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SWASTIKAIN · NSE,BSE · Multi Utilities
Swastika Infra IPO closed on 25 Sep 2026 with 7.91x overall subscription . The basis of allotment is on 28 Sep 2026 , and the stock will list on 30 Sep 2026 on NSE,BSE . The IPO price band was ₹175-₹185.
Swastika Infra IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 23 Sep 2026 |
| IPO Close Date | 25 Sep 2026 |
| Basis of Allotment | 28 Sep 2026 |
| Initiation of Refunds | 29 Sep 2026 |
| Credit of Shares to Demat | 29 Sep 2026 |
| Listing Date | 30 Sep 2026 |
Issue Size
8,695,946 shares
(aggregating up to ₹160.88 Cr)
Issue Price
₹175 – ₹185
Face Value
₹10/share
Market Lot
81 shares
Retail Min Investment
₹14,985
Listing At
NSE,BSE
Sale Type
both
Fresh Issue
6,945,946 shares
(aggregating up to ₹128.5 Cr)
Offer for Sale
1,750,000 shares
(aggregating up to ₹32.38 Cr)
Issue Type
book building
Open Date
23 Sep
Close Date
25 Sep
Allotment
28 Sep
Listing
30 Sep
Last updated: 13 hours ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 25 Sep 2026 Latest | ₹185 | ₹4.5 | ₹189.5 | ₹4.5 |
2.43%
|
7:11 PM |
| 25 Sep 2026 | ₹185 | ₹4.5 | ₹189.5 | ₹4.5 |
2.43%
|
6:15 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 25 Sep 2026
| Category | Subscribed (x) |
|---|---|
| QIB | 3.31x |
| NII | 19.35x |
| bNII (bids above ₹10L) | 20.92x |
| sNII (bids below ₹10L) | 16.2x |
| Retail Investors | 5.64x |
| Total | 7.91x |
Showing the latest subscription snapshot.
View full subscription historyBabulal Gupta, Vinay Gupta, Ruchira Gupta, Biren Parnami, Manoj Modi, Vatsalya Gupta
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 81 | ₹14,985 |
| Retail (Max) | 13 | 1,053 | ₹194,805 |
| S-HNI (Min) | 14 | 1,134 | ₹209,790 |
| S-HNI (Max) | 66 | 5,346 | ₹989,010 |
| B-HNI (Min) | 67 | 5,427 | ₹1,003,995 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 4,347,973 (50.00%) |
|
•
Anchor Investor Shares Offered
|
2,608,782 (30.00%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
1,739,191 (20.00%) |
| NII (HNI) Shares Offered | 1,304,392 (15.00%) |
|
•
bNII > ₹10L
|
869,595 (10.00%) |
|
•
sNII < ₹10L
|
434,797 (5.00%) |
| Retail Shares Offered | 3,043,581 (35.00%) |
| Total Shares Offered | 8,695,946 (100.00%) |
Swastika Infra Limited was incorporated in August 2019 and is headquartered in Jaipur, Rajasthan. It works in the power infrastructure sector as an engineering, procurement and construction (EPC) company specialising in power distribution projects.
The company provides end-to-end turnkey solutions covering procurement, supply, erection, installation, testing and commissioning of power infrastructure, including underground and overhead cabling work to enhance transmission efficiency and reduce power losses, along with the sale of electrical products. Many of its projects are funded by central and state governments or backed by the World Bank. The company is led by Babulal Gupta as Chairman and Vinay Gupta as Managing Director, with Ruchira Gupta as a Whole-time Director. The promoters are Babulal Gupta, Vinay Gupta, Ruchira Gupta, Biren Parnami, Manoj Modi and Vatsalya Gupta, who together held about 84% of the company before the offer.
Total income grew from Rs 59.5 crore in FY22 to Rs 211.33 crore in FY24, with PAT margins in the range of 6-7% over this period, as per the DRHP filed on March 30, 2025. The IPO is a mainboard book-built issue on the NSE and BSE, comprising a fresh issue of up to Rs 200 crore and an offer for sale of up to 19,20,000 equity shares by promoters Vinay Gupta, Ruchira Gupta, Biren Parnami and Manoj Modi, along with shareholders Ishaan and Ishita Bhartia, with the price band yet to be announced. Net proceeds from the fresh issue are proposed to be used for funding incremental working capital requirements and general corporate purposes.
Standalone · ₹ in Crores
| Particulars | FY Mar 2024 | FY Mar 2025 | FY Mar 2026 |
|---|---|---|---|
| Total Revenue | 211.33 | 352.6 | 505.57 |
| Profit After Tax (PAT) | 13.98 | 27.45 | 41.43 |
| EBITDA | 23.71 | 43.89 | 70.85 |
| Total Assets | 143.26 | 258.54 | 412.24 |
| Net Worth | 49.57 | 77.02 | 156.78 |
| Reserves & Surplus | 24.82 | 52.27 | 129.6 |
| Total Borrowing | 43.82 | 111.02 | 114.64 |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | Mar 2026 |
|---|---|
| RoE Return on Equity Shows how much profit the company makes on the money shareholders have put in. 15% to 20% is healthy in most industries. | 35.44% |
| RoCE Return on Capital Employed Shows the profit earned on all the money used, shareholder funds plus loans. Matters most for factory and infrastructure heavy companies. | 25.76% |
| RoNW Return on Net Worth Shows the profit earned on the company's own net worth. Steady or rising over 3 years is a good sign. | 35.44% |
| PAT Margin Profit After Tax Margin Out of every ₹100 of sales, how much the company keeps after paying all costs, loan interest and tax. | 8.23% |
| EBITDA Margin Earnings Before Interest, Tax, Depreciation and Amortisation Margin Profit from the main business as a share of sales, before loan interest and tax. Compare it with other companies in the same industry. | 14.07% |
| Debt / Equity Debt to Equity How much the company has borrowed against what shareholders own. Above 1x means the loans are bigger than shareholder funds. | 0.73x |
| P/BV Price to Book Value Tells you if the IPO price is above what the company actually owns. 1x to 3x is usually seen as reasonable. | 3.21x |
Issue-level · at the upper price band
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| EPS Earnings Per Share Profit the company earns on each share. Post-IPO EPS is usually lower because the issue adds new shares. | ₹15.25 | ₹12.14 |
| P/E Price to Earnings Tells you if the IPO price is fair for what the company earns. Compare it with listed companies in the same sector. | 12.13x | 15.24x |
| Market Cap Market Capitalisation What the whole company is valued at, at the upper price band. Post-IPO counts the new shares the issue creates. | ₹503 Cr | ₹631 Cr |
The basis of allotment for Swastika Infra IPO is scheduled for 28 Sep 2026. You can check your allotment status using your PAN number or application number on the MUFG Intime India Pvt.Ltd portal or BSE.
The Swastika Infra IPO is expected to open in Sep 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Swastika Infra IPO is ₹175.00 - ₹185.00 per share.
As per market sources, Swastika Infra IPO GMP is currently ₹4.50. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Swastika Infra IPO stands at 7.91x overall.
The listing date for Swastika Infra IPO is 30 Sep 2026.
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