Swastika Infra IPO Day 1: Subscription Opens Today, 23 September 2026
- September 23, 2026
- Posted by: Harsh Piplani
- Category: IPO
Swastika Infra IPO opens today, 23 Sep 2026, closes 25 Sep 2026. Price band Rs 175-185. Lot size 81 shares. Lists on BSE and NSE on 30 Sep.
Quick Answer
The Swastika Infra IPO opens for subscription today, 23 September 2026, and will remain open until 25 September 2026. Swastika Infra Limited is an engineering, procurement and construction company specialising in power transmission and distribution infrastructure projects, and is raising about Rs 160.88 crore through a combination of fresh issue and offer for sale. The price band is set at Rs 175 to Rs 185 per share, with a lot size of 81 shares, and the shares are proposed to list on both BSE and NSE. Since bidding has only just opened, subscription figures will start reflecting real demand as the day progresses, so investors should track the live numbers through the session before deciding.
Swastika Infra Limited, incorporated in August 2019, has opened its IPO for subscription today, 23 September 2026. The Swastika Infra IPO is a mainboard, book built issue worth about Rs 160.88 crore, comprising a fresh issue of about 69.46 lakh shares worth Rs 128.50 crore and an offer for sale of about 17.50 lakh shares worth Rs 32.38 crore, and will remain open for bidding until 25 September 2026. The equity shares are proposed to be listed on both BSE and NSE.
The company provides turnkey EPC solutions for power transmission and distribution infrastructure, covering underground and overhead distribution lines up to 33 kV, gas insulated and air insulated substations, electrification, street lighting and renewable energy related works, including installation of power transformers, circuit breakers and ring main units. Its order book is weighted toward central government and multilateral institution funded projects. The fresh issue proceeds of the Swastika Infra IPO are earmarked mainly for working capital requirements.
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Swastika Infra IPO Details
The table below sets out the key parameters of the issue, including the price band, lot size and important dates.
| Open Date | 23 September 2026 |
| Close Date | 25 September 2026 |
| Face Value | Rs 10 per share |
| Price Band | Rs 175 to Rs 185 per share |
| Lot Size | 81 shares |
| Issue Size | Rs 160.88 crore |
| Issue Type | Book Built Issue |
| Listing At | BSE and NSE |
| Allotment Date | 28 September 2026 |
| Listing Date | 30 September 2026 |
Swastika Infra IPO Quick Facts
| Particulars | Snapshot |
|---|---|
| Minimum retail investment | Rs 14,985 (1 lot, 81 shares) |
| Registrar | MUFG Intime India Pvt Ltd |
| Lead Managers | Srujan Alpha Capital Advisors LLP, PhillipCapital (India) Pvt Ltd |
This snapshot is meant as a quick reference alongside the fuller details table above, so investors scanning the issue on mobile can find the essentials without scrolling through the whole page.
Swastika Infra IPO Share Reservation
The issue follows the standard SEBI reservation framework for a book built mainboard issue, with allocations for qualified institutional buyers, non-institutional investors and retail individual investors.
Swastika Infra IPO Subscription Status Day 1
Bidding for the issue has opened today, 23 September 2026, so the category wise numbers below will fill in as the session progresses. QIB and larger HNI bids typically build closer to the final day of a book built mainboard issue.
| Investor Category | Subscription Status, Day 1 (23 Sep) |
|---|---|
| Qualified Institutional Buyers (QIB) | Bidding just opened, updating through the session |
| Non-Institutional Investors (NII) | Bidding just opened, updating through the session |
| Retail Individual Investors | Bidding just opened, updating through the session |
| Overall | Bidding just opened, updating through the session |
Track Subscription Status for the issue on the Univest Screener
How to Apply for the Swastika Infra IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 175 to Rs 185 band, in multiples of 81 shares.
- Submit the application through the UPI-based ASBA method, which blocks the bid amount in your bank account rather than debiting it immediately.
- Approve the UPI mandate on your phone before the daily cut off time, and remember the issue closes on 25 September.
Download the Univest iOS App or Univest Android App to apply for the issue on its opening day.
Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
About Swastika Infra Limited
Swastika Infra Limited, incorporated in August 2019, provides turnkey EPC solutions for power transmission and distribution infrastructure, including underground cabling, substations, electrification and renewable energy related works. The company reported total income of Rs 505.57 crore in FY26, up from Rs 352.60 crore in FY25, with profit after tax rising to Rs 41.43 crore, ahead of the issue.
Conclusion
The issue has opened for bidding today, 23 September 2026, backed by a growing order book in India’s power transmission and distribution infrastructure segment. Investors considering the issue should study the company’s government project concentration and risk factors in the RHP on bseindia.com and nseindia.com, and apply only after independent due diligence.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the Swastika Infra IPO subscription status on Day 1?
Ans. The issue opened for bidding today, 23 September 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live QIB, NII and retail numbers on BSE and NSE as the day progresses.
When does the Swastika Infra IPO open and close?
Ans. The issue opened for subscription today, 23 September 2026, and will close on 25 September 2026, a standard three day bidding window for a mainboard issue.
What is the Swastika Infra IPO price band and lot size?
Ans. The issue price band is Rs 175 to Rs 185 per share, with a lot size of 81 shares, taking the minimum retail investment to about Rs 14,985 at the upper price band.
What is the issue size and structure of the Swastika Infra IPO?
Ans. The issue is worth about Rs 160.88 crore, comprising a fresh issue of about 69.46 lakh shares worth Rs 128.50 crore and an offer for sale of about 17.50 lakh shares worth Rs 32.38 crore.
What is the Swastika Infra IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision, especially this early in the bidding window.
How do I apply for the Swastika Infra IPO?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method. Select the IPO, enter your bid quantity in multiples of 81 shares and your price within the Rs 175 to Rs 185 band, then approve the UPI mandate before the daily cut off.
When will the Swastika Infra IPO be allotted and listed?
Ans. The issue allotment is expected to be finalised on 28 September 2026, and the shares are tentatively scheduled to list on both BSE and NSE on 30 September 2026.
What does Swastika Infra Limited do?
Ans. Swastika Infra Limited is an engineering, procurement and construction company specialising in power transmission and distribution infrastructure projects, offering turnkey solutions from supply through commissioning.
Who are the registrar and lead managers for the Swastika Infra IPO?
Ans. MUFG Intime India Pvt Ltd is the registrar for the issue, while Srujan Alpha Capital Advisors LLP and PhillipCapital (India) Pvt Ltd are the book running lead managers for the issue.
What was Swastika Infra Limited’s recent financial performance?
Ans. Swastika Infra Limited reported total income of Rs 505.57 crore in FY26, up from Rs 352.60 crore in FY25, with profit after tax rising to Rs 41.43 crore ahead of the issue.
