Swastika Infra IPO
Swastika Infra Limited was founded in 1969 and made a reputation in the Power Distribution EPC infrastructure industry. After completing large-scale power distribution infrastructure projects, it transitioned into the power EPC business in 2011. In 2019, they transferred their foundation into a company, as they are innovative and excellent in their work.
IPO GMP
+₹7
+4% expected gain
Price Band
₹175 - ₹185
Lot Size
81 shares
Min Investment
₹14,985
Listing Date
September 30, 2026
About Swastika Infra
Company overview, business, and key facts.
Swastika Infra Limited was founded in 1969 and made a reputation in the Power Distribution EPC infrastructure industry. After completing large-scale power distribution infrastructure projects, it transitioned into the power EPC business in 2011. In 2019, they transferred their foundation into a company, as they are innovative and excellent in their work.
Due to 12 years of expertise in EPC, they are advanced in the conceptualization, design, supply, installation, testing, and commissioning of power projects on a turnkey basis. Their team of 100 employees, including 70 skilled professionals, is the foundation of its operations. Further, they are committed to shaping a strong future through sustainable and efficient energy solutions.
Founded
1969
Promoters
Babulal Gupta, Vinay Gupta, Ruchira Gupta, Biren Parnami, Manoj Modiand Vatsalya Gupta
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Strengths & Risks
Strengths
- Strong Project Execution Capabilities: The company possesses strong project management and project execution capabilities that enable it to execute full turnkey power distribution infrastructure projects.
- Growing Government-Funded Order Book: The company has a growing order book with projects funded by the central government as well as multilateral institutions. This ensures visibility in its project execution.
- Financial Performance: The company has maintained strong and consistent financial performance for the past period that has enabled it to grow in its EPC power infrastructure business.
Risks
- Dependency on Government Projects: The majority of revenues for the company come from projects either undertaken or awarded by government-owned utilities. Changes in government policies could lead to foreclosure, termination, restructuring, or renegotiation of its contracts that could materially affect its business and results of operations.
- Execution Risk of Large-Scale Projects: The company's order book includes some large-scale projects. Failure to successfully execute the projects could adversely affect its financial performance.
- Concentration of Order Book: The company's order book comprises some large-scale projects. Successful execution of these projects is important for its financial performance.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Swastika Infra IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹631.2 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
15.2x
Peer median 12.4x (premium of 22.6%)
Price to sales
1.25x
Revenue growth, 2026
+43.4%
54.7% a year over the period
Profit growth, 2026
+50.9%
72.1% a year over the period
Profit margin (PAT)
8.2%
EBITDA margin 14.07%
ROE / ROCE
35.44% / 25.76%
As published in the offer document
Debt to equity
0.73
Promoter holding
76.51% → 55.8%
Before → after the IPO
Issue mix
79.9% fresh / 20.1% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹567
81 shares on ₹14,985. GMP is unofficial.
What stands out
- Profit grew 50.9% in 2026.
- GMP has been rising over the last three readings.
Watch-outs
- Priced at a 22.6% premium to the peer median P/E of 12.4.
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
IPO Analysis SummaryAI-generated
A plain-language review of Swastika Infra's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Swastika Infra IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, Swastika Infra IPO is trading at a grey market premium (GMP) of +₹7 (+4% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 7.43x overall — QIB: 3.22x, NII: 18.43x, Retail: 5.08x.
Swastika Infra IPO subscription has closed. The shares are expected to list on September 30, 2026.
The minimum investment required is ₹14,985 for 81 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Key strengths include: Strong Project Execution Capabilities: The company possesses strong project management and project execution capabilities that enable it to execute full turnkey power distribution infrastructure projects.; Growing Government-Funded Order Book: The company has a growing order book with projects funded by the central government as well as multilateral institutions. This ensures visibility in its project execution.. Investors should note the following risks: Dependency on Government Projects: The majority of revenues for the company come from projects either undertaken or awarded by government-owned utilities. Changes in government policies could lead to foreclosure, termination, restructuring, or renegotiation of its contracts that could materially affect its business and results of operations.; Execution Risk of Large-Scale Projects: The company's order book includes some large-scale projects. Failure to successfully execute the projects could adversely affect its financial performance..
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Swastika Infra IPO — Frequently Asked Questions
What is Swastika Infra IPO GMP today?
Swastika Infra IPO GMP (grey market premium) today is +₹7, suggesting an estimated listing gain of +4%. GMP is indicative and subject to change.
What is the price band of Swastika Infra IPO?
The price band for Swastika Infra IPO is ₹175 - ₹185 with a lot size of 81 shares. The minimum investment required is ₹14,985.
When is Swastika Infra IPO allotment date?
Swastika Infra IPO allotment is expected to be finalised on September 28, 2026. You can check your allotment status on the registrar's website (MUFG Intime India Private Limited) using your PAN number.
When will Swastika Infra IPO list on NSE/BSE?
Swastika Infra IPO is expected to list on BSE & NSE on September 30, 2026.
How to check Swastika Infra IPO allotment status?
To check Swastika Infra IPO allotment status, visit the registrar's website (MUFG Intime India Private Limited) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Swastika Infra IPO?
Swastika Infra IPO has a GMP of +₹7. Before applying, review the company's financials, business model, issue structure (OFS vs fresh issue), and sector outlook. IPOLyst is not a SEBI-registered investment advisor — please consult a qualified financial advisor before investing.
What is the lot size of Swastika Infra IPO?
The lot size for Swastika Infra IPO is 81 shares per lot. The minimum investment for retail investors is ₹14,985. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.