Bumper listing: Sawaliya Food shares list at 90% premium to SME IPO price

Sawaliya Food Products

Sawaliya Food Products shares made a strong market debut on August 14, listing at Rs 228 apiece on the NSE Emerge platform. This marks a premium of 90 percent over the IPO price of Rs 120 apiece.

The listing premium is significantly higher than grey market estimates. Ahead of listing, the unlisted shares of the company were trading with a 25 percent premium to IPO price at Rs 150 apiece, according to data on Investorgain.

The Rs 34.83 crore IPO of the Madhya Pradesh-based dehydrated fruits and vegetables manufacturer saw strong investor interest during its three days of public bidding, being subscribed more than 13 times between August 7 and August 11.

The maiden public issue of the company comprised a fresh issue of 26.03 lakh shares, and an offer-for-sale of 3 lakh shares by promoters Raghav Somani and his wife Priya Somani.

Incorporated in 2014, Sawaliya Food Products with facility of 1,500 MT production capacity for all dehydrated products in Madhya Pradesh, offers dehydrated vegetables to packaged food industry which contributed 66 percent to its revenue in FY25. Its dehydrated vegetables are used as raw materials in the fast moving consumer goods industry for several products such as cup noodles, ready to eat noodles, pasta, and soup.

The company also exports its finished products to various intermediaries in the United States of America.

Sawaliya Food had said that it will utilize the fresh issue proceeds to purchase new machinery and upgrade existing machinery, as well as set up on-grid rooftop solar PV system of a capacity of 149.04KWp. Further, the funds will be used for working capital requirements, repaying debt, and general corporate purposes.

Unistone Capital is acting as the sole merchant banker for the Sawaliya Food Products IPO.

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