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:

  • 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 Tentative Timetable

The Swaraj Suiting IPO open date is Mar 15, 2022, and the close date is Mar 17, 2022. The issue may list on Mar 28, 2022.

IPO Open Date Mar 15, 2022
IPO Close Date Mar 17, 2022
Basis of Allotment Date Mar 23, 2022
Initiation of Refunds Mar 24, 2022
Credit of Shares to Demat Account Mar 25, 2022
IPO Listing Date Mar 28, 2022

Swaraj Suiting IPO Lot Size

The Swaraj Suiting IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹112,000).

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%

Company Contact Information

Swaraj Suiting Limited
F-483 To F-487
RIICO Growth Centre Hamirgarh, 311025
Bhilwara
Phone: 9660630663
Email: cs@swarajsuiting.com
Websitehttp://www.swarajsuiting.com/