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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:
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 |
The IPO aims to utilize the net proceeds towards the following purposes
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 Size | 1,908,000 shares of ₹10 (aggregating up to ₹10.68 Cr) |
Fresh Issue | 1,908,000 shares of ₹10 (aggregating up to ₹10.68 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | NSE SME |
Retail Shares Offered | 50% |
NII (HNI) Shares Offered | 50% |
Company Promoters | Mr. Mohammed Sabir Khan, Mrs. Samar Khan, and Mr. Nasir Khan are the company promoters. |
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 |
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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 |
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 |
Pre Issue Share Holding | 99.74% |
Post Issue Share Holding | 73.31% |
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) |
---|---|
NII | 13.81 |
Retail | 10.46 |
Total | 12.13 |
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 |
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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: http://www.bigshareonline.com
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, 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.
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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.