Swastika Infra IPO Details
IPO Overview
| Price Band | ₹175–₹185 |
|---|---|
| Lot Size | 81 shares |
| Min Investment | Min ₹14985 |
| GMP | ₹7 (3.78%) |
| Total Subscription | 0 times |
| Status | Upcoming |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 81 | 14985 |
| Retail (Max) | 13 | 1053 | 194805 |
| S-HNI (Min) | 14 | 1134 | 209790 |
| S-HNI (Max) | 66 | 5346 | 989010 |
| B-HNI (Min) | 67 | 5427 | 1003995 |
IPO Tentative Timetable
| IPO Open Date | Sep 23, 2026 |
|---|---|
| IPO Close Date | Sep 25, 2026 |
| Allotment Date | Sep 28, 2026 |
| Refund Initiation | Sep 29, 2026 |
| Listing Date | Sep 30, 2026 |
IPO Detail
| Face Value | ₹10 per share |
|---|---|
| Price Band | ₹175 to ₹185 |
| Lot Size | 81 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 86,95,946 shares (agg. up to ₹161 Cr) |
| Fresh Issue | 69,45,946 shares (agg. up to ₹129 Cr) |
| Offer for Sale | 17,50,000 shares of ₹10 (agg. up to ₹32 Cr) |
| Share Holding Pre Issue | 2,71,74,242 shares |
| Share Holding Post Issue | 3,41,20,188 shares |
Key Performance Indicators (KPI)
| K P I | Mar 31, 2026 |
|---|---|
| ROE | 35.44% |
| ROCE | 25.76% |
| Debt/Equity | 0.73 |
| RoNW | 35.44% |
| PAT Margin | 8.23% |
| EBITDA Margin | 14.07% |
| NAV | 57.69 |
| Price to Book Value | 3.21 |
Issue Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Offer |
| Retail | Not less than 35% of the Offer |
| NII | Not less than 15% of the Offer |
Company Financials (In Crore)
| Period Ended | Assets | Total Income | Profit After Tax | E B I T D A | N E T Worth | Reserves And Surplus | Total Borrowing |
|---|---|---|---|---|---|---|---|
| 31 Mar 2026 | 412.24 | 505.57 | 41.43 | 70.85 | 156.78 | 129.60 | 114.64 |
| 31 Mar 2025 | 258.54 | 352.60 | 27.45 | 43.89 | 77.02 | 52.27 | 111.02 |
| 31 Mar 2024 | 143.26 | 211.33 | 13.98 | 23.71 | 49.57 | 24.82 | 43.82 |
Objects of the Issue
| S. No. | Objects Of The Issue | Expected Amount (in Crores) |
|---|---|---|
| 1 | Funding of incremental working capital requirements of the company | 90.00 |
| 2 | General Corporate Purposes | |
| Total | 90.00 |
About Company
Incorporated in August 2019, Swastika Infra Limited is an engineering, procurement and construction (EPC) company specializing in power transmission and distribution (T&D) infrastructure projects.The Company provides turnkey EPC solutions covering the supply, erection, installation, testing and commissioning of power infrastructure. Its key areas of work include underground cabling, construction of Gas Insulated Substations (GIS), Air Insulated Substations (AIS) and Grid Substations, rural and urban electrification, street lighting and renewable energy works. Its projects involve installation of power transformers, circuit breakers, ring main units and other electrical infrastructure required for power distribution.
As of July 31, 2026, the Company had completed 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 order book comprised 18 ongoing EPC Power Projects across six states with an aggregate order value of ₹2,03,665 lakh. The Company has executed projects for government utilities including WBSEDCL, MGVCL, APDCL, GED, HPSEBL, UHBVN, JVVNL, UPCL, AVVNL, RSDCL, MSEDCL and RRVPNL. A significant portion of its projects are funded by the World Bank or supported by the Ministry of Power, Government of India.
The Company follows an asset-light business model, with erection work typically assigned to third-party contractors while its centralized procurement team supplies construction materials and electrical equipment. Its in-house project engineers and managers oversee project execution, quality, design specifications and timelines. The Company has a dedicated team of 65 engineers and technicians across electrical, mechanical and civil disciplines.
As of July 31, 2026, the Company had 182 full-time employees, including 65 Engineers & Technicians and 52 Project Execution Supervisors & Others.
Competitive Strengths
- Experienced promoters and management team.
- Asset-light business model with centralized procurement.
- Scalable business model supported by a strong order book.
- Proven execution track record across multiple Indian states.
- Established track record with government utilities and infrastructure clients.
- Strong project management and execution capabilities in EPC Power Projects.
- Diversified capabilities across power distribution, transmission and renewable energy.
Promoters
- Babulal Gupta, Vinay Gupta, Ruchira Gupta, Biren Parnami, Manoj Modi and Vatsalya Gupta.
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