Health FoodTech India Subscribe about 4 times the day of IPO 2: Check GMP, Price Band and other details

The SME of the Health FoodTech India, which opened for a public bid on February 20, was fully subscribed on Friday with an overall subscription of 3.92 times at 05:00 times the second day of the bid. With the closure of the issue on February 24, the company’s purpose was to pay Rs 15.88 lakh shares through a new issue of Rs. 14.92 crore is to be raised.

The retail part of the issue was subscribed 6.77 times, while the issue was subscribed to 1.08 times under the non-institutional investors category. Eligible institutional buyers had not yet bid.

GMP of Selfish FoodTech India IPO on 2nd day

In front of the listing, shares of the company were trading on Friday with a GMP of Rs.3, which was Rs. The 94 IPO shows a 2.5% premium on the upper end of the price band.

Health FoodTech India IPO Price Band

The price band for Swist FoodTech India IPO is Rs 94 per share. 1,200 shares will be allocated to investors who bid for one flour.

List and Date of Allocation

The company is set to finalize the IPO share allocation process on February 25, with a list fixed on February 28.

About Swist FoodTech India IPO

Healthy foodTech is engaged in processing food bran oil from crude oil, mainly catering to edible oil manufacturers and packers.

The company produces various grade and rice bran oil colors, which are ready to meet customer-specific requirements. It gives it a healthy alternative to other market options, due to its ideal balance of polyunsaturated and monsoon -saturated fats, while retaining the nearest 1: 1 ratio.

Rice kernels and interior crabs, rice bran oils are naturally rich in vitamin E (anti -Ox capedant) and Orzanol. Its numerous health benefits have contributed to its growing popularity in recent years. These benefits include supporting heart health, smoked smoking points are offered-showing-frying, stems and other high-heating cooking methods-and neutral taste, making it versatile for various culinary applications.

The business model of a healthy foodTech is designed to sell and sell both its finished product – fame rice bran oil – and both residues and byproducts generated during processing.

Edible oils and fat are essential ingredients of a balanced diet and play an important role in mass consumption. Vegetable oil process in the Food and Public Distribution Department monitors issues related to the industry, including price control, interstate trade and commerce, and supply and distribution of vaginal, oilseeds, vegetable oils, oil cakes and fat.

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