Swastika Infra IPO 2026: Price Band, Issue Size, Dates, Lot Size & Listing Details

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Swastika Infra Limited IPO
SI
Swastika Infra Limited IPO
Power Transmission & Distribution EPC · Substation Infrastructure · Jaipur, Rajasthan
📋 Mainboard IPO Fresh + OFS BSE, NSE
₹185
Upper Price
₹160.88 Cr
Issue Size
Sep 30, 2026
Listing Date
₹502.72 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative
🟢
IPO Opens
Wednesday, 23 September 2026
Bidding starts — apply before close
🔒
IPO Closes
Friday, 25 September 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Monday, 28 September 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Tuesday, 29 September 2026
Unallotted funds returned; shares credited to demat
🏷️
Wednesday, 30 September 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date23 September 2026 (Wed)
IPO Close Date25 September 2026 (Fri)
Listing Date30 September 2026 (Wed)
Face Value₹10 per share
Price Band₹175 to ₹185
Issue Price (Upper Band)₹185 per share
Issue TypeBookbuilding IPO
Lot Size81 shares
Total Issue Size86,95,946 shares (₹160.88 Cr)
Fresh Issue69,45,946 shares (₹128.50 Cr)
Offer for Sale (OFS)17,50,000 shares (₹32.38 Cr)
Pre-Issue Shares2,71,74,242
Post-Issue Shares3,41,20,188
Promoter Holding (Pre)76.51%
Market Cap (Pre-IPO)₹502.72 Cr
Listing ExchangeBSE, NSE
Lead ManagerSrujan Alpha Capital Advisors LLP
RegistrarMUFG Intime India Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹185
Investor TypeLotsSharesAmount
Individual (Retail) — Min181₹14,985
Individual (Retail) — Max131,053₹1,94,805
S-HNI (sNII) — Min141,134₹2,09,790
S-HNI (sNII) — Max665,346₹9,89,010
B-HNI (bNII) — Min675,427₹10,03,995
⚠️ Note: Investors can bid for a minimum of 81 shares and in multiples thereof.
👥 Investor Reservation
Allocated portion of Net Offer
Not more than 50%
QIB Portion
Not less than 35%
Retail Portion
Not less than 15%
NII Portion
📊 Subscription Status
Loading…
📈 Company Financials
Restated · ₹ Crore
Metric31 Mar 202631 Mar 202531 Mar 2024
Total Assets412.24258.54143.26
Total Income505.57352.60211.33
PAT41.4327.4513.98
EBITDA70.8543.8923.71
Net Worth156.7877.0249.57
Reserves & Surplus129.6052.2724.82
Total Borrowing114.64111.0243.82
Income Trend
FY 2023–24₹211.33 Cr
FY 2024–25₹352.60 Cr
FY 2025–26₹505.57 Cr
🎯 Key Performance Indicators
35.44%
ROE
Mar 31, 2026
0.73
Debt/Equity
Mar 31, 2026
25.76%
ROCE
Mar 31, 2026
8.23%
PAT Margin
Mar 31, 2026
14.07%
EBITDA Margin
Mar 31, 2026
35.44%
RoNW
Mar 31, 2026
3.21x
Price/Book
Mar 31, 2026
57.69
NAV
Mar 31, 2026
⚖️ Valuation & EPS
Pre-IPO EPS
₹15.25
Based on pre-issue shares
P/E: 12.13x
Post-IPO EPS
₹12.14
Based on post-issue shares
P/E: 15.24x
Price to Book Value
3.21x
At upper price band ₹185
Market Cap (Pre-IPO)
₹502.72 Cr
At issue price ₹185
ℹ️ Pre-IPO EPS (₹15.25) is based on pre-issue shares (2,71,74,242) and applicable earnings. Post-IPO EPS (₹12.14) accounts for the dilution resulting from the issuance of 69,45,946 fresh equity shares extending the total post-issue equity to 3,41,20,188 shares. Post-IPO Market Cap expands to ₹631.22 Cr at the upper issue price of ₹185.
🎯 Objects of the Issue
Net proceeds utilisation
1
Funding of incremental working capital requirements of the Company
₹128.09 Cr
2
General Corporate Purposes
Balance
Total Net Proceeds Goal ₹128.09 Cr
🏢 About Swastika Infra Ltd.
Est. 2019 · Jaipur, Rajasthan · Power Transmission & Distribution EPC

