Swaraj Suiting IPO Basis of Allotment

	(This is only an advertisement for information purposes and not a prospectus announcement)
	SWARAJ SUITING LIMITED

Our Company was originally incorporated as “Swaraj Suiting Private Limited” on June 9, 2003 vide certificate of incorporation bearing Corporate Identity No. U18101RJ2003PTC018359 under the provisions of Companies Act, 1956 issued by the Registrar of Companies Rajasthan, Jaipur. Subsequently, the company was converted into Public Limited Company vide a fresh certificate of incorporation issued by ROC-Jaipur, consequent upon conversion from Private Limited to Public Company dated September 22, 2020 in the name of“Swaraj Suiting Limited”. The Corporate Identification Number of our Company changed to U18101RJ2003PLC018359. For further details, please refer to section titled “Our History and Certain Corporate Matters” beginning on page no 98 of the Prospectus.

Registered & Corporate office: F-483 To F-487, RIICO Growth Centre Hamirgarh-311025, Bhilwara, Rajasthan, India
Contact Person: Mr. Rahul Kumar Verma, Company Secretary & Compliance Officer; Tel No: 9660630663
E-Mail ID: cs@swarajsuiting.com; Website: www.swarajsuiting.com;
OUR PROMOTERS: (I) MOHAMMED SABIR KHAN, (II) Mrs. SAMAR KHAN AND (III) Mr. NASIR KHAN
BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER OF 19,08,000 EQUITY SHARES OF FACE VALUE RS. 10/- EACH ("EQUITY SHARE") OF SWARAJ SUITING LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs.56/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs.40/- PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF Rs.46/- PER EQUITY SHARE (THE “ISSUE PRICE”), AGGREGATING TO Rs.1068.48 LAKHS (“THE ISSUE”), OF WHICH 96,000 EQUITY SHARES OF FACE VALUE OF Rs.10/- EACH FOR CASH AT A PRICE OF Rs.56/- PER EQUITY SHARE, AGGREGATING TO Rs.53.76 LAKHS WILL BE RESERVED FOR SUBSCRIPTIONS BY THE MARKET MAKER TO THE ISSUE (THE “MARKET MAKER RESERVATION PORTION”). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 18,12,000 EQUITY SHARES OF FACE VALUE OF Rs.10/- EACH FOR CASH AT A PRICE OF Rs.56/- PER EQUITY SHARE, AGGREGATING TO 01014.72 LAKHS IS HERE IN AFTER REFERRED TO AS THE “NET ISSUE”. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.50% AND 25.17% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY. THIS OFFER IS BEING MADE IN TERMS OF CHAPTER IX OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018 (THE “SEBI ICDR REGULATIONS”), AS AMENDED. IN TERMS OF RULE 19(2)(b)(i) OF THE SECURITIES CONTRACTS (REGULATION RULES, 1957, AS AMENDED, THIS IS AN ISSUE FOR AT LEAST 25.00% OF THE POST ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 253(2) OF THE SEBI (ICDR) REGULATIONS, AS AMENDED. FOR FURTHER DETAILS, PLEASE REFER “ISSUE PROCEDURE” ON PAGE 186 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS Rs. 10/- EACH AND THE ISSUE PRICE IS Rs. 56/- EACH. THE ISSUE PRICE IS 5.6 TIMES OF THE FACE VALUE.
ISSUE PROGRAMME: ISSUE OPENED ON: MARCH 15, 2022 and CLOSED ON: MARCH 17, 2022,
PROPOSED DATE OF LISTING: MARCH 28, 2022*.

The Equity Shares of fered through Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of India Limited (“NSE EMERGE”). Our Company has received in-principal approval letter dated March 09, 2022 from NSE for using its name in this offer document for listing of our shares on the SME Platform of National Stock Exchange of India Limited (“NSE EMERGE”). For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited (“NSE”). The trading is proposed to be commenced on or about March 28, 2022*.

* Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited.

SUBSCRIPTION DETAILS

The Issue was subscribed to an extent of 11.53 times i.e., Gross Subscription of Rs.123.16 crores for 21,994,000 equity shares were based on the bid file received from NSE on the day after closure of the Issue received as against Rs. 10.68 crores for 1,908,000 equity shares. (Including subscription by Market Makers to the Issue). The Issue was subscribed to an extent of 9.83 times (after technical rejection and bids not banked). i.e Net Subscription of Rs. 105.01 crores for 18,752,000 equity shares after eliminating technically rejected and bid not banked applications. 1,216 applications for 2,996,000 shares were bidded without banking..

Summary of the Valid Applications Received:

Sr. No	Category	Gross Application		Less: Rejections		Valid		Allotment
		No. of Application	Equity Share	No. of Application	Equity Share	No. of Application	Equity Share	No. of Application	Equity Share
1	Retail Individual Applicants	3,556	7,112,000	101	202,000	3,455	6,910,000	454	908,000
2	Non-Retail Applicants	355	11,820,000	11	74,000	344	11,746,000	206	904,000
3	Market Maker	1	96,000	-	-	1	96,000	1	96,000
	Total	3,912	19,028,000	112	276,000	3,800	18,752,000	661	1,908,000

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange -National Stock Exchange of India Limited on March 23, 2022

A. Allocation to Market Maker (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 56/- per Equity Share, was finalised in consultation with NSE. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 96,000 Equity shares.

Sr.No	No. of Shares applied for (Category wise)	Number of applications received	% to total	Total No. of Shares applied in each category	% to total	Ratio of allottees to applicants		Number of successful applicants(after rounding)	Total No. of shares allocated/alloted
1	96000	1	100	96000	100	1	1	1	96000
	Grand Total	1	100	96000	100			1	96000

B. Allocation to Retail Individual Investors (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotement to the Retail Individual Investors, at the issue price of Rs. 56/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 7.61 times i.e. for 6,910,000 Equity Shares. Total number of shares allotted in this category is 908,000 Equity Shares to 3455 successful applicants.

Sr.No	No. of shares applied for (Category wise)	Number of applications received	% to total	Total No. of shares applied in each category	% to total	Ratio of allottees to applicants		Number of successful applicants(after rounding)	total do. of shares allocated/alloted
1	2000	3455	100	6910000	100	59	449	454	908000
	Grand Total	3455	100	6910000	100			454	908000

C. Allocation to Other than Retail individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the issue price of Rs. 56/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 12.99 times i.e. for 11,746,000 shares. Total number of shares allotted in this category is 904,000 Equity Shares to 344 successful applicants.

The category wise details of the Basis of Allotment are as under:

Sr.No	Do. of Shares applied for (Category wise)	Number of applications received	% to total	Total Do. of Shares applied in each category	% to total	Ratio of allottees to applicants		Number of successful applicants(after rounding)	Total Do. of shares allocated/ alloted	Sr.No	Do. of Shares applied for (Category wise)	Number of applications received	% to total	Total Do. of Shares applied in each category	% to total	Ratio of allottees to applicants		Number of successful applicants(after rounding)	Total Do. of shares allocated/ alloted
1	4000	59	17.15	236000	2	9	59	9	18000	36	64000	2	0.58	128000	1.08	1	1	2	8000
2	6000	35	10.17	210000	1.78	8	35	8	16000	37	0	0	0	0	0	1	2		2000
3	8000	24	6.97	192000	1.63	7	24	7	14000	38	68000	2	0.58	136000	1.15	1	1	2	8000
4	10000	18	5.23	180000	1.53	7	18	7	14000	39	0	0	0	0	0	1	2		2000
5	12000	19	5.52	228000	1.94	9	19	9	18000	40	76000	1	0.29	76000	0.64	1	1	1	6000
6	14000	13	3.77	182000	1.54	7	13	7	14000	41	78000	1	0.29	78000	0.66	1	1	1	6000
7	16000	16	4.65	256000	2.17	5	8	10	20000	42	80000	4	1.16	320000	2.72	1	1	4	24000
8	18000	17	4.94	306000	2.6	12	17	12	24000	43	84000	1	0.29	84000	0.71	1	1	1	6000
9	20000	18	5.23	360000	3.06	7	9	14	28000	44	86000	1	0.29	86000	0.73	1	1	1	6000
10	22000	9	2.61	198000	1.68	8	9	8	16000	45	88000	2	0.58	176000	1.49	1	1	2	12000
11	24000	8	2.32	192000	1.63	7	8	7	14000	46	0	0	0	0	0	1	2		2000
12	26000	4	1.16	104000	0.88	1	1	4	8000	47	90000	4	1.16	360000	3.06	1	1	4	24000
13	28000	9	2.61	252000	2.14	1	1	9	18000	48	0	0	0	0	0	1	2		4000
14	0	0	0	0	0	1	9		2000	49	96000	1	0.29	96000	0.81	1	1	1	8000
15	30000	8	2.32	240000	2.04	1	1	8	16000	50	100000	⁴	1.16	400000	3.4	1	1	4	24000
16	0	0	0	0	0	1	8		2000	51	0	0	0	0	0	3	4		6000
17	32000	2	0.58	64000	0.54	1	1	2	4000	52	112000	1	0.29	112000	0.95	1	1	1	8000
18	34000	7	2.03	238000	2.02	1	1	7	14000	53	118000	1	0.29	118000	1	1	1	1	10000
19	0	0	0	0	0	2	7		4000	54	120000	1	0.29	120000	1.02	1	1	1	10000
20	36000	8	2.32	288000	2.45	1	1	8	16000	55	128000	1	0.29	128000	1.08	1	1	1	10000
21	0	0	0	0	0	3	8		6000	56	132000	¹	0.29	132000	1.12	1	1	1	10000
22	38000	3	0.87	114000	0.97	1	1	3	6000	57	134000	1	0.29	134000	1.14	1	1	1	10000
23	0	0	0	0	0	1	3		2000	58	140000	1	0.29	140000	1.19	1	1	1	10000
24	40000	8	2.33	320000	2.72	1	1	8	16000	59	146000	1	0.29	146000	1.24	1	1	1	12000
25	0	0	0	0	0	1	2		8000	60	154000	1	0.29	154000	1.31	1	1	1	12000
26	42000	1	0.29	42000	0.35	1	1	1	4000	61	178000	3	0.87	534000	4.54	1	1	3	42000
27	44000	2	0.58	88000	0.74	1	1	2	4000	62	180000	1	0.29	180000	1.53	1	1	1	14000
28	0	0	0	0	0	1	2		2000	63	200000	2	0.58	400000	3.4	1	1	2	28000
29	46000	2	0.58	92000	0.78	1	1	2	8000	64	0	0	0	0	0	1	2		2000
30	50000	4	1.16	200000	1.7	1	1	4	16000	65	330000	1	0.29	330000	2.8	1	1	1	26000
31	52000	2	0.58	104000	0.88	1	1	2	8000	66	356000	1	0.29	356000	3.03	1	1	1	28000
32	56000	1	0.29	56000	0.47	1	1	1	4000	67	358000	1	0.29	358000	3.04	1	1	1	28000
33	60000	3	0.87	180000	1.53	1	1	3	12000	68	730000	1	0.29	730000	6.21	1	1	1	56000
34	0	0	0	0	0	1	3		2000	69	750000	1	0.29	750000	6.38	1	1	1	58000
35	62000	1	0.29	62000	0.52	1	1	1	4000	Grand Total		344	100	11746000	100			206	904000

The Board of Directors of the company at its meeting held on March 23, 2022 has approved the Basis of Allotment of Equity shares as approved by the Designated stock Exchange viz. National Stock Exchange of India Limited and at a meeting held on March 23, 2022 has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants.

In terms of the Prospectus dated March 09, 2022 and as per the SEBI (ICDR) Regulations, 2018 wherein a minimum of 50% of the net offer of shares to the Public shall initially be made available for allotment to retail individual investors as the case may be. The balance net offer of shares to the public shall be made available for allotment to a) individual applicants other than retail investors and b) other investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. The unsubscribed portion of the net offer to any one of the categories specified in (a) or (b) shall be made available for allocation in the other category, if so required. “For the purpose of sub-regulation (2) of regulations 253, if the retail individual investor category is entitled to more than fifty per cent on proportionate basis, the retail individual investors shall be allocated that higher percentage”.

The instructions to Self Certified Syndicate Banks for unblocking the amount was processed on or before March 24, 2022. Further, the CAA-cum-Refund advices and allotment advice and/or notices will be forwarded to the address/ email id of the Applicants as registered with the depositories as filled in the application form on or before March 25, 2022. In case the same is not received within 10 days, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the NSE EMERGE within six working days from the date of the closure of the Issue.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated March 09, 2022 (“Prospectus”)

INVESTORS PLEASE NOTE The details of the allotment made would also be hosted on the website of the Registrar to the Issuer,BIGSHARE SERVICES PRIVATE LIMITED at https://ipo2.bigshareonline.com/ IPO_Status.html. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicants, serial number of the Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

	BIGSHARE SERVICES PRIVATE LIMITED
	1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai-400059
	Tel: 022-62638200, Fax No: 022-62638280; Email: ipo@bigshareonline.com Contact Person: Mr. Swapnil kate
	Website: www.bigshareonline.com Investor Grievance Email: investor@bigshareonline.com SEBI Registration No.: INR000001385

	For SWARAJ SUITING LIMITED
	On behalf of the Board of Directors
	Sd/-
Place: Bhilwara	Managing Director
Date: 24.03.2022

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF SWARAJ SUITING LIMITED

Swaraj Suiting IPO Basis of Allotment FAQs

Check the basis of allotment document above to know about how the shares are allocated in Swaraj Suiting IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

The Swaraj Suiting IPO basis of allotment (published above) tells you how shares are allocated to you in Swaraj Suiting IPO and category wise demand of IPO share.

Visit the Swaraj Suiting IPO allotment status page to check the number of shares allocated to your application.

Swaraj Suiting IPO Basis of Allotment

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