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Let’s have a detailed review of the company and analytics of the Swaraj Suiting IPO release date, IPO offer price, subscription, Swaraj Suiting Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Price BandRs 56
Listing AtNSE EMERGE
Min. Order Quantity2000 Shares
Listing DateNA
Offer for SaleRs Lakhs
Fresh IssueRs 1068.48 Lakhs
IPO SizeRs 1068.48 Lakhs
Tick Size1

Swaraj Suiting IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


Swaraj Suiting IPO – Summary

Swaraj Suiting IPOTheir Company was set up in the year 2003 and was initially engaged in the manufacture of cotton/synthetic fabrics but later shifted to trading in synthetic fabrics in 2009 by selling off its Sulzer weaving looms to an associate concern, Swaraj Sulz Private Limited.

Their Company re-entered into manufacturing of Cotton and Synthetic fabrics in 2011 and commenced commercial operations in January 2013. Their Promoters Mohammed Sabir Khan, Samar Khan and Nasir Khan have a combined experience of more than 25 years in Textile Industry and have sound knowledge of production process, marketing, finance and all kind of other commercial activities related to the textile industry.

The Promoters of this company are MOHAMMED SABIR KHAN, Mrs. SAMAR KHAN and Mr. NASIR KHAN. The lead manager to the issue is FINSHORE MANAGEMENT SERVICES LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.


Swaraj Suiting IPO Date

The opening and the closing date of Swaraj Suiting IPO are Mar 15, 2022 and Mar 17, 2022 Respectively.


Swaraj Suiting IPO Subscription

Day / DateNIIRIITotal Subscription
1st Day – 15th March1.86x0.93x1.39x
2nd Day –  16th March2.36x3.59x2.97x
3rd Day – 17th March13.81x10.46x12.13x
Shares Offered or Net Issue904,000908,0001,812,000

The shares subscribed by the public will be updated here.

Check Swaraj Suiting IPO LIVE Subscription

  • Swaraj Suiting IPO LIVE Bid details on BSE
  • Swaraj Suiting IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.


Swaraj Suiting IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Swaraj Suiting Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment FinalizationMar 23, 2022
Refunds InitiationMar 24, 2022
Credit of Shares to Demat AccountMar 25, 2022
Share Listing DateMar 28, 2022

Swaraj Suiting IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs.56


Swaraj Suiting IPO Equity Size

This Initial Public Issue of 19,08,000 Equity Shares of Rs.10 each for cash at a price of Rs.56  per equity share aggregating to Rs.1068.48 Lakhs


Swaraj Suiting IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 19,08,000 Equity Shares of Rs.10/ each.

Issue Size: 19,08,000 Equity Shares of Rs.10 each, aggregating to Rs.1068.48 Lakhs


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    Swaraj Suiting IPO – Live Performance

    The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Swaraj Suiting Share Price

    Swaraj Suiting IPO Grey Market Premium

    The Swaraj Suiting Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


    Swaraj Suiting IPO – Company Overview

    Their Company was set up in the year 2003 and was initially engaged in the manufacture of cotton/synthetic fabrics but later shifted to trading in synthetic fabrics in 2009 by selling off its Sulzer weaving looms to an associate concern, Swaraj Sulz Private Limited.

    Swaraj Suiting re-entered into manufacturing of Cotton and Synthetic fabrics in 2011 and commenced commercial operations in January 2013. Their Promoters Mohammed Sabir Khan, Samar Khan and Nasir Khan have a combined experience of more than 25 years in Textile Industry and have sound knowledge of production process, marketing, finance and all kind of other commercial activities related to the textile industry.

    Their company is presently, primarily engaged in the Manufacturing of Grey Fabric involving Cotton and Synthetic, Trading of Yarn, Grey fabric and Finished fabric and Weaving on Job work basis.


    Swaraj Suiting IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR )
    30-Sept-2131-Mar-21Mar-2031-Mar-19
    Total Assets91,62,29,53491,71,71,24297,04,45,99293,73,41,799
    Total Revenue81,71,85,60460,21,56,37280,65,32,20476,41,67,614
    Total Expense74,80,18,19850,03,09,47364,07,62,23961,89,42,392
    Profit After Tax1,91,03,0592,67,46,7163,54,31,7362,18,59,066

    Earnings per Equity Share (in Lakhs)

    30-Sept-2131-Mar-21Mar-2031-Mar-19
    Basic & Diluted7.6011.9918.2811.28

     

    Further, their PAT for the period ended on Sept 30, 2021, March 31, 2021, March 31, 2020, and March 31, 2019, were Rs.1,91,03,059, Rs.2,67,46,716,  Rs.3,54,31,736 and Rs.2,18,59,066 respectively.


