Swastika Infra (Mainboard IPO)
📅 Dates: 23 - 25 Sep • 💰 Issue Size: 86,95,945 shares (agg. up to ₹161 Cr)Complete guide to Swastika Infra Mainboard IPO: latest Grey Market Premium (GMP), live bidding subscription status, price band, lot size, financial report, and investment analysis.
📊 Overview & Key Highlights
| Parameter | Details |
|---|---|
| Issue Type | Mainboard IPO (BSE, NSE) |
| Issue Dates | 23 - 25 Sep |
| Price Band | ₹175 to ₹185 |
| Total Issue Size | 86,95,945 shares (agg. up to ₹161 Cr) |
| Minimum Market Lot | 81 shares (Min. Inv: ₹14,985) |
| Listing Price (Debut) | ₹209.90 (+₹9.80 (+4.90%) 🚀) |
| Subscription Status | 7.80x (Final / Bidding Closed) |
| Investor Demand Rating | ⭐⭐⭐☆☆ (3/5 - Moderate Demand) |
📈 Live Subscription Demand
| Category | Subscription Multiplier (x) |
|---|---|
| Qualified Institutional (QIB) | 3.31x |
| Non-Institutional / HNI | 19.30x |
| Retail Individual (RII) | 5.44x |
| Total Subscription | 7.80x (Updated: 07 Oct, 16:51) |
🎯 Investment Analysis & Verdict
📌 Business Model & Revenue Streams
Swastika Infra is an EPC contractor that builds power transmission and distribution networks, handling everything from underground cabling and substations to rural electrification and urban street lighting. State electricity boards, public utilities, and municipal corporations pay them to execute these turnkey infrastructure projects.🚀 Key Strengths & Growth Drivers
• Direct tailwinds from massive government spending on power sector modernization, loss reduction, and smart metering rollouts across states.• An execution-heavy track record that has steadily fattened their order book over the last few years, giving medium-term revenue visibility.
⚠️ Key Risks & Red Flags
• State utility clients are notorious for slow payment cycles, which can trap working capital and leave the balance sheet bleeding if receivables stall.• Working in the EPC space means thin operating margins that are vulnerable to sudden spikes in raw material costs like copper, aluminum, and steel.
🎯 Retail Verdict
This is a standard mainline infrastructure issue with cyclical exposure, making it better suited for tactical listing gains rather than a buy-and-hold compounding thesis. Given the inherent cash flow risks in government contracting, retail investors should look closely at the subscription numbers and market mood before committing capital.📅 Tentative Timetable
| Event | Tentative Date |
|---|---|
| IPO Open | Wed, Sep 23, 2026 |
| IPO Close | Fri, Sep 25, 2026 |
| Allotment | Mon, Sep 28, 2026 |
| Refund | Tue, Sep 29, 2026 |
| Credit of Shares | Tue, Sep 29, 2026 |
| Listing | Wed, Sep 30, 2026 |
💼 Market Lot & Investment Sizing
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 81 | ₹14,985 |
| Retail (Max) | 13 | 1053 | ₹1,94,805 |
| S-HNI (Min) | 14 | 1134 | ₹2,09,790 |
| S-HNI (Max) | 66 | 5346 | ₹9,89,010 |
| B-HNI (Min) | 67 | 5427 | ₹10,03,995 |
💰 Financial Summary
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 156.06 | 143.26 | 97.96 | 81.69 |
| Total Income | 100.52 | 211.33 | 154.32 | 59.54 |
| Profit After Tax | 5.97 | 13.98 | 10.25 | 2.95 |
| NET Worth | 55.52 | 49.57 | 35.59 | 20.57 |
| Reserves and Surplus | 30.77 | 24.82 | 10.84 | 0.57 |
| Amount in ₹ Crore |
🏢 About Swastika Infra
Swastika Infra operates as an engineering, procurement, and construction (EPC) specialist focused on the power infrastructure sector. The company delivers comprehensive turnkey solutions encompassing underground cabling, the construction of air and gas-insulated substations, rural and urban electrification initiatives, and municipal street lighting installations, alongside the trading of essential electrical products. Since its inception, the firm has successfully executed dozens of major contracts across multiple states, supported by a growing order book and a dedicated technical workforce.💬 Community Discussion & Views
Are you planning to apply for the Swastika Infra IPO? Share your bidding strategy, allotment status, or listing expectations with fellow investors in the replies below!👉 Browse all upcoming Mainboard & SME IPOs on UNP
Disclaimer: All IPO details provided above are for educational and informational purposes only. Readers are advised to consult their financial advisors and review the Red Herring Prospectus (RHP) before investing.
📌 Thread Quick Navigation: Post #2: Live & Historic GMP | Post #3: Subscription Stats | Post #4: Allotment Status | Post #5: Listing Debut | Post #6: Community & Social Reviews
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