Swaraj suiting IPO manufactures, produces, and supplies textile products.
Swaraj suiting IPO-overview
| IPO Dates | 17-22 March 2022 |
| IPO Price | INR 27 per share |
| Fresh issue | 3,600,000 shares (INR 9.72 crore) |
| Offer For Sale | Nil |
| Total IPO size | 3,600,000 shares (INR 9.72 crore) |
| Minimum bid (lot size) | 4000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Swaraj suiting IPO – Tentative Dates
| IPO Offer Opening Date | 17 March 2022 |
| IPO Closing Date | 22 March 2022 |
| Finalization of Basis of Allotment | 25 March 2022 |
| Initiation of refunds | 28 March 2022 |
| Transfer of shares to demat accounts | 29 March 2022 |
| IPO Listing Date | 30 March 2022 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Company Overview
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).
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
Objectives of the issue
- To meet the working capital requirements for the new expansion of production capacity at Neemuch, Madhya Pradesh.
- Meet issue related expense.
- General Corporate Purpose.
Company Financials
| Particulars | 31-March -21 | 31-March -20 | 31-Mar-19 |
| Total Assets | 917.17 | 970.45 | 937.34 |
| Total Revenue | 602.16 | 806.53 | 764.17 |
| Profit After Tax | 26.75 | 35.43 | 21.86 |
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: https://www.bigshareonline.com/
Swaraj Suiting IPO Lead Manager(s)
- Finshore Management Services Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
