Swastika Infra Limited IPO Details

Factual IPO information from public filings. Not investment advice.

Issue Details

Price Band: ₹175 – ₹185
Lot Size: 81 shares
Min. Investment: ₹14,985
Total Issue Size: ₹160.88 Cr; 86,95,946 shares
Fresh Issue: ₹128.5 Cr; 69,45,946 shares
Offer for Sale: ₹32.38 Cr; 17,50,000 shares
Face Value: ₹10 per share
Issue Type: Book-built IPO
Listing At: BSE, NSE
Shares Pre-Issue: 2,71,74,242
Shares Post-Issue: 3,41,20,188

Lot Size & Investment

1 lot = 81 shares

Retail (min)

1 lot · 81 shares

Retail (max)

13 lots · 1,053 shares

S-HNI (min)

14 lots · 1,134 shares

Application	Lots	Shares	Amount
Retail	1	81	₹14,985
Small HNI (S-HNI)	14	1,134	₹2,09,790
Big HNI (B-HNI)	67	5,427	₹10,03,995

Financial Performance

Restated figures in ₹ crore, unless stated otherwise

Financial performance by period
Period	Mar-26	Mar-25	Mar-24
Assets	412.24	258.54	143.26
Total Income	505.57	352.6	211.33
Profit After Tax	41.43	27.45	13.98
EBITDA	70.85	43.89	23.71
Net Worth	156.78	77.02	49.57
Reserves & Surplus	129.6	52.27	24.82
Total Borrowing	114.64	111.02	43.82

Key Performance Indicators

Key performance indicators
Period	Mar-26
RoNW (%)	35.44
EPS (₹)	15.7
P/E (pre-issue)	11.78
P/E (post-issue)	15.24

About Swastika Infra Limited

Incorporated in August 2019, 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 has executed projects for government utilities including WBSEDCL, MGVCL, APDCL, GED, HPSEBL, UHBVN, JVVNL, UPCL, AVVNL, RSDCL, MSEDCL and RRVPNL. 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. Its in-house project engineers and managers oversee project execution, quality, design specifications and timelines. The Company has a dedicated team of 65 engineers and technicians across electrical, mechanical and civil disciplines. As of July 31, 2026, the Company had 182 full-time employees, including 65 Engineers & Technicians and 52 Project Execution Supervisors & Others. Competitive 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.