Incorporated in 2021, Swasth Foodtech India Limited is engaged in processing rice bran oil for sale to oil manufacturers and packers.
The company produces various grades of rice bran oil, rich in Vitamin E and Oryzanol, offering heart-healthy benefits, high smoke point, and versatile, neutral flavor for cooking.
The company markets and sells rice bran oil, along with byproducts like fatty acids, gums, spent earth, and wax, generated while processing its products in the open market.
The company’s facility includes a refining unit for bulk rice bran oil production. It plans to use proceeds to set up a packaging unit for its own and third-party brands, targeting small retailers.
The company operates a zero-waste unit, reusing or selling by-products like gums, wax, and fatty acids. Its fully automated, high-grade stainless steel facility efficiently refines oil and extracts by-products.
The company has a production capacity of 125 MT per day and operates a manufacturing facility in Purba Burdwan, West Bengal, strategically located within India.
Products:
- Rice Bran Oil: The company processes domestically sourced crude rice bran oil, extracting by-products, and sells bulk oil to manufacturers, refiners, and wholesalers for health benefits.
- By-Products:The company produces by-products like fatty acids, wax, gums, and spent earth, which are used by industries such as soap, cosmetics, and animal feeds.
As of September 30, 2024, the company has 17 employees.
Competitive Strengths:
- Modern and strategically located manufacturing facilities.
- Easy availability of crude oil around the manufacturing facility.
- Arrangements with institutional oil manufacturers for supply of rice bran oil.
- Quality Assurance and Quality Control of the products.
- Well-experienced management team with proven project management and implementation skills.
| Purpose | Amount (₹ Cr) |
|---|---|
| Setting up of a packing line at the existing manufacturing unit | — |
| Funding of working capital requirements of the Company | — |
| General Corporate Purposes | — |
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Total Assets | 37 | 32 | 31 |
| Revenue | 89 | 134 | 100 |
| PAT | 2 | 2 | 0 |
| Net Worth | 8 | 6 | 3 |
| Reserves | 4 | 2 | 0 |
| Total Borrowing | 24 | 23 | 24 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 753,600 (47%) | — |
| Retail (RII) | — | 753,600 (47%) | — |
| Market Maker | — | 80,400 (5%) | — |
| Total | — | 1,587,600 (100%) | — |
* Amount calculated at upper price band (₹94) · ** Total includes all investor categories
- 1 Initiation of Refund 27 Feb 2025
- 2 Credit of Shares to Demat 27 Feb 2025
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
- The IPO P/E of 15x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹5 compares to post-issue EPS of ₹6 after dilution.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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