Sawaliya Foods Products Limited is hitting the NSE SME platform with a ₹34.83 Cr IPO. The issue combines fresh issue (₹31.23 Cr) and OFS (₹3.6 Cr), offering 29.03 lakh shares at a price band of ₹114–₹120.
IPO Opens: 7 August 2025
IPO Closes: 11 August 2025
Lot Size: 1,200 shares (Min investment ₹2.73 Lakh for 2 lots)
Listing: 14 August 2025
With jaw-dropping ROE of 75.7% and PAT growth of 123%, the numbers look crunchy—but can these dehydrated veggies stay fresh post-listing?
Introduction
Founded in 2014, Sawaliya Foods specializes in dehydrated vegetables used in cup noodles, ready-to-eat foods, pasta, and soups. Their clientele includes FMCG giants and international importers (US included). The IPO aims to fund capex, solar PV installation, working capital, and debt repayment.
The growth trajectory is mouth-watering, but the sudden jump in profits smells a bit too spicy. So, is this a healthy snack or an over-fried IPO? Let’s dig in.
Business Model (WTF Do They Even Do?)
Sawaliya runs a B2B model supplying:
Dehydrated Vegetables (carrots, cabbage, beans) to FMCG brands.
Exports to USA and other markets.
Zero-wastage policy – sub-standard products sold for pet food.
The company operates from Dhar, MP, with 1500 MT annual capacity and 25 employees.
