills.


Risks

Risks

  • The company depends on a few customers for its products, for a significant portion of the company revenue, and any decrease in revenues or sales from any one of its key customers may adversely affect the company business and results of operations.

  • The company generates its major portion of sales from its operations in certain geographical regions. Any adverse developments affecting its operations in these regions could have an adverse impact on the company revenue and results of operations.

  • The company has a limited operating history in respect of its products, which may make it difficult for investors to evaluate the company business and prospects.

  • Its business is dependent on the sale of the company products to certain oil manufacturers with whom the Company has not entered into any long- term agreements purchasing its Rice Bran Oil. The loss of such customers, a significant reduction in purchases by such customers, or a lack of commercial success of their product of which the company is a major supplier could materially adversely affect its business, results of operations and financial condition.

  • The company derives significant portion of its revenues from the sale of by-products derived during the processing of rice bran oil and any reduction in demand from its consumers could have an adverse effect on the company business, results of operations and financial condition.

  • The company highly depends on its key raw material and a few key suppliers who help it procure the same. The company has not entered into long-term agreements with its suppliers for supply of raw materials. In the event the company is unable to procure adequate amounts of raw materials, at competitive prices its business, results of operations and financial condition may be adversely affected.

  • Its products are in the nature of commodities, and their prices are subject to fluctuations that may affect the company profitability.

  • All of its experience in respect of the company business operations is limited to manufacturing of rice bran oil and therefore the Company has limited experience of packaging its products and selling them on a retail basis. Hence, the company has limited exposure in operating a packaging line and marketing its products outside to retail customers, which may make it difficult to evaluate its past performance and prospects with respect to the same.

  • The Company had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.

  • Its Group Company is engaged in a similar line of business as the Company and may compete with it.

Promoters Holding

Investors Holdings %
Dilip Chhajer13.89%
Shrey Jain14.7%
Lakshay Jain28.78%
Vandana Chhajer24.39%
Chhajer Agro Products Pvt Ltd13.58%

Frequently Asked Questions of Swasth Foodtech India Ltd IPO

  • What is the size of the Swasth Foodtech India Ltd IPO?

    The size of the Swasth Foodtech India Ltd IPO is ₹14.92Cr .

  • What is 'pre-apply' for Swasth Foodtech India Ltd IPO?

    'Pre-apply' for Swasth Foodtech India Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Swasth Foodtech India Ltd IPO order be placed?

    Your Swasth Foodtech India Ltd IPO order will be placed on 20 Feb 2025.

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

    The open and close dates of the Swasth Foodtech India Ltd IPO are 20 Feb 2025 to 24 Feb 2025.

  • What is the lot size and minimum order quantity of the Swasth Foodtech India Ltd IPO?

    The lot size and minimum order quantity of the Swasth Foodtech India Ltd IPO are 1200 and 1200 respectively.

  • What would be the listing gains on the Swasth Foodtech India Ltd IPO?

    The potential listing gains on the Swasth Foodtech India Ltd IPO will depend on various market factors and cannot be predicted with certainty.