Sawaliya Food Products IPO

About Sawaliya Food Products IPO

Sawaliya Food Products Limited IPO is an IPO of up to 29,02,800 equity shares of face value of ₹10 each. It consists of an offer for sale of up to 3,00,000 equity shares of face value of ₹10 each and a fresh issue of up to 26,02,800 equity shares of face value of ₹10 each. The lot size and the price range is still 1200 shares and the price range is ₹114 to ₹120.

The listing of the shares will take place on Aug 14, 2025. The shares will be allotted on aug 12, 2025. The credit of shares to the demat account will take place on Aug 13, 2025 and the initiation of refunds will take place on Aug 13, 2025.

Objective of Sawaliya Food Products IPO

• Funding capital expenditure requirements towards (i) the purchase of new machinery and upgradation of existing machinery installed; and (ii) the setting up of an on-grid rooftop solar PV system with a capacity of 149.04 KWp at their existing manufacturing unit.
  
• Funding of working capital requirements.
  
• Repayment and/or prepayment, in part or full, of certain borrowings availed by the company.
  
• General corporate purposes.
  

Industry Outlook

India is one of the most populated countries in the world and is expected to continue having one of the youngest populations in the world until 2030. India's food processing sector's market size is estimated to more than double to ₹60,40,300 crores in 2030 from ₹26,49,103 crores in 2023, driven by growing demand for processed products, according to industry body PHDCCI. This growth will be backed by rising population, changing lifestyles and food habits due to increasing disposable income and urbanisation. Growth in India is projected to remain strong at 6.3% in 2024. In 2023, India imported US$2,100 crores of processed foods and related products from all sources, while exports totalled US$1,700 crores. In the last eight years ending 2022-23, the food processing sector has been growing at an Average Annual Growth Rate (AAGR) of around 5.35%.

Initiatives like planned infrastructure spending of around US$1 trillion and ₹25,00,000 crores to boost the rural economy have put the food processing sector on a high-growth trajectory.

The food and grocery market in India is the sixth-largest in the world. The food processing industry contributes 32% to this food market and is also one of the largest industries in the country, contributing 13% to total exports and 6% of industrial investment.

The food processing sector is expected to reach ₹60,40,300 crores by 2030. The market size will further increase to ₹94,91,900 crores by 2035, ₹1,29,43,500 crores by 2040, ₹1,63,95,100 crores in 2045 and ₹1,85,52,350 crores by 2047, according to a report by PHDCCI.

Company Information

Founded in 2014, Sawaliya Food Products Limited is a manufacturer and processor of dehydrated vegetables, serving leading institutional manufacturers engaged in branded packaged food industries, traders, and international importers of dehydrated products. Their products find wide application as raw materials in the fast-moving consumer goods (FMCG) industry, for products such as cup noodles, ready-to-eat noodles, pasta, soup, etc. Their main products include dehydrated carrot, dehydrated cabbage, and dehydrated ring beans/beans. Over the years, they have crafted a sustainable as well as an integrated business model wherein they source their raw materials directly from farmers to ensure that they use absolutely natural ingredients in their products. Since the farmers are located in close proximity to their manufacturing unit, they have an advantage of procuring desired quantity of raw materials, mainly being carrots, at cost-competitive prices and low logistical costs.

Strengths of Sawaliya Food Products IPO

• Flexible and diversified product portfolio.
• Sustainable business operations.
• Quality assurance and quality control of their products.
• Strategically located manufacturing facility with modern infrastructure and integrated manufacturing facilities with a core focus on quality.
• Well-experienced management team with proven project management and implementation skills.

Risks of Sawaliya Food Products IPO

• Any loss of, or significant reduction in, repeat orders.
• Seasonal variations that could result in fluctuations in their results of operations.
• Improper handling, processing or storage of raw materials or products, or spoilage of and damage to such raw materials and products, or any real or perceived contamination in their products.
• Any downturn in the FMCG industry or an inability to increase or effectively manage their sales.
• Any adverse developments affecting their operations in Karnataka, Maharashtra and Madhya Pradesh, where they generate their major portion of sales.

Source: All the financial information for listed industry peers mentioned above is on Consolidated basis as available sourced from the financial Reports of the peer company uploaded on the BSE website for the year ended March 31, 2025.

Notes:

1. P/E Ratio has been computed based on the closing market price of equity shares on the BSE website on July 21, 2025, divided by the Diluted EPS.
   
2. Return on Net-worth has been computed as the Net Profit after tax, as restated divided by Net-worth, as restated (Net worth include share capital and reserves and surplus) 114
   
3. NAV is computed as the closing net worth divided by the weighted average number of equity shares outstanding·
   

Anchor Investor Bidding Date: 06 August 2025

*The Company in consultation with the Book Running Lead Manager, considers participation by Anchor Investors in accordance with the SEBI ICDR Regulations. The Anchor Investor Bid/ Offer Period shall be one Working Day prior to the Bid/Offer Opening Date.

IPO Registrar and Book Running Lead Managers

Book running lead managers:

Unistone Capital Private Limited

Registrar for the IPO is Skyline Financial Services Private Limited

Business Model

The company earns its revenue through the following source:

Manufacturing and processing of dehydrated vegetables, and serving leading institutional manufacturers engaged in branded packaged food industries, traders, and international importers of dehydrated products.

Company Growth Trajectory

Their revenues from operations grew over the years as seen for the fiscals 2024, 2023, and 2022 were ₹23.40 crores, ₹15.09 crores, and ₹13.56 crores, respectively. Their EBITDA for the three-month period that ended on June 30, 2024, and the fiscals 2024, 2023, and 2022 were ₹2.60 crores, ₹5.98 crores, ₹1.61 crores, and ₹1.41 crores, respectively. Their profit after tax for the fiscals 2024, 2023, and 2022 were ₹3.29 crores, ₹0.59 crores, and ₹0.73 crores, respectively, reflecting growth for the company. The number of customers associated with the Company also increased to 84 in 2024 from 11 in 2022.

Company Market Position

The company generates major sales from their customers situated in select geographical regions, namely Karnataka, Maharashtra, and Madhya Pradesh.

In fiscal 2025, the number of customers associated with the company increased to 91 resulting in revenue from operations of ₹34.18 crores.

As of 31st March, 2025, the company’s Total Income, profit After Tax and EBITDA stood at ₹ 34.33 crores, ₹6.9457 crores, and ₹12.2182 crores, respectively.

How To Check Allotment Status of Sawaliya Food Products IPO?

You can check the allotment status of shares either on the website of the National Stock Exchange (NSE) or on the website of the registrar Skyline Financial Services Private Limited. To check the status on the NSE website:

• Visit the NSE website
• Click on “Investor Services” and choose “Application Status Check”
• Choose the issue type — Equity or Debt (Equity in this case)
• Select the Issue Name from the drop-down. The issue name is the company’s name, which is Sawaliya Food Products Limited
• Enter your application number or PAN number
• Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status

Follow these steps to know the allotment status on the registrar’s website:

• Visit the Skyline Financial Services Private Limited website
• Choose “Public Issues” from the “Investor Services” drop-down
• Select Sawaliya Food Products Limited from the drop-down
• Enter your PAN number or Application number
• Click on “Submit” to know the allotment status

How To Apply for Sawaliya Food Products IPO

• Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.