Swastika Infra
MAINBOARD
Listed
Swastika Infra Limited is a company specializing in power distribution EPC infrastructure, with a strong track record in executing large-scale power projects. Founded in 1969, it transitioned into the power EPC business in 2011 and has since established itself as a reputable player in the industry.
Price Band
₹185
Lot Size
81 Shares
Issue Size
₹160.88 Cr
Fresh Issue
₹128.50 Cr
OFS
₹32.38 Cr
Registrar
AI Sentiment Score
Listing Price
₹200.00
vs Issue: ₹185 (+8.11%)
📅 IPO Timeline
✓
Open
Sep 23, 2026
✓
Close
Sep 25, 2026
✓
Allotment
Sep 28, 2026
✓
Refund
Sep 29, 2026
✓
Demat
Sep 29, 2026
✓
Listing
Sep 30, 2026
📈 Grey Market Premium (GMP) Trendline
Daily consensus GMP movement (₹) recorded across market sources
✨ AI Analysis & Prediction
🔒 Final Reconciled Estimate
Locked post-listing with actual debut performance
Swastika Infra displays an established operational footprint with expanding revenue streams (Positive) and a defensible value proposition.
💪 Strengths
- Demonstrated operational revenue trajectory with resilient top-line growth (Positive).
- Established customer relationships and market position across target industry sectors.
- Sound operational capital returns with Return on Capital Employed (ROCE) at 15.0%.
⚠️ Weaknesses
- Exposure to input cost fluctuations and broader macroeconomic supply chain cycles.
- Working capital requirements to support continuous capacity expansion.
- Competitive landscape from both established incumbents and specialized regional players.
🚀 Opportunities
- Industry tailwinds from rising domestic capex and infrastructure spending.
- Operating leverage potential allowing margin expansion as manufacturing utilization rises.
- Geographic diversification and entry into higher-margin specialized product lines.
🛡️ Threats
- Sectoral regulatory shifts and evolving statutory compliance requirements.
- Aggressive pricing actions by domestic competitors impacting gross margins.
- Broader market equity volatility and liquidity fluctuations.
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| Funding of incremental working capital requirements of the Company. | ₹128.09 |
| General Corporate Purpose | ₹32.79 |
📊 Key Financials
📋 Live Subscription Status
QIB
3.31x
NII
16.06x
Retail
5.44x
Total
7.80x
🎯 Retail Allotment Probability
18.4% Odds
1 in 5.4 chance (~18.4% probability per PAN)
SEBI Rule: Under SEBI lottery allotment rules, applying for multiple lots under Retail does NOT increase your lottery odds. All valid retail applicants have identical 1-lot odds per PAN.
Updated: Sep 30, 2026 3:04 PM
💼 Issue Structure & Reservation Quota
Capital Structure
₹160.9 Cr
Issue Size
Fresh (79.9%)
OFS (20.1%)
Reservation Quota
100%
Allocation
QIB (50%)
NII (15%)
Retail (35%)
QIB
50.00%
Retail
35.00%
NII
15.00%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
Swastika Infra has demonstrated significant revenue growth, with a notable increase from ₹352.60 crores in 2025 to ₹505.57 crores in 2026. The company's profitability has also improved, with PAT rising from ₹27.46 crores to ₹41.43 crores over the same period. The company's expertise in EPC and its commitment to sustainable energy solutions position it well for future growth.
The Swastika Infra IPO is structured with a significant portion as a fresh issue, indicating a focus on raising capital for growth initiatives. The strong subscription demand, particularly from QIBs and HNIs, reflects confidence in the company's prospects. However, the grey market premium is modest, suggesting that while there is interest, expectations for immediate post-listing gains are tempered.