Swastika Infra Limited
Capital Goods & Infrastructure • Total Issue: ₹161 Cr
Category-Wise Subscription Breakdown
Final cumulative subscription · Overall 7.60x
Valuation Multiples & Key Ratios
Sector Valuation Anchors & Multiples
Comparing Swastika Infra Limited asking multiples against official 10-year historical sector norms for Capital Goods & Infrastructure.
“Robust sovereign capital outlay and multi-year order backlogs support elevated multiples.”
Grey Market Premium (GMP) History
Real-time multi-observation premium trend line and daily price movements.
IPO Timeline & Schedule
MUFG Intime India Private Limited
About Swastika Infra Limited
Swastika Infra is an engineering, procurement, and construction company that specializes in power distribution infrastructure projects on a turnkey basis and trades in electrical products. Its primary business activity involves executing power infrastructure contracts, including underground cabling, gas-insulated and air-insulated substations, rural and urban electrification, and street lighting system installations. The company generates revenue by delivering end-to-end EPC services—from design, procurement, and supply to erection, testing, and commissioning—and through the sale of electrical products such as cables and circuit breakers. Serving state electricity distribution companies, central government-backed initiatives, and multilateral bank-funded developments, it operates across multiple Indian states. Supported by internal operational and project execution capabilities, the company focuses on securing government utility contracts while utilizing bulk procurement strategies to manage material requirements for its power projects.
Key Business Strengths
- Strong execution capabilities in turnkey power distribution infrastructure projects.
- Order book growth supported by state power utilities and multilateral funds.
- Geographical presence across multiple Indian states executing EPC contracts.
- Record of revenue growth and profitability in recent years.
- Integrated bulk procurement strategy for core materials like cables and transformers.
Key Risks & Challenges
- Revenue is heavily concentrated from government-owned electricity utilities.
- Order book reliance on a few large-scale power projects.
- Execution is vulnerable to site delays, clearance issues, and weather disruptions.
- High working capital needs with exposure to bank guarantee requirements.
- Dependence on third-party subcontractors and suppliers for execution.
Transparency & Informational Notice
Grey Market Premium (GMP) is unofficial, unregulated market pricing gathered from market participants and brokers. It is provided for educational and observation purposes only and does not represent guaranteed listing price or investment advice.