Swastika Infra Limited, an EPC company specializing in power transmission and distribution infrastructure projects, plans to raise ₹161 crore through an IPO.
[Fresh Issue ₹129 Cr + OFS ₹32 Cr]
Swastika infra ipo price: ₹175–₹185 per share
Swastika Infra: History
The Company was originally formed as a partnership firm under the Indian Partnership Act, 1932, on October 23, 1969, as Swastika Electricals & Fertilizers.
It was then converted into a public limited company on January 6, 2025, under a special resolution passed by the shareholders.
The Company subsequently changed its name to Swastika Infra Limited, and the RoC issued a fresh certificate of incorporation on January 27, 2025.
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Swastika Infra: Business
Swastika Infra Ltd is an engineering, procurement, and construction (EPC) company specializing in executing power distribution infrastructure projects (EPC Power Projects).
The Company provides complete turnkey solutions, including the supply, erection, installation, testing, and commissioning of power infrastructure.
The scope of work extends to –
- Underground Cabling Work, where it handles the laying, installation, and commissioning of high-voltage (low-voltage) power cables to enhance efficiency and reduce power losses;
- Construction of Substations (Gas Insulated Substations/Air Insulated Substations), ensuring seamless power distribution through installation of power transformers, circuit breakers, ring main unit, and other essential components;
- Undertaking Rural (urban) Electrification Projects, which involves working towards expanding electricity access in underserved regions by implementing distribution networks, service connections, and feeder lines;
- Installation of Street Lighting Systems to enhance urban and rural infrastructure.
The Company follows an asset-light business model, and a significant portion of its projects are funded by the World Bank (or supported by the Ministry of Power, GoI).
As of February 28, 2025, the company has a proven track record of 14 years in executing EPC Power Projects, covering a total of 8,519.50 circuit kilometers (CKM) of distribution lines.
Project Portfolio
The Company’s ongoing portfolio comprised 18 projects with an aggregate order value of ₹2,036.65 Cr.
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Strategies Ahead
Leveraging market opportunities & core competencies for growth.
Expansion of our geographical footprint.
Strategic Focus on High-Value EPC Power Projects.
Diversification into allied Infrastructure Sectors.
Company Promoters
- Babulal Gupta,
- Vinay Gupta,
- Ruchira Gupta,
- Biren Parnami,
- Manoj Modi,
- Vatsalya Gupta
Refer to Swastika Infra Limited DRHP for more details.
IPO Detail
ipo date: 23 – 25 Sept 2026
Minimum Amount: ₹14,985
Minimum Bid: 81 Shares
Face Value: INR 10 per share
Listing On: NSE, BSE
Financial
Book Running Lead Managers
Srujan Alpha Capital
Phillip Capital (India)
CONCLUSION
Considering financial performance and the nature of the business, FinBlab recommends a ‘MAY SUBSCRIBE‘ rating for the Swastika Infra Limited IPO.
Do come back to learn more about “upcoming IPOs”.
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