The Sawaliya Foods Products IPO is generating significant buzz as it opens for subscription from August 7–11, 2025. This ₹34.83 Cr NSE SME offering combines a fresh issue (₹31.23 Cr) and an OFS (₹3.60 Cr), targeting investors seeking exposure to India’s growing dehydrated foods sector. With a tentative listing date of August 14, 2025, and a price band of ₹114–120/share, this article delivers a data-driven analysis of GMP, financials, risks, and investment potential – everything you need to make an informed decision.
Sawaliya Foods Products IPO Live GMP Today (August 7, 2025)
As of 10:30 AM IST on August 7, 2025, the Grey Market Premium (GMP) for Sawaliya Foods Products IPO is ₹22–25. This indicates:
- Expected Listing Price: ₹137–145 per share
- Listing Gain Potential: 14.17%–20.83%
Note: GMP fluctuates daily based on market sentiment. Monitor until listing (August 14).
Note: GMP fluctuates daily. Check our IPO GMP Tracker for real-time updates.
About Sawaliya Foods Products IPO: Key Details
| Parameter | Details |
|---|---|
| IPO Dates | August 7–11, 2025 |
| Price Band | ₹114–120 per share |
| Face Value | ₹10 |
| Lot Size | 1,200 shares |
| Min Investment | ₹136,800 (Retail), ₹432,000 (HNI) |
| Total Issue Size | ₹34.83 Cr (Fresh: ₹31.23 Cr; OFS: ₹3.60 Cr) |
| Listing Exchange | NSE SME |
| Market Maker | Alacrity Securities Ltd. (Reserved: 1.46 Lakh shares) |
About the Company: Business & Strengths
Core Business: Manufacturer of dehydrated vegetables (carrots, cabbage, string beans) for FMCG giants like Nestlé, Unilever, and global importers. Products are used in cup noodles, pasta, and RTE meals.
Competitive Advantages:
- Strategic Sourcing: Direct farmer partnerships ensuring quality & cost control.
- Zero-Waste Policy: By-products sold for pet food/other uses, boosting margins.
- Export Focus: 40% revenue from USA, Europe.
- Modern Infrastructure: 1,500 MT capacity facility in Dhar, MP.
- Clients: Supplies to top global FMCG brands.
Employee Strength: 25 (as of June 30, 2025).
Financial Performance (Restated Consolidated)
All figures in ₹ Crore
| Financials | FY 2025 | FY 2024 | FY 2023 | 3-Yr CAGR |
|---|---|---|---|---|
| Total Revenue | 34.34 | 23.67 | 15.30 | 49.8% |
| Profit After Tax | 6.95 | 3.12 | 0.59 | 245.5% |
| EBITDA | 12.22 | 6.12 | 1.69 | 169.3% |
| Total Assets | 46.26 | 25.40 | 20.04 | 52.0% |
| Total Borrowings | 22.49 | 12.93 | 13.36 | 29.7% |
| Net Worth | 12.65 | 5.70 | 2.58 | 121.2% |
Key Observations:
- Revenue grew 45% YoY (FY25 vs FY24); PAT surged 123%.
- Debt/Equity reduced to 1.78 (FY25) from 2.42 (FY24).
- Strong cash flow from operations: ₹8.21 Cr (FY25).
IPO Application & Lot Size Details
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | 136,800–144,000 |
| Retail (Max) | 1 | 1,200 | 136,800–144,000 |
| S-HNI (Min) | 3 | 3,600 | 410,400–432,000 |
| B-HNI (Min) | 7 | 8,400 | 957,600–1,008,000 |
How to Apply:
- ASBA via Banks: Use net banking/UPI mandate (cutoff: 5 PM, Aug 11).
- Broker Platforms: Zerodha, Upstox, etc. (search by IPO name).
IPO Reservation Quota
| Investor Category | % of Net Issue | Shares Reserved |
|---|---|---|
| QIB | Up to 50% | 13,78,200 |
| Retail | Min 35% | 9,64,740 |
| NII (HNI) | Min 15% | 4,13,460 |
*Net Issue = 27.56 Lakh shares (Total issue minus Market Maker portion).*
Promoter Holding Structure
| Parameter | Pre-IPO | Post-IPO | Change |
|---|---|---|---|
| Promoter Holding | 96.00% | 67.78% | -28.22% |
| Public Holding | 4.00% | 32.22% | +28.22% |
Promoters: Raghav Somani & Priya Somani. Dilution due to fresh issue.
Objectives of the IPO
Proceeds will be used for:
- Capital Expenditure (₹7.49 Cr):
- New machinery & upgrades.
- 149.04 KWp solar power installation (reducing energy costs).
- Working Capital (₹10 Cr): Raw material procurement & ops expansion.
- Debt Reduction (₹4.61 Cr): Partial repayment of high-cost loans.
- General Corporate Purposes.
