Swasth Foodtech IPO, Feb. 20 -- The initial public offering (IPO) of Swasth Foodtech opened for subscription today, February 20 and will closed on February 24. The company, which aims to raise Rs.14.92 crore through the SME IPO, has set a price of Rs.94 per share.

Swasth Foodtech IPO witnessed strong demand by 4:15 pm on its first day of subscription, garnering 2.13 times bids. The IPO received bids for 32.04 lakh shares against 15.07 lakh shares on offer. The retail investor segment was booked 3.64 times, while the non-institutional investors (NII) category was subscribed 0.61 times.

The company's shares in the grey market traded at a premium of Rs.20. This indicates an estimated listing price of Rs.114, up 21.28 percent from the IPO p...