Swasth Foodtech India IPO subscribed nearly 4 times on Day 2: Check GMP, price band and other details

The retail portion of the issue was subscribed by 6.77 times, while the issue was subscribed 1.08 times under the non-institutional investors category. The qualified institutional buyers had not made any bids yet.

Swasth Foodtech India IPO’s GMP on Day 2

Ahead of listing, the company’s shares were trading with a GMP of Rs 3 in the unlisted market on Friday, indicating a premium of 3.2% over the upper end of the IPO price band of Rs 94.

Swasth Foodtech India IPO price band

The price band for Swasth Foodtech India’s IPO is set at Rs 94 per share. Investors bidding for one lot will be allotted 1,200 shares.

Listing and allotment dates

The company is set to finalise the IPO share allotment process on February 25, with the listing scheduled for February 28.

About Swasth Foodtech India IPO

Swasth Foodtech is engaged in processing edible rice bran oil from crude oil, catering primarily to edible oil manufacturers and packers.The company produces various grades and colors of rice bran oil, tailored to meet customer-specific requirements. It positions rice bran oil as a healthier alternative to other market options due to its ideal balance of polyunsaturated and monounsaturated fats, maintaining a near 1:1 ratio.Derived from the germ and inner husk of rice kernels, rice bran oil is naturally rich in Vitamin E (an antioxidant) and Oryzanol. Its numerous health benefits have contributed to its rising popularity in recent years. These benefits include supporting heart health, offering a high smoke point—ideal for stir-frying, sautéing, and other high-heat cooking methods—and featuring a neutral flavor, making it versatile for various culinary applications.

Swasth Foodtech’s business model is designed to market and sell both its finished product—edible rice bran oil—and the residues and byproducts generated during processing.

Edible oils and fats are essential components of a balanced diet and play a vital role in mass consumption. The Department of Food and Public Distribution oversees issues related to the vegetable oil processing industry, including price control, interstate trade and commerce, and the supply and distribution of vanaspati, oilseeds, vegetable oils, oil cakes, and fats.

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