Sawaliya Foods Products IPO listing: Shares of Sawaliya Foods Products listed at a massive 90% premium over the initial public offering (IPO) price on Thursday, August 14. Sawaliya Foods Products share price opened on the NSE SME platform at ₹228, up ₹108, as against the issue price of ₹120.
However, minutes after listing, Sawaliya Foods Products shares witnessed some profit taking and the scrip declined to the 5% lower price band of ₹216.60.
Sawaliya Foods Products IPO listing price was significantly higher than the grey market premium (GMP) trends. Ahead of the stock market debut, Sawaliya Foods Products IPO GMP was ₹30, signalling only a 25% listing pop.
Sawaliya Foods Products IPO Details
Sawaliya Foods Products IPO received decent demand from investors, with the issue ending the subscription period with 13.32 times bids. The retail investor portion was booked 8.92 times, the non-institutional investor (NII) quota was subscribed 20.11 times, and the qualified institutional buyer (QIB) segment received 15.83 times bids.
Sawaliya Foods Products IPO was a combination of fresh share sale of ₹31.23 crore and an offer for sale (OFS) of ₹3.60 crore, amounting to a cumulative ₹34.83 crore.
Sawaliya Foods Products IPO was priced at ₹120 per share, The issue was open for subscription on the NSE SME platform between August 7 and August 11.
