Swaraj Suiting IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’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 Value | Rs 10 |
| Price Band | Rs 56 |
| Listing At | NSE EMERGE |
| Min. Order Quantity | 2000 Shares |
| Listing Date | NA |
| Offer for Sale | Rs Lakhs |
| Fresh Issue | Rs 1068.48 Lakhs |
| IPO Size | Rs 1068.48 Lakhs |
| Tick Size | 1 |
Swaraj Suiting IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Swaraj Suiting IPO – Summary
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.
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 / Date | NII | RII | Total Subscription |
| 1st Day – 15th March | 1.86x | 0.93x | 1.39x |
| 2nd Day – 16th March | 2.36x | 3.59x | 2.97x |
| 3rd Day – 17th March | 13.81x | 10.46x | 12.13x |
| Shares Offered or Net Issue | 904,000 | 908,000 | 1,812,000 |
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 Finalization | Mar 23, 2022 |
| Refunds Initiation | Mar 24, 2022 |
| Credit of Shares to Demat Account | Mar 25, 2022 |
| Share Listing Date | Mar 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
Open Free Demat Account Now!
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-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Total Assets | 91,62,29,534 | 91,71,71,242 | 97,04,45,992 | 93,73,41,799 |
| Total Revenue | 81,71,85,604 | 60,21,56,372 | 80,65,32,204 | 76,41,67,614 |
| Total Expense | 74,80,18,198 | 50,03,09,473 | 64,07,62,239 | 61,89,42,392 |
| Profit After Tax | 1,91,03,059 | 2,67,46,716 | 3,54,31,736 | 2,18,59,066 |
Earnings per Equity Share (in Lakhs)
| 30-Sept-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 7.60 | 11.99 | 18.28 | 11.28 |
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:
- Mr. MOHAMMED SABIR KHAN
- Mrs. SAMAR KHAN
- 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 Makers | Up to 96,000 Equity Shares aggregating up to Rs.53.76 Lakhs. |
| Net Issue to the Public | Up 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 Investors | Not more than 9,04,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 52,92,130 Equity Shares |
| Equity Shares outstanding after the Issue | 72,00,130 Equity Shares |
Swaraj Suiting IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To meet the working capital requirements for their new expansion of production capacity at Neemuch, Madhya Pradesh.
- To meet the Issue Expenses
- 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 EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 11.99 | 6.99 | 171.46 |
| 31-Mar-20 | 18.28 | 11.52 | – |
| Mar-19 | 11.28 | 8.37 | – |
Swaraj Suiting IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs.) | |
| Swaraj Suiting Limited | 10 | 9.34 | 11.99 | 6.99 | 60,21,56,372 |
| 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 Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Subscribe to Swaraj Suiting IPO
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.
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Featured Topics