Madhya Pradesh-based dehydrated fruits and vegetables manufacturer Sawaliya Food Products is set to launch its Initial Public Offering on August 7. The fundraising size is expected to be around Rs 35 crore.
Fresh Issue
The IPO is a combination of fresh issue of 26.03 lakh shares, and an offer-for-sale of 3 lakh shares by promoters Raghav Somani and his wife Priya Somani.
When Will The Public Issue Close?
According to MoneyControl, the public issue will close on August 11. The company will finalise the IPO share allotment by August 12. And its shares will be available for trading on the NSE Emerge, effective August 14.
About Sawaliya Food Products
Incorporated in 2014, Sawaliya Food Products, with a facility of 1,500 MT production capacity for all dehydrated products in Madhya Pradesh, offers dehydrated vegetables to the packaged food industry. It contributed 66 per cent to its revenue in FY25. Its dehydrated vegetables are used as raw materials in the fast-moving consumer goods industry for several products, cup noodles, ready-to-eat noodles, pasta, and soup.
The company also exports its finished products to various intermediaries in the United States of America.
