Fixed Price IPO | ₹11 Cr | Listed at NSE SME | Tue, Mar 15, 2022 - Thu, Mar 17, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Mar 15, 2022
IPO Close
Thu, Mar 17, 2022
Issue Price
₹56 per share
Market Cap (Pre-IPO)
₹40.32 Cr
| IPO Date | 15 to 17 Mar, 2022 |
| Listed on | Mon, Mar 28, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹56 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 19,08,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 96,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.5376 Cr) |
| Fresh Issue (Ex Market Maker) | 18,12,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 18,12,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 52,92,130 shares |
| Share Holding Post Issue | 72,00,130 shares |
| NSE Symbol | SWARAJ |
| ISIN | INE0GMR01016 |
Swaraj Suiting IPO comprises a total issue size of 19,08,000 shares. The net offer to the public is 18,12,000 shares, after excluding 96,000 shares allotted on a firm basis. Of the Net offer 9,04,000 (49.89%) allocated to NII 9,08,000 (50.11%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,04,000 | 49.89% | 47.38% |
| Retail Shares Offered | 9,08,000 | 50.11% | 47.59% |
| Firm Reservations | |||
| Market Maker Shares Offered | 96,000 | 5.03% | |
| Total Shares Offered | 19,08,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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:
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working capital requirements for new project | 9.55 |
| 2 | Issue related expenses | 0.50 |
| 3 | General corporate purposes | 0.63 |
| KPI | |
|---|---|
| RoNW | 6.99% |
| EBITDA Margin | 12.21% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.99 | |
| P/E (x) | 10.55 | |
| Promoter Holding | 99.74% | 73.31% |
| Market Cap | ₹40.32 Cr. |
The Swaraj Suiting IPO is subscribed 12.13 times on March 17, 2022 5:00:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 13.81 | 9,04,000 | 1,24,88,000 |
| Retail | 10.46 | 9,08,000 | 94,94,000 |
| Total | 12.13 | 18,12,000 | 2,19,82,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including other intermediaries Fees | 0.28 |
| 2 | Regulators Including Stock Exchanges | 0.16 |
| 3 | Advertising and Marketing Expenses | 0.05 |
| 4 | Printing and distribution of Issue Stationary | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹56.00 |
| Open | ₹56.00 |
| Low | ₹53.20 |
| High | ₹56.00 |
| Last Trade | ₹53.20 |
Lead Manager Reports
Swaraj Suiting IPO is a SME IPO of 19,08,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹56 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Mar 15, 2022, and closes on Thu, Mar 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 Tue, Mar 15, 2022 and closes on Thu, Mar 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 Fri, Mar 25, 2022. Check the Swaraj Suiting IPO allotment status.
The Swaraj Suiting IPO listing date is on Mon, Mar 28, 2022.
