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Swaraj Suiting Limited IPO (Swaraj Suiting IPO) Detail

Mar 15, 2022 - Mar 17, 2022

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 Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in million)
Β  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

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

Swaraj Suiting IPO Date Mar 15, 2022 to Mar 17, 2022
Swaraj Suiting IPO Face Value ₹10 per share
Swaraj Suiting IPO Price ₹56 per share
Swaraj Suiting IPO Lot Size 2000 Shares
Issue Size1,908,000 shares of ₹10
(aggregating up to ₹10.68 Cr)
Fresh Issue1,908,000 shares of ₹10
(aggregating up to ₹10.68 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Retail Shares Offered50%
NII (HNI) Shares Offered50%
Company Promoters

Mr. Mohammed Sabir Khan, Mrs. Samar Khan, and Mr. Nasir Khan are the company promoters.

Swaraj Suiting IPO Timeline (Tentative Timetable)

Swaraj Suiting IPO opens on Mar 15, 2022, and closes on Mar 17, 2022. The Swaraj Suiting IPO bid date is from Mar 15, 2022 10.00 A.M. to Mar 17, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Swaraj Suiting IPO Opening Date Mar 15, 2022
Swaraj Suiting IPO Closing Date Mar 17, 2022
Basis of Allotment Mar 23, 2022
Initiation of Refunds Mar 24, 2022
Credit of Shares to Demat Mar 25, 2022
Swaraj Suiting IPO Listing Date Mar 28, 2022

Swaraj Suiting IPO Lot Size

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

Application Lots Shares Amount
Minimum 1 2000 ₹112,000
Maximum 1 2000 ₹112,000

Swaraj Suiting IPO Promoter Holding

Pre Issue Share Holding 99.74%
Post Issue Share Holding 73.31%

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. Read detail review...


Swaraj Suiting IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
NII13.81
Retail10.46
Total12.13

Swaraj Suiting IPO Prospectus

Swaraj Suiting IPO Rating

187
4.2
Rating:Rated 4.2 stars
Vote Here ...

Swaraj Suiting IPO Listing Date

Listing Date Monday, March 28, 2022
BSE Script Code
NSE Symbol SWARAJ
Listing In ST Group of Securities
ISIN INE0GMR01016
IPO Price ₹56 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹56.00
Open: ₹56.00
Low: ₹53.20
High: ₹56.00
Last Trade: ₹53.20

Company Contact Information

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/

Swaraj Suiting IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Swaraj Suiting IPO Review

Swaraj Suiting IPO Recommendation Summary

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Members 0 0 0

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Swaraj Suiting IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Swaraj Suiting IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Swaraj Suiting IPO will be done on Mar 23, 2022, and the allotted shares will be credited to your demat account by Mar 25, 2022. Check the Swaraj Suiting IPO allotment status.

The Swaraj Suiting IPO listing date is on Monday, March 28, 2022.
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Swaraj Suiting IPO Message Board

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473 Comments

160. Abhii VPG |   Link |Apr 26, 2022 10:10:44 AM
Century textiles results are out
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.
159. Ravu |   Link |Apr 19, 2022 9:57:07 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Good to see some momentum here
159.1. Pigeon |   Link |Apr 19, 2022 10:05:24 AM
Any reason @Ravu Sir?
159.2. Ravu |   Link |Apr 19, 2022 10:15:10 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
@Pigeon , One of their plant was expected start from April , not sure whether that is the reason
158. Mas |   Link |Apr 19, 2022 9:35:45 AM
Crossed 56 today, might crossed 60/-
157. Pigeon |   Link |Apr 19, 2022 9:28:50 AM
Sold my 1 lot @60 today
156. VKMC |   Link |Apr 11, 2022 8:06:50 AM
Circuit limit updated to 20%.
156.21. MRavichandran |   Link |Apr 21, 2022 7:32:05 PM
IPO Guru IPO Guru (1400+ Posts, 1800+ Likes)
@MehulStk,
Possible also.

Thanks
156.22. MRavichandran |   Link |Apr 22, 2022 8:38:20 AM
IPO Guru IPO Guru (1400+ Posts, 1800+ Likes)
@MehulStk,
''Mukul Agarwal' taken 1.5% stake in Raymond at an average price of 910'', - this news could have put some oil to the Swaraj's fire πŸ€”
Lets see in the coming days and the last half yearly results.

Thanks
155. Ravu |   Link |Apr 11, 2022 9:50:06 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
@ experts,
Is there any cut off date to release earnings.

