IPO profile
Swastika Infra Limited
SWASTIKAIN · NSE
- Price band
- ₹175 - ₹185
- Subscription
- 5.86x
Application & Issue Details
- Minimum Quantity
- 81 shares
- Minimum Application
- ₹14,985
- Issue Size
- Rs. 161 Cr
- Face Value
- Not available
- Issue Price
- ₹185
Company Overview
Swastika Infra is an engineering, procurement, and construction company that specializes in power distribution infrastructure projects on a turnkey basis and trades in electrical products. Its primary business activity involves executing power infrastructure contracts, including underground cabling, gas-insulated and air-insulated substations, rural and urban electrification, and street lighting system installations. The company generates revenue by delivering end-to-end EPC services—from design, procurement, and supply to erection, testing, and commissioning—and through the sale of electrical products such as cables and circuit breakers. Serving state electricity distribution companies, central government-backed initiatives, and multilateral bank-funded developments, it operates across multiple Indian states. Supported by internal operational and project execution capabilities, the company focuses on securing government utility contracts while utilizing bulk procurement strategies to manage material requirements for its power projects.
Important Dates
- Open Date
- 23 Sept 2026
- Close Date
- 25 Sept 2026
- Allotment Date
- Not available
- Listing Date
- 30 Sept 2026
Issue Timeline
- Issue open date
- Issue close date
- UPI mandate deadline
- Allotment finalization
- Refund initiation
- Share credit
- Listing date
- Mandate end date
- Lock-in end date for anchor investors (50%)
- Lock-in end date for anchor investors (remaining)
Subscription
- QIB
- 2.63x
- NII
- 15.06x
- Retail
- 3.73x
- Total
- 5.86x
Updated 25 Oct 2026, 12:08 pm · source: nse
Actual Listing Performance
- Listing Date
- 30 Sept 2026
- Actual Listing Price
- ₹200
- Gain/Loss Per Share
- +₹15
- Gain/Loss Per Lot
- +₹1,215
- Listing Gain/Loss %
- +8.11%
- Measured Against
- ₹185
- Lot Size
- 81 shares
Historical result from the reported listing price, compared with the issue price. Excludes brokerage, taxes and charges.
Company Strengths & Risks
Reported strengths
- Strong execution capabilities in turnkey power distribution infrastructure projects.
- Order book growth supported by state power utilities and multilateral funds.
- Geographical presence across multiple Indian states executing EPC contracts.
- Record of revenue growth and profitability in recent years.
- Integrated bulk procurement strategy for core materials like cables and transformers.
Key risks
- Revenue is heavily concentrated from government-owned electricity utilities.
- Order book reliance on a few large-scale power projects.
- Execution is vulnerable to site delays, clearance issues, and weather disruptions.
- High working capital needs with exposure to bank guarantee requirements.
- Dependence on third-party subcontractors and suppliers for execution.
Company strengths and risks are informational summaries. Review the offer document for complete disclosures.
Documents & Coverage
IPO data last updated 25 Oct 2026, 12:08 pm IST · GMP: ipoalerts · subscription: nse · listing price: NSE/BSE
This page is for informational and educational purposes only. It is not investment advice and not a recommendation to buy, sell, or apply for this IPO. GMP and subscription figures are unofficial/may change. Please make your own independent decision.