SI
Swastika Infra IPO Listing Price, Gain & Allotment
Listed
Mainboard IPO
BSE, NSE
Listed 30 Sep 2026
· updated 1 month ago
Price band
₹175 – 185
GMP
+₹7
Est. listing price₹192
Est. listing gain3.78%
Issue size₹160.88 Cr
Swastika Infra IPO Details
Open DateWed, 23 Sep 2026
Close DateFri, 25 Sep 2026
Listing DateWed, 30 Sep 2026
Listing AtBSE, NSE
Price Band₹175 – 185 per share
Lot SizeAwaited
Min. InvestmentAwaited
Issue Size₹160.88 Cr
Swastika Infra IPO Dates & Timeline
Tentative dates follow SEBI's T+3 listing timelineIPO Opens
Wed, 23 Sep
IPO Closes
Fri, 25 Sep
Basis of Allotment
Mon, 28 Sep
Tentative
Refunds Initiated
Tue, 29 Sep
Tentative
Shares Credited to Demat
Tue, 29 Sep
Tentative
Listing Date
Wed, 30 Sep
Swastika Infra IPO GMP Today
All IPO GMP
GMP today
+₹7
Est. listing price
₹192
Est. gain %
3.78%
Est. profit / lot
—
GMP is an unofficial grey-market indicator and can change quickly. It does not guarantee listing gains.
Try the GMP calculator · What is GMP? · GMP of all IPOs
Final visitor sentiment
Visitor opinion poll, not investment advice.
Swastika Infra IPO GMP Trend
28 Sep – 30 Sep · +₹0.5| Date | GMP | Est. listing |
|---|---|---|
| Wed, 30 Sep | +₹7 | ₹192 |
| Tue, 29 Sep | +₹8 | ₹193 |
| Mon, 28 Sep | +₹6.5 | ₹191.5 |
Swastika Infra IPO Subscription Status
As of 25 Sep, 7:00 PM
Retail (RII)
5.39x
NII / HNI
18.50x
bHNI (>₹10L)
20.00x
sHNI (₹2–10L)
15.49x
QIB
3.22x
Total
7.60x
Times subscribed per category, from NSE (bids on NSE and BSE combined). Final figures after bidding closed.
Swastika Infra IPO Listing Price & Gain
Issue price₹185
Listing price (NSE)₹200
Listing gain+8.11%
Listing-day close₹210 (+13.5%)
The last GMP before listing (₹8) pointed to about ₹193; the shares opened 3.8 points above that estimate. How accurate is GMP?
Swastika Infra IPO Allotment Status
The registrar for this IPO is MUFG Intime (Link Intime). You can also check on the exchange websites using your PAN or application number.
New to this? Read how to check IPO allotment status or see all IPOs awaiting allotment.
Swastika Infra IPO analysis: what the numbers say
Swastika Infra is an engineering, procurement, and construction (EPC) firm that focuses on power transmission and distribution (T&D) infrastructure projects. The issue size is ₹160.88 Cr.
Revenue rose from ₹211.33 Cr in FY24 to ₹505.57 Cr in FY26, a compound annual growth of 54.7%. Profit after tax grew from ₹13.98 Cr to ₹41.43 Cr. That is a net profit margin of 8.2% in FY26. Borrowings were 0.73 times net worth at the end of FY26.
The issue closed subscribed 7.60x overall (QIB 3.22x, NII 18.50x and retail 5.39x). Swastika Infra listed at ₹200 on 30 Sep 2026, +8.1% against the issue price of ₹185. The last GMP before listing had pointed to about ₹193, so it opened 3.8 points above the grey market estimate. It closed the first day at ₹210 (+13.5%).
Worked out by IPO Darbaar from the offer document, exchange data and the latest GMP. For information only, not a recommendation.
Objects of the Swastika Infra IPO
- Funding of incremental working capital requirements of the Company. ~ Rs. 128.09 Cr.
- General Corporate Purposes.
Swastika Infra 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.
Risks
- The majority of the company's income comes from projects that are granted or undertaken by government utilities. Contracts may be foreclosed, terminated, reorganized, or renegotiated as a result of unfavorable changes in governmental regulations, which could have a significant impact on its operations and business.
