Swastika Infra IPO Day 3: Subscription Surges Over 1.6x with GMP Indicating 5% Premium – Key Details Inside!

The Swastika Infra IPO has entered its final day of bidding on September 25, showing notable investor interest with an overall subscription of 1.64 times by the second day, which includes a retail portion subscription of 1.59 times. The IPO comprises a fresh issue of 69.46 lakh shares worth Rs 128.50 crore and an Offer for Sale (OFS) of 17.50 lakh shares valued at Rs 32.38 crore. The price band has been set at Rs 175 to Rs 185 per share, with a minimum investment requirement of Rs 14,985 for retail investors at the upper end of the price band. The shares are anticipated to be listed on both the NSE and BSE on September 30, 2026, with the basis of allotment expected to be finalized by September 28.

Currently, the IPO is trading at a grey market premium (GMP) of approximately Rs 9.50, suggesting an expected listing price of around Rs 194.50 per share. This modest premium indicates favorable market sentiment, particularly driven by strong demand reflected in both retail and non-institutional investor subscriptions. The success of this IPO is also seen through the significant allocation to the NII category, which registered a subscription of 2.58 times, underscoring robust interest from high-net-worth individuals and other non-institutional players.

For Indian investors, the Swastika Infra IPO presents a promising opportunity, especially given the company’s impressive financial growth in FY26, where income rose by 43% and PAT increased by 52%. Investing in such a company engaged in power transmission and distribution infrastructure aligns with the increasing focus on renewable energy projects and sustainable development in India. If market conditions remain stable, this IPO could yield attractive returns and potentially benefit investor portfolios in the long run.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)