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Swaraj Suiting IPO is a fixed price issue of ₹10.68 crores. The issue is entirely a fresh issue of 0.19 crore shares of ₹10.68 crore.
Swaraj Suiting IPO bidding started from Mar 15, 2022 and ended on Mar 17, 2022. The allotment for Swaraj Suiting IPO was finalized on Mar 23, 2022. The shares got listed on NSE SME on Mar 28, 2022.
Swaraj Suiting IPO price is ₹56.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,12,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,24,000.
Finshore Management Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Nikunj Stock Brokers Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹56 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 19,08,000 shares (aggregating up to ₹10.68 Cr) |
| Reserved for Market Maker | 96,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.5376 Cr) |
| Net Offered to Public | 18,12,000 shares (aggregating up to ₹10.15 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 52,92,130 shares |
| Share Holding Post Issue | 72,00,130 shares |
Swaraj Suiting IPO offers total 19,08,000 shares. Out of which 9,04,000 (47.38%) allocated to NII, 9,08,000 (47.59%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 96,000 (5.03%) |
| NII (HNI) Shares Offered | 9,04,000 (47.38%) |
| Retail Shares Offered | 9,08,000 (47.59%) |
| Total Shares Offered | 19,08,000 (100.00%) |
Swaraj Suiting IPO opens on March 15, 2022, and closes on March 17, 2022.
| IPO Open Date | Tue, Mar 15, 2022 |
| IPO Close Date | Thu, Mar 17, 2022 |
| Tentative Allotment | Wed, Mar 23, 2022 |
| Initiation of Refunds | Thu, Mar 24, 2022 |
| Credit of Shares to Demat | Fri, Mar 25, 2022 |
| Tentative Listing Date | Mon, Mar 28, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 17, 2022 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,12,000 |
| Retail (Max) | 1 | 2,000 | ₹1,12,000 |
| HNI (Min) | 2 | 4,000 | ₹2,24,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 ₹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...
| Listing Date | March 28, 2022 |
| BSE Script Code | |
| NSE Symbol | SWARAJ |
| ISIN | INE0GMR01016 |
| Final Issue Price | ₹56 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹56.00 |
| Open | ₹56.00 |
| Low | ₹53.20 |
| High | ₹56.00 |
| Last Trade | ₹53.20 |
Swaraj Suiting Ltd.
F-483 To F-487
RIICO
Growth Centre Hamirgarh,
Bhilwara, Rajasthan, 311025
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
Swaraj Suiting IPO is a SME IPO of 19,08,000 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.
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, and the minimum amount required for application is ₹1,12,000.
You can apply in Swaraj Suiting IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Swaraj Suiting IPO listing date is on Monday, March 28, 2022.
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