Sawaliya Food Products made a stellar debut on the NSE SME platform, with its shares opening at Rs 228.00, marking a significant 90% premium over the issue price of Rs 120.00. The impressive listing reflects strong investor interest in the company's initial public offering (IPO).

IPO Performance

The IPO of Sawaliya Food Products garnered substantial attention from various investor categories:

IPO Details

The public offering consisted of:

• Fresh issue: 26 lakh shares worth Rs 31.23 crore
• Offer for sale: 3 lakh shares worth Rs 3.60 crore

Company Profile

Sawaliya Food Products specializes in manufacturing and processing dehydrated vegetables for the packaged food industry and international buyers. Their product range includes:

• Dehydrated carrots
• Dehydrated cabbage
• Dehydrated string beans

These products find applications in various ready-to-eat food items such as cup noodles, meals, pasta, and soups.

Utilization of IPO Proceeds

The company plans to utilize the funds raised from the IPO for several strategic initiatives:

1. Machinery purchase and upgrades
2. Installation of a solar PV system
3. Meeting working capital requirements
4. Repayment of existing debt
5. General corporate purposes

The strong market response and premium listing suggest investor confidence in Sawaliya Food Products' business model and growth prospects in the dehydrated food sector.

Sawaliya Foods Products, a manufacturer and processor of dehydrated vegetables, has successfully listed on the National Stock Exchange's (NSE) Small and Medium Enterprises (SME) platform following its Initial Public Offering (IPO).

IPO Details and Subscription

The company's Rs 35.00 crore IPO garnered significant investor interest, resulting in an impressive oversubscription of 13.32 times overall. The public issue, priced at Rs 120.00 per share, comprised a fresh issue of 26 lakh shares worth Rs 31.20 crore and an offer for sale of 3 lakh shares worth Rs 3.60 crore.

The subscription breakdown across investor categories showcased strong demand:

Grey Market Performance

In the grey market, Sawaliya Foods Products' shares are trading at approximately 5% premium over the issue price, indicating positive investor sentiment towards the company.

Company Profile

Sawaliya Foods Products specializes in manufacturing and processing dehydrated vegetables for the packaged food industry and international buyers. Their product range includes:

• Dehydrated carrots
• Dehydrated cabbage
• Dehydrated string beans

These products find applications in various ready-to-eat food items such as cup noodles, ready-to-eat meals, pasta, and soups.

Utilization of IPO Proceeds

The company plans to utilize the funds raised from the IPO for several strategic initiatives:

1. Machinery purchase and upgrades
2. Installation of solar PV systems
3. Meeting working capital requirements
4. Debt repayment
5. General corporate purposes

This strategic allocation of funds is expected to enhance the company's operational capabilities and financial position in the competitive food processing industry.

The successful listing of Sawaliya Foods Products on the NSE SME platform marks a significant milestone for the company, potentially opening up new avenues for growth and expansion in the dehydrated vegetable market.