IPO Timeline (Tentative)
| Event | Date |
|---|---|
| IPO Open | Aug 7, 2025 (Thu) |
| IPO Close | Aug 11, 2025 (Mon) |
| Allotment Finalization | Aug 12, 2025 (Tue) |
| Refund Initiation | Aug 13, 2025 (Wed) |
| Demat Credit | Aug 13, 2025 (Wed) |
| Listing | Aug 14, 2025 (Thu) |
Investment Limits by Category
- Retail Investors: Max ₹2 Lakh application (1 lot only).
- NII (HNI): Min ₹2 Lakh+, no upper limit.
- QIB: No min/max restrictions.
Anchor Investor Details
Not disclosed in DRHP. Common for SME IPOs. Updates post-allotment.
Key Performance Indicators (KPIs)
| KPI | Pre-IPO | Post-IPO | Industry Avg |
|---|---|---|---|
| ROE (%) | 75.70% | 54.91% | 18–22% |
| ROCE (%) | 48.96% | 35.20%* | 15–20% |
| PAT Margin (%) | 20.32% | 17.10%* | 8–12% |
| Debt/Equity | 1.78 | 1.25* | 1.5–2.0 |
| EPS (₹) | 9.49 | 7.00 | – |
| P/E (x) | 12.64 | 17.14 | 25–30 |
Post-IPO estimates based on diluted equity. Industry: FMCG ingredients.
IPO Risk Factors
1. Business & Operational:
- Dependence on agri-commodities (price volatility).
- Customer concentration: Top 5 clients = 65% revenue.
- Limited in-house R&D capability.
2. Regulatory:
- FSSAI compliance risks.
- Export dependency (USD 12.7 Cr revenue) → forex/geopolitical risks.
3. Financial:
- Working capital-intensive operations.
- Post-IPO debt still at ₹18 Cr.
Company Contact Details
Sawaliya Foods Products Ltd.
Survey No. 9/2/1/2, Gavla, Tehsil Pithampur
Dhar, Madhya Pradesh – 454775
Phone: +91 877 032 6514
Email: info@sawaliyafood.com
Website: https://sawaliyafood.com
IPO Registrar Details
Skyline Financial Services Private Ltd
Phone: 022-28511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com
IPO Recommendation: Subscribe for Long Term
Pros ✅
- Explosive revenue/PAT growth (45%/123% YoY).
- Niche market leadership in dehydrated veggies.
- Attractive valuations at P/E 17.14 vs industry 25.
- Solar project to reduce operational costs by 15%.
Cons ⚠️
- Post-IPO promoter holding diluted to 67.78%.
- Limited scale vs competitors (e.g., Everest Foods).
Verdict: Subscribe for medium-to-long term. High-growth financials and export potential offset risks. Short-term traders can target 15–20% listing gains (GMP-indicated).
Allotment & Refunds: Key Steps
- Check Allotment Status (Aug 12):
- Visit Skyline RTA → IPO Status → Enter PAN/application number.
- Refund Timeline:
- Aug 13: Initiation for non-allotted applicants.
- UPI/ASBA: 24–48 hours; Cheques: 5–7 days.
- Post-Allotment Actions:
- Hold: If long-term conviction in growth.
- Sell on Listing: If targeting quick gains (watch GMP trends).
RHP/DRHP: Critical Documents
- Download DRHP: Sawaliya Foods Products IPO DRHP
- Download RHP: Sawaliya Foods Products IPO RHP
Contains final offer details. Key sections:- Financials (Pg 78–105)
- Risk Factors (Pg 32–48)
- Object of Issue (Pg 21)
Always review RHP before investing.
IPO Review: Balanced Perspective
Growth Catalysts:
- Global dehydrated foods market CAGR: 6.8% (2025–2030).
- Govt’s PLI scheme for food processing.
- Solar plant to cut power costs by 30%.
Challenges:
- Rising competition from organized players.
- Margin pressure due to RM inflation.
FAQs: Sawaliya Foods Products IPO
1. What is Sawaliya Foods’ main business?
Manufacturing dehydrated vegetables for FMCG brands and exports.
2. IPO open/close dates?
August 7–11, 2025.
3. How to apply via Zerodha?
Login → Console → IPO → Select Sawaliya Foods → Bid via UPI.
4. Lot size and min investment?
1 lot = 1,200 shares (₹136,800–144,000).
5. Expected listing date?
August 14, 2025 (NSE SME).
6. GMP meaning and current value?
Grey Market Premium = ₹22–25 (as of Aug 7, 2025).
7. How to check allotment?
Via registrar Skyline Financial’s website.
8. Key risks?
Commodity price volatility, customer concentration.
9. Post-IPO promoter holding?
67.78% (down from 96%).
10. Debt repayment from IPO proceeds?
₹4.61 Cr allocated for debt reduction.
