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Swastika Infra Ltd

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹185
Per Share
GMP
+₹5
+2.7% Grey Market
Est. Listing
₹190
Expected Price
Min. Application
₹29,970
2 lots × 81 shares
IPO Issue Details
Issue Price / Price Band₹185 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size81 Shares per Lot
Total Issue Size86,95,945 shares (agg. up to ₹161 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh capital cum OFS
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 23 Sep 2026
Subscription CloseFri, 25 Sep 2026
Anchor AllotmentTue, 22 Sep 2026
Basis of AllotmentMon, 28 Sep 2026
Initiation of RefundsTue, 29 Sep 2026
Credit of Shares to DematTue, 29 Sep 2026
Listing DateWed, 30 Sep 2026
UPI Mandate Deadline5:00 PM on 25 Sep 2026 (Day 3)
Application & Investment Details
Retail — Min (1 Lots)₹14,985 — 81 shares
Retail — Max (13 Lots)₹194,805 (13 Lots)
HNI — Min (67 Lots)₹10,03,995 — 5427 shares
EPS (Pre-IPO)₹15.70
EPS (Post-IPO)₹12.14
P/E Ratio (Pre-IPO)11.78x
P/E Ratio (Post-IPO)15.24x
Fresh Issue Shares69,45,945 shares (agg. up to ₹128 Cr)
Offer for Sale Shares17,50,000 shares of ₹10 (agg. up to ₹32 Cr)
About Swastika Infra Ltd

Incorporated in August 2019, Swastika Infra Limited is an Engineering, Procurement, and Construction (EPC) company specializing in power distribution infrastructure projects (EPC Power Projects) and the sale of electrical products.Business Verticals:EPC Power Projects: The company provides end-to-end turnkey solutions covering procurement, supply, erection, installation, testing, and commissioning of power infrastructure. The scope of work includes:Underground cabling work – Laying, installation, and commissioning of high-voltage/low-voltage power cables to enhance efficiency and reduce power losses.Construction of substations – Execution of Gas Insulated Substations (GIS) and Air Insulated Substations (AIS), including installation of power transformers, circuit breakers, and ring main units.Rural and urban electrification projects – Expanding electricity access in underserved regions by implementing distribution networks, service connections, and feeder lines under government schemes.Installation of street lighting systems – Enhancing urban and rural infrastructure through public lighting projects.Sale of Products: The company is engaged in the trading of electrical products, including the procurement and sale of power cables and other electrical items. While the primary focus is on EPC projects, this segment remains part of its operations.Projects & Presence:Completed Projects: Since 2012, the company has completed 34 EPC Power Projects across four Indian states, covering 8,519.50 circuit kilometres (CKM) with a total contract value of ₹60,410 Lakhs.Ongoing Projects: As of February 28, 2025, The company has 12 ongoing EPC Power Projects across five Indian states with an aggregate order value of Rs 1,47,815 Lakhs.Notable Projects:System Strengthening Works of Jaipur JCC Circle under Jaipur Discom in Rajasthan.Supply contract for rural electrification work in Dausa District.Rural electrification works in Sikar under Ajmer Discom, Rajasthan.Supply, erection, testing & commissioning of SCADA-compatible equipment in Jaipur City Circle (Divisions III, IV, and V).Operations & Workforce:As of February 28, 2025, the company had 104 full-time employees.

Objects of the Issue

Swastika Infra Ltd proposes to utilise the net proceeds from the Issue for the following objects:

1
Funding of incremental working capital requirements of the Company.
145.00
2
General corporate purposes.
Shareholding & Lock-in
Pre-IPO Promoter Holding Not Available
Post-IPO Promoter Holding Not Available
Lock-in Period (30%)Wed, Oct 28, 2026
Lock-in Period (50%)Sun, Dec 27, 2026
Check AllotmentCheck Status →
Swastika Infra Ltd — Live Price LIVE
₹185.00
INR · BSE
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Issue ₹185.00 GMP: +₹5 (+2.7%) Live Price
Quick Facts
GMP Signal🟢 Positive
StatusListed
Issue Price₹185
GMP+₹5
Est. Listing₹190
Lot Size81 shares
Min Amount₹29,970
Listing Date30 Sep 2026
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹185
Listing Date30 Sep 2026
Listing Price—
Listing Gain/Loss—%
52-Week High—
52-Week Low—
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
TOTAL 8,695,946 100.00% ₹160.88 Cr —
* Based on ₹185.00 (upper price band)
Lot Size & Investment Details
Lot Size
81
Shares
Issue Price
₹185.00
Per Share
Min Investment
₹14,985
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 81 ₹14,985
Retail (Max) 13 1,053 ₹194,805
sNII (Min) 14 1,134 ₹209,790
bNII (Min) 68 5,508 ₹1,018,980
Company Financials — Restated Consolidated (Amount in ₹ Crore)
Particulars30 Sep 202431 Mar 202431 Mar 2023
Revenue from Operations 100.52 211.33 154.32
EBITDA N/A N/A N/A
Profit After Tax (PAT) 5.97 13.98 10.25
Net Worth 55.52 49.57 35.59
Total Assets 156.06 143.26 97.96
Reserves & Surplus 30.77 24.82 10.84
Total Borrowings N/A N/A N/A
Key Ratios & Valuation
Issue Price ₹185
Face Value ₹10 Per Share
P/BV 3.21
RoE 35.44
RoCE 25.76
RoNW 35.44
PAT Margin (%) 8.23
EBITDA Margin (%) N/A
Debt / Equity 0.88
Company Details
Company
Swastika Infra Ltd
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
Plot no.14 &15, First Floor, Gajraj Apartment Motilalatal Road, Opposite Hotel Neelam, Jaipur, Rajasthan, India Jaipur, Rajasthan, 302001
Book Running Lead Managers
Srujan Alpha Capital Advisors LLP
Book Running Lead Manager (BRLM)
PhillipCapital India Pvt.Ltd.
Book Running Lead Manager (BRLM)