    Swaraj Suiting IPO – Promoters

    The Promoter of this company is:

    1. Mr. MOHAMMED SABIR KHAN
    2. Mrs. SAMAR KHAN
    3. Mr. NASIR KHAN

    List of Related Parties (Key Managerial Personnel)

    • Mr. Mohammed Sabir Khan, Managing Director
    • Mrs. Samar Khan, Whole Time Director
    • Mr. Nasir Khan, Whole Time Director
    • Mrs. Amreen Sheikh, Independent Director
    • Mrs. Annie Zuberi, Independent Director
    • Mr. Ramesh Agarwal, Independent Director

    Swaraj Suiting IPO – Promoters Holding

    • Pre Issue Share Holding – 99.74%
    • Pos Issue Share Holding – 73.31%

    Swaraj Suiting IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Up to 19,08,000 Equity Shares aggregating up to Rs.1068.48 Lakhs
    of which:
    Issue Reserved for the Market MakersUp to 96,000 Equity Shares aggregating up to Rs.53.76 Lakhs.
    Net Issue to the PublicUp to 18,12,000 Equity Shares aggregating up to Rs.1014.72 Lakhs. 
    Of which:
    Retail Investors Portion Not less than 9,08,000 Equity Shares
    Other than Retail Individual InvestorsNot more than 9,04,000 Equity Shares
     Equity Shares outstanding prior to the Issue52,92,130 Equity Shares
     Equity Shares outstanding after the Issue72,00,130 Equity Shares

    Swaraj Suiting IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. To meet the working capital requirements for their new expansion of production capacity at Neemuch, Madhya Pradesh.
    2. To meet the Issue Expenses
    3. General Corporate Purposes

    Swaraj Suiting IPO – Business Strategy

    • Introduction of High Value Product
    • Increasing Geographical Presences
    • Reduction of Debt
    • Backward Integration
    • Direct Selling to Brands

    Swaraj Suiting IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Established and proven track record;
    • Leveraging the experience of their Promoters;
    • Experienced management team and a motivated and efficient work force;
    • Cordial relations with their customers
    • Quality Assurance & Control
    • Strategically located manufacturing facility

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-2111.996.99171.46
    31-Mar-2018.2811.52
    Mar-1911.288.37

    Swaraj Suiting IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs.)
    Swaraj Suiting Limited109.3411.996.9960,21,56,372
    Listed Peers
    NA

    Swaraj Suiting IPO Lead Managers

    Lead Managers
    FINSHORE MANAGEMENT SERVICES LIMITED
    Anandlok Building, Block-A, 2nd Floor, Room No. 207,
    227 A.J.C Bose Road, Kolkata-700020, West Bengal
    Contact Person: Mr. S. Ramakrishna Iyengar
    Telephone: 033 – 22895101
    Email: ramakrishna@finshoregroup.com;
    Website: www.finshoregroup.com;
    Investor Grievance Email: info@finshoregroup.com;
    SEBI Registration No: INM000012185
    CIN No: U74900WB2011PLC169377

    Swaraj Suiting IPO Registrar to offer

    Registrar to the Offer
    BIGSHARE SERVICES PRIVATE LIMITED
    1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis,
    Makwana Road, Marol, Andheri East, Mumbai-400059
    Contact Person: Mr. Swapnil kate
    Tel. No: 022-62638200; Fax No: 022-62638280;
    E-mail: ipo@bigshareonline.com;
    Website: www.bigshareonline.com;
    Investor Grievance Email: investor@bigshareonline.com;
    SEBI Registration No: INR000001385
    CIN No: U99999MH1994PTC076534

    Swaraj Suiting IPO – Other Details

    • Statutory Auditor – M/s. S.K. Toshniwal and Co., Chartered Accountants
    • Legal Counsel to the Company – J MUKHERJEE & ASSOCIATES
    • Bankers to the Company – BANK OF BARODA, STATE BANK OF INDIA and UNION BANK


    Swaraj Suiting IPO Review by Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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      Swaraj Suiting Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download


      Swaraj Suiting IPO Review FAQs

      Ques – What is the Issue Size of Swaraj Suiting IPO?

      Answer – The Company is making an initial public offer of 19,08,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.

      Ques – What is the Price band of Swaraj IPO?

      Answer – The price band for this particular IPO ranges between Rs.56. As far as the face value of the share is of concern, it is Rs.10 per share.

      Ques – What is the Swaraj Suiting IPO Open Date?

      Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Mar 15, 2022, while the closing date is set at Mar 17, 2022.

      Ques – What is the Swaraj IPO Allotment Date?

      Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Mar 23, 2022, refund initiation is on Mar 24, 2022, credit of shares is on Mar 25, 2022, and share listing date is on Mar 28, 2022.

      Ques – What is the Swaraj Suiting IPO Listing Date?

      Answer – Shares of this company shall be listed in the exchanges Mar 28, 2022. The date, when the listing would be done, is stagnant on Mar 28, 2022.

      Ques – Who is the Registrar of Swaraj Suiting IPO?

      Answer – One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.

      Ques – Who is the Promoter of Swaraj IPO?

      Answer – Here are the promoters of this IPO – MOHAMMED SABIR KHAN, Mrs. SAMAR KHAN AND Mr. NASIR KHAN. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      Ques – What is GMP of Swaraj Suiting IPO?

      Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Ques – Is Swaraj IPO good for Investment?

      Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      Ques – What is the PAT of Swaraj Suiting Company?

      Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Rs. is 2,67,46,716, 2020 is 3,54,31,736, 2019 is NA. PAT from Sep 2020 is 2,18,59,066.


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