About Swastika Infra IPO
Swastika Infra IPO Details
The Swastika Infra IPO is a 100% book building issue, comprising a fresh issue of ₹200 crore and an offer for sale (OFS) of 19.20 lakh equity shares, with a face value of ₹10 per share. The company filed its DRHP with SEBI on March 30, 2025.
The price band and official dates of subscription and listing will be announced by the company later, but the shares are supposed to be listed on the BSE and the NSE platforms. The book-running lead manager of the issue is Srujan Alpha Capital Advisors LLP and PhillipCapital (INDIA) Pvt. Ltd., while the registrar to the issue is MUFG InTime India Pvt. Ltd.
Swastika Infra IPO Date & Timeline
Swastika Infra Ltd. officially filed its Draft Red Herring Prospectus (DRHP) on March 30, 2025. However, the specific Swastika Infra IPO date and subscription timeline remain unannounced. Following regulatory approval, the company will finalise the price band and bidding dates. Once cleared, the schedule for anchor allotment, public bidding and the final listing on the exchange will be formally disclosed.
Swastika Infra IPO Timeline
| IPO Open Date | - |
| IPO Close Date | - |
| Tentative Allotment | - |
| Initiation of Refunds | - |
| Credit of Shares to Demat | - |
| Tentative Listing Date | - |
| Cut-off time for UPI mandate confirmation | - |
Swastika Infra IPO Details
| Detail | Description |
|---|---|
| IPO Date | - |
| Listing Date | - |
| Face Value | ₹ 10 per Equity Share |
| Issue Price Band | - |
| Lot Size | - |
| Sale Type | 100 % Book Built Offer |
| Total Issue Size | Up to ₹ 200 Cr + 1,920,000 Equity Shares |
| Reserved for Market Maker | - |
| Fresh Issue(Ex Market Maker) | Up to ₹ 200 Cr (aggregating up to ₹ 20,000 Lakhs) |
| Offer for Sale | Up to 19,20,000 Equity Shares |
| Net Offered to Public | - |
| Issue Type | Initial Public Offering (IPO) |
| Listing At | BSE and NSE |
| Share Holding Pre Issue | - |
| Share Holding Post Issue | - |
Swastika Infra IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Swastika Infra IPO GMP is currently trading at ₹[.], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
Company Background
Swastika Infra Ltd. was formally incorporated on October 23, 1969, to conduct its primary business operations, evolving over the years to meet the growing demands of its sector. The company’s core business involves carrying out operations consistent with its corporate identity and industry classification. Its registered office is located in Jaipur, Rajasthan, with a geographic presence supporting its ongoing commercial activities.
The enterprise has steadily developed over time, culminating in its transition into a public limited company ready to access the capital markets. The scope of services the company provides is in EPC Power Projects, covering a comprehensive range of activities, ensuring execution from procurement to commissioning.
Operations & Product Range
Swastika Infra Ltd.’s operations are aligned with its registered business mandate, providing specific commercial solutions to its target market. The company focuses on delivering value through its established operational framework, serving clients who require the specific services and products it offers. The core operating model is designed to sustain its business activities efficiently, with further elaboration on key products and specialised solutions to be provided in subsequent filings.
Facilities & Capacity
The operational backbone of Swastika Infra Ltd. relies on its established infrastructure, with operational locations situated to optimize service and product delivery. The installed capacity is structured to meet the ongoing demands of its client base. With this issue, the company plans to utilise a portion of its raised capital to enhance its operational footprint and upgrade its facilities, supporting the execution of its strategic goals and maintaining its market position.
Brands & Market Presence
Swastika Infra Ltd. has built a recognised market presence within its specific commercial sector, with its brands and flagship services tailored to address the requirements of its operational domain. Market exposure is predominantly domestic, focusing on expanding its reach within India. The company adheres to industry standards, seeking recognition and certifications that validate its operational quality, helping it secure its standing among peers and clients.
Revenue Streams & Business Model
The primary revenue of Swastika Infra Ltd. is generated through its core business activities and service offerings, with segment-wise contribution reflecting the different operational areas the company engages in. The business model generates recurring revenue by fulfilling the commercial requirements of its target audience. The revenue is generated from its operational hubs, primarily focused on the domestic market, relying on its established operational model to ensure consistent revenue generation.
