Swaraj Suiting Limited IPO Detail
Incorporated in 2003, Swaraj Suiting Limited manufactures, produces, and supplies textile products. The firm mainly operates in three key business verticals; Manufacturing of Grey Fabric, Weaving on Job Work basis, and Trading of Finished Fabric, Grey Fabric, and Yarn.
Initially, the company was engaged in the manufacturing of cotton/synthetic fabrics but later shifted to trading in the synthetic fabric in 2009 by selling off its Sulzer weaving looms to an associate concern, Swaraj Sulz Private Limited. The business re-entered into manufacturing Cotton and Synthetic fabric in 2011 and started commercial operations in January 2013.
Its manufacturing facility is situated at Bhilwara, Rajasthan, having a total production capacity of approx. 1.50 million meters of fabric per month. It is also in the process of setting up a denim processing plant at Neemuch, Madhya Pradesh (MP).
Competitive strengths:
- Strong Promoters, Experienced management team, and Well-defined organizational structure
- Strong supplier base for sourcing of raw materials/ products
- Smooth flow of operations
- Quality Assurance and Standards
- Customer-Centric services and scalable business model
Company Promoters
Mr. Mohammed Sabir Khan, Mrs. Samar Khan, and Mr. Nasir Khan are the company promoters.IPO Details
| IPO Opening Date | Mar 15, 2022 |
| IPO Closing Date | Mar 17, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹56 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹10.68 Cr |
| Fresh Issue | ₹10.68 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 1.86x | 0.93x | 1.39x | |
| Day 2 | - | - | 2.36x | 3.59x | 2.97x | |
| Day 3 | - | - | 13.81x | 10.46x | 12.13x |
IPO Tentative Timetable
The Swaraj Suiting Limited IPO open date is Mar 15, 2022, and the close date is Mar 17, 2022. The issue may list on Mar 28, 2022.
| IPO Open Date | Mar 15, 2022 |
| IPO Close Date | Mar 17, 2022 |
| Basis of Allotment Date | Mar 23, 2022 |
| Initiation of Refunds | Mar 24, 2022 |
| Credit of Shares to Demat Account | Mar 25, 2022 |
| IPO Listing Date | Mar 28, 2022 |
IPO Lot Size
The Swaraj Suiting Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹112000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹112000 |
| Maximum | 1 | 2000 | ₹112000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.74% |
| Post Issue Share Holding | 73.31% |
Company Financials:
For the year/period ended (₹ in Millions)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Sep-21 | 916.23 | 817.19 | 19.10 |
| 31-Mar-21 | 917.17 | 602.16 | 26.75 |
| 31-Mar-20 | 970.45 | 806.53 | 35.43 |
| 31-Mar-19 | 937.34 | 764.17 | 21.86 |
Objects of the Issue:
The IPO aims to utilize the net proceeds towards the following purposes
- To meet the working capital requirements for the new expansion of production capacity at Neemuch, Madhya Pradesh.
- Meet issue related expense.
- General Corporate Purpose.
Swaraj Suiting Limited IPO Registrar:
Bigshare Services Pvt Ltd
Swaraj Suiting Limited IPO Lead Manager(s):
Finshore Management Services Limited
Company Contact Information:
Swaraj Suiting Limited
Swaraj Suiting Limited F-483 To F-487 RIICO Growth Centre Hamirgarh, 311025
Bhilwara
Rajasthan
