Swaraj Suiting Limited IPO (Swaraj Suiting 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.

Company Financials:

ParticularsFor the year/period ended (Rs in million)
Total Assets916.23917.17970.45937.34
Total Revenue817.19602.16806.53764.17
Profit After Tax19.1026.7535.4321.86

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 IPO Details

IPO Opening DateMar 15, 2022
IPO Closing DateMar 17, 2022
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹56 per equity share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtNSE SME
Issue Size1,908,000 Eq Shares of ₹10
(aggregating up to ₹10.68 Cr)
Fresh Issue1,908,000 Eq Shares of ₹10
(aggregating up to ₹10.68 Cr)
Retail Shares Offered50%
NII (HNI) Shares Offered50%

Swaraj Suiting IPO Tentative Timetable

The Swaraj Suiting 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 DateMar 15, 2022
IPO Close DateMar 17, 2022
Basis of Allotment DateMar 23, 2022
Initiation of RefundsMar 24, 2022
Credit of Shares to Demat AccountMar 25, 2022
IPO Listing DateMar 28, 2022

Swaraj Suiting IPO Lot Size

The Swaraj Suiting IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹112,000).

ApplicationLotsSharesAmount (Cut-off)

Swaraj Suiting IPO Promoter Holding

Pre Issue Share Holding99.74%
Post Issue Share Holding73.31%

3rd Party IPO Application

SBI Bank, Axis Bank, Bank of Baroda (BoB), RBL Bank and IndusInd Bank.

Swaraj Suiting IPO Review

The issue is lucratively priced based on its financial and BV parameters. The textile segment has off late witnessed fancy from investors. This reasonably priced company from the textile segment may be considered for medium to long term rewards

Swaraj Suiting IPO Subscription Status (Bidding Detail)

The Swaraj Suiting IPO is subscribed 0.12 times on Mar 15, 2022 11:18:00 AM. The public issue subscribed 0.23 times in the retail category, times in the QIB category, and 0.00 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Company Contact Information

Swaraj Suiting Limited
F-483 To F-487
RIICO Growth Centre Hamirgarh, 311025
Phone: 9660630663
Email: cs@swarajsuiting.com

Swaraj Suiting IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com

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