Management & Shareholding
The promoters of Swastika Infra Ltd. are Babulal Gupta, Vinay Gupta, Ruchira Gupta, Biren Parnami, Manoj Modi and Vatsalya Gupta. Before the IPO, the promoters held around 84% of the stakeholding, but after the IPO, the promoters’ stakeholding will be diluted as the offering included OFS and fresh issue both.
Board & Key Management
The leadership of Swastika Infra Ltd. is led by a team of experts with many years of experience. Babulal Gupta serves as the Chairman and gives strategic direction to the firm. The daily operations are managed by Vinay Gupta, the Managing Director, along with Whole-Time Directors Ruchira Gupta. To ensure good governance, the board includes Independent Directors Dileep Kumar Jain, Ajay Gupta and Madhvi Sharma for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.
Swastika Infra IPO Financial Information
Latest Revenue
100.52
₹ Crore
Profit After Tax
5.97
₹ Crore
Net Worth
55.52
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2024 | 156.06 | 100.52 | 5.97 | 55.52 | 30.77 | — | |||
| 31 Mar 2024 | 143.26 | 211.33 | 13.98 | 49.57 | 24.82 | — | |||
| 31 Mar 2023 | 97.96 | 154.3 | 10.25 | 35.59 | 10.84 | — | |||
| 31 Mar 2022 | 81.69 | 59.54 | 2.95 | 20.57 | 0.57 | — | |||
| Amount in ₹ Crore | |||||||||
Swastika Infra Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | - |
| ROCE | 25.15% |
| Debt/Equity | 0.88x |
| RoNW | 32.84% |
| PAT Margin | 6.67% |
| EBITDA Margin | - |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.65 (basic/diluted) | - |
| P/E (x) | - | - |
Swastika Infra IPO Objectives
The company intended to use the Swastika Infra IPO proceeds for strategic purposes:
- • Funding capital expenditure requirements to support operational expansion.
- • Repayment or prepayment of debt (in part or in full)
- • General corporate purposes
Swastika Infra IPO Review
Swastika Infra Ltd. maintains an active presence within its specific sector, having built a foundation that supports its ongoing commercial activities. Its strategically located registered office and focus on domestic operations position it as a steady participant in its industry.
Financially, the company has shown a growing financial profile for the FY24; the total income was reported at ₹211.33 crore and the revenue from operations was at ₹209.57 crore. The company intended to use this listing to maintain its financials and scale the business by funding the capital expenditures.
However, the key strengths are the experienced management team and established market presence, as the potential risks include the standard market uncertainties and sector-specific challenges that all public entities face, which the company will need to navigate carefully as it transitions into a publicly traded entity. Overall, the offering provides an opportunity to evaluate a company seeking to leverage the capital markets for its next phase of growth.
Conclusion
Swastika Infra IPO is an opportunity for investors to invest in a growing company that has built on the experience of its promoters and a clear operational structure. The company is well-positioned and seeks to expand its operations and strengthen its financial standing with this listing. Its focus on careful capital deployment and operational enhancement positions it well within its sector.
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Competitive Strengths
Operational history based on an established organisation that is led by seasoned promoters.
Geographical advantage with its registered office located in Jaipur, Rajasthan.
A business model that ensures regular cash flows from its activities and commitment to corporate governance and compliance with industry standards.
| Sr.no | Description | Date | File |
|---|---|---|---|
| 1 | SEBI/Exchange approval received | 08/08/2026 | - |
| 2 | Filed with SEBI/Exchange | 01/04/2025 | View DRHP |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | — | ~₹14,000 - ₹15,000 |
| Individual investors (Retail) (Max) | 13-14 | — | Up to ₹200,000 |
| S-HNI (Min) | 14-15 | — | Over ₹200,000 |
| S-HNI (Max) | 66-70 | — | Up to ₹10,00,000 |
| B-HNI (Min) | 71+ | — | Over ₹10,00,000 |