Bhilwara-based textile company Swaraj Suiting has launched a Rs 10.68 crore IPO to fund the expansion plans of its production facility at Neemuch in Madhya Pradesh and general corporate purposes. The company aims to expand operations in terms of backward and forward integration. It also aims to set up a denim fabrics plant at of 21.75 million cubic metre at Neemuch. The company shall purchase equipment for denim fabric processing, which shall enable the company to process approximately 15 million meters of denim fabric per annum.

The project is proposed to be situated at Jhanjarwada Industrial Area in Neemuch being developed by MP Industrial Development Corporation (MPIDC). Incorporated by Mohammed Sabir Khan in 2003, Swaraj Suiting has a weaving unit at Bhilwara (Rajasthan) and is engaged in manufacturing of cotton and synthetic fabric. It has a production capacity of around 1.50 million metres of fabric per month.