Swasth Foodtech IPO booked 7.8 times on Day 3; share allotment tomorrow; here’s how to check status online

Swasth Foodtech India IPO share allotment status is expected to be finalised on Tuesday, February 25, after the successful subscription. The BSE SME issue was open for bidding from February 20 to February 24.

The ₹14.92-crore IPO was booked 7.83 times with bids for more than 1.17 crore shares against 15.07 lakh shares on offer, the BSE data till 5 pm showed.

On the last day of subscription on Monday, the IPO attracted bids for more than 98.90 lakh shares from retail investors compared to the allocation of 7.53 lakh shares. The Retail portion was booked 13.12 times. The Non-Institutional Investors (NIIs) applied for 19.72 lakh shares against 7.53 lakh shares set aside for them. The NIIs segment was booked 2.53 times.

After the end of the IPO subscription, Swasth Foodtech India Ltd is likely to finalise the share allotment status on Tuesday, February 25. The investors can check the IPO share allotment status on the official websites of the BSE and IPO registrar, Mas Services Ltd.

How to check Swasth Foodtech IPO allotment status on Mas Services:

• Go to the official website of Mas Services Ltd: https://www.masserv.com/index.asp
• Click on ‘IPO Allotment Status’ link
• Select either Search on Dp_id/Client id or Search on PAN No
• Enter details as per the selection
• Submit to check the share allotment details

It’s important to note that the share allotment status will be available after the company finalises the share allocation.

Steps to check Swasth Foodtech IPO share allotment on BSE

• Open BSE IPO allotment status page: https://www.bseindia.com/investors/appli_check.aspx
• Choose ‘equity’ from two options
• Select Swasth Foodtech Ltd from the list of issue names
• Enter the application number or PAN details
• Submit to check the details

Swasth Foodtech India IPO details

• Swasth Foodtech India IPO is a fixed-price fresh issue comprising a fresh issuance of 15.88 lakh shares
• The IPO price has been fixed at ₹94 per share
• The minimum lot size is 1,200 shares, requiring an investment of ₹1,12,800 (₹94 x 1,200) for retail investors
• Swasth Foodtech will credit shares to demat accounts as well as start refunds on February 27
• The tentative listing date for Swasth Foodtech India IPO has been fixed at February 28. Shares of the company will be listed on the BSE SME platform.

Swasth Foodtech India IPO objective

Swasth Foodtech India Ltd. processes rice bran oil from crude oil and markets its products in bulk to oil manufacturers and packers.

The company also sells by-products such as wax, fatty acid, lecithin, gums, and spent earth, which are derived from the oil's refining process. The company operates from Burdwan District in West Bengal. It operates a single-location rice bran oil unit with a refining capacity of 123 metric tonnes per day (MTPD). In addition to rice bran oil, it also commercialises and sells by-products.

The company proposes to further diversify its product portfolio by setting up a packing line at its existing manufacturing unit and entering new product categories by introducing additional healthy oils, such as sunflower oil, mustard oil, soya oil and palm oil, for both institutional customers and prospective end-user customers.

The company has proposed to use ₹3.29 crore to set up a packing line at its existing manufacturing unit. It will use ₹7.5 crore for funding working capital requirements and ₹2.2 crore for general corporate purposes.

Swasth Foodtech India Financials

The company reported revenue from operations of ₹88.28 crore for the period ended on September 30, 2024. Net profit stood at ₹182.94 lakh.

For FY24, the company reported revenue of ₹133.24 crore against ₹99.89 crore in FY23. Its net profit in FY24 increased multifold to ₹1.93 crore against ₹2.69 lakh in the preceding fiscal.

Key performance indicators (As of September 30, 2024)