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 Promoters
Mr. Mohammed Sabir Khan, Mrs. Samar Khan, and Mr. Nasir Khan are the company promoters.
Company Financials
| 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 |
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
| IPO Opening Date | Mar 15, 2022 |
| IPO Closing Date | Mar 17, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹56 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | 1,908,000 Eq Shares of ₹10 (aggregating up to ₹10.68 Cr) |
| Fresh Issue | 1,908,000 Eq Shares of ₹10 (aggregating up to ₹10.68 Cr) |
| Retail Shares Offered | 50% |
| NII (HNI) Shares Offered | 50% |
Swaraj Suiting IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| 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 Prospectus
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 FAQs
| When Swaraj Suiting IPO will open? The Swaraj Suiting IPO dates are 15 March 2022 To 17 March 2022 |
| What is the lot size of Swaraj Suiting IPO ? Swaraj Suiting IPO lot size and the minimum order quantity is 2000 Shares. |
| How to apply for Swaraj Suiting IPO ? 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. |
| When is Swaraj Suiting IPO listing date? The Swaraj Suiting IPO listing date is announced. The date of Swaraj Suiting IPO listing is [28 March 2022]. |
