Issue Price
₹56
Per Share
GMP
NIL
Grey Market
Est. Listing
₹56
Expected Price
Min. Application
₹224,000
2 lots × 2000 shares
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).Competitive strengths:Strong Promoters, Experienced management team, and Well-defined organizational structureStrong supplier base for sourcing of raw materials/ productsSmooth flow of operationsQuality Assurance and StandardsCustomer-Centric services and scalable business model
Swaraj Suiting Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 96,000 | — | ₹0.54 Cr | — |
| TOTAL | 1,908,000 | 100.00% | ₹10.68 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹112,000 |
| Retail (Max) | 13 | 26,000 | ₹1,456,000 |
| sNII (Min) | 14 | 28,000 | ₹1,568,000 |
| bNII (Min) | 68 | 136,000 | ₹7,616,000 |
| Particulars | 30-Sep-21 | 31-Mar-21 | 31-Mar-20 |
|---|---|---|---|
| Revenue from Operations | 81.72 | 60.22 | 80.65 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 1.91 | 2.68 | 3.54 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 91.62 | 91.72 | 97.05 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |