Swastika Infra Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹175 – ₹185
- Lot size
- 81 shares
- Issue amount
- ₹160.87 cr
- Total subscription
- 7.91×
- Opens
- 23 Sept 2026
- Closes
- 25 Sept 2026
- Allotment
- 28 Sept 2026
- Listing
- 30 Sept 2026
Offer at a glance
Issue overview
- Issue size
- 86,95,946 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,175
- Fresh issue
- ₹128.5 cr
- Offer for sale
- ₹32.38 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,985
- Issue type
- Bookbuilding IPO
- Shares before issue
- 2,71,74,242
- Shares after issue
- 3,41,20,188
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 81 | ₹14,985 |
| sHNI | 14 | 1,134 | ₹2,09,790 |
| bHNI | 67 | 5,427 | ₹10,03,995 |
Share reservation
Subscription & GMP
Subscription by category
Reported 25 Sept 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 37,575 | 1,86,297 |
| HNIs(10L +) | 767 | 3,292 |
| HNIs (2-10L) | 383 | 6,104 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 32.18 | 106.48 |
| RETAIL | 56.31 | 317.48 |
| NIB | 24.13 | 464.87 |
| HNIs 2+ | 8.04 | 130.31 |
| HNIs 10+ | 16.09 | 336.51 |
| HNIs | 24.13 | 466.82 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 15.7 | 11.09 | 5.65 |
| ROE | 0 | 0 | 0 |
| ROCE | 25.76 | 23.14 | 25.15 |
| RONW | 35.44 | 43.36 | 32.84 |
| PRE IPO(PE) | 11.78 | 0 | 0 |
| POST IPO(PE) | 15.24 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Rajesh Power Services Limited | 10.1 | 804 | 10 | 225.60 | 35.30 | 79.50 |
| Vikran Engineering Limited | 14.6 | 59.2 | 1 | 48 | 7.40 | 4.1 |
| Swastika Infra Limited | 11.78 | 185 | 10 | 57.70 | 35.40 | 15.70 |
Company information
Company profile
Swastika Infra Limited, incorporated in August 2019, is an Engineering, Procurement, and Construction (EPC) company focused on power distribution infrastructure projects and the sale of electrical products. The Company provides end-to-end turnkey solutions covering procurement, supply, erection, installation, testing and commissioning of power infrastructure. Its EPC services include underground cabling, construction of GIS and AIS substations, rural and urban electrification projects, and street lighting installation. Along with EPC power projects, the Company also trades electrical products such as power cables and other electrical items, with EPC activities forming the core of its business.
Strengths
- Strong Project Execution Capabilities: The company has strong project management and execution expertise, enabling it to handle end-to-end power distribution infrastructure projects.
- Growing Government-Funded Order Book: The company has a growing order book with projects funded by central government agencies and multilateral institutions. This provides visibility for ongoing and upcoming project execution.
- Consistent Financial Performance: The company has maintained steady financial performance, supporting its operations and continued growth in the EPC power infrastructure business.
Risk factors
- Dependence on Government Projects: A major portion of the company’s revenue comes from projects awarded by government utilities. Changes in government policies could lead to contracts being terminated, restructured or renegotiated, affecting business and financial performance.
- Large-Scale Project Execution Risk: The company’s current order book includes several large-scale projects. Any delay or difficulty in completing these projects could negatively affect its financial position and results.
- Order Book Concentration Risk: A significant part of the order book is linked to large projects, making timely execution important. Any major delay or disruption in these projects could impact the company’s financial performance.
Promoters
Babulal Gupta
Vinay Gupta
Ruchira Gupta
Biren Parnami
Manoj Modi
Vatsalya Gupta
Registrar & documents
Lead manager
PhillipCapital (India) Private Limited, Srujan Alpha Capital Advisors LLP
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot no.14 &15, First Floor, Gajraj Apartment Motilalatal Road, Opposite Hotel Neelam, Jaipur, Rajasthan, India Jaipur, Rajasthan, 302001
+91 9116135709
[email protected]Company website ↗Understanding SWASTIKAIN IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.