Swastika Infra IPO Listing: Shares Debut at 8.11% Premium on NSE, BSE

Swastika Infra IPO Listing Today: The IPO closed subscription at 7.60 times overall on 25 September 2026. Here is a recap of the offer itself, the terms of the Swastika Infra IPO listing, and how the stock actually traded once it opened on 30 September.

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Swastika Infra IPO Listing: Issue Details

Swastika Infra Limited raised Rs 161 crore, made up of a fresh issue of shares worth about Rs 145.44 crore and an offer for sale of the balance by the promoters. The issue listed on both the NSE and the BSE, with a tentative listing date of 30 September 2026. Bidding ran from 23 September 2026 to 25 September 2026, at a price band of Rs 175 to Rs 185 per share.

Particular	Detail
Allotment Date	28 September 2026
IPO Open Date	23 September 2026
IPO Close Date	25 September 2026
Issue Size	Rs 161 crore
Lot Size	81 shares
Issue Price	Rs 185 per share
Issue Type	Bookbuilding IPO
Listing At	NSE, BSE
Listing Date	30 September 2026

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Swastika Infra IPO Listing Price and Performance

Shares of the Swastika Infra IPO listing opened at Rs 200 on both the NSE and the BSE, an 8.11 percent premium over the Rs 185 issue price. That premium came in ahead of the muted grey market indication seen just before listing, making it a pleasant surprise for an issue with only moderate subscription.

About the Swastika Infra IPO

Swastika Infra Limited traces back to a 1969 electrical partnership firm in Jaipur before its conversion into the current company in 2019, and it now executes turnkey engineering, procurement and construction projects for power transmission and distribution, including underground cabling, gas insulated and air insulated substations, rural and urban electrification and solar park power evacuation. Government utility projects made up close to 97 percent of FY26 revenue, and the order book stood at about Rs 917 crore as of 31 July 2026. Promoters of the company are Babulal Gupta, Vinay Gupta, Ruchira Gupta, Biren Parnami, Manoj Modi and Vatsalya Gupta. Srujan Alpha Capital Advisors is the book running lead manager for the issue.

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Swastika Infra Limited Financials

Here is how Swastika Infra Limited has performed financially, useful context for anyone weighing the Swastika Infra IPO listing.

Year Ended	31 Mar 2026 (Rs cr.)	31 Mar 2025 (Rs cr.)	31 Mar 2024 (Rs cr.)
Revenue	505.57	352.60	211.33
Profit After Tax	41.43	27.45	13.98
EBITDA	70.85	43.89	23.71

Explanation
Revenue more than doubled over two years, from Rs 211.33 crore in FY24 to Rs 505.57 crore in FY26, while profit after tax rose almost threefold, from Rs 13.98 crore to Rs 41.43 crore, taking the PAT margin from 6.67 percent to 8.23 percent. Operating cash flow was negative in all three years, though, including a sharp outflow of Rs 76.54 crore in FY25, as working capital tied up in receivables kept rising alongside revenue, a pattern worth watching after the Swastika Infra IPO listing.

Grey market premium (GMP) is an unofficial, unregulated indicator for the Swastika Infra IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data around the Swastika Infra IPO listing can go through other relevant sources, though such figures should never be the sole basis for an investment decision.

FAQs

What was the Swastika Infra IPO listing price?

Ans. Swastika Infra shares listed at Rs 200 on both the NSE and the BSE, an 8.11 percent premium over the Rs 185 issue price.

Was the Swastika Infra IPO listing a premium or a discount?

Ans. It was a premium listing on both exchanges, and it beat the muted grey market indication that had been seen just before the debut.

How much was the Swastika Infra IPO subscribed?

Ans. The IPO was subscribed 7.60 times overall by the close of bidding on 25 September 2026.

What is the issue price of the Swastika Infra IPO?

Ans. The issue price was fixed at Rs 185 per share, the top of the Rs 175 to Rs 185 price band.

What is the lot size of the Swastika Infra IPO?

Ans. The lot size was 81 shares, meaning a minimum retail investment of about Rs 14,985 at the upper price band.

Who is the registrar for the Swastika Infra IPO?

Ans. The issue was handled with MUFG Intime India involved in the allotment process.

What does Swastika Infra do?

Ans. Swastika Infra is a Jaipur based EPC company executing power transmission and distribution projects, including underground cabling, substations and rural electrification, mainly for government utilities.

Where can I track the Swastika Infra share price now?

Ans. You can track it on the NSE and BSE, or through the Univest platform.

Should I hold shares after the Swastika Infra IPO listing?

Ans. That depends on your own risk appetite and time horizon. Worth weighing the persistent negative operating cash flow against the strong revenue and profit growth before deciding whether to hold or book profit after the Swastika Infra IPO listing.