Swastika Infra

Swastika Infra

LISTED

IPO Date: 23 Sept - 25 Sept 2026

Listing Date: 30 Sept 2026

Price Range

Rs.175 - Rs.185

Issue Size

161 Cr

Min Investment

₹14,175

Min Application

81 Shares

View IPO Document

Schedule of Swastika Infra

  1. Issue open date

    23 Sept 2026

  2. Issue close date

    25 Sept 2026

  3. UPI mandate deadline

    25 Sept 2026 (5 PM)

  4. Allotment finalization

    28 Sept 2026

  5. Share credit

    29 Sept 2026

  6. Listing date

    30 Sept 2026

  7. Mandate end date

    10 Oct 2026

Issue size

Funds Raised in the IPOAmount
Overall161 Cr
Fresh Issue128.5 Cr
Offer for Sale32.38 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date28 Sept 2026
Allotment Link{Link}

Grey Market Premium

New

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIPO PriceGMPEst. Listing Price
30 Sept 2026Latest₹185₹7₹192(+3.78%)
29 Sept 2026₹185₹7₹192(+3.78%)
28 Sept 2026₹185₹6₹191(+3.24%)
27 Sept 2026₹185₹6₹191(+3.51%)
26 Sept 2026₹185₹6₹191(+3.24%)
25 Sept 2026₹185₹4₹189(+2.43%)
24 Sept 2026₹185₹9₹194(+4.86%)
23 Sept 2026₹185₹10₹195(+5.14%)
22 Sept 2026₹185₹8₹193(+4.32%)
21 Sept 2026₹185₹8₹193(+4.32%)
20 Sept 2026₹185₹3₹188(+1.62%)
19 Sept 2026₹185₹3₹188(+1.62%)
18 Sept 2026₹185₹5₹190(+2.7%)

Performance Swastika Infra

Issue PriceListing GainCurrent Market PriceP/L
Rs.175 - Rs.185₹ 200 (8.11%) ₹ 195.145.48%

About Swastika Infra

Swastika Infra Limited is an engineering, procurement, and construction (EPC) company engaged in power transmission and distribution infrastructure projects. Its services cover turnkey execution of power infrastructure projects, including procurement, supply, erection, installation, testing and commissioning. The company undertakes underground cabling work involving the laying and installation of high-voltage and low-voltage power cables, and construction of gas insulated, air insulated and grid substations. It also executes rural and urban electrification projects involving distribution networks, service connections, and feeder lines. Other areas of work include installation of street lighting systems and renewable energy projects. As of July 31, 2026, the company had executed 36 power distribution infrastructure projects across six Indian states, covering 18,579.47 km of distribution lines. It had 18 ongoing EPC Power Projects across six states as of the same date. The company was incorporated in August 2019 following the conversion of the partnership firm Swastika Electricals & Fertilizers.

Founded in1969
Managing directorMr Vinay Gupta
Parent organization

Financial Overview

Strengths

5
  1. 1

    Strong execution capabilities in turnkey power distribution infrastructure projects.

  2. 2

    Order book growth supported by state power utilities and multilateral funds.

  3. 3

    Geographical presence across multiple Indian states executing EPC contracts.

  4. 4

    Record of revenue growth and profitability in recent years.

  5. 5

    Integrated bulk procurement strategy for core materials like cables and transformers.

Risks

5
  1. 1

    Revenue is heavily concentrated from government-owned electricity utilities.

  2. 2

    Order book reliance on a few large-scale power projects.

  3. 3

    Execution is vulnerable to site delays, clearance issues, and weather disruptions.

  4. 4

    High working capital needs with exposure to bank guarantee requirements.

  5. 5

    Dependence on third-party subcontractors and suppliers for execution.

Subscription Figures

CategorySubscription (No. of times)
Qualified Institutional Buyers (QIBs)0.71
Non-Institutional Investors (NIIs)1.99
Retail Individual Investors (RIIs)0.74
EmployeeN/A
Total1