Swaraj Suiting Ltd. has announced public offering of 1908000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 46.00 per share. The gross proceeds of the issue are expected to be Rs 1,068.48 lakhs.

The company's initial public offer (IPO) will open on 15 March 2022 and is expected to close on 17 March 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 1908000 Equity Shares of the Company at an price of Rs 56.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Swaraj Suiting Ltd. anticipates using the proceeds of the issue for

A To meet the working capital requirements for the new expansion of production capacity at Neemuch, Madhya Pradesh

B To meet the Issue Expenses

C General Corporate Purposes.

Finshore Management Services Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.