Swaraj Suiting Ltd - IPO

Swaraj Suiting Ltd IPO Details

Initial public offer of 19,08,000 equity shares of face value of Rs. 10 each (Equity Shares) of Swaraj Suiting Limited (the Company or the Issuer) for cash at a price of Rs. 56 per equity share, including a share premium of Rs. 46 per equity share (the Issue Price), aggregating to Rs. 10.68 crores (The Issue), of which 96,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 56 per equity share, aggregating to Rs. 0.54 croress will be reserved for subscriptions by the market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 18,12,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 56 per equity share, aggregating to Rs. 10.14 crores is here in after referred to as the Net Issue. The issue and the net issue will constitute 26.50% and 25.17% respectively of the post issue paidup equity share capital of the company.The face value of the equity share is Rs. 10 each and the issue price is Rs. 56 each i.e., 5.6 times of the face value of the equity shares. Bids can be made for a minimum of 2000 equity shares and in multiples of 2000 equity shares thereafter.

Objective of issue

Working capital requirements for New Factory at Neemuch, Madhya Pradesh. General corporate purposes.

Swaraj Suiting Ltd Contact Details

Swaraj Suiting Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@swarajsuiting.com

Website - www.swarajsuiting.com