Swastika Infra IPO Date, Review, Price and Key Information

Swastika Infra Limited IPO is fully book build issue and total IPO size is ₹200.00 crores. The entire share offering is a fresh issue worth ₹200.00 crores.

The dates for the Swastika Infra Limited IPO have not been announced yet. The allotment process is expected to be finalized by [.].

The Swastika Infra Limited IPO is scheduled to list on BSE, NSE, with a listing date of [.]. The price band for the Swastika Infra Limited IPO has not been announced yet.

Registrar for this IPO is Mufg Intime India Private Limited and lead managers for Swastika Infra Limited IPO are Srujan Alpha Capital Advisors Llp, Phillipcapital (India) Private Limited.

IPO Schedule

IPO Open Date	-
IPO Close Date	-
IPO Allotment Date	-
Refund Initiation	-
Share credit in Demat	-
Listing Date	-

Key Details

Price Band	TBA
Lot Size	TBA
Face Value	₹10 Per Equity Share
Total Issue Size	1,920,000 Shares + ₹200 Crores
Fresh Issue	₹200.00 Crores
OFS Issue	1,920,000 Shares
Issue Type	Fresh Issue and Offer for Sale
Listing At	BSE, NSE

Share Reservation

Investor Category	Shares Offered
QIB	50%
Retail	35%
NII/HNI	15%

About Swastika Infra Limited Company

Indian Railways is actively redeveloping stations under the ‘Amrit Bharat Station Scheme,’ with 1337 stations identified and work commenced in 1198 railway stations. The company is targeting net-zero carbon emissions by 2030, in line with international energy goals. However, high initial investment costs and supply chain interruptions pose key restraints.

State-owned DISCOMs, catering to 90% of consumers, are the weakest link in the energy supply chain due to financial challenges and operational inefficiencies. Irregular tariff revisions, delayed subsidy payments, and costly short-term loans threaten their viability. Government initiatives like RDSS and carbon trading schemes aim to improve DISCOM health, which is crucial for India's energy transition.

Key players like Rajesh Power Services, Vikran Engineering, and Lumino Industries offer a range of EPC services in power transmission, distribution, and manufacturing. Swastika Infra Limited, founded in 2019, specializes in underground cabling and substation installation, focusing on government projects. Peer benchmarking reveals significant revenue growth across these companies, with Swastika Infra showing particularly strong growth in recent fiscal years.

Swastika Infra Limited Financial Details

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	1560.59	1432.59	979.64	816.86
Revenue	996.60	2095.75	1533.56	590.34
Profit After Tax	59.66	139.82	102.50	29.55
Net Worth	555.22	495.70	355.91	205.69
Reserves and Surplus	307.72	248.20	108.41	5.69
Total Borrowing	404.19	438.18	226.62	356.88

₹ In Crore

Key Performance Indicator

Basic EPS (in ₹)	Return on Net Worth (RoNW)	Net Asset Value (NAV)	Debt-Equity Ratio	Return on Equity (ROE)	Return on Capital Employed (ROCE)
5.65	32.84%	20.03			25.15%

Offer Objectives

The offer includes both a Fresh Issue and an Offer for Sale (OFS). The OFS comprises up to 19,20,000 equity shares by selling shareholders, potentially aggregating up to ₹[●] Lakhs. The company will not receive any proceeds from the OFS.

The Net Proceeds from the Fresh Issue will be utilized towards:

Funding incremental working capital: Up to ₹14,500.00 Lakhs
General corporate purposes: The amount for general corporate purposes will not exceed 25% of the Gross Proceeds.

A pre-IPO placement not exceeding ₹4,000.00 Lakhs may be considered, potentially reducing the Fresh Issue size by up to 20%, subject to regulatory compliance.

Proposed Deployment Schedule: The Net Proceeds are planned for deployment in Fiscal 2026 and Fiscal 2027, with up to ₹6,000 Lakhs and ₹8,500 Lakhs respectively allocated for working capital.

Working Capital Details: As of September 30, 2024, the company's outstanding borrowings were ₹4,041.91 Lakhs, and non-fund-based facilities amounted to ₹13,180 Lakhs.

The company requires additional working capital for Fiscal 2026 and 2027 and is estimating it based on Margin Money for Performance Bank Guarantee, Mobilization advances and bank guarantee and Material received against letter of credit.The company's current assets include Inventories,Trade receivables, Margin Money,Retention Money, Unbilled Revenue, Loans & advances and Other Current Assets.