Indian cricket’s ‘Hitman’ Rohit Sharma is known for his explosive batting on the field, but now he has stepped onto another pitch, which is the stock market. The world of investing is as exciting and uncertain as cricket, and when big players enter the fray, there is bound to be a buzz.

Recently, Rohit Sharma, young batsman Tilak Verma and some other personalities from the cricket world have decided to invest in a textile company named Swaraj Suiting. Considering the past excellent returns of the company, this news quickly became popular in the market.

Who invested the money?

Big names are included in the list of preferential issues of Swaraj Suiting. Like- Rohit Sharma, Tilak Verma, Shreyas Iyer’s father Santosh Iyer and KKR coach Abhishek Nair.

It is being told that all of them are going to get around 11,000 shares each. Let us tell you, this investment is being made in a smallcap company whose market cap is around Rs 599 crore.

Company plans to raise big funds

Swaraj Suiting is not only focusing on connecting cricketers but is also emphasizing on its expansion. The company has proposed to issue 43,76,500 shares, the price of which has been fixed at Rs 236 per share. If approved, the company can raise around Rs 103 crore.

Apart from this, the company is also planning to issue about 67,97,000 warrants, the total value of which is around Rs 160 crore. In future, these warrants can be converted into shares, which will lead to a big increase in the capital of the company. The company has also proposed to increase its borrowing limit to Rs 1,000 crore.

Tremendous jump of 900% in 5 years

The biggest news for investors is that Swaraj Suiting has given almost 900% returns in the last 5 years. This means that the person who invested money 5 years ago, his amount would have increased 9 times.

Recently, amid the news, the stock jumped by about 2.5% and closed at Rs 279. Even in just one month it has given a return of about 44%. The ROE of the company is around 24% and the PE ratio is also at an attractive level, which makes it stronger in the eyes of investors.

What does Swaraj Suiting do?

This company is active in the textile sector and manufactures fabrics like denim and cotton. All the steps like yarn dyeing, weaving and finishing are done in-house in their factories, due to which the quality control remains strong. Besides, it also supplies clothes to many big brands.