Swastika Infra IPO Day 1: Subscription Status, Timeline & Key Issue Details

Swastika Infra's ₹160.87 crore initial public offering (IPO) opened for public subscription today, September 23, 2026, with a price band of ₹175 to ₹185 per share. As of 10:10 A.M. on the first day of bidding, the issue had been subscribed 0.02 times.

The IPO will remain open until September 25, 2026. The basis of allotment is expected to be finalised on September 28, 2026, and the shares are tentatively scheduled to be listed on the BSE and NSE on September 30, 2026.

Swastika Infra IPO - Issue Details

• Issue Type: Book Built Issue (Fresh Issue + OFS)
• Total Issue Size: Up to ₹160.87 crore
• Fresh Issue: Up to ₹128.50 crore 
• Offer for Sale (OFS): Up to ₹32.38 crore
• Face Value: ₹10 per equity share
• Price Band: ₹175 to ₹185 per share
• Lot Size: 81 shares
• Minimum Investment Amount (Retail Investor): ₹14,985 (81 shares at the upper price)
• Listing: BSE, NSE
• Book Running Lead Managers: Srujan Alpha Capital Advisors LLP., Phillip Capital India Private Limited
• Registrar: MUFG Intime India Private Limited

Swastika Infra IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Swastika Infra IPO Day 1 Subscription Status

[September 23, 2026, 10:10 A.M.]

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

• Funding incremental working capital requirements of the company
• General corporate purposes.

About Swastika Infra Limited

Incorporated in 2019, Swastika Infra Limited is an EPC company specialising in power transmission and distribution infrastructure projects. It provides turnkey services covering procurement, supply, erection, installation, testing, and commissioning of electrical infrastructure.

The company's project portfolio includes underground cabling, gas-insulated and air-insulated substations, rural and urban electrification, street lighting, and renewable energy infrastructure.

As of July 31, 2026, Swastika Infra had over 15 years of industry experience and had executed 18,579.47 km of distribution lines. It had completed 36 projects across six Indian states with a cumulative contract value of ₹764.67 crore. Its order book included 18 ongoing projects worth ₹2,036.65 crore, with ₹916.55 crore in expected revenue from the unexecuted portion of existing contracts.

Key Financial Highlights 

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.   

To read the RA disclaimer, please click here