Sawaliya Foods Products IPO

Sawaliya Food Products Ltd

₹1,36,800 /1200 sharesMinimum Investment

Sawaliya Foods Products IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹120.00₹228.00₹108.00 (90.00%)

Sawaliya Foods Products IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
7 Aug ‘25 - 11 Aug ‘25₹2,73,6001,200₹114 - ₹120
Issue SizeIPO Doc
34.83Cr
RHP PDF

Subscription rate

As of 11 Aug'25, 05:00 PM
Qualified Institutional Buyers15.82x
Non-Institutional Investor20.72x
Retail Individual Investor8.62x
Total12.29x

About Sawaliya Foods Products

Sawaliya Foods Products, according to the RHP, manufactures and processes dehydrated vegetables. The company supplies its products primarily to institutional manufacturers in the branded packaged food industry, as well as to domestic and international traders and intermediaries. Its core product range includes dehydrated carrots, cabbage, and ring beans, which are widely used as raw materials in fast-moving consumer goods (FMCG) such as cup noodles, ready-to-eat meals, pasta, and soups. The company’s manufacturing operations are carried out at its facility located in Dhar, Madhya Pradesh.;
Founded in
2014
Managing director
Mr. Raghav Somani
Parent organisation
Sawaliya Food Products Ltd

Strengths & Financials of Sawaliya Foods Products

Strengths
Risks
The company claims to have expanded beyond dehydrated carrots to include products like cabbage and French beans.
The company claims to procure organic vegetables directly from farmers in Madhya Pradesh and Amritsar, which helps maintain freshness and cost efficiency.
The company claims to utilise automated heat generation systems to reduce steam emissions and has plans to install solar panels, thereby lowering its reliance on non-renewable energy sources.
The company claims that its manufacturing facility is strategically located near key raw material sources, which helps lower procurement and transportation costs.
The company claims that it manufactures multiple product categories at a single facility, which it says leads to shared overheads and reduces transportation costs.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 15.09 crore in FY23 to Rs 23.40 crore in FY24 and Rs 34.18 crore in FY25. PAT increased from Rs 0.59 crore in FY23 to Rs 3.12 crore in FY24 and Rs 6.94 crore in FY25.
The top 10 customers accounted for Rs 29.70 crore (86.50 percent) of the company’s revenue in FY25, Rs 15.53 crore (65.63 percent) in FY24, and Rs 14.27 crore (93.27 percent) in FY23. Furthermore, the top customer alone accounted for Rs 7.10 crore (20.67 percent) of the company’s revenue in FY25, Rs 5.07 crore (21.44 percent) in FY24, and Rs 3.81 crore (24.91 percent) in FY23. Any failure to retain these key customers, expand the customer base, or a loss of business from these clients could adversely affect the company’s business and financial standing.
A significant portion of the company’s revenue is derived from dehydrated carrot cubes (A grade). It accounted for Rs 10.52 crore (30.79 percent) of the company’s total revenue in FY25, Rs 6.90 crore (29.48 percent) in FY24, and Rs 6.05 crore (40.11 percent) in FY23. Any decline in demand, regulatory changes, or supply disruption related to this product could severely impact revenue and profitability.
The company’s operations are subject to seasonal variations, particularly the availability of fresh vegetables such as carrots, cabbage, and green beans, which are essential for manufacturing its products. Any shortage of these vegetables due to seasonal fluctuations or other factors, such as farmers opting to grow other crops, may disrupt production and adversely impact results.
The top five suppliers accounted for Rs 13.66 crore (62.41 percent) of the company’s total expenses in FY25, Rs 4.08 crore (23.68 percent) in FY24, and Rs 5.83 crore (41.67 percent) in FY23. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
A significant portion of the company’s revenue is derived from Madhya Pradesh. It accounted for Rs 26.22 crore (76.70 percent) of the company’s revenue in FY25, Rs 11.75 crore (50.23 percent) in FY24, and Rs 2.97 crore (19.67 percent) in FY23. This heavy regional dependency increases the company’s exposure to local economic downturns, regulatory changes, or logistics disruptions in these markets.
The company’s net working capital requirements have surged from Rs 7.28 crore in FY23 to Rs 10.79 crore in FY24 and Rs 26.08 crore in FY25. Any continued increase in working capital needs without corresponding revenue growth may strain the company’s liquidity and restrict operational scalability.
The company recorded negative cash flows from operating activities amounting to Rs 4.31 crore in FY25. Additionally, negative cash flow from investing activities amounted to Rs 3.43 crore in FY25 and Rs 5.60 crore in FY23. The company also recorded negative cash flow from financing activities amounting to Rs 1.84 crore in FY24. If cash outflows continue to exceed inflows, the company may face liquidity challenges in the future.
As of June 30, 2025, Sawaliya Foods Products had an outstanding financial indebtedness of Rs 22.08 crore. Any failure to service or repay these loans can hurt the company’s operations and financial position.

Sawaliya Foods Products Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Sawaliya Foods Products IPO

Apply asPrice bandApply Range
Regular114 - 120₹2 - 5 Lakh
High Networth Individual114 - 120₹2 - 5 Lakh
For Sawaliya Foods Products IPO, eligible investors can apply as Regular.