Upcoming IPO: Swasth Foodtech IPO opens on 20 February; ₹ 94 apes on points band set; Check GMP. Stock market news

Upcoming IPO: Swasth Foodtech India Ltd IPO will open for membership on Thursday, February 20, and will close on Monday, February 24. 94 per equity share of the marked value of 10 each. After this, bids can be made for minimum 1,200 equity shares and then for multiples of 1,200 equity shares.

Health Foodtech India Limited is involved in the processing of Rice Bran Oil, which he sells to oil manufacturers and packers. The company produces many grades of rice bran oil which are abundant in vitamin E and Origanol, which offer a versatile, neutral taste for the health benefits for the heart, a high smoke point and cooking.

The company promotes and sells rice bran oil, as well as byproaches such as fatty acids, gums, spent earth and wax, which arise during the processing of their products in the open market. Its convenience is a purification unit dedicated to large -scale production of rice bran oil. It intends to use funds to install a packaging unit for its own brands and third parties, focusing on small retailers.

According to prospectus, the company listed comrades Turmeric ventrus Limited (with P/E of 11.70), and Sarveshwar Food (With P/E of 37.20).

In FY24, firm recorded total revenue 13,432.17 lakhs, an ebitda 472.19 lakhs, and a pat 193.24 Lakh. In addition, in the first half of FY25, the company generated total revenue 8,863.21 lakh, an ebitda 348.44 lakhs, and a consolidated pat 182.94 lakhs.

Swasth Foodtech IPO Description

Swasth Foodtech IPO has a new issue of 15,87,600 equity shares that collect 14.92 crore. There is no proposal for sale (offs) component.

The company intends to use pure income from this issue for various purposes, including the installation of a packing line in the current manufacturing facility, financing the working capital needs of the company and for general corporate purposes.

“IPO income will be used strategically to enhance our manufacturing capabilities, with a major part allocated to install a new packing line for better efficiency and product quality, with which we in expanding our product portfolio Will be enabled.

By introducing oils such as sunflower, mustard, soy and palm oil, we aim to complete a comprehensive customer base, including both institutional customers and retail customers. Our focus on packaging of our products in small amounts will help us reach more consumers and create a strong brand appearance in the domestic market, “said Dilip Chhajar, Managing Director of Swas Foodtech India.

Horizon Management Private Limited serves as a book-hanging lead manager for health foodtech IPO, and MAS Services Limited is a Registrar overseeing the issue. The market maker Giriraj Stock Broking Private Limited for Swasth Foodtech IPO.

Health FoodTech IPO GMP today

Health FoodTech IPO GMP today or Grey Market Was premium 0, which meant that shares were trading at their issues price According to 94 Investorgain.com, there is no premium or discount in the gray market

‘Gray Market Premium’ indicates the readiness of investors to pay more than the issue price.

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