New Delhi, August 14 (Kiran News): Sawaliya Food Products, a company engaged in producing dehydrated fruits and vegetables for the packaged food industry, made an impressive debut on the stock market today, delighting its IPO investors. The company had issued shares at ₹120 under its IPO.
On the NSE Emerge platform, the listing took place at ₹228, reflecting a 90% premium. Strong buying interest soon pushed the stock to its upper circuit level of ₹239.40. This surge meant that investors saw their money almost double on the very first day, with gains reaching about 99.50%.
Sawaliya Food Products’ ₹34.83 crore IPO was open for subscription between August 7 and 11, and received an enthusiastic response from investors, being oversubscribed 13 times overall. The IPO included the issue of 26.03 lakh new shares, along with the sale of 3 lakh shares through the Offer for Sale (OFS) route.
Funds raised through the IPO will be utilised for purchasing new machinery, upgrading existing machinery, installing an on-grid rooftop solar system, meeting working capital needs, repaying existing debt, and for general corporate purposes.
Founded in 2014, Sawaliya Food Products operates a manufacturing plant with an annual production capacity of 1,500 metric tonnes. In the financial year 2024-25, 66% of the company’s total revenue came from supplying dehydrated vegetables to the packaged food industry. These products are primarily used as raw materials in FMCG items such as cup noodles, ready-to-eat noodles, pasta, and soups. The company also exports its products on a large scale.
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