
Sawaliya Foods Products IPO listing today. Here's what GMP suggests
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
Sawaliya Foods Products will list on the NSE SME platform today following its Rs 35 crore IPO.The public issue, which opened on August 7 and closed on August 11, 2025, was subscribed 13.32 times overall, with the non-institutional investor (NII) category leading at 20.11 times, followed by qualified institutional buyers (QIB) at 15.83 times and retail investors at 8.92 times.Priced at Rs 120 per share, the IPO comprised a fresh issue of 26 lakh shares worth Rs 31.23 crore and an offer for sale of 3 lakh shares worth Rs 3.60 crore.In the grey market, Sawaliya Foods Products' shares are trading at a premium of about 5% over the issue price. The subscription numbers and active grey market activity indicate investor optimism , though analysts caution that listing-day performance will also depend on broader market trends.Sawaliya Foods Products is engaged in manufacturing and processing dehydrated vegetables, catering largely to the packaged food industry and international buyers.Its products, including dehydrated carrots, cabbage, and string beans, are used in cup noodles, ready-to-eat meals, pasta, and soups.The IPO proceeds will be used to purchase and upgrade machinery, install an on-grid rooftop solar PV system, meet working capital needs, repay certain borrowings, and for general corporate purposes.With robust investor demand, a niche product line in the growing FMCG supply chain , and healthy GMP trends, the market will be watching closely to see if Sawaliya Foods can deliver a strong listing pop.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


News18
42 minutes ago
- News18
Goas daily wage workers hail govts pay hike, social security benefits
Panaji, Aug 16 (PTI) Daily wage workers across municipalities and government bodies in Goa, who have long awaited recognition and fair pay, will see a significant hike in their salaries and social security benefits starting this month. For years, daily wage workers across municipalities, corporations and government bodies have carried out some of the state's most essential services — from cleaning streets to maintaining civic infrastructure — often with little pay and few benefits. Under a new government scheme, workers who have completed seven years in service are now set to receive not just a substantial salary hike but also recognition and security. Chief Minister Pramod Sawant last month announced that nearly 3,000 daily wage workers employed with government departments, corporations, autonomous bodies and local bodies will see their monthly earnings rise by up to 51 per cent. Effective from August 1, the scheme also entitles eligible workers to the Employee Provident Fund (EPF), paid leaves, maternity benefits, annual increments, and access to central social security schemes. Earlier, a daily wage labourer earned around Rs 12,818 per month. With the implementation of the new scheme, he will earn Rs 20,000 per month along with EPF contribution, Sawant had said, adding that the measure will cost the state exchequer around Rs 4 crore annually. The decision has brought a wave of relief and hope for workers. 'I have been working in the Corporation of the City of Panaji (CCP) for many years. We work together as a team with other labourers. I thank our government and my superiors for this," said Yeshwant Bhatkule, who has been working with the civic body for more than eight years. Bhatkule is among hundreds of CCP workers to benefit from this scheme. Sunita Kamble, who has put in seven years of service, expressed gratitude. 'The government has increased the salary, and we feel good. I thank the government for this," she said. Now, with the labourers getting paid well, garbage collection supervisors say their task has become a little easier. 'The government has increased the salary of our workers. They are happy and satisfied, and are working with vigour. We hope the government works towards their welfare every year," said Mahendra, a CCP supervisor. Officials believe the measure brings daily wagers a step closer to regular government employees in terms of dignity and entitlements. 'The entitlements include salary, which is now on par with regular workers and has almost doubled from what they used to get, bringing it close to Rs 28,000," said Brijesh Manerkar, director of the State Municipal Administration. He said that the workers are also entitled to leave benefits, and women employees can avail maternity leave. PTI RPS ARU view comments First Published: August 16, 2025, 10:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.


