Swasth Foodtech India Ltd. The initial public offer of the public will be closed for membership on Monday, February 24. SME IPO has been booked 6 times in its last day. Swasth Foodtech India IPO was booked 3 times on Friday and was completely subscribed to day 1 under the leadership of retail investors.
The company’s goal is Rs 14.92 crore from investors in primary through its public issue.
As the bid on day 3 continues, check the Swas Foodtech India details, including the latest GMP, membership status, allocation and listing details.
Swasth Foodtech IPO: Day 3 membership status
Swasth Foodtech IPO has been subscribed 6 times till 1:59 pm on Monday, according to the market tracking site Chittorgarh.
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Non-institutional investor: 1.66 times
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Retail Investor: 10.35 times
*Membership status will be updated at regular intervals
Swasth Foodtech IPO Description
The Swasth Foodtech IPO includes a new issue of 15.88 lakh shares offered at a fixed price of Rs 94. This total offer size evaluate takes up to Rs 14.92 crore.
Retail investors can bid in the Swasth Foodtech IPO with a minimum size of 1200 shares with a total size of money. 1,12,800.
Of the 15,87,601 shares – 7,53,600 (47.47%) is reserved for non -institutional investors, and 7,53,600 (47.47%) is reserved for retail investors.
Swasth Foodtech has appointed horizon management private. Book-Rringing Lead Manager and MAS Services Limited as Registrar for this issue. Giriraj Stock Broking Pvt. Swasth Foodtech is the market maker for IPO.
For more information about IPO, watch the Red Herring Prospectus of Swasth Foodtech IPO here.
Health FoodTech IPO GMP today
The gray market premium for Swasth Foodtech IPO was Rs 3 on February 24 at 12:35 pm. Depending on the current GMP trends, the estimated listing price is Rs 97, which is a premium of 3.19%.
Note: GMP is based on speculation and is not an official source of data.
Swasth Foodtech IPO allocation and listing date
The allocation for Swasth Foodtech IPO is expected to be finalized on Tuesday, 25 February. Swasth Foodtech IPO is likely to be listed on BSE SME on 28 February.
IPO: Use of Income
Swasth Foodtech has proposed to make a packing line in its manufacturing unit and use net income from IPO to fund its working capital requirements. A section of income will be used for general corporate purposes.
Disclaimer: Investment in initial public offerings is subject to market risks. Please consult with financial advisors and read red herring prospectus well before bidding.
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