Swastika Infra IPO Details

Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |

Swastika Infra IPO Logo

SEBI has approved the Initial Public Offer (IPO) of Swastika Infra Ltd. on August 8, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.

Swastika Infra Ltd. IPO is a Book Build Issue

The equity shares are proposed to be listed on NSE and BSE. Srujan Alpha Capital Advisors LLP is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Swastika Infra IPO DRHP for more details.

IPO Details

IPO Date[.]
Listing Date[.]
Face Value10 per share
Price Band
Lot Size
Sale TypeOFS only
Issue TypeBookbuilding IPO
Listing AtBSE, NSE

IPO DRHP Status

DescriptionDate
Filed with SEBI/ExchangeTue, Apr 1, 2025
SEBI/Exchange approval receivedFri, Aug 8, 2025

IPO Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50% of the Offer
Retail Shares Offered Not less than 35% of the Offer
NII Shares OfferedNot less than 15% of the Offer

About Swastika Infra Ltd.

Incorporated in August 2019, Swastika Infra Limited is an Engineering, Procurement, and Construction (EPC) company specializing in power distribution infrastructure projects (EPC Power Projects) and the sale of electrical products.

Business Verticals:

  • EPC Power Projects: The company provides end-to-end turnkey solutions covering procurement, supply, erection, installation, testing, and commissioning of power infrastructure. The scope of work includes:
    • Underground cabling work – Laying, installation, and commissioning of high-voltage/low-voltage power cables to enhance efficiency and reduce power losses.
    • Construction of substations – Execution of Gas Insulated Substations (GIS) and Air Insulated Substations (AIS), including installation of power transformers, circuit breakers, and ring main units.
    • Rural and urban electrification projects – Expanding electricity access in underserved regions by implementing distribution networks, service connections, and feeder lines under government schemes.
    • Installation of street lighting systems – Enhancing urban and rural infrastructure through public lighting projects.
  • Sale of Products: The company is engaged in the trading of electrical products, including the procurement and sale of power cables and other electrical items. While the primary focus is on EPC projects, this segment remains part of its operations.

Projects & Presence:

  • Completed Projects: Since 2012, the company has completed 34 EPC Power Projects across four Indian states, covering 8,519.50 circuit kilometres (CKM) with a total contract value of ₹60,410 Lakhs.
  • Ongoing Projects: As of February 28, 2025, The company has 12 ongoing EPC Power Projects across five Indian states with an aggregate order value of Rs 1,47,815 Lakhs.
  • Notable Projects:
    • System Strengthening Works of Jaipur JCC Circle under Jaipur Discom in Rajasthan.
    • Supply contract for rural electrification work in Dausa District.
    • Rural electrification works in Sikar under Ajmer Discom, Rajasthan.
    • Supply, erection, testing & commissioning of SCADA-compatible equipment in Jaipur City Circle (Divisions III, IV, and V).

Operations & Workforce:

As of February 28, 2025, the company had 104 full-time employees.

Company Financials (Restated Consolidated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets156.06143.2697.9681.69
Total Income100.52211.33154.3259.54
Profit After Tax5.9713.9810.252.95
NET Worth55.5249.5735.5920.57
Reserves and Surplus30.7724.8210.840.57
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Funding of incremental working capital requirements of the Company. 145.00
2 General corporate purposes.

Key Performance Indicator (KPI)

KPIMar 31, 2024
ROCE25.15%
Debt/Equity0.88
RoNW32.84%
PAT Margin6.67%
Pre IPOPost IPO
Promoter Holding84%
Babulal Gupta, Vinay Gupta, Ruchira Gupta, Biren Parnami, Manoj Modi and Vatsalya Gupta are the company promoters.

IPO Registrar

MUFG Intime India Pvt.Ltd.

Contact Details

Swastika Infra Ltd. Address
Plot no.14 &15, First Floor, Gajraj Apartment
Motilalatal Road, Opposite Hotel Neelam,
Jaipur, Rajasthan, India
Jaipur, Rajasthan, 302001
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IPO FAQs

Swastika Infra IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .

The Swastika Infra IPO open and close dates are not available as of now.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Swastika Infra IPO using UPI as a payment gateway. Zerodha customers can apply in Swastika Infra IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Swastika Infra IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Swastika Infra IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Swastika Infra IPO dates are not announced. Please check back again after some time.

Swastika Infra IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Swastika Infra IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Swastika Infra IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Swastika Infra IPO allotment status.

The Swastika Infra IPO listing date is not yet announced. The tentative date of listing is .

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