IPO
Edible oil focused Swasth Foodtech India's Rs.15-Cr IPO subscribed 5 times
The INR 14.59 crore SME initial public offer (IPO) of Burdwan, West Bengal-based Swasth Foodtech India Ltd raised through a fresh issue of 15.88 lakh shares was subscribed 5.08 times. The price band for the IPO is set at INR 94 per share.The retail portion of the issue was subscribed by 8.65 times, while the issue was subscribed 1.52 times under the non-institutional investors category. Horizon Management acted as the sole book-running lead manager for the issue.Founded in 2021, Swasth is engaged in processing edible rice bran oil from crude oil, catering primarily to edible oil manufacturers and packers.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
