New Delhi, August 14 (HS): Shares of Sawaliya Food Products Ltd delivered a sizzling stock market debut on Thursday, nearly doubling investors’ money within hours of listing and signalling strong market confidence in the packaged food raw‑material maker’s growth story.

The company, a leading producer of dehydrated fruits and vegetables for the fast‑growing packaged food industry, had priced its IPO at ₹120 per share. Upon listing on the NSE EMERGE platform, the stock opened at ₹228 — a hefty 90% premium.

Within minutes, aggressive buying pushed the scrip to the upper circuit at ₹239.40, locking in 99.5% gains for IPO investors on day one.

An IPO in High Demand

Sawaliya Food’s ₹34.83‑crore IPO, open from August 7 to August 11, was oversubscribed 13 times, reflecting robust investor appetite. The issue comprised 26.03 lakh fresh shares and 3 lakh shares via the offer‑for‑sale route.

Proceeds will fund new machinery purchases, equipment upgrades, on‑grid rooftop solar installations, working capital requirements, debt repayment, and other general corporate purposes.

From Kitchen Staples to Global Markets

Founded in 2014, the company operates a 1,500‑metric‑ton capacity manufacturing facility. In FY 2024‑25, 66% of revenue came from supplying dehydrated vegetables to the packaged food sector, serving as raw materials for instant noodles, pasta, soups, and other FMCG products. Savaliya’s footprint extends beyond India, with a significant export portfolio.

Investor Takeaway

The stellar market debut positions Savaliya Food as a small‑cap IPO success story and underscores the bullish sentiment in niche agri‑processing plays linked to consumer staples and exports.

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Hindusthan Samachar / Jun Sarkar