FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
Swaraj Suiting IPO is a fixed price issue of Rs 10.68 crores. The issue is entirely a fresh issue of 19.08 lakh shares.
Swaraj Suiting IPO bidding started from March 15, 2022 and ended on March 17, 2022. The allotment for Swaraj Suiting IPO was finalized on Wednesday, March 23, 2022. The shares got listed on NSE SME on March 28, 2022.
Swaraj Suiting IPO price is ₹56 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹112,000.
Finshore Management Services Limited is the book running lead manager of the Swaraj Suiting IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Swaraj Suiting IPO RHP for detailed information.
IPO Date | March 15, 2022 to March 17, 2022 |
Listing Date | March 28, 2022 |
Face Value | ₹10 per share |
Price | ₹56 per share |
Lot Size | 2000 Shares |
Total Issue Size | 1,908,000 shares (aggregating up to ₹10.68 Cr) |
Fresh Issue | 1,908,000 shares (aggregating up to ₹10.68 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 5,292,130 |
Share holding post issue | 7,200,130 |
Market Maker portion | 96,000 shares |
Swaraj Suiting IPO offers 1,908,000 shares. 904,000 (47.38%) to NII, 908,000 (47.59%) to RII.
Investor Category | Shares Offered |
---|---|
Anchor Investor Shares Offered | - |
Market Maker Shares Offered | 96,000 (5.03%) |
Other Shares Offered | 904,000 (47.38%) |
Retail Shares Offered | 908,000 (47.59%) |
Total Shares Offered | 1,908,000 (100%) |
Swaraj Suiting IPO opens on March 15, 2022, and closes on March 17, 2022.
IPO Open Date | Tuesday, March 15, 2022 |
IPO Close Date | Thursday, March 17, 2022 |
Basis of Allotment | Wednesday, March 23, 2022 |
Initiation of Refunds | Thursday, March 24, 2022 |
Credit of Shares to Demat | Friday, March 25, 2022 |
Listing Date | Monday, March 28, 2022 |
Cut-off time for UPI mandate confirmation | 5 PM on March 17, 2022 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 2000 | ₹112,000 |
Retail (Max) | 1 | 2000 | ₹112,000 |
Lot Size Calculator |
Mr. Mohammed Sabir Khan, Mrs. Samar Khan, and Mr. Nasir Khan are the company promoters.
Share Holding Pre Issue | 99.74% |
Share Holding Post Issue | 73.31% |
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 market capitalization of Swaraj Suiting IPO is Rs 40.32 Cr.
Pre IPO | Post IPO | |
---|---|---|
P/E (x) | 10.55 |
The IPO aims to utilize the net proceeds towards the following purposes
[Dilip Davda] 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 March 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) |
---|---|
Other | 13.81 |
Retail | 10.46 |
Total | 12.13 |
Listing Date | March 28, 2022 |
BSE Script Code | |
NSE Symbol | SWARAJ |
ISIN | INE0GMR01016 |
Final Issue Price | ₹56 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
NSE SME |
---|
₹56.00 |
₹56.00 |
₹53.20 |
₹56.00 |
₹53.20 |
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: https://ipo.bigshareonline.com/ipo_status.html
SME Company Owners
We could help you get listed on the stock market.
Check our SME IPO Guide
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 March 15, 2022, and closes on March 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 March 15, 2022 and closes on March 17, 2022.
Swaraj Suiting IPO lot size is 2000 Shares, and the minimum amount required is ₹112,000.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Swaraj Suiting IPO will be done on Wednesday, March 23, 2022, and the allotted shares will be credited to your demat account by Friday, March 25, 2022. Check the Swaraj Suiting IPO allotment status.
Thank you,
Admin @ Chittorgarh.com
ProStocks (Stock Broker) offers Unlimited Trades @ Rs 899 Per Month (or Rs 15 per trade) + Rs 0 Eq Delivery Brokerage + AMC Free Demat + Rs 0 Account Opening Fee. Team Chittorgarh.com guarantee you the best service. Open instant account
Useful Articles
Rs 0 Account Opening Fee
Free Eq Delivery & MF
Flat ₹20 Per Trade in F&O
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
IPO Mentor (1000+ Posts, 300+ Likes)
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.