Health FoodTech IPO: Swasth Foodtech’s initial public offering (IPO) today, was opened for membership on 20 February and will close on 24 February. Company, the purpose of lifting 14.92 crore through SME IPOPrice of 94 per share.
Swasth Foodtech IPO Membership
The Swasth Foodtech IPO saw a strong demand till 4:15 pm on the first day of its membership, with 2.13 times bids. The IPO received bid for 32.04 lakh shares against 15.07 lakh shares on the proposal. The retail investor section was booked 3.64 times, while the non-institutional investors (NII) category were subscribed 0.61 times.
Health FoodTech GMP today
In company shares Grey Market Trade at the premium of 20. This indicates an estimated listing value 114, 21.28 percent from IPO price 94. This decline 24 in last session
One should note that the gray market premium is only an indicator of how the company’s stocks are performing and can change quickly.
About IPO
Swasath Foodtech IPO There was a new issue of 15.88 lakh shares with no proposal for a fully sales component. Retail investors can apply with a minimum size of 1,200 shares, requiring minimum investment 1.12 lakhs.
The company intends to allocate pure income from this issue towards major objectives, including setting up a packing line in its current manufacturing facility, meeting its working capital requirements and addressing general corporate objectives.
Allocation The Swasth Foodtech IPO will be finalized on Tuesday, February 25, 2025. Meanwhile, Swasth Foodtech IPO BSE will list with a temporary Entry Date fixed as Friday, February 28, 2025.
Horizon Management Private Limited is the book-hanging lead manager of Swasth Foodtech IPO, while MAS Services Limited is Registrar for this issue. The market maker Giriraj Stock Broking Private Limited for Swasth Foodtech IPO.
“SFLs are engaged in the processing of rice bran oils and respective by-products for marketing. It is working on a B2B model with bulk supply. The company is working in a high competitive and fragmented section Which is a high-volume low margin business.
About company
Including 2021, Swasth Foodtech India Limited is an expert in catering processing for rice bran oil, oil manufacturers and packers. The company produces various grades of rice bran oil known for its heart health benefits due to its prosperity in Vitamin E and Origanol. With a high smoking point and neutral taste, the oil is well suited to various cooking applications.
In addition to Rice Bran Oil, the company also sells byepodects such as fatty acids, gums, expenses earth and wax in the open market. Its operation is supported by a purification unit dedicated to wholesale rice bran oil production. Further, the company plans to use its income to set up a packaging unit, allowing it to complete both its own and third party brands, expanding access to small retailers.
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