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Swastika Infra Limited

MainboardlistedNSE · BSE
23 Sep 2026 – 25 Sep 2026
LISTED
Offer Price
₹175–185
Bid lot
81
Min Application
₹14,985
Issue Size
₹161 Cr

Key dates

Open date
23 Sep 2026
Done
Close date
25 Sep 2026
Done
Basis of allotment
28 Sep 2026
Done
Initiation of refunds
28 Sep 2026
Done
Credit to demat
28 Sep 2026
Done
Listing date
30 Sep 2026
Done

Issue reservation

₹161 Cr
QIB 50%10%5%Retail 35%
QIB
43.5 L sh · ₹80.50 Cr
50%
HNI (10L+)
8.7 L sh · ₹16.10 Cr
10%
HNI (2-10L)
4.3 L sh · ₹8.05 Cr
5%
Retail
30.4 L sh · ₹56.35 Cr
35%
Applications required for 1× subscription
Retail (≤₹2L)
37,576 forms
S-HNI (₹2–10L)
383 forms
B-HNI (>₹10L)
160 forms
From this issue's reservation split and lot size — the minimum bid each category can place.
BRLM: Srujan Alpha Capital Advisors Llp · PhillipCapital (India) Private Limited

Lot ladder — how much to bid

1 lot = 81 shares
Retail · Up to ₹2 L1–13 lots
Min · 1 lot
81 sh · ₹14,985
Max · 13 lots
1,053 sh · ₹1,94,805
S-HNI · ₹2 L to ₹10 L14–66 lots
Min · 14 lots
1,134 sh · ₹2,09,790
Max · 66 lots
5,346 sh · ₹9,89,010
B-HNI · Above ₹10 L67+ lots
Min · 67 lots
5,427 sh · ₹10,03,995
Entry point
₹10,03,995 onward

Issue details

Lead managersSrujan Alpha Capital Advisors Llp, PhillipCapital (India) Private Limited
Fresh issue69,45,946 sh · ₹129 Cr
Offer for sale17,50,270 sh · ₹32 Cr
Face value₹10
Listing onNSE · BSE
RegistrarMUFG Intime India Pvt.Ltd.
Live subscription
FinalUpdated 25 Sep 2026
7.91×
0×1×2×3×+
Heavily subscribed
Book₹112.62 Cr
Subscribed₹890.78 Cr
Applications2,22,430

Share-wise

by category
CategoryBook SizeSubscriptionNo. of Times
QIB (Ex. Anchor)
17,39,326₹32.18 Cr
57,55,941₹106.48 Cr
3.31×
HNI
13,04,433₹24.13 Cr
2,52,33,525₹466.82 Cr
19.34×
HNI (10L+)
8,69,622₹16.09 Cr
1,81,89,522₹336.51 Cr
20.92×
HNI (2-10L)
4,34,811₹8.04 Cr
70,44,003₹130.31 Cr
16.20×
Retail
30,43,676₹56.31 Cr
1,71,60,822₹317.48 Cr
5.64×
Total
60,87,435₹112.62 Cr
4,81,50,288₹890.78 Cr
7.91×

*QIB Book Size EXCLUDES the anchor portion of 26,08,782 shares, from the actual anchor allotment.

Application-wise

CategoryReq 1×TotalTimes
HNI (10L+)1603,29220.57×
HNI (2-10L)3836,10415.94×
Retail37,5761,86,2694.96×

Total applications: 1,95,665

Subscription Demand

in ₹ crore
CategoryApplied
QIB106.48
HNI466.82
HNI (10L+)336.51
HNI (2-10L)130.31
Retail317.48
Total890.78

Amounts at the upper band (₹185). Times figures are computed from the shares this page shows so Book × Times = Subscribed always cross-checks.

Grey-market sentiment
No grey-market data yet.
Financials

Particulars

FY26

FY25

FY24

Assets

412.24

258.54

143.26

Total Income

505.57

352.6

211.33

PAT

41.43

27.45

13.98

Net Worth

156.78

77.02

49.57

Reserves & Surplus

129.6

52.27

24.82

Total Borrowings

114.64

111.02

43.82

Objects of the issue
  • Funding working capital requirements – ₹90 crore

  • General corporate purposes

About the company

Incorporated in August 2019, Swastika Infra Limited is an Engineering, Procurement & Construction (EPC) company focused on power transmission and distribution (T&D) infrastructure. It provides turnkey solutions covering the supply, erection, installation, testing and commissioning of power infrastructure.

Its key areas include underground cabling, GIS/AIS and grid substations, rural and urban electrification, street lighting and renewable energy projects.

As of July 31, 2026, the Company had completed 36 EPC power projects across six states, covering 18,579 km of distribution lines with an aggregate contract value of ₹76,467 lakh. Its order book stood at 18 ongoing projects, with an aggregate order value of ₹2,03,665 lakh.

The Company follows an asset-light business model, with third-party contractors handling erection activities while in-house teams manage procurement, engineering, project execution, quality and timelines. It had 182 employees, including 65 engineers and technicians, as of July 31, 2026.

Company strengths

  • Experienced promoters and management team.

  • Asset-light and scalable business model.

  • Strong order book supporting growth visibility.

  • Proven EPC execution across multiple states.

  • Established government utility relationships.

  • Diverse presence in power and renewable energy.

Promoters

Babulal GuptaVinay GuptaRuchira GuptaBiren ParnamiManoj ModiVatsalya Gupta.

Registered office & contact

Swastika Infra Limited

Address - Plot no.14 &15, First Floor,

Gajraj Apartment, Motilalatal Road

Opposite Hotel Neelam

Jaipur, Rajasthan, 302001

📞 +91 9116135709

✉️ cs@swastikainfra.com

Documents

Filed with SEBI / the exchange by the issuer. Opens on the issuer's or the regulator's site.

How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the Swastika Infra Limited IPO?

One lot of 81 shares — ₹14,985 at the upper price band of ₹185.

How many bids can I place?

Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.

When are the funds debited?

Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.

When will the shares list?

Tentative listing on 2026-09-30 on NSE / BSE.

₹175–185
Applications are closed.