ICICI Securities Limited
BSE

Swastika Infra Limited IPO

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  • IPO Open Date
  • 23rd Sep 2026
  • IPO Close Date
  • 25th Sep 2026
  • Allotment date
  • 28th Sep 2026
  • Listing date
  • 30th Sep 2026
  • Issue Size
  • ₹ 161 Cr.
  • Issue Price Band
  • ₹ 175 to 185
  • Lot Size
  • 81 Share
  • Minimum Investment
  • ₹ 14985

Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.

About Swastika Infra Limited

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.

EPC Power Projects covers a comprehensive range of activities, ensuring execution from procurement to commissioning. The company provides complete solutions on a turnkey basis, including the supply, erection, installation, testing, and commissioning of power infrastructure.

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.

Track Record

As of February 28, 2025, the company has a proven track record of 14 years in executing EPC Power Projects, covering a total of 8,519.50 circuit kilometers (CKM) of distribution lines.

Their portfolio includes thirty-four (34) successfully completed power distribution infrastructure projects across four (4) Indian states, with a total contract value of ₹60,410 Lakhs.

Geographic Expansion

The company began its operations with the first EPC project in Rajasthan in 2012 and has since expanded to other states, including Assam, Uttarakhand, West Bengal, Goa, Haryana, Himachal Pradesh, and Gujarat.

Workforce

As of February 28, 2025, the company had 104 full-time employees.

Competitive Strengths

  • Strong project management and execution capabilities with focus on EPC Power Projects for government clients
  • Scalable Business Model with Strategic Growth Initiatives
  • Strong and consistent financial performance
  • Asset-Light Business Model
  • Experienced Leadership and Strong Management Team

 

Read More

IPO Subscription Details

Category Shares Offered Shares Applied Subscription Times (x)
Updated on N/A

Grey Market Premium (GMP)

GMP Date IPO Price GMP Estimated Listing Price Estimated Profit* Last Updated
19-09-2026 ₹185 ₹5 ₹190 ( 2.70% ) ₹405.00 19-Sep-2026 09:55 AM
Disclaimer: Grey Market Premium (GMP) is an unofficial market indicator provided for informational purposes only. It may change at any time and should not be considered investment advice or a guarantee of listing gains. Please evaluate company fundamentals, financials, valuation, and subscription data, and consult a SEBI-registered financial advisor before making any investment decision.

Financials of Swastika Infra Limited

A quick overview of the key financial performance of Swastika Infra Limited.

Total Assets (₹ Cr)

Revenue (₹ Cr)

Profit after Tax (₹ Cr)

*All values are in Rs. Cr

Company Financials

Revenue increased by 44%, Profit after Tax (PAT) increased by 51%, Total Assets increased by 59% between FY2025 and FY2026.

Period Ended FY2024 FY2025 FY2026
Revenue 209.58 350.76 503.57
Assets 143.26 258.54 412.24
Total Income 211.33 352.60 505.57
Profit After Tax 13.98 27.45 41.43
EBITDA 23.71 43.89 70.85
Net Worth 49.57 77.02 156.78
Reserves & Surplus 24.82 52.27 129.60
Total Borrowings 43.82 111.02 114.64
Amount in ₹ Crore

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 81 ₹ 14,985
Retail (Max) 13 1,053 ₹ 1,94,805
S-HNI (Min) 14 1,134 ₹ 2,09,790
S-HNI (Max) 66 5,346 ₹ 9,89,010
B-HNI (Min) 67 5,427 ₹ 10,03,995

Key Performance Indicators (KPI)

KPI Latest
ROE (%) 35.44
ROCE (%) 25.76
Debt / Equity 0.73
RoNW (%) 35.44
PAT Margin (%) 8.23
EBITDA Margin (%) 14.07
Pre IPO
Post IPO
EPS (₹)
15.7
-
P/E (x)
-
-
Promoter Holding (%)
76.51
-
Disclaimer: KPI values are based on information disclosed in the IPO prospectus and are provided for informational purposes only.

IPO Lead Manager(s)

Lead Manager Details

  • Srujan Alpha Capital Advisors LLP

Lead Manager Details

  • PhillipCapital (India) Private Limited

IPO Registrar

  • Registrar Name
  • MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited)
  • Phone
  • +91 810 811 4949
  • Contact Person
  • Shanti Gopalkrishnan
  • SEBI Registration Number
  • INR000004058
  • Address
  • C-101, 1st Floor, 247 Park, Lal Bhadur Shastri Marg, Vikhroli (West), Mumbai 400 083, Maharashtra, India

Company Contact Details

  • Company Name
  • Swastika Infra Limited
  • Phone
  • +91 91161 35709
  • Contact Person
  • Shipra Gandhi
  • Corporate Identity Number
  • U51909RJ2019PLC065892
  • Address
  • Plot no.14 & 15, First Floor, Gajraj Apartment, Motilal Atal Road, Opposite Hotel Neelam, Jaipur - 302 001, Rajasthan, India

Swastika Infra Limited FAQs

The Swastika Infra Limited IPO is a MAIN IPO with a total issue size of ₹ 161 crores. The IPO price band is fixed at ₹175 to ₹ 185 per share, and the minimum lot size is 81 Shares. The Swastika Infra Limited IPO will open on 23rd Sep 2026, and will close on 25th Sep 2026. MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited) has been appointed as the registrar for the issue. The equity shares are proposed to be listed on BSE.

The Swastika Infra Limited IPO opens on 23rd Sep 2026 and closes on 25th Sep 2026.

The Swastika Infra Limited IPO lot size is 81 Share, and the minimum amount required for application is ₹ 14985.

You can apply for the Swastika Infra Limited IPO through your bank account using the ASBA facility or via your online trading and Demat account. To apply online, log in to your broker’s platform, select Swastika Infra Limited IPO, enter the number of lots, choose your price within the price band, and submit the application. After submitting, approve the UPI mandate to block the required amount in your bank account. Once the IPO allotment is finalised, shares will be credited to your Demat account if allotted. If not allotted, the blocked amount will be released automatically.

The Swastika Infra Limited IPO listing date is 30th Sep 2026.
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