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Swastika Infra Shares Debut at ’200 After IPO Subscribed 7.60 Times
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CNBC TV18•30-09-2026, 09:51
Swastika Infra Shares Debut at ’200 After IPO Subscribed 7.60 Times
- •Swastika Infra shares debuted at ’200 on NSE and BSE, a premium of 8.11% over the IPO price of ’185.
- •The ’160.88-crore IPO was subscribed 7.60 times, with the NII portion subscribed 18.50 times and retail 5.39 times.
- •The company raised ’48.26 crore from anchor investors, including Shine Star Build-Cap, Minerva Ventures, and Longthrive Capital VCC.
- •Swastika Infra plans to use ’90 crore from the fresh issue for incremental working capital requirements, with the remainder for general corporate purposes.
- •Swastika Infra is an EPC company specializing in power transmission and distribution infrastructure projects across India.
Key Questions Answered
Swastika Infra shares made a decent debut on Wednesday, September 30, opening at ₹200 on both the NSE and BSE. Compared to the IPO price of ₹185, this translated to a premium of 8.11% on debut.
Swastika Infra plans to deploy ₹90 crore from the fresh issue towards meeting its incremental working capital requirements. The remaining proceeds will be allocated for general corporate purposes.
The ₹160.88-crore IPO was subscribed 7.60 times by the close of bidding on September 25, receiving bids for 4,81,50,288 shares against 63,35,001 on offer. The non-institutional investor portion was subscribed 18.50 times, the retail category saw 5.39 times subscription, and the qualified institutional buyers portion reached 3.22 times.