Thanks in Advance
154. lokes |   Link |Apr 5, 2022 2:58:47 PM
IPO Guru IPO Guru (3200+ Posts, 3400+ Likes)
@ipoanalysis: As informed in other forum also, i am informing again.
lets move on......lets not interfere in each other calls from now on....lets not fight more.....it doesn't look good on both of us....i am sorry that i posted about you on swaraj forum after sandeep message , from now on, i will not interfere in your message and i am expecting same from you.
Be happy now....wish you good luck in your future calls and for your profits.
154.5. Team Chittorgarh.com |   Link |Apr 8, 2022 10:24:33 AM
IPO Mentor IPO Mentor (600+ Posts, 1000+ Likes)
@IPO Mitr,
Apologies for disabling your messages and blocking your id for 2nd time. You showed the same behavior in 2018 with IPOANALYSIS. Sorry, we can't accept this behavior.

Thank you,
@Admin, Team Chittorgarh.com

ProStocks - Broker with Unlimited Trades @ Rs 899 Per Month (or Rs 15 per trade) + Zero Account Opening + Rs 0 Equity Delivery Brokerage + AMC Free Demat Open FREE Account

154.6. MRavichandran |   Link |Apr 9, 2022 3:21:42 PM
IPO Guru IPO Guru (1400+ Posts, 1800+ Likes)
Dear @Team Chittorgarh.com and admin,
Congrats for being fair and not tolerating this kind of behavior. Much appreciated πŸ‘Œ
Kindly keep up the same spirit, don't even give 2nd chance in future (including me) if crosses the forum disciplines.

Thanks
153. Mas |   Link |Apr 7, 2022 9:53:54 PM
On reading the messages, I forgot that this is Swaraj Suiting page.
Admin kindly open new page for Swaraj.
152. IPO Mitr |   Link |Apr 7, 2022 12:06:34 AM
Reposting ...as message erroneously appeared in another thread.

As mentioned earlier, Dj Media will reach 50-60 level either before Bonus or after. It is now at 53.1 today. Let us all see where the bottom is.

As touted by many big hands on the forum, did the Bonus finally matter? I don't think so. Bonus also could not lift the stock on the other hand so far it seems that after bonus....stock has resumed further downtrend.

Stock will have many more events coming up and .......holders still have the option to continue touting those events for reversal of fortune of DJ Media stock.

In my view no event will save DJ Media other than excellent business performance reflected in next results...........Happy Investing and avoid following others to earn money in stock market.
152.5. lokes |   Link |Apr 7, 2022 7:24:35 PM
IPO Guru IPO Guru (3200+ Posts, 3400+ Likes)
>>>>we agreed that we will not interfere in each others post...
i don't remember any such thing to you, i informed that to @ipoanalysis .
i thought we can still discuss normally but i was not knowing that you are so much frustrated with me , i already said take my message in positive way but no use.
"before/after bonus 50-60", do you think that line has some logic? my some of my predictions are wrong but most are correct also if you are following.
Anyways am sorry, i thought we can have normal discussions forgetting earlier things same i like i wanted to sort out with @ipoanalysis but seems you are not in that mood. So am sorry again to interfere in your message.
152.6. lokes |   Link |Apr 7, 2022 8:43:54 PM
IPO Guru IPO Guru (3200+ Posts, 3400+ Likes)
Bhai I already said I am not saying anything regarding company or share price, i didn't even applied and I said in dj forum that i am not applying because the way it went up before ipo same way it can come down and same happened so I am not in support of this company from starting itself like you and i didn't commented on others and yours earlier comments for any price targets , but here i was just commenting to correct that one line because you also know how both can be same thing, that was not attacking, and if that was attacking then what was that you replying with three big messages saying so many things about me and blaming again for groupism also and many other things.
And it's not easy to predict about company, applying, subscription, listing, and buy/sell thing but we also face criticism many times like you also posted today , even if we fail sometimes and being correct in most other times but I don't feel so hurt and stop posting etc because of that. Share market is not so easy that we guys can be correct always.
And i am again assuring you i have no issues with you, i replied generally to your comment also in jeena sikho forum like am replying to others, if I had any grudge with you i wouldn't be replying, so don't feel like you are being targeted etc, really nothing like that, please don't think so much, atleast i am not thinking about you the way you assume.
151. Vinny |   Link |Apr 6, 2022 9:58:38 AM
booked profit at 75...not sure if i should have waited for UC...
150. IPOANALYSIS |   Link |Apr 5, 2022 1:48:52 PM
Loke message below to hold maruti at 75 and will hit uc .it's not available at 55. Similar prediction in precision ,swaraj. Better ignore such people as they have habit to let others down when they start suffer loss or cover up their incorrect analysis

