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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Swastika Infra Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹185
Per ShareLot Size
81 Shares
Minimum Investment
₹14,985
Issue Size
₹160.88 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
76.51%
Promoter Holding (Post-Issue)
57.41%
Issue Type
Book Building
ISIN
INE1QJA01015
We are an engineering, procurement and construction company, specializing in execution of power T&D infrastructure projects ("EPC Power Projects"). Our scope of services in EPC Power Projects covers a comprehensive range of activities, ensuring execution from procurement to commissioning. We provide complete solutions on a turnkey basis, including the supply, erection, installation, testing, and commissioning of power infrastructure. Our scope of work extends to (i) underground cabling work, where we handle the laying, installation, and commissioning of high-voltage/low-voltage power cables to enhance efficiency and reduce power losses; (ii) construction of substations (Gas Insulated Substations /Air Insulated Substations/Grid Sub Station), ensuring seamless power distribution through installation of power transformers, circuit breakers, ring main unit, and other essential components; (iii) undertaking rural and urban electrification projects, which involves working towards expanding electricity access in underserved regions by implementing distribution networks, service connections, and feeder lines in compliance with government electrification schemes; (iv) installation of street lighting systems to enhance urban and rural infrastructure; and (v) Renewable energy works.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of 86,95,945 equity shares of face value of Rs. 10 each ("Equity Shares") of Swastika Infra Limited ("the Company" or the "Issuer") for cash at a price of Rs. 185 per equity share (including a securities premium of Rs. 175 per equity share) ("Offer Price") aggregating up to Rs. 160.88 Crores comprising a fresh issue of 69,45,945 equity shares aggregating to Rs. 128.50 Crores by the company ("Fresh Issue") and an offer for sale of 17,50,000 equity shares of face value Rs. 10 each aggregating Rs. 32.38 Crores comprising up to 2,73,500 equity shares aggregating up to Rs. 5.06 Crores by Vinay Gupta, 2,73,500 equity shares aggregating Rs. 5.06 Crores by Ruchira Gupta, 3,28,000 equity shares aggregating Rs. 6.07 Crores by Biren Parnami, 3,28,000 equity shares aggregating Rs. 6.07 Crores by Manoj Modi (Collectively, the "Promoter Selling Shareholders"), 2,73,500 equity shares aggregating up to Rs. 5.06 Crores by Ishaan Bhartia and 2,73,500 equity shares aggregating up to Rs. 5.06 Crores by Ishita Bhartia (Collectively, the "Other Selling Shareholders". The promoter selling shareholders and the other selling shareholders collectively, the "Selling Shareholders" and such offer for sale of equity shares by the selling shareholders, the "Offer for Sale") (Offer for sale together with the fresh issue, the "Offer"). The offer will constitute 24.24% of the post-offer paid-up equity share capital of the company. The company, in consultation with the brlms, may consider a pre-ipo placement, aggregating up to Rs. 40.00 crores prior to filing of the pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlm. if the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with Rule 19(2)(b) of the scrr. The pre-ipo placement, if undertaken, shall not exceed 20 % of the size of the fresh issue. prior to the completion of the offer, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken). Price Band: Rs. 185 per equity share of face value of Rs. 10/- each. The floor price is 18.5 times of the face value of the equity shares. Bids can be made for a minimum of 81 equity shares of face value of Rs. 10/- each and in multiples of 81 equity shares of face value of Rs. 10/- each thereafter.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
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*Real-time data subject to exchange updates
India's EPC segment is key to the nation's energy landscape. EPC companies ensure efficiency, quality, and timelyproject completion from design to commissioning. India's energy mix, spanning thermal, hydro, nuclear, &renewables, along with electrification and decarbonization goals, positions the Power EPC sector as vital toindustrial and infrastructural growth. Urbanization, population growth, and industrialization drive electricitydemand.According to the Central Electricity Authority (CEA), power consumption in India for the fiscal year 2022-23reached 1,440.310 TWh. The industrial sector was the largest consumer, accounting for 41.23% of the total,followed by the domestic industry at 24.52% and agriculture at 16.93%. Together, these three sectors comprisedover 82% of the total consumption. In 2023, power consumption climbed to about 1,500 TWh. Projections suggestthat by 2030, India's power demand could soar to between 2,060 and 2,699 TWh. When considering utility-leveldemand, which includes T&D losses, estimates range from 2,039 to 2,454 TWh.With electricity demand set to surge, driven by industrial, domestic, and agricultural needs, India's power EPCsegment is on the brink of significant growth. Meeting this demand will necessitate substantial investments inpower infrastructure. EPC players are poised to capitalize on opportunities in large-scale power plants, renewableprojects, grid modernization, and reducing transmission losses. This is further amplified by government policiesbacking energy transition and capacity expansion. As of 2024, India stands as the world's third-largest powergeneration market, following China and the United States.The Indian electricity sector is witnessing rapid expansion. Data from the Indian Climate and Energy Dashboardshows that by 2024, India's installed capacity surpassed 461 GW, bolstered by a 12 GW addition. The generationmix was dominated by fossil fuels at 53.48%, trailed by renewables at 28.4%, hydro at 10.34%, and nuclear at1.80%.The Indian government has set ambitious targets to double the installed capacity in the next decade, with a strongfocus on renewable energy. By 2030, India aspires to achieve a renewable power generation capacity of 500 GW.An estimated investment of USD 225-250 billion is projected to realize this vision. These initiatives not only caterto the escalating electricity demand but also unveil a vast opportunity for the power EPC market in India.
Our Company was originally formed as a partnership firm constituted under the Indian Partnership Act, 1932 pursuant to a deed of partnership dated October 23, 1969 "Swastika Electricals & Fertilizers" and was last re-constituted on February 1, 2019. "Swastika Electricals & Fertilizers" was thereafter converted from a partnership firm to a private limited Company as `Swastika Infra Private Limited' under the Companies Act, 2013, pursuant to a certificate of incorporation dated on August 6, 2019, issued by the Registrar of Companies, Jaipur, Rajasthan, India. Subsequently, pursuant to a special resolution dated January 6, 2025, our Company was converted to a public limited company, and the name of our Company was changed from `Swastika Infra Private Limited' to `Swastika Infra Limited', and a fresh certificate of incorporation dated January 27, 2025 was issued by the Registrar of Companies, Central Processing Centre.
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
*Subject to approvals and market conditions.