The public issue, which opened on August 7 and closed on August 11, 2025, was subscribed 13.32 times overall, with the non-institutional investor (NII) category leading at 20.11 times, followed by qualified institutional buyers (QIB) at 15.83 times and retail investors at 8.92 times.
Priced at Rs 120 per share, the IPO comprised a fresh issue of 26 lakh shares worth Rs 31.23 crore and an offer for sale of 3 lakh shares worth Rs 3.60 crore.
Sawaliya Food Products is engaged in manufacturing and processing dehydrated vegetables, catering largely to the packaged food industry and international buyers.
Its products, including dehydrated carrots, cabbage, and string beans, are used in cup noodles, ready-to-eat meals, pasta, and soups.
The IPO proceeds will be used to purchase and upgrade machinery, install an on-grid rooftop solar PV system, meet working capital needs, repay certain borrowings, and for general corporate purposes.