lokes
189. lokes | Link | Feb 15, 2022 4:21:55 PM
IPO Guru IPO Guru (2500+ Posts, 2500+ Likes)
In my opinion, it can list around 85-90 as per subscriptions and current market conditions....if listing is around or above 95-100, then i think better to sell and book profit or be vigilant, if its going towards LC after listing, to press sell button soon. if listing around or below 70-75, then better to hold it , it may hit UC then....and if listing in between above prices, then as per risk capacity, it can be decided to hold/sell. Company is good in terms of fundamentals and valuations are also not expensive as per current financials and future growth should also be there. But since some of recent sme's like precision/safa didn't performed well after listing so be vigilant if listing is at higher prices. Many other smes also going down from last 1-2 weeks like ab cotspin/ vivo/ timescan/ nupur etc. so be careful and watchful. I am not allotted here any lot
150.5. lokes |   Link |Apr 5, 2022 7:24:36 PM
IPO Guru IPO Guru (3200+ Posts, 3400+ Likes)
Ok i understand that you pick only some.... that's good....no issues....i am also little selective and not applying everywhere in sme IPOs....And I know brand bucket and many others are bad IPOs and had bad listing as expected....my only point was not to call fool etc..and just post simply to avoid like you are doing now in recent IPOs....
Anyways let's stop arguing....and keep giving our opinions to help each other to decide.... anyone can be wrong in markets i understand....i will also not point anything in future.... let's hope for profits for everyone....and finally you posted above message politely, that's good and I liked that....
150.6. IPOANALYSIS |   Link |Apr 6, 2022 1:55:55 AM
Thanks Lokes. I agree.
149. Ravu |   Link |Apr 5, 2022 9:25:32 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Hoping for few more UC if there is not much selling pressure..
148. Abhii VPG |   Link |Apr 5, 2022 10:52:22 AM
Swaraj (& some other textile players)might show good numbers in upcoming quarters as there is no limit in the number of guests in marriages/ reception now which was earlier there which affected their fy21 numbers.
Neemuch denim plant will commence production soon & will give boost to their top line as well as bottom line.
Hoping descent returns over a period of just 6 months.
One should invest only after understanding the business & potential, & not just for the listing!

Most importantly, Investing with the motive of listing gains and then selling eagerly will restrict you from being an β€˜Investor’. Do think

Happy investing ✌🏻
148.6. Abhii VPG |   Link |Apr 5, 2022 2:42:04 PM
@MuhulSTK @Lokes
Enjoy UC ✌🏻
148.7. lokes |   Link |Apr 5, 2022 3:04:03 PM
IPO Guru IPO Guru (3200+ Posts, 3400+ Likes)
@abhii @mehul: yes swaraj is at UC now, congrats to all of us....and good luck for its future moves.....lets hope it crosses its issue price....sometimes patience is needed for more time to get results like it happened in jainam/bombay metrics/kotyark etc. So for short term movements, either we shouldn't panic and keep holding , or either we can sell simply if can't take much risk/loss.
Now kn agri , shigan, PE analytics also at UC.....good moves....
147. subprasad |   Link |Apr 4, 2022 10:17:09 AM
I have got 1 lot of Swaraj Suiting (my first SME IPO allotment). Should I buy one more lot or book loss? Any suggestion will help.
147.1. Iain |   Link |Apr 4, 2022 4:16:13 PM
I will wait till results to decide for further action.
https://www1.nseindia.com/corporate/SWARAJ_31032022181205_Intimation_TW_Closure_31032022.pdf
146. Yogeshyk |   Link |Apr 1, 2022 9:26:59 AM
@ lokes....how long we have to hold swaraj
146.2. Ravu |   Link |Apr 1, 2022 7:39:49 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
If commencement of new unit go by plan then we can expect a jump. But not sure about the plant progress.


Quote
In view of this, the Company is in the advanced stages of setting up a project in the district of Neemuch, Madhya Pradesh (MP), which is both the backward and forward integration of its existing activity. The commencement of commercial production shall be between March - April 2022. This unit will manufacture premium quality denim fabric and tap new markets

