Kolkata (West Bengal) [India], February 20: Swasth Foodtech India Limited specializes in processing rice bran oil from crude rice bran oil,producing various grades and colours tailored to customer specifications, has announced its plan to go public with an IPO on February 20, 2025, aiming to raise ₹ 14.92 Crores, with shares to be listed on the BSE SME platform.
Equity Share Allocation
- Non-Institutional Investors (NII) – Up to 7,53,600 Equity Shares
- Retail Individual Investors (RII) – Up to 7,53,600 Equity Shares
- Market Maker – Up to 80,400 Equity Shares
The net proceeds from the issue will be utilized primarily for Setting up of a packing line at their existing manufacturing unit, Funding of working capital requirements of our Company, & General Corporate Expenses. The issue will open for subscription on February 20, 2025 and closes on February 24, 2025.
The Lead Manager to the Issue is Horizon Management Private Limited. The Registrar to the Issue is MAS Services Limited.
Mr. Dilip Chhajer, Managing Director of Swasth FoodtechIndia Limited expressed, “We are very proud and excited to announce our IPO, marking a significant step in our growth and diversification. Since our inception, we have focused on refining and processing rice bran oil to meet the growing demand for healthier cooking alternatives. Our journey has been one of continuous innovation, and today, we stand at the threshold of a new growth phase.
The IPO proceeds will be strategically utilized to enhance our manufacturing capabilities, with a major portion allocated to setting up a new packing line for improved efficiency and product quality, enabling us to expand our product portfolio.
By introducing oils such as sunflower, mustard, soya, and palm oil, we aim to cater to a wider customer base, including both institutional clients and retail customers. Our focus on packaging our products in smaller quantities will help us reach more consumers and build a strong brand presence in the domestic market.
This expansion, at our current facility in West Bengal, is key to our strategy for long-term growth, innovation, and boosting production capacity. We are excited about the future and confident that this move will pave the way for continued success, allowing us to better serve our customers and strengthen our position in the market.â€
Mr. Manav Goenka, President (Investment Banking) of Horizon Management Private Limited said, “We are proud to be part of Swasth’s journey as it takes a significant step toward expansion. The edible oil industry is experiencing a surge in demand, driven by increasing health consciousness, rising disposable incomes, and a shift toward healthier cooking alternatives. As the Indian economy grows and consumption patterns evolve, the demand for rice bran oil known for its health benefits is expected to rise.
The proceeds from this IPO will enable the company to scale operations and strengthen its market position. We are confident that Swasth’s robust infrastructure, skilled management team, and well-defined strategy will allow it to excel in this dynamic industry landscape and achieve sustainable growth.â€
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