Swastika Infra Limited IPO Subscription Update: Issue Subscribed 0.96x on Day 1
Information Subscription
On the first day, Varmora Granito Limited received bids for 12,34,035 shares against 17,88,572 shares available for subscription, according to NSE data. The retail investor category was subscribed 0.71, while the Non-Institutional Investor (NII) category and Qualified Institutional Buyer (QIB) portion had received 1.90 and 0.69 bids at the time of the update. Investors can also visit our IPO page to track subscription updates and other upcoming public issues.
| SR. NO. | CATEGORY | NO OF TIMES OF TOTAL MEANT FOR THE CATEGORY |
|---|---|---|
| 1. | Qualified Institutional Buyers (QIBs) | 0.69 |
| 2. | Non-Institutional Investors | 1.90 |
| 3. | Retail Individual Investors (RIIs) | 0.71 |
| - | Total | 0.96 |
Swastika Infra IPO Overview & Purpose
Swastika Infra Limited is an engineering, procurement and construction (EPC) company focused on power transmission and distribution infrastructure projects. Its IPO is worth around Rs.160.88 crore, comprising a fresh issue of Rs.128.50 crore and an offer for sale of Rs.32.38 crore. The price band is fixed at Rs.175–Rs.185 per share, with a lot size of 81 shares. The IPO opened on September 23 and will close on September 25, 2026. The company plans to use the fresh issue proceeds primarily to meet its working capital requirements. The shares are proposed to be listed on the NSE and BSE.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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