Swastika Infra IPO Day 3: Subscription Status, Timeline & Key Issue Details
Swastika Infra' ₹160.87 crore initial public offering (IPO) entered its final day of public subscription today, September 25, 2026, with a price band of ₹175 to ₹185 per share. As of 10:18 A.M on the third day of bidding, the issue had been subscribed 1.84 times.
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:
|
Event |
Date |
|
Subscription Opening Date |
23 September 2026 |
|
Subscription Closing Date |
25 September 2026 |
|
Basis of Allotment Date |
28 September 2026 |
|
Refund Initiation Date |
29 September 2026 |
|
Credit of Shares |
29 September 2026 |
|
Listing on BSE and NSE |
30 September 2026 |
Note: The allotment and listing dates are tentative and may be revised.
Explore other Upcoming IPOs on BSE and NSE.
Swastika Infra IPO Day 3 Subscription Status
[September 25, 2026, 10:18 A.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
1.00x |
|
Non-Institutional Investors (NIIs) |
2.90x |
|
Retail Individual Investors (RIIs) |
1.85x |
|
Total |
1.84x |
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. It provides turnkey services covering procurement, supply, installation, testing, and commissioning of electrical infrastructure.
Its 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, the company had completed 36 projects across six Indian states, executed 18,579.47 km of distribution lines, and had an order book of 18 ongoing projects worth ₹2,036.65 crore.
Key Financial Highlights
|
Particulars |
FY26 (in ₹ crore) |
FY25 (in ₹ crore) |
FY24 (in ₹ crore) |
|
Revenue from operations |
487.82 |
339.04
|
188.28 |
|
EBITDA |
70.85 |
43.89 |
23.71 |
|
Profit After Tax (PAT) |
41.43 |
27.45 |
13.98 |
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
To read the RA disclaimer, please click here