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Swasth Foodtech India Limited IPO
Swasth Foodtech India Ltd
₹1,12,800 /1200 sharesMinimum Investment
Swasth Foodtech India Limited IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹94.00 | ₹94.00 | ₹0.00 (0.00%) |
Swasth Foodtech India Limited IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 20 Feb ‘25 - 24 Feb ‘25 | ₹1,12,800 | 1,200 | ₹94 - ₹94 |
| Issue Size | IPO Doc |
|---|---|
| 14.92Cr | RHP PDF |
Subscription rate
As of 24 Feb'25, 04:00 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 2.57x |
| Retail Individual Investor | 12.28x |
| Total | 7.05x |
About Swasth Foodtech India Limited
Founded in
2021
Managing director
Mr Dilip Chhajer
Parent organisation
Swasth Foodtech India Ltd
Strengths & Financials of Swasth Foodtech India Limited
Strengths
Risks
Swasth Foodtech has a manufacturing facility strategically located in Purba Burdwan, West Bengal, near key ports and road networks.
The company claims to have a fully automated manufacturing facility equipped with high-grade stainless steel 304 and advanced machinery. The facility is designed for refining crude rice bran oil and extracting by-products with minimal human intervention.
Swasth Foodtech claims to have an in-house laboratory and a dedicated quality assurance and quality control division that conducts round-the-clock testing to comply with regulatory standards, including FSSAI requirements.
Swasth Foodtech claims to have established informal supply arrangements with institutional oil manufacturers and reputed brands.
The company claims to be continuously investing in process innovations to improve yields and reduce production costs.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 1.22 crore in FY22 to Rs 99.90 crore in FY23 to Rs 133.25 crore in FY24, while PAT increased from Rs 0.01 crore in FY22 to Rs 0.03 crore in FY23 to Rs 1.93 crore in FY24.
Swasth Foodtech's revenue is largely dependent on rice bran refined oil, which contributed Rs 78.76 crore (89.20%), Rs 117.17 crore (87.93%), and Rs 74.90 crore (74.98%) of the company's total revenue in the period ended September 30, 2024, FY24, and FY23, respectively. Any decline in demand, changes in consumer preference, or regulatory restrictions on rice bran oil can adversely affect the company’s financial performance.
The top 10 customers of Swasth Foodtech contributed Rs 54.15 crore (61.33%), Rs 72.35 crore (54.29%), Rs 54.96 crore (55.02%), and Rs 1.22 crore (100%) to the company’s revenue in the half-year ended September 30, 2024, and FY24, FY23, and FY22, respectively. Any failure to retain these key customers, expand the customer base, or a loss of business from these clients can adversely affect the company’s business and financial standing.
As of September 30, 2024, Swasth Foodtech had a total financial indebtedness of Rs 23.60 crore. Any failure to service or repay these loans on time can harm the company’s financial position and operations.
In the past, the company has faced delays in payment of statutory dues such as GST, ESIC, and Provident Fund (PF) in multiple instances, with delays ranging from 3 to 650 days. Any future non-compliance or delays may result in penalties or legal actions, affecting the company's financial stability.
The company’s only manufacturing facility is located in Purba Burdwan, West Bengal. Any adverse changes to the business environment of this region can disrupt operations, leading to production delays and revenue loss.
Swasth Foodtech India Limited Financials
*All values are in Rs. Cr
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Application Details of Swasth Foodtech India Limited IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹94 - 94 | ₹2 - 5 Lakh |
| High Networth Individual | ₹94 - 94 | ₹2 - 5 Lakh |
For Swasth Foodtech India Limited IPO, eligible investors can apply as Regular.