New Delhi, Aug. 14 -- 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 Rs.228, up Rs.108, as against the issue price of Rs.120.

However, minutes after listing, Sawaliya Foods Products shares witnessed some profit taking and the scrip declined to the 5% lower price band of Rs.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 Rs.30, signalling only a 25% listing pop.

Sawaliya Foods Products IPO received decent dem...