Popular Analysis

What is the latest news of Sawaliya Foods Products IPO?

The company will enter the market on 4 August 2025.

About Sawaliya Food Products

Incorporated in July 2014, Sawaliya Food Products Limited is engaged in the manufacturing and processing of dehydrated vegetables, catering primarily to the branded packaged food industry and global importers. With a strong focus on dehydrated carrots, cabbage, and string beans, the company’s products find extensive application in FMCG staples like cup noodles, ready-to-eat noodles, pasta, and soups.

Operating from Dhar, Madhya Pradesh, its two manufacturing units have a combined capacity of about 1,500 MT of dehydrated products. Sawaliya not only serves the domestic market but also exports to key regions, including the United States. The company follows a zero-wastage policy, monetizing unused raw materials such as carrots and supplying sub-standard output to the pet food industry. As of June 30, 2025, it employed 25 personnel across various functions.

Sawaliya Foods Products IPO Details

Sector: Seafood Exports

IPO opens on  7 August 2025
IPO closes on  11 August 2025
Issue Type Book Built Issue IPO
Issue Size 2902,800 Shares /
Rs 34.83 Crore
* Fresh Issue
* Offer for Sale –
Market Maker Portion 146,400 Shares
Net offer to Public 24,56,400 Shares
Rs. 29.48 Crores
Face Value per share Rs. 10
Price Band Rs. 114-120
Employee discount  Rs. 0 per share
Retail Lot Size  1200 Shares
Listing will at  NSE SME

How shares are being offered

 
 

How shares can be applied?

Application

Lots Shares Amount
Rs.
Retail Min 2 2,400 2,88,000
Retail (Max) 2 2,400 2,88,000
S-HNI (Min) 3 3,600 4,32,000
S-HNI (Max) 6 7,200 8,64,000
B-HNI (Min) 7 8,400 10,08,000

 

Who are the Promoters of Sawaliya Foods Products IPO?

The Promoters of the Company are Raghav Somani and Priya Somani.
The promoters hold 96.00% of the pre-IPO capital

What are the Objects of Sawaliya Foods Products IPO?

The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects
+Funding capital expenditure requirements towards (i) purchase of new machinery and upgradation of existing machinery installed; and (ii) setting up of on-grid rooftop solar PV system of a capacity of 149.04KWp at the existing manufacturing unit Rs. 7.49 Crore
+Funding of working capital requirements Rs. 10 Crore
+Repayment and/or pre-payment, in part or full, of certain borrowings availed by the Company Rs. 4.61 Crore
+General Corporate Purposes

Sawaliya Foods Products IPO Timetable

Tentative timetable

IPO opens on 7 August 2025
IPO Closes on 11 August 2025
IPO Allotment on  12 August 2025
Refund Initiation  13 August 2025
Credit of Shares 13 August 2025
Listing on 14 August 2025
Registered Office of the Company
Sawaliya Foods Products Ltd.
Survey No. 9/2/1/2
Gavla
Tehsil Pithampur,
Dhar, Madhya Pradesh, 454775
Lead Managers of this IPO
Unistone Capital Pvt ltd
Who is the Registrar to the IPO?
Skyline Financial Services Pvt  ltd

Sawaliya Foods Products Financials Snapshot

Period Ended 31-Mar-25 31-Mar-24 31-Mar-23
Assets 46.26 25.4 20.04
Revenue 34.34 23.67 15.3
Profit After Tax 6.95 3.12 0.59
EBITDA 12.22 6.12 1.69
Net Worth 12.65 5.7 2.58
Reserves and Surplus 5.33 5.58 2.46
Total Borrowing 22.49 12.93 13.36
Amount in Rs. Crore

 

Performance Indicators

KPI Values
ROE 75.70%
ROCE 48.96%
Debt/Equity 1.78
RoNW 54.91%
PAT Margin 20.32%
EBITDA Margin 35.74%
Price to Book Value 6.94
EPS 7
PE Ratio 17.14

 

 

 

 

How Sawaliya Foods Products IPO compares with the Peers?

There is no listed company having similar nature of business

 

 

 


 

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Chanakya’s IPO Review – Sawaliya Foods Products by Paresh Gordhandas, CA & Research Analyst
Business Overview
Incorporated in July 2014, Sawaliya Food Products Limited is a manufacturer and processor of dehydrated vegetables, with a strong presence in the branded packaged food industry and global exports. Its key products — dehydrated carrots, cabbage, and string beans — are widely used in cup noodles, ready-to-eat noodles, pasta, and soups. The company operates from Dhar, Madhya Pradesh, with a total capacity of 1,500 MT per year across two facilities. Export markets, including the United States, form a meaningful part of its revenue mix. A zero-wastage policy further enhances cost efficiency, with even sub-standard produce monetized via the pet food industry.

Financial Performance

  • Revenue Growth: Sawaliya reported a sharp rise in revenue from Rs.15.30 crore in FY23 to Rs34.34 crore in FY25, reflecting CAGR of ~49%.

  • Profitability: Profit After Tax surged nearly 12x in 2 years, from Rs0.59 crore in FY23 to Rs6.95 crore in FY25.

  • EBITDA Margin: Expanded impressively to 35.6% in FY25 from 11.0% in FY23, highlighting operational efficiency.

  • Net Worth: More than doubled in FY25 to Rs12.65 crore, improving balance sheet strength.

  • Leverage: Total borrowings stood at Rs22.49 crore (FY25), indicating reliance on debt for expansion; however, rising profits provide comfort.

Valuation Perspective
Considering FY25 earnings (PAT ₹6.95 crore) and the IPO price band of Rs114-Rs120 per share, the IPO seems reasonably priced compared to other SME peers, especially given the sharp improvement in profitability and healthy export footprint. Still, high leverage is a key risk investors must monitor.

Chanakya View
With strong revenue visibility, expanding margins, and a zero-wastage model, Sawaliya Food Products IPO appears attractive for investors with medium- to long-term horizons, though leveraged balance sheet demands caution. Short-term listing gains cannot be ruled out, given sector tailwinds and improved financial performance.

Chanakya Subscription Guidance – Sawaliya Food Products IPO

Investor Category Guidance
Retail Investors Suitable for investors with medium- to long-term horizon. Strong growth and profit jump, but note higher borrowings.
HNI / NII Investors Can consider larger application given strong fundamentals and export footprint.
Risk Appetite Moderate – Attractive margins and growth, but debt levels require monitoring.
Listing Gains Possibility of moderate gains given strong demand in FMCG-related IPOs.

 

 

Quicklinks


Sawaliya Foods Products IPO GMP

Sawaliya Foods Products IPO review

Q1. What does Sawaliya Food Products do?

Sawaliya Food Products Limited manufactures and processes dehydrated vegetables such as carrots, cabbage, and string beans. Its products are mainly used in cup noodles, ready-to-eat noodles, pasta, and soups, and are also exported to markets like the United States.

Q2. When does the Sawaliya Food Products IPO open and close?

The IPO opens for subscription on August 7, 2025, and closes on August 11, 2025.

Q3. What is the price band and lot size of Sawaliya Food Products IPO?

The price band of the IPO is fixed at Rs.114 to Rs.120 per share. The lot size is 1,200 shares.

Q4. How much is the minimum investment required in the Sawaliya Food Products IPO?

Q5. When is the tentative listing date of Sawaliya Food Products IPO?

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