Swasth Foodtech India Ltd IPO
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Swasth Foodtech India Ltd IPO Details
Details
Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
---|---|---|---|---|---|
₹ 15.88 L | TBA | ₹ 7.54 L | ₹ 42.7 L | BSE | TBA |
IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
20 Feb, 25 | 24 Feb, 25 | 1200 | TBA | Fixed Price - SME | 28 Feb, 25 |
Swasth Foodtech India Ltd IPO Dates
Details
Sector | Type |
---|---|
Sector | Solvent Extraction |
Sub Sector | NA |
Issue Type | Fixed Price - SME |
Subscription Status
*Values are in Lakhs
Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
---|---|---|---|
QIB | 0x | 0 | 0 |
NII | 0.78x | 753600 | 590400 |
Retail | 4.44x | 753600 | 3344400 |
Employee | 0x | 0 | 0 |
Total | 2.48x | 1587600 | 3934800 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Swasth Foodtech India Ltd Financial Status
Income Statement
Balance Sheet
Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
---|---|---|---|
Revenue from operations | 2.85 | 0.73 | 0.02 |
EBITDA | 3.54 | 1.25 | 0.02 |
PAT | 1.93 | 0.03 | 0.01 |
Total Assets | 20.21 | 18.44 | 1.62 |
Share Capital | 4.27 | 2.99 | 2.99 |
Total Borrowings | 23.30 | 22.62 | 8.03 |
Operating Activities (Net Cash) | 2.62 | 0.55 | 0.01 |
Investing Activities (Net Cash) | 0.00 | 0.00 | -10.68 |
Financing Activities (Net Cash) | 23.30 | 22.62 | 8.03 |
Net Cashflow | 0.38 | 1.10 | 0.05 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Swasth Foodtech India Ltd
Swasth Foodtech India Limited (the Company) was originally incorporated under the name `Swasth Foodtech India Private Limited', pursuant to a certificate of incorporation dated February 2, 2021 issued by the Deputy Registrar of Companies, Registrar of Companies, Central Registration Centre. Further, our Company was converted into a public limited company pursuant to a resolution passed by our Board of Directors in their meeting held on January 27, 2024 and by the Shareholders in an Extraordinary General Meeting held on February 21, 2024 and a fresh certificate of incorporation dated May 20, 2024 was issued by the Registrar of Companies, Central Registration Centre. Consequent to the conversion of our Company, the name of our Company was changed to `Swasth Foodtech India Limited'.
Edible oils and Fats are essential ingredients for a wholesome and balanced diet and they are vital items of mass consumption. The Department of Food and Public Distribution deals with issues related to the Vegetable Oil Processing Industries, Price Control, Inter State trade & commerce and also supply & distribution of vanaspati, oilseeds, vegetable oil, cakes and fats. The Directorate of Sugar and Vegetable oils is staffed with qualified technical people who assist the Ministry in the coordinated management of Vegetable Oils Policy, particularly relating to production/availability and monitoring of prices.
We are in the business of processing of edible rice bran oil from crude oil, for sale to edible oil manufacturers and packers. We manufacture various edible rice bran oil under various grades and colours, based on the requirement of our customers. We believe that edible 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 edible rice bran oil is made from edible rice bran, it is rich in Vitamin E, an antioxidant and Oryzanol. Edible rice bran oil is a healthy oil extracted from the germ and inner husk of edible rice kernels. It has gained popularity in recent years due to its numerous health benefits. The advantages of edible 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 edible 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 edible 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.
Peer Comparison:
- Halder Venture Ltd
- Sarveshwar Foods Ltd
Swasth Foodtech India Ltd IPO Key Points
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.
Risk
- 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.
Strategy
- Setting up of a packing line at our existing manufacturing unit to focus on packing and selling our products in our own brand in small quantities.
- Addition of unflower oil, mustard oil, soya oil and palm oil' as an additional products.
- Diversifying and increasing penetration in markets.
- Strengthen our marketing network.
- 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.
How To Apply for Swasth Foodtech India Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.