Sawaliya Food Products Limited IPO
Incorporated in 2014, Sawaliya Food Products Limited is engaged in the manufacturing and processing of dehydrated vegetables, catering primarily to institutional manufacturers in the branded packaged food segment, traders, and international importers. The company’s core product offerings—dehydrated carrots, cabbage, and beans—serve as critical ingredients in FMCG products such as ready-to-eat noodles, soups, and pastas.
Business Model and Product Application
Company operates on a B2B model supplying dehydrated vegetables to leading FMCG brands, domestic and international traders, and global intermediaries—particularly in the USA and Asia; sub-standard products are exported for pet food manufacturing.
Institutional sales accounted for 66.15% of FY25 revenue; the company follows a zero-waste policy by monetizing under-utilized raw materials through strategic price arbitrage.
Cost-Efficient Sourcing Model
Company Sources vegetables directly from farmers in Madhya Pradesh and Amritsar, ensuring natural, organic raw materials. This farm-to-factory integration enables Cost efficiency due to low logistics and procurement costs, Stable raw material supply and Competitive pricing in the market
Product Portfolio and Diversification
The company’s flagship products include dehydrated carrots, cabbage, and beans, with the capability to customize processing as per client needs. It is actively expanding its portfolio with new products like dehydrated pumpkin and beetroot, showcasing strong agility to scale product lines quickly in response to market demand.
Customer Base
i) Domestic institutional manufacturers: Supplying to reputed FMCG firms headquartered in West Bengal and other parts of India.
ii) Local and international traders: Indian traders are mostly based in Madhya Pradesh; foreign traders are based in the USA.
iii) Direct international sales: Intermediaries in the USA and Asia, enabling global presence and reducing dependency on traders.
Key Strengths
i) Premier client base with repeat orders from FMCG majors.
ii) Flexible product development catering to evolving demand.
iii) Strategic location ensures low procurement and logistics cost.
iv) Sustainable sourcing and manufacturing practices.
v) Efficient supply chain and zero-waste model.
vi) Expansion-ready infrastructure with planned capacity additions.
Objects of the Sawaliya Food Products Limited IPO:
Sawaliya Food Products Limited IPO Details:
Open Date: | Aug 07 2025 |
Close Date: | Aug 11 2025 |
Total Shares: | 29,02,800 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Book Building |
Issue Size: | 34.83 Cr. |
Lot Size: | 1200 Shares |
Issue Price: | ₹ 114-120 Per Equity Share |
Listing At: | NSE Emerge |
Promoters And Management:
Financials of Sawaliya Food Products Limited IPO:
Particulars | FY 2024-25 | FY 2023-2024 | FY 2022-2023 |
Revenue from Operations | 34.18 | 23.39 | 15.08 |
EBITDA | 12.21 | 6.12 | 1.68 |
EBITDA Margins | 35.74% | 26.14% | 11.19% |
PAT | 6.94 | 3.11 | 0.59 |
PAT Margins | 20.32% | 13.33% | 3.94% |
ROCE | 48.96% | 49.24% | 14.40% |
Debt to Equity Ratio(In Times) | 1.78 | 2.27 | 5.17 |
Operating Cash Flows | -4.31 | 0.79 | 0.15 |
Comparison With Peers:
Companies | Revenue (in cr) | EBITDA Margins | PAT Margins | ROCE | D/E Ratio | MCap (in cr) | P/E |
Sawaliya Food Products | 34.18 | 35.74% | 20.32% | 48.96% | 1.78 | 119.01 | 17.15 |
Prime Fresh Limited | 196 | 6.07% | 4.53% | 18.70% | 0.06 | 222 | 25.1 |
Lead Manager of Sawaliya Food Products Limited IPO:
Registrar of Sawaliya Food Products Limited IPO:
Discussion on Sawaliya Food Products Limited IPO:
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