Swaraj Suiting Limited was incorporated in 2003. It manufactures, produces, and supplies textile products. The firm mainly operates in Manufacturing of Grey Fabric, Weaving on Job Work basis, and Trading of Finished Fabric, Grey Fabric, and Yarn.
| Bidding Dates |
|---|
| 15 Mar 2022 - 17 Mar 2022 |
| Subscription |
|---|
| 12.13x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,12,000 | 1 | 1 | 2000 | 1.9 M | ₹56 | 73.5 % | ₹106.8 M | RHP DOC |
Swaraj Suiting IPO SUBSCRIPTION STATUS
17 Mar '22Swaraj Suiting IPO overall subscription rate was 12.13 times the total available shares
Swaraj Suiting IPO retail subscription rate was 10.46 times in the retail segment
Swaraj Suiting IPO non-institutional investor subscription rate was 13.81 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
17 Mar 2022 (Day 3) | 10.46x | 13.81x | - |
15 Mar 2022 (Day 1) | 0.93x | 1.86x | - |
16 Mar 2022 (Day 2) | 3.59x | 2.36x | - |
Swaraj Suiting FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 6MFY21 | 1.9 | 81.7 | 1.2 | -1.6 |
| FY21 | 2.7 | 59.9 | 1.2 | -0.4 |
| FY20 | 3.3 | 80.4 | 9.2 | 2.3 |
| FY19 | 2.0 | 76.3 | 9.6 | 3.7 |
Swaraj Suiting IPO SUBSCRIPTION STATUS DETAILS
Swaraj Suiting had 1.9 M shares on offer
Swaraj Suiting IPO offer price was ₹56
Swaraj Suiting IPO minimum Investment was ₹112000
Swaraj Suiting IPO issue size was ₹ 106.8 M
Swaraj Suiting had a minimum lot size of 2000 Shares per application
Swaraj Suiting NUMBER OF SHARES ON OFFER
Swaraj Suiting IPO IMPORTANT DATES
| Issue Open Date | 15 Mar 2022 |
| Issue close Date | 17 Mar 2022 |
| Allotment Date | 23 Mar 2022 |
| Refund Date | 24 Mar 2022 |
| Demat Account Credit Date | 25 Mar 2022 |
| Listing Date | 28 Mar 2022 |
| Listing on Exchange(s) | NSE |
| Swaraj Suiting Allotment Status | Exchange |
Swaraj Suiting IPO subscription opened on 15 Mar 2022, and closed on 17 Mar 2022
IPO allotment for Swaraj Suiting was finalized on Wednesday, 23 Mar 2022
IPO listing for Swaraj Suiting was on NSE on Monday, 28 Mar 2022
Swaraj Suiting IPO LISTING GAINS
| Issue Price (adjusted) | 28.0 |
| Listing Open Price | 56.0 |
| Listing Close Price | 53.2 |
| Listing Gain% | 0.0% |
| Current Gain% | 1171.8% |
Swaraj Suiting Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Swaraj Suiting Ltd. | 356.1 | 256.4 | 17.5 | -0.3 | 1.4 | 15.8 | 6.2 | 585.2 | 39.9 | 53.7 | 60.3 | 20.3 | -56.3 |
| KPR Mill Ltd. | 1076.7 | 36803.1 | 42.5 | 6.7 | 5.5 | 15.2 | 12.7 | 6784.3 | 5 | 866.5 | 6.3 | 25.4 | 6.3 |
| Vardhman Textiles Ltd. | 606.8 | 17563.9 | 20.7 | -43.8 | 1.7 | 7.1 | 5.4 | 10092.5 | -0.3 | 745.2 | -15.6 | 29.3 | -0.5 |
| Welspun Living Ltd. | 164.1 | 15738.7 | 77 | -1.1 | 1.7 | 4.2 | 2 | 9467.9 | -11.5 | 204.4 | -68 | 2.1 | -68 |
| Arvind Ltd. | 560.6 | 15249.2 | 36.8 | 2.2 | 1.6 | 10.2 | 4.7 | 9359.5 | 11.5 | 413.9 | 17.1 | 15.2 | 17.1 |
| Trident Ltd. | 25.2 | 12831.6 | 32.5 | -3.5 | 1.9 | 7.9 | 5 | 6775.2 | -3.9 | 377.1 | 2 | 0.8 | -9.4 |
Swaraj Suiting INFORMATION ON IPO ISSUE
About Swaraj Suiting
Swaraj Suiting Limited was incorporated in 2003. It manufactures, produces, and supplies textile products. The firm mainly operates in Manufacturing of Grey Fabric, Weaving on Job Work basis, and Trading of Finished Fabric, Grey Fabric, and Yarn.
Object 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
Swaraj Suiting - PROMOTERS
| Name |
|---|
| Mohammed Sabir Khan |
| Samar Khan |
| Nasir Khan |
Swaraj Suiting Lead Manager
Finshore Management Services Limited
ramakrishna@finshoregroup.com
Swaraj Suiting Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Swaraj Suiting Strengths
Location of the factory
The registered office and factory are situated in a well-developed industrial area, with all the infrastructure facilities and both skilled and unskilled manpower available at a competitive cost
Strong supplier base for sourcing of raw materials/ products
The company has developed a robust supply chain for the sourcing of a wide variety of products that we offer to our customers.
Smooth flow of operations
The company has developed a wide clientele base and this was done with our valued based relationship approach
Swaraj Suiting Risks
Legal proceedings
Promoters, promoters group and group company are party to certain litigation and claims
Lenders have charge over our movable and immovable properties
The company's lenders have charge over its movable and immovable properties in respect of finance availed
IPO FAQs
The promoters of the company are Mohammed Sabir Khan, Samar Khan and Nasir Khan.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 56.0 - 56.0.
The IPO application opens on Mar 15, 2022 and closes on Mar 17, 2022.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 112,000.0, the maximum value for this IPO is Rs 112,000.0.
This IPO will be allotted on Mar 23, 2022.
The refund will be credited to your account on Mar 24, 2022.
The allotted shares will be credited to your demat on Mar 25, 2022.
Swaraj Suiting Ltd.’s shares listed on the stock exchanges on Mar 28, 2022.