UnQuote
146.3. lokes |   Link |Apr 5, 2022 12:04:22 AM
IPO Guru IPO Guru (3200+ Posts, 3400+ Likes)
@yogesh: its difficult to say when it will perform, no idea why its going down so much. As informed , i have sold one lot at 58 and still holding other lot. I will hold till results at least. I already informed you about this in your last message also here and to other members also
https://www.chittorgarh.com/ipo/ipo_discussions.asp?a=1227&c=500926&ap=0
so whenever something is not performing as expected in sme then better to exit when we cant take much risk else losses may increase like in precision/maruti interior, as in sme's, no one can be sure of future actions. Two times swaraj gave chance to exit near issue price so we need to act as per our own risk capacity, no matter if other person is holding/sold etc.
145. Yogeshyk |   Link |Mar 31, 2022 4:38:45 PM
Ek dum se kn agri me buying aa gyi jhn πŸ’―% selling chl rhi thi or swaraj me buying se selling aa gyi sb operator ki game h .. fundamentals ghnta kaam na krte isme ..worst luck
145.1. IPO Mitr |   Link |Mar 31, 2022 9:21:39 PM
Fundamental always work over longer period of time not at IPO listing. IPO listing always has been operators game depending upon transient supply and demand close to listing. In SME, liquidity is controlled by very few investors, hence these are very easy to manipulate and you only need a collusion of very small group of speculators to rig the stock price in any direction. Best course of action is to if the SME stock is profitable just decide YOUR OWN exit point and exit even if it means exiting at UC. People here on the forum or elsewhere will keep vouching for long term potential of the stock etc etc etc and then the very same people will exit quietly at the back end leaving you floating in space with potentially no buyers for long.

Having said that if you with your own knowledge and experience believe in the longer term potential of the stock, fundamentals will definitely and eventually generate wealth for you. It is your decision whether you wish to PURE SPECULATE, PURE INVEST or a combination of two.
144. Pigeon |   Link |Mar 31, 2022 11:05:30 AM
Will there be any upward movement by any chance?
143. IPO Mitr |   Link |Mar 30, 2022 4:33:54 PM
@lokes

>>yes keep posting, no issues, but, same way you also cant force anyone to >>interact in any way. The way you are giving your opinions to others, same way >>others giving so don't feel offended etc

How GODLY......you will decide if posting by someone is an issue or not. Somehow you give me the feeling that you own CHITTORGARH FORUM. I will for sure ....KEEP POSTING. I have never force anyone to interact in any way. If you attack then you will get attacked.

By the way ......take a note ..that I NEVER post in any thread...initiated by you or your group of people. I post in threads which are not INITIATED by you but if a thread is initiated by someone else then it is not your thread.....and if you happen to post there then I am also free to post there and I will express my opinion in a general way not ATTACKING LIKE YOU USING NAMES/IDS OF PEOPLE. I don't attack people.like you.......I may give a counter opinion. For your benefit.....despite applying in SME and main board IPOs in HNI for long.....I believe that I have never posted in the so called "HNI Thread" created by your group of people. Hope it clarifies.....
143.1. lokes |   Link |Mar 31, 2022 12:57:38 AM
IPO Guru IPO Guru (3200+ Posts, 3400+ Likes)
You must be coming first in essay writing competitions in school :) :)
Same thing you can keep saying in so many different ways and in so many multiple posts too.
143.2. IPO Mitr |   Link |Mar 31, 2022 3:20:46 AM
You must be coming first in playing GOD in Ramlila in your school days because same role you continue to demonstrate in the forum.
142. IPO Mitr |   Link |Mar 31, 2022 3:17:51 AM
Hmmmm...... No one can see visible and continuous attacks on alternative opinions at all because attacking people are so stable, confident and secure. :)

Happy investing to you as well.
141. IPO Mitr |   Link |Mar 30, 2022 1:22:39 PM
What is the problem people have if someone post any comments post closure of issue? Does the company dies after issue is closed or listed.......This platform is not a resource to artificially inflate most of the non-worthy issues for the purpose of satisfying some individual's or some group's speculative bids. The platform is for sharing perspectives and opinions........no one can force anyone else to post and interact in a particular way......

You do your interactions and let others do theirs.....if you don't like someone or their opinion.....please refrain on commenting or responding to their posts......while you are very much free to raise your opinion separately without attacking others,.........
141.9. IPO Mitr |   Link |Mar 30, 2022 8:58:53 PM
Opinions can be always discussed and criticised without any issue. But mocking and attacking the member is not just not fine. Period. If some one believes that others opinion can be mocked as BLAH BLAH and FREE ADVICE and what not....it only indicates their bankruptcy of thought process nothing else. As always, any personal attack will be responded to in kind. In any continuosly rising (bull) market, anyone can make upward predictions as whatever bought was absorbed by market even higher value. Volatile market has brought all self proclaimed GODS of stock market to earth and that is what is getting percolated down in to their interactions....nervousness ...frustration ..insecurity.......

Happy investing. Nothing more to add.
141.10. lokes |   Link |Mar 31, 2022 12:59:39 AM
IPO Guru IPO Guru (3200+ Posts, 3400+ Likes)
Hmm nervousness frustration insecurity can be seen :)
Happy investing to you also.