About Swastika Infra Ltd IPO
Swastika Infra IPO is a mainboard book-built issue comprising a fresh issue of up to ?128.50 crore and an offer for sale of up to ?32.38 crores. The Equity Shares are proposed to be listed on the BSE and NSE. Srujan Alpha Capital Advisors LLP and PhillipCapital (India) Private Limited are acting as the Book Running Lead Managers, while MUFG Intime India Private Limited is the Registrar to the Issue.
The company is promoted by Babulal Gupta, Vinay Gupta, Ruchira Gupta, Biren Parnami, Manoj Modi and Vatsalya Gupta.
The funds raised through the fresh issue are intended to support the Company's working capital requirements and general corporate purposes. The proceeds from the offer for sale will be received by the respective selling shareholders and will not form part of the Company's funds.
About Swastika Infra Limited
Incorporated in 2019, Swastika Infra Limited operates in the power infrastructure sector, undertaking EPC assignments related to transmission and distribution networks. The Company provides turnkey solutions covering the procurement, supply, erection, installation, testing and commissioning of power infrastructure. The Company undertakes a range of projects, including underground power cabling, GIS/AIS and grid substations, electrification initiatives in rural and urban areas, street lighting systems and renewable energy infrastructure.
While the Company was incorporated in 2019, its business operations in the power distribution sector date back to 2012. With around 15 years of experience in EPC power projects, Swastika Infra has executed 36 power distribution infrastructure projects across six Indian states, covering approximately 18,579.47 kilometres of distribution lines. As of July 31, 2026, the Company had 18 ongoing EPC Power Projects across six states, with an aggregate order book of ?2,03,665 lakh. Its project portfolio includes assignments for several government power utilities and infrastructure agencies across India.
The Company began its journey in the electrical trading business and entered the power distribution sector in 2012 by undertaking smaller EPC projects. Its projects have included work for organisations such as WBSEDCL, MGVCL, APDCL, JVVNL, AVVNL, MSEDCL and RRVPNL, among others.
Swastika Infra follows an asset-light operating model and has an in-house team of engineers and technicians supporting the design, engineering, construction and execution of its projects. The Company also undertakes select projects through project-specific joint ventures where additional technical or qualification requirements are involved, while generally retaining responsibility for project execution and delivery.
As of July 31, 2026, Swastika Infra had a workforce of 182 full-time employees, comprising 65 engineers and technicians and 52 personnel involved in project execution and other functions.
Swastika Infra IPO is a mainboard book-built issue comprising a fresh issue of up to ?128.50 crore and an offer for sale of up to ?32.38 crores. The Equity Shares are proposed to be listed on the BSE and NSE. Srujan Alpha Capital Advisors LLP and PhillipCapital (India) Private Limited are acting as the Book Running Lead Managers, while MUFG Intime India Private Limited is the R
Swastika Infra IPO Subscription Breakdown
| Investory Category | Subscription Percentage | Amount Raised (₹ Crores) |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 50% | 43,47,973 crores |
| Non-Institutional Investors (NIIs) | 15% | 13,04,391.9 crores |
| Retail Individual Investors (RIIs) | 35% | 30,43,581.1 crores |
Swastika Infra IPO Strengths & Weaknesses
Over 15 years of experience in power EPC, with 36 projects completed and 18 projects under execution as of July 31, 2026, covering approximately 18,579.47 km of distribution lines.
Established relationships with government utilities and public sector entities, including WBSEDCL, MGVCL, APDCL, JVVNL, AVVNL, MSEDCL and RRVPNL.
Healthy order book of ?2,03,665 lakh as of July 31, 2026, comprising 18 ongoing projects across six states.
Revenue from operations increased from ?20,957.53 lakh in Fiscal 2024 to ?50,357.32 lakh in Fiscal 2026.
An asset-light business model helping limit capital requirements while providing flexibility to scale operations based on project needs.
Experienced leadership team with expertise across EPC execution, project management, finance and business development supports the Company's growth strategy.
Swastika Infra IPO Important Dates & Issue Details
| Allotment Date | Listing Date | Refund Date |
|---|---|---|
| 28 Sep '26 | 30 Sep '26 | 29 Sep '26 |
| Issue Composition: | |
|---|---|
| Face Value | ₹10 per share |
| Total Issue Size | 86,95,946 shares (aggregating up to To be announced) |
| Fresh Issue | 6,94,594.6 shares (aggregating up to ₹69,45,946 crores) |
| Offer for Sale | 1,75,000 shares of ₹10 (aggregating up to ₹17,50,000 crores) |
| Issue Type | Book Building IPO |
| Post-Issue Shareholding Pattern: | |
|---|---|
| Pre-Issue Shareholding | 100 shares |
| Post-Issue Shareholding | 100 shares |
Swastika Infra IPO Lot Size and Investment Details
| Minimum Lot Size | 81 shares |
| Maximum Lot Size (Retail) | -- |
The lot size of Swastika Infra ipo has been designed to ensure broad participation while maintaining optimal price discovery.
How to Apply for Swastika Infra IPO
- Log in to your Choice account
- Select IPO
- Enter the number of lots and your price
- Verify UPI ID
- Complete the transaction on your UPI app
Swastika Infra IPO Contact & Registrar Details
Contact Details
Address
Plot no.14 &15, First Floor, Gajraj Apartment Motilalatal Road Opposite Hotel Neelam Jaipur
Phone Number
Registrar Details
Registrar Name
MUFG Intime India Pvt.Ltd.
Phone Number
Swastika Infra Lead Manager(s)
| Book Running Lead Manager(s) |
|---|
| Srujan Alpha Capital Advisors LLP | PhillipCapital India Pvt.Ltd. |