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Swastika Infra Secures Rs 48.26 Crore from Anchor Investors Ahead of Rs 161 Crore IPO
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Moneycontrol•22-09-2026, 22:31
Swastika Infra Secures Rs 48.26 Crore from Anchor Investors Ahead of Rs 161 Crore IPO
- •Swastika Infra raised Rs 48.26 crore from six anchor investors before its Rs 161.37-crore IPO opens on September 23.
- •The company allotted 26.08 lakh shares to anchor investors at Rs 185 per share, the upper end of its price band.
- •The IPO includes a fresh issue of shares worth Rs 129 crore and an offer for sale of up to 17.5 lakh shares worth Rs 32.37 crore by promoters.
- •Shine Star Build-Cap, Minerva Ventures, and Longthrive Capital VCC were the largest anchor investors, each investing Rs 10 crore.
- •Swastika Infra, an EPC company specializing in power T&D infrastructure, plans to use Rs 90 crore from the fresh issue for working capital.
Key Questions Answered
Swastika Infra successfully raised Rs 48.26 crore from six anchor investors ahead of its initial public offering by allotting 26.08 lakh shares at the upper price band of Rs 185 per share.
The initial public offering is worth Rs 161.37 crore and consists of a fresh issue of shares valued at Rs 129 crore alongside an offer for sale worth Rs 32.37 crore. The public subscription opens on September 23 and concludes on September 25.
The company intends to allocate Rs 90 crore of the net fresh issue proceeds toward fulfilling its incremental working capital needs, while the remaining funds will support general corporate purposes.
