Market Performance
Sawaliya Food Products made a stellar entry into the stock market on August 14, with its shares listing at ₹228 apiece on the NSE Emerge platform.
This marks a 90% premium over its IPO price of ₹120 per share.
Main News
The ₹34.83 crore IPO of the Madhya Pradesh-based dehydrated fruits and vegetables manufacturer witnessed overwhelming investor response.
During its three-day bidding window from August 7 to August 11, the issue was subscribed over 13 times.
Key listing highlights:
- IPO Price: ₹120 per share
- Listing Price: ₹228 per share
- Listing Premium: 90%
Company Details
Founded in 2014, Sawaliya Food Products operates with a 1,500 MT production capacity in Madhya Pradesh.
The company supplies dehydrated vegetables to the packaged food industry, contributing 66% of FY25 revenue.
Its products are used in various FMCG goods, including:
- Cup noodles
- Ready-to-eat noodles
- Pasta
- Soup
In addition, the company exports finished products to intermediaries in the USA, expanding its global footprint.
IPO Structure
The IPO comprised:
- Fresh Issue: 26.03 lakh shares
- Offer-for-Sale: 3 lakh shares by promoters Raghav Somani and Priya Somani
Proceeds from the IPO will be allocated for:
- Purchasing and upgrading machinery
- Setting up a 149.04 KWp rooftop solar PV system
- Meeting working capital needs
- Debt repayment
- General corporate purposes
Summary
Sawaliya Food Products' share price debut at ₹228 — a 90% premium over its issue price — signals strong investor confidence. With robust demand during subscription, solid revenue contribution from its dehydrated vegetable business, and expansion into the export market, the company has established a promising presence in the SME segment.
Leave A Comment?