Swastika Infra Limited, incorporated in August 2019, operates as an engineering, procurement and construction (EPC) company specializing in power transmission and distribution (T&D) infrastructure projects. The company delivers end-to-end turnkey EPC solutions encompassing the supply, erection, installation, testing, and commissioning of power infrastructure. Its primary areas of operation include underground cabling, construction of Gas Insulated Substations (GIS), Air Insulated Substations (AIS), grid substations, rural and urban electrification, street lighting, and renewable energy integrations.

As of July 31, 2026, the company had successfully executed 36 EPC power projects across six Indian states, covering 18,579.47 km of distribution lines with an aggregate contract value of ₹76,467 lakh. Its active order book stood at 18 ongoing EPC projects with a total value of ₹2,03,665 lakh. Operating on a capital-efficient, asset-light business model with centralized procurement and in-house project monitoring, the company serves marquee government utilities such as WBSEDCL, MGVCL, APDCL, and JVVNL, with substantial backing from World Bank-funded and Ministry of Power-supported programs. The enterprise employs 182 full-time staff, including a dedicated team of 65 engineers and technicians.

Brand Ecosystem
⚡
Underground Cabling & T&D
Executing extensive power distribution line installations covering over 18,579 km across India.
🏭
Substation Engineering
Construction of Gas Insulated Substations (GIS), Air Insulated Substations (AIS), and Grid Substations.
💡
Electrification & Renewables
Turnkey urban and rural electrification, smart street lighting networks, and renewable energy integration.
🏗️
Asset-Light EPC Model
Centralized material procurement combined with third-party erection overseen by in-house engineering teams.
Competitive Strengths
🏆Robust order book exceeding ₹2,036 Cr supporting high revenue visibility across multi-state government utilities.
⚙️Asset-light operating structure driven by centralized procurement, minimizing capital expenditure risks.
📋Proven execution pedigree delivering 36 large-scale EPC power projects funded by World Bank and Power Ministry schemes.
📈Experienced promoter leadership supported by an in-house engineering and supervisory team of over 117 personnel.
Company Promoters
BG
Babulal Gupta & Vinay Gupta
Promoters, Swastika Infra Ltd.
RG
Ruchira Gupta, Biren Parnami, Manoj Modi & Vatsalya Gupta
Promoters, Swastika Infra Ltd.
📅 Key Dates
IPO Opens23 Sep 2026
IPO Closes25 Sep 2026
Allotment28 Sep 2026
Refund & Share Credit29 Sep 2026
Listing Day30 Sep 2026
💡 Quick Summary
Price Band₹175 – ₹185
Upper Price₹185 / share
Lot Size81 shares
Min. Investment (Retail)₹14,985 (1 Lot)
Issue Size₹160.88 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Registrar
MUFG Intime India Pvt.Ltd.
📞 022-49186000
[email protected]
Lead Manager
Srujan Alpha Capital Advisors LLP
📍 Registered Address
Swastika Infra Ltd.
Plot no.14 & 15, First Floor, Gajraj Apartment,
Motilalatal Road, Opposite Hotel Neelam,
Jaipur, Rajasthan — 302001
📞 +91 9116135709
[email protected]
🛡️ Regulatory Note: IPO investments are subject to market risks and SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️ Disclaimer: This page presents publicly available information from the Swastika Infra IPO RHP for informational purposes only. This format is generated adhering to the required structure as specified in the IPO NEW FORMAT source file. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
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