Swastika Infra IPO
Market Sentiment
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Final |
|---|---|---|---|
| QIB | 0.69x | 1.00x | 3.31x |
| NII | 1.90x | 2.58x | 19.35x |
| bNII > ₹10L | 2.49x | 3.15x | 20.92x |
| sNII 2-10L | 0.73x | 1.46x | 16.20x |
| Retail | 0.71x | 1.59x | 5.64x |
| Total | 0.96x | 1.64x | 7.91x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 211.33 | 352.60 | 505.57 |
| Expense | 192.50 | 315.58 | 450.23 |
| Profit (PAT) | 13.98 | 27.46 | 41.43 |
| Total Assets | 143.26 | 258.54 | 412.24 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV |
|---|---|---|---|---|
| Swastika Infra This IPO | 12.14 | 15.24 | 35.44 | 57.69 |
| Rajesh Power Services Limited | 79.50 | 10.10 | 35.30 | 225.60 |
| Vikran Engineering Limited | 4.10 | 14.60 | 7.40 | 48.00 |
Promoters & Holding Pattern
Promoters: Babulal Gupta, Vinay Gupta, Ruchira Gupta, Biren Parnami, Manoj Modiand Vatsalya Gupta
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 2,07,90,000 | 76.51% |
| Promoter Holding Post Issue | 1,95,87,000 | 57.41% |
Strengths & Risks
- Strongly subscribed — 7.9x overall (final).
- Strong institutional (QIB) demand — 3.3x.
- Revenue grew 43% in the latest reported year.
- Solid profit margin — 8.2%.
- Strong return on equity — 35%.
Our data checks haven't flagged a specific concern for Swastika Infra — but that isn't a clean bill of health. Read the risk-factors section of the RHP, which lists company-specific risks our data can't capture.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About Swastika Infra
Swastika Infra Limited was founded in 1969 and made a reputation in the Power Distribution EPC infrastructure industry. Making large-scale power distribution infrastructure projects, they were turned into power EPC business in 2011. In 2019, they transferred their foundation into a company, as they are innovative and excellent regarding 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.
Company Contact Information
Swastika Infra IPO Limited, Plot No. 14 & 15 , First Floor,, Gajraj Apartment, Opp. Neelam Hotel,, Motilal Atal Road,, Jaipur – 302001, Rajasthan
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Funding of incremental working capital requirements of the Company. | 145.00 |
| General Corporate Purpose | - |
Resources & Documents
Anchor Investors
Swastika Infra IPO - Quick Take
Swastika Infra has set a price band of Rs 175–Rs 185 per share for an issue size of Rs 161 crore. The stock listed with a 8.11% gain versus its issue price on September 30, 2026.
The issue is promoted by Babulal Gupta, Vinay Gupta, Ruchira Gupta, Biren Parnami, Manoj Modiand Vatsalya Gupta with Srujan Alpha Capital Advisors LLP, PhillipCapital (India) Private Limited acting as lead manager. Net proceeds will primarily be used towards funding of incremental working capital requirements of the Company (Rs 145 crore) and general Corporate Purpose.
At the upper end of the price band, the issue is priced at a post-issue P/E of 15.24x. On fundamentals, the company is posting revenue growth of 43.4%, a profit margin of 8.2%, return on equity of 35.4% in its most recent reported period. Listed peers in this segment include Rajesh Power Services Limited (P/E 10.10x) and Vikran Engineering Limited (P/E 14.60x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
Swastika Infra IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 3.8%. Of the 32 Mainboard IPOs we have tracked with a final GMP under 10%, 19 listed above, 6 flat and 7 below the issue price; Swastika Infra listed 8.1% above its issue price.
See the full Swastika Infra GMP history and trend, or learn how grey market premium works and how reliable it is.
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