Swastika Infra IPO GMP Today and Kostak Price
Swastika Infra IPO Grey Market Premium (GMP) today stands at ₹ 0, indicating cautious or neutral market sentiment ahead of listing. The Kostak rate is currently not available, while the Subject to Sauda price is quoted at currently not available. You can check the day-wise GMP trend below to track price movement and investor sentiment over time.
Swastika Infra IPO is scheduled to open for subscription on September 23, 2026. The public issue aims to raise around ₹160.87 Cr. and is offered in a price band of ₹175 to ₹185 per share, with a market lot of 81 shares. Investors are closely watching subscription data and grey market trends ahead of the listing.
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| No GMP history available yet. | |||||
Swastika Infra IPO Dates
| Event | Date |
|---|---|
| Open Date | 23 Sep, 2026 |
| Close Date | 25 Sep, 2026 |
| Allotment Date | 28 Sep, 2026 |
| Refund Date | 29 Sep, 2026 |
| Credit to Demat | 29 Sep, 2026 |
| Listing Date | 30 Sep, 2026 |
Swastika Infra IPO Expected Listing Price
| Basis | Value |
|---|---|
| Issue Price (Upper Band) | ₹185 |
| Current GMP | ₹ 0 |
| GMP-Based Listing Estimate | Not yet available |
| Listing Date | 30 Sep, 2026 |
Disclaimer: The listing price estimate above is based purely on the current grey market premium (GMP) and is not a guaranteed prediction. GMP is an unofficial, unregulated indicator and can change significantly in the 24–48 hours before listing. Do not make investment decisions based solely on GMP.
Is Swastika Infra IPO GMP Reliable?
Grey market premium for Swastika Infra IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the Swastika Infra IPO full review for a fundamentals-based assessment before making any grey market trades.
Swastika Infra IPO IPO Kostak Rate Explained
The Kostak rate for Swastika Infra IPO is currently not active. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price has not been quoted yet. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Swastika Infra IPO
Its EPC work is turnkey, meaning it handles the whole job from buying the material through to erection, installation, testing and commissioning. The work covers four main areas. Underground cabling involves laying and commissioning high and low voltage power cables, which cuts power losses compared with overhead lines. Substation construction covers both gas insulated and air insulated substations, including installing power transformers, circuit breakers and ring main units. Rural and urban electrification projects extend electricity to underserved areas through distribution networks, service connections and feeder lines, generally under government schemes. It also installs street lighting systems.
Alongside the project work it trades in electrical products, buying and selling power cables and other electrical items. The EPC work is the main business and the trading is secondary.
Strengths & Risks
Strengths
- ✓ Sales grew strongly over