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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:
IPO Date | Mar 15, 2022 to Mar 17, 2022 |
Listing Date | Mar 28, 2022 |
Face Value | ₹10 per share |
Price | ₹56 per share |
Lot Size | 2000 Shares |
Total Issue Size | 1,908,000 shares (aggregating up to ₹10.68 Cr) |
Fresh Issue | 1,908,000 shares (aggregating up to ₹10.68 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | NSE SME |
Market Maker portion | 96,000 shares |
Anchor Investor Shares Offered | - |
Market Maker Shares Offered | 96,000 (5.03%) |
Other Shares Offered | 904,000 (47.38%) |
Retail Shares Offered | 908,000 (47.59%) |
Total Shares Offered | 1,908,000 (100%) |
Swaraj Suiting IPO opens on Mar 15, 2022, and closes on Mar 17, 2022.
Event | Tentative Date |
---|---|
Opening Date | Tuesday, 15 March 2022 |
Closing Date | Thursday, 17 March 2022 |
Basis of Allotment | Wednesday, 23 March 2022 |
Initiation of Refunds | Thursday, 24 March 2022 |
Credit of Shares to Demat | Friday, 25 March 2022 |
Listing Date | Monday, 28 March 2022 |
Cut-off time for UPI mandate confirmation | 5 PM on Mar 17, 2022 |
The Swaraj Suiting IPO lot size is 2000 shares.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 2000 | ₹112,000 |
Retail (Max) | 1 | 2000 | ₹112,000 |
Lot Size Calculator |
Mr. Mohammed Sabir Khan, Mrs. Samar Khan, and Mr. Nasir Khan are the company promoters.
Pre Issue Share Holding | 99.74% |
Post Issue Share Holding | 73.31% |
Particulars | For the year/period ended (Rs in million) | ||||
---|---|---|---|---|---|
30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
Total Assets | 916.23 | 917.17 | 970.45 | 937.34 | |
Total Revenue | 817.19 | 602.16 | 806.53 | 764.17 | |
Profit After Tax | 19.10 | 26.75 | 35.43 | 21.86 |
KPI | Values |
---|---|
P/E (x) | 10.55 |
Market Cap (₹ Cr.) | 40.32 |
The IPO aims to utilize the net proceeds towards the following purposes
[Dilip Davda] 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. Read detail review...
The Swaraj Suiting IPO is subscribed 12.13 times on Mar 17, 2022 5:00:00 PM. The public issue subscribed 10.46 times in the retail category, times in the QIB category, and 13.81 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
Other | 13.81 |
Retail | 10.46 |
Total | 12.13 |
Listing Date | Mar 28, 2022 |
BSE Script Code | |
NSE Symbol | SWARAJ |
ISIN | INE0GMR01016 |
Final Issue Price | ₹56 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
NSE SME |
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₹56.00 |
₹56.00 |
₹53.20 |
₹56.00 |
₹53.20 |
Swaraj Suiting Limited
F-483 To F-487
RIICO Growth Centre Hamirgarh, 311025
Bhilwara
Phone: 9660630663
Email: cs@swarajsuiting.com
Website: http://www.swarajsuiting.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
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Check our SME IPO Guide
Swaraj Suiting IPO is a SME IPO of 1,908,000 equity shares of the face value of ₹10 aggregating up to ₹10.68 Crores. The issue is priced at ₹56 per share. The minimum order quantity is 2000 Shares.
The IPO opens on Mar 15, 2022, and closes on Mar 17, 2022.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Swaraj Suiting IPO using UPI as a payment gateway. Zerodha customers can apply in Swaraj Suiting IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Swaraj Suiting IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Swaraj Suiting IPO opens on Mar 15, 2022 and closes on Mar 17, 2022.
Swaraj Suiting IPO lot size is 2000 Shares and the minimum order quantity is .
You can apply in Swaraj Suiting IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Swaraj Suiting IPO will be done on Wednesday, 23 March 2022, and the allotted shares will be credited to your demat account by Friday, 25 March 2022. Check the Swaraj Suiting IPO allotment status.
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Revenue growth 44% i.e 1210cr vs 839cr (yoy)
PAT growth 84cr vs -9cr (yoy)
Can expect descent results in this industry due to ease in covid restrictions & gatherings.