New Delhi, Aug. 7 -- The initial public offering (IPO) of Sawaliya Foods Products, a manufacturer and processor of dehydrated vegetables, kicked off for subscription on Thursday, August 7. The SME IPO will remain open for bidding till Monday, August 11.

Sawaliya Foods Products IPO, worth Rs.35 crore, is a mix of fresh issue of Rs.31 crore and an offer for sale of Rs.4 crore. The price band for the IPO has been set at Rs.114 to Rs.120 per share.

Investors can apply for Sawaliya Foods Products IPO in lots of 1200 shares. Retail investors need to apply for a minimum of two lots, requiring an investment of Rs.2,73,600.

The company plans to use the funds raised from the fresh share sale for the purchase of new machinery/upgradation of exist...