Former India cricket captain Rohit Sharma and young cricketer Tilak Verma have been named in the list of names for the preferential share issue of SME firm Swaraj Shooting. Kolkata Knight Riders assistant coach Abhishek Mohan Nair and Shreyas Iyer’s father, Santosh Venkateswaran Iyer are also on the list. As per the company’s plan, each cricketer will be given 11,000 shares. A total of 198 people are on the proposed list.

Swaraj Shooting’s exchange filing dated November 25 said that the company’s board has approved the issue of 43.76 lakh shares on preferential basis. The issue price of the shares has been fixed at Rs 236 per share. The company estimates that a total of Rs 103.28 crore will be raised in this process. In addition, the board plans to raise funds through the issue of convertible warrants. The price of each warrant has been fixed at Rs 236 and the company wants to raise another Rs 160.41 crore through this route. Subject to necessary regulatory approvals, these warrants can be converted into equity shares of equal amount in the future. The allotment is said to be for selected investors including the promoter group.

In addition to the company’s fundraising plan, shareholders’ approval has been sought for several other financial proposals. These include giving directors the power to extend loans or provide guarantees to companies in which they have an interest, up to Rs 75 crore. The company has also proposed to increase its borrowing limit to Rs 1,000 crore, exceeding the current limit based on paid-up capital and reserves. The board has approved a proposal to raise the limit on creating charges or mortgages on the company’s assets to Rs 1,000 crore.

The company’s board will hold an extraordinary general meeting on December 24 to approve these proposals. Shareholders’ approval will also be sought for other matters, including the issue of preferential shares.

Strong Share Performance

Swaraj Suiting’s share price has caught market attention. The stock closed 2.90% higher at Rs 280 on the NSE on November 27 and touched a 52-week high of Rs 287.45 during the day. It has been on an upward trend for four consecutive sessions. The stock rose 43% in November alone and nearly 20% in October. Since its IPO in March 2022 at Rs 56 per share, the stock has given nearly 400% returns, making it a multi-bagger for investors.

Consistent Financial Growth

The company’s recent financial results are impressive. In Q2 of FY 2025-26, Swaraj Suiting’s consolidated income grew 26% to Rs 204.16 crore. Profit after tax increased by 67% to Rs 23.66 crore, compared to Rs 14.19 crore in the same period last year.

With strong fundraising plans, preferential share allotment, and consistent financial growth, Swaraj Suiting has become a key attraction for investors in the market.