Swaraj Suiting IPO Details, Price, GMP, Review, Dates, Allotment

Swaraj Suiting IPO

Swaraj Suiting Limited IPO (Swaraj Suiting IPO) Details: 

When is Swaraj Suiting IPO Launching?

The Swaraj Suiting IPO opens on Mar 15, 2022, and closes on Mar 17, 2022.

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 Share Price

Swaraj Suiting IPO is an SME IPO of 1,908,000 equity shares of the face value of ₹10 aggregating up to ₹10.68 Crores. The issue is priced at ₹56 per equity share. The minimum order quantity is 2000 Shares.

Swaraj Suiting IPO Promoter Holding

Mr. Mohammed Sabir Khan, Mrs. Samar Khan, and Mr. Nasir Khan are the company promoters.

Pre Issue Share Holding 99.74%
Post Issue Share Holding 73.31%


Swaraj Suiting IPO Board of Directors

Name Designation
Amreen Sheikh Independent Director
Annie Zuberi Independent Director
Mohammed Sabir Khan Managing Director
Nasir Khan Whole Time Director
Prakash Chandra Jain Chief Financial Officer
Rahul Kumar Verma Co. Secretary & Compl. Officer
Ramesh Agarwal Independent Director
Samar Khan Whole Time Director


Swaraj Suiting IPO Company Financials

Summary of financial Information (Restated Consolidated)
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


About Swaraj Suiting IPO

Established in 2003, Swaraj Suiting Limited manufactures, produces, and supplies textile products. The firm mainly operates in three key business verticals; Manufacturing of Gray Fabric, Weaving on Job Work basis, and Trading of Finished Fabric, Gray Fabric, and Yarn.

Initially, the company was engaged in the manufacturing of cotton/synthetic fabrics yet later moved 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).

Company Contact Information

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

Swaraj Suiting IPO GMP Today

Swaraj Suiting IPO GMP today is N/A per share.

How to apply for Swaraj Suiting IPO

Apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.

Final Review

The issue is lucratively evaluated based on its financial and BV parameters. The textile segment has off late seen fancy from investors. This reasonably estimated company from the textile segment may be considered for medium to long-haul rewards.

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