- There are some large-scale projects in the company's current order book. Any obstacle or delay in carrying out these initiatives could have a negative impact on its financial situation.
- The company's financial performance depends on timely execution of certain of the large-scale projects in its order book. Its financial position could be negatively impacted by any major delay or obstacle affecting these projects.
Swastika Infra Financials
Restated, ₹ crore
FY24
FY25
FY26
Revenue Profit after tax
| Period ended | FY2431 Mar 2024 | FY2531 Mar 2025 | FY2631 Mar 2026 |
|---|---|---|---|
| Revenue | 211.33 | 352.6 | 505.57 |
| Profit after tax | 13.98 | 27.45 | 41.43 |
| Net worth | 49.57 | 77.02 | 156.78 |
| Total assets | 143.26 | 258.54 | 412.24 |
| Total borrowings | 43.82 | 111.02 | 114.64 |
| PAT margin | 6.62% | 7.79% | 8.19% |
Swastika Infra Key Performance Indicators (KPIs)
ROE35.44%
ROCE25.76%
RoNW35.44%
Debt / Equity0.73
About Swastika Infra IPO
Swastika Infra is a mainboard IPO worth ₹160.88 crore with a price band of ₹175 – 185 per share. The issue opens on 23 September 2026 and closes on 25 September 2026. Shares are expected to list on 30 September 2026 on BSE, NSE.
Swastika Infra IPO is a mainboard issue of Rs. 160.88 Cr (0.86 crore shares) by Swastika Infra Limited, incorporated in 2019, which is an engineering, procurement, and construction (EPC) firm that focuses on power transmission and distribution (T&D) infrastructure projects.
The company offers turnkey EPC solutions for electricity infrastructure supply, erection, installation, testing, and commissioning. Underground cabling, building Gas Insulated Substations (GIS), Air Insulated Substations (AIS), and Grid Substations, electrification of rural and urban regions, street lighting, and renewable energy projects are among its primary areas of activity. Power transformers, circuit breakers, ring main units, and other electrical infrastructure needed for power distribution are installed as part of its projects.
WBSEDCL, MGVCL, APDCL, GED, HPSEBL, UHBVN, JVVNL, UPCL, AVVNL, RSDCL, MSEDCL, and RRVPNL are among the government utilities for whom the company has completed projects. A significant portion of its projects are funded by the World Bank or supported by the Ministry of Power, Government of India.
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.
Swastika Infra IPO: FAQs
What is the subscription status of Swastika Infra IPO?
The issue closed subscribed 7.60x overall (QIB 3.22x, NII 18.50x and retail 5.39x). Figures are from NSE and cover bids on both exchanges.
What was the listing price of Swastika Infra IPO?
Swastika Infra listed at ₹200 on 30 Sep 2026, +8.1% against the issue price of ₹185. The last GMP before listing had pointed to about ₹193, so it opened 3.8 points above the grey market estimate. It closed the first day at ₹210 (+13.5%).
What is the price band of Swastika Infra IPO?
The Swastika Infra IPO price band is ₹175 – 185 per share and the issue size is ₹160.88 crore.
When does Swastika Infra IPO open and close?
Swastika Infra IPO opens for subscription on Wednesday, 23 September 2026 and closes on Friday, 25 September 2026. Bids are accepted until 5 PM on the closing day.
What is the Swastika Infra IPO allotment date?
The basis of allotment for Swastika Infra IPO is expected to have been finalised on Monday, 28 September 2026, one working day after the issue closes (SEBI T+3 timeline).
How to check Swastika Infra IPO allotment status?
Visit the website of the registrar, MUFG Intime (Link Intime), select Swastika Infra IPO and search by PAN or application number. You can also check on the IPO allotment status page or on the BSE and NSE websites.
When is Swastika Infra IPO listing date?
Swastika Infra shares listed on BSE, NSE on Wednesday, 30 September 2026 at ₹200 per share.
Is Swastika Infra a mainboard or SME IPO?
Swastika Infra is a mainboard IPO, listing on the main board of BSE, NSE.
Last updated 1 Oct 2026, 1:25 PM IST. GMP is unofficial and indicative; dates after the issue closes are tentative. Not investment advice.