Time of India
an hour ago
- Time of India
India is ahead in clean energy commitments, achieves 2030 goal five years early
New Delhi: In what could be considered as a landmark moment for India's clean energy journey, Prime Minister Narendra Modi, from the ramparts of the Red Fort, on Friday announced that the nation has achieved its 50 per cent clean energy target in 2025 -- a full five years ahead of the 2030 deadline. Marking Independence Day celebrations, the Prime Minister announced and hailed the achievement as a pivotal step towards an Atmanirbhar Bharat in the energy sector, underscoring the country's transformation from a fossil-fuel-dependent importer to a global clean energy leader. "When the world today expresses concern over global warming, I wish to tell the world that Bharat has resolved to achieve 50 per cent clean energy by 2030. That was our target for 2030. Look at the capability of my countrymen, look at their determination to fulfil the resolve of making Bharat developed--we achieved the 50 per cent clean energy target in 2025 itself, five years ahead of schedule. This is because we are as sensitive towards the world as we are responsible towards nature," PM Modi said on the occasion of 79th Independence. At COP26 held in 2021, India committed to an ambitious five-part "Panchamrit" pledge. This included reaching 500 GW of non-fossil electricity capacity, generating half of all energy requirements from renewables, and reducing emissions by 1 billion tonnes by 2030. India also aims to reduce the emissions intensity of GDP by 45 per cent and achieve net-zero emissions by 2070. According to the latest government data, India added a record 29.52 gigawatts (GW) of renewable capacity in 2024-25, taking total installed renewable energy (RE) capacity to 234.24 GW (excluding nuclear), up from 198.75 GW last year. Solar energy leads the charge, with installed capacity skyrocketing from just 2.82 GW in 2014 to 116.24 GW today, now accounting for nearly half of India's total RE capacity. Wind power follows at 51.67 GW, while large and small hydro contribute 54.72 GW combined. Biopower has also grown to 11.59 GW over the past decade. India now ranks 4th globally in total RE capacity, 3rd in solar power, and 4th in wind energy, boasting the world's fastest-growing renewable program. The clean energy surge has been powered by a suite of ambitious government reforms and programs. The PM-Surya Ghar: Muft Bijli Yojana, with a Rs 75,021 crore outlay, aims to provide free solar electricity to one crore households. As of August 14, 2025, over 17.24 lakh households have benefitted, with subsidies worth Rs 9,841.77 crore released. The scheme also introduced Model Solar Villages to promote decentralised clean power at the grassroots level. In agriculture, the PM-KUSUM scheme has installed over 8.53 lakh solar pumps, replacing diesel-powered systems and cutting an estimated 6.6 million tonnes of carbon dioxide emissions. Beyond solar, India is expanding in wind, hydro, bioenergy, green hydrogen, and nuclear power. Offshore wind projects, backed by a Rs 7,453 crore viability gap funding scheme, are set to add 1 GW capacity off Gujarat and Tamil Nadu. The National Green Hydrogen Mission, with a Rs 19,744 crore budget, targets 5 million metric tonnes (MMT) annual production by 2030, along with 125 GW of new RE, Rs 8 lakh crore in investments, and 6 lakh jobs. Hydrogen hubs have been identified in Kandla, Paradip, and Tuticorin. In the nuclear sector, operational capacity has grown from 4,780 MW in 2014 to 8,780 MW across 25 reactors, with a remarkable 87 per cent plant load factor in 2024-25. Ten new reactors are already functional, and capacity is set to increase tenfold by 2047. "The result is a virtuous cycle: local manufacturing creates jobs and resilience, competitive tariffs make clean energy affordable, and inclusive programs bring every citizen into the transition. As we look ahead to 2030 and beyond, India is not just meeting global commitments -- it is setting a new template for how a nation can grow, decarbonise, and remain self-reliant. In the journey from energy dependence to energy leadership, the momentum is unmistakable, and the destination is clear: an Atmanirbhar Bharat, powered by its own clean, green energy," the government said today, in a factsheet. With five years gained on its clean energy target, India is now firmly on track to meet, and potentially exceed, its 500 GW non-fossil capacity goal by 2030, positioning itself as a decisive force in the global fight against climate change. (ANI)


New Indian Express
an hour ago
- New Indian Express
Chennai marks 79th independence day with flag hoisting, awards, and infrastructure updates
CHENNAI: Marking the 79th Independence Day, the Greater Chennai Corporation, Southern Railways, and the city's ports held flag-hoisting ceremonies on Friday. GCC Mayor R Priya hoisted the national flag at Ripon Building, and awarded certificates, medals to 171 corporation employees for their exemplary contribution. Letters of Appreciation were given to three companies for the highest property tax payments and to three property owners for timely payments. Southern Railway General Manager RN Singh hoisted the flag at Railway Stadium, Perambur, alongside senior officials, and took salute at an RPF parade featuring women platoons. He said the zonal railway had recorded originating earnings of Rs 12,659 crore, up 4.5% from last year, with the railway registering over 5% growth this fiscal year, up to July. By March 2026, all 593 stations will have CCTV surveillance, and work is under way to increase the train speed to 130 kmph on Jolarpettai-Coimbatore section.