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Swaraj Suiting IPO Details

IPO Open Mar 15, 2022
IPO Close Mar 17, 2022
IPO Price ₹56
Face Value ₹10
IPO Size ₹10.68 Cr
Listing At NSE SME
Lot Size 2000
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wpe1C0.jpg (1257 bytes) (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:

wpe1BF.jpg (1182 bytes) 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.

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).