Minimum Investment
About Company
Company Name: Swastika Infra Limited
Industry / Sector: Engineering, Procurement & Construction (EPC) - Power Transmission & Distribution
Founded Year: August 2019
Promoters: Babulal Gupta, Vinay Gupta, Ruchira Gupta, Biren Parnami, Manoj Modi, Vatsalya Gupta
Swastika Infra Limited is an engineering, procurement and construction (EPC) company specializing in power transmission and distribution (T&D) infrastructure projects. The Company provides turnkey EPC solutions covering the supply, erection, installation, testing and commissioning of power infrastructure. Its key areas of work include underground cabling, construction of Gas Insulated Substations (GIS), Air Insulated Substations (AIS) and Grid Substations, rural and urban electrification, street lighting and renewable energy works. Its projects involve installation of power transformers, circuit breakers, ring main units and other electrical infrastructure required for power distribution. As of July 31, 2026, the Company had completed 36 EPC Power Projects across six Indian states, covering 18,579.47 km of distribution lines, with an aggregate contract value of ₹76,467 lakh. Its order book comprised 18 ongoing EPC Power Projects across six states with an aggregate order value of ₹2,03,665 lakh. The Company follows an asset-light business model, with erection work typically assigned to third-party contractors while its centralized procurement team supplies construction materials and electrical equipment. As of July 31, 2026, the Company had 182 full-time employees, including 65 Engineers & Technicians and 52 Project Execution Supervisors & Others.
IPO Basic Details
| Company Name | Swastika Infra Limited |
| IPO Type | Mainboard IPO |
| Price Band | ₹175 – ₹185 |
| Lot Size | 81 Shares |
| Total Issue Size | 86,95,946 Equity Shares (₹160.88 Cr) |
IPO Strengths & Risks
Strengths
- Experienced promoters and management team
- Asset-light business model with centralized procurement
- Scalable business model supported by a strong order book
- Proven execution track record across multiple Indian states
- Established track record with government utilities and infrastructure clients
- Strong project management and execution capabilities in EPC Power Projects
- Diversified capabilities across power distribution, transmission and renewable energy
Risks
- High dependence on government and public sector projects
- Project execution and cost overrun risks
- Geographical concentration risk
- Working capital intensive business model
- Competitive bidding environment in EPC sector
- Raw material price fluctuations and supply chain disruptions
IPO Important Dates
| IPO Open Date | 23 Sep 2026 |
| IPO Close Date | 25 Sep 2026 |
| Basis of Allotment | 28 Sep 2026 |
| Refund Initiation | 29 Sep 2026 |
| Demat Credit Date | 29 Sep 2026 |
| Listing Date | 30 Sep 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – Balance Amount
Investor Reservation
| QIB Quota | Not more than 50% of the Offer |
| Retail Quota | Not less than 35% of the Offer |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 81 | ₹14,985 |
| Retail Maximum | 13 Lots | 1053 | ₹1,94,805 |
| S-HNI Minimum | 14 Lots | 1134 | ₹2,09,790 |
| S-HNI Maximum | 66 Lots | 5346 | ₹9,89,010 |
| B-HNI Minimum | 67 Lots | 5427 | ₹10,03,995 |
Key Performance Indicators (KPI)
| ROE | 35.44% |
| ROCE | 25.76% |
| RoNW | - |
| PAT Margin | 8.23% |
| EBITDA Margin | 14.07% |
| EPS | ₹15.70 (Pre-IPO), ₹12.14 (Post-IPO) |
| NAV per share | - |
| Debt to Equity | 0.73 |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| FY2026 | ₹412.24 Cr | ₹505.57 Cr | ₹41.43 Cr | ₹70.85 Cr | ₹156.78 Cr | ₹114.64 Cr |
| FY2025 | ₹258.54 Cr | ₹352.60 Cr | ₹27.45 Cr | ₹43.89 Cr | ₹77.02 Cr | ₹111.02 Cr |
| FY2024 | ₹143.26 Cr | ₹211.33 Cr | ₹13.98 Cr | ₹23.71 Cr | ₹49.57 Cr | ₹43.82 Cr |
Grey Market Premium
| GMP Price | Not Available |
| Kostak Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | Not Available |
| Estimated Listing Price | TBA |
IPO Subscription Data
| Total Subscription | Pending |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| Anchor | - |
IPO Intermediaries
Registrar: MUFG Intime India Pvt. Ltd.
Registrar Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
IPO Lead Manager(s)
Company Information
Address: Plot no.14 &15, First Floor, Gajraj Apartment, Motilalatal Road, Opposite Hotel Neelam, Jaipur, Rajasthan - 302001
Website: https://www.swastikainfra.com
Email: cs@swastikainfra.com
Phone: +91 9116135709
IPO Documents
Frequently Asked Questions (FAQ)
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