Swastika Infra came to market through an IPO that opened on 23 September 2026 and closed on 25 September 2026, and the shares listed on 30 September 2026 on BSE, NSE. The price band was ₹175 to ₹185 per share and one lot was 81 shares, so the minimum application was ₹14,985. The issue size was ₹160.88 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
It listed at ₹200, a gain of 8.1% against the issue price of ₹185. MUFG Intime India Pvt.Ltd was the registrar to the issue, and Srujan Alpha Capital Advisors LLP, PhillipCapital India Pvt.Ltd were the lead managers.
As of 25 September 2026.
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Overall the issue was subscribed 7.91 times.
Swastika Infra Limited is an Engineering, Procurement and Construction (EPC) company that operates in EPC power projects and the trading of electrical products, which was incorporated in August 2019. Verticals of Business: EPC Power Projects: The firm offers turnkey solutions for the procurement, supply, erection, installation, testing, and commissioning of power infrastructure projects. The projects include: Installation of underground cabling – Installing and commissioning high voltage/low voltage power cables in order to increase efficiency and reduce power losses.
Substation construction – Construction of gas insulated substation (GIS) and air insulated substation (AIS), installing of power transformers, circuit breakers and ring main units. Electrification of rural and urban areas – Expansion of electricity availability in rural and underdeveloped areas through distribution network, service connection and feeder lines through government schemes. Installation of lighting systems – Improvement of infrastructure in the urban/rural area through public lighting projects. Trading of Electrical Products:
Trading of electrical products includes procurement and sales of power cables and other electrical items. While the main vertical of business is EPC, it still remains one of the verticals. The total number of full-time employees as of February 28, 2025, was 104.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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Swastika Infra Limited finalised its anchor investor allocation on September 22, 2026, raising ₹48.26 crore from 6 institutional investors at an anchor price of ₹185 per share. The anchor book comprises 26,08,782 equity shares.
The allocation was led by Shine Star Build-Cap Private Limited, Minerva Ventures Fund, and Longthrive Capital VCC – Trendview Capital Fund, each receiving 20.72%, followed by Krone Finstock Private Limited at 17.11%, and Swyom India Alpha Fund and ASAS Global Fund Incorporated VCC Sub Fund, each at 10.36%.
Babulal Gupta, Vinay Gupta, Ruchira Gupta, Biren Parnami, Manoj Modi, Vatsalya Gupta. Promoter holding 76.51% before the issue and 57.41% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Swastika Infra IPO was a ₹160.88 crore book-built issue, comprising a fresh issue of ₹128.5 crore and an offer for sale of ₹32.38 crore. It was priced at ₹175–₹185 per share with a lot size of 81 shares (₹14,985). The IPO was open from September 23 to September 25, 2026 and was subscribed 7.91x. Shares listed on BSE and NSE on September 30, 2026 at ₹200, a 8.1% premium to the issue price of ₹185. MUFG Intime India Pvt. Ltd.
is the registrar. Srujan Alpha Capital Advisors LLP and PhillipCapital India Pvt. Ltd. are the book running lead managers.
The price band of Swastika Infra IPO is ₹175 to ₹185 per share.
The lot size of Swastika Infra IPO is 81 shares.
The minimum investment for Swastika Infra IPO is approximately ₹14,985 based on the upper price band.
The allotment date of Swastika Infra IPO is Sep 28, 2026.
No GMP quote could be verified as recorded before Swastika Infra IPO listed. A grey-market observation of ₹6 per share was recorded on 30 Sep 2026, 7:30 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹200. GMP is unofficial and does not forecast or guarantee the actual listing price.
Swastika Infra IPO listed on Sep 30, 2026. It was issued at ₹200.0(NSE) and is currently around ₹197.65 as on 30-Oct-2026 3:30 PM, which is approximately 6.8% versus issue price. The 52-week high is ₹254.70.
You can check Swastika Infra IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Swastika Infra IPO allotment status on Rupix for quick and easy access.
₹175 to ₹185 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 81 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,985.
₹14,985, for one lot of 81 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 23 September 2026 and closed on 25 September 2026.
The basis of allotment was published on 28 September 2026 by MUFG Intime India Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 30 September 2026 on BSE, NSE, opening at ₹200.
The issue size was ₹160.88 crore. The fresh issue was 69,45,946 shares (aggregating up to ₹128.5 crore). The offer for sale was 17,50,000 shares (aggregating up to ₹32.38 crore).
It listed at ₹200 against an issue price of ₹185, a gain of 8.1 percent on listing day.