Swastika Infra Limited Announces IPO Plans
Swastika Infra Limited has announced its plans to launch an Initial Public Offering (IPO). This offering will be a Fresh Issue for 200.00 crores.
Company Overview
Swastika Infra Limited, founded in 2019, specializes in underground cabling and substation installation, focusing on government projects. The company operates primarily within the power transmission and distribution sector, catering to the needs of state-owned DISCOMs and contributing to India’s energy transition.
Key Achievements
Swastika Infra Limited has demonstrated strong growth in recent fiscal years. The company focuses on power infrastructure projects.
Financial Overview
Here’s a summary of Swastika Infra Limited’s latest financial performance:
| 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 |
Offer for Sale (OFS) and IPO Structure
The IPO includes a Fresh Issue of 200.00 crores. The allocation of shares for different investor categories is as follows:
- Retail Investors: 35%
- Qualified Institutional Buyers (QIB): 50%
- Non-Institutional Investors (NII): 15%
The shares of Swastika Infra Limited are proposed to be listed on the BSE and NSE.
Lead Managers and Registrar
The lead managers for the IPO are Srujan Alpha Capital Advisors Llp and Phillipcapital (India) Private Limited. The registrar is Mufg Intime India Private Limited.
Conclusion
Swastika Infra Limited’s IPO presents an opportunity for investors looking to participate in the growing power infrastructure sector. Stay tuned for updates on the IPO dates and further details. For more information, please visit the company’s website at www.swastikainfra.com.