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  5. Swastika Infra IPO subscribed 6.54 times so far on Day 3; check allotment date and steps

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Swastika Infra IPO subscribed 6.54 times so far on Day 3; check allotment date and steps

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

3 min read | Updated on September 25, 2026, 15:33 IST

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SUMMARY

Swastika Infra IPO is a mix of a fresh issuance of 69.46 lakh shares worth ₹128.50 crore and an offer for sale (OFS) of ₹32.38 crore by promoters Vinay Gupta, Ruchira Gupta, Biren Parnami and Manoj Modi and investors Ishita Bhartia and Ishaan Bhartia.

Swastika Infra is an engineering, procurement and construction company involved in the execution of power transmission and distribution infrastructure projects. | Image: SwastikaInfra.com

Swastika Infra is an engineering, procurement and construction company involved in the execution of power transmission and distribution infrastructure projects. | Image: SwastikaInfra.com

The ₹160.88 crore initial public offering of Swastika Infra has been subscribed 6.54 times so far on the final day of bidding on Friday, September 25. It received bids for 4,14,19,593 shares against 63,35,001 shares on offer, according to the NSE data until 3:32 pm.

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Qualified institutional buyers subscribed their part 1.74 times, while the non-institutional investors' quota was booked 17.54 times. The retail investors' part was subscribed 4.52 times.

The book-built issue is a mix of a fresh issuance of 69.46 lakh shares worth ₹128.50 crore and an offer for sale (OFS) of ₹32.38 crore by promoters Vinay Gupta, Ruchira Gupta, Biren Parnami and Manoj Modi and investors Ishita Bhartia and Ishaan Bhartia.

The fresh issue proceeds will be used for funding incremental working capital requirements and general corporate purposes.

"Over the years, we have built strong capabilities across the power transmission and distribution infrastructure value chain, enabling us to undertake projects across the entire lifecycle—from procurement and construction to testing and commissioning. We intend to continue strengthening our execution capabilities and pursue opportunities across India’s evolving power infrastructure landscape. The proceeds from the issue will support and enable us to further strengthen our business as we pursue sustainable long-term growth," Vinay Gupta, Managing Director of Swastika Infra, said.

With a price band of ₹175 to ₹185 per share, a lot consists of 81 shares.

Swastika Infra is an engineering, procurement and construction company involved in the execution of power transmission and distribution infrastructure projects.

Swastika Infra IPO allotment and listing date

Swastika Infra IPO allotment is expected to be finalised on September 28. The company's shares will be listed on the NSE and the BSE on September 30.

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Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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