Indian cricketers Rohit Sharma, Shreyas Iyer, Tilak Verma, others to invest in this multibager SME stock

Former Indian cricket team captain Rohit Sharma, along with Tilak Verma, is among the proposed allottees in the preferential share issue by SME company Swaraj Suiting. The list also includes Kolkata Knight Riders coach Abhishek Mohan Nayar and Shreya Iyer's father, Santosh Vekanteshwaran Iyer.

Each of the cricketers is set to receive 11,000 shares as part of the preferential share allotment. A total of 198 people are among the proposed allottees.

According to an exchange filing dated November 25, Swaraj Suiting's board approved the issuance of 43.76 lakh shares of the company on a preferential basis at the issue price of ₹236 apiece to raise ₹103.28 crore.

Additionally, the board also approved a fundraise via convertible warrants at a price of ₹236 per share to raise ₹160.41 crore. These warrants can be converted into an equal number of equity shares in the future and will be allotted to the promoter group and other identified investors, again pending necessary approvals.

Beyond its fundraising plans, the company has sought shareholder approval for several financial resolutions. These include authorisation to extend loans or provide guarantees of up to ₹75 crore to entities in which its directors may have an interest.

Swaraj Suiting has also proposed increasing its borrowing limit to ₹1,000 crore, allowing it to surpass the existing cap linked to paid-up capital and free reserves.

Lastly, the board has cleared a proposal to raise the limit for creating charges or mortgages on the company’s assets to ₹1,000 crore.

The board will convene an extraordinary general meeting of the members of the company on December 24 to seek their approval for the preferential issue, along with these other proposals.

Swaraj Suting share price trend

SME stock Swaraj Suiting ended 2.90% higher at ₹280 on the NSE today, November 27, taking its winning streak to the fourth straight session. During the day, it hit a 52-week high of ₹287.45 apiece.

So far in November alone, Swaraj Suiting share price has zoomed 43% following a 20% rise in October. In a year, the scrip has risen 23%. Meanwhile, from its IPO price of ₹56, the stock has zoomed 400%, delivering its IPO investors multibagger returns since listing in March 2022.

The company recently posted its financial results for the second quarter of FY26, recording a 26% year-on-year rise in the consolidated revenue to ₹204.16 crore. Meanwhile, the profit after tax (PAT) surged 67% YoY to ₹23.66 crore from ₹14.19 crore in the year-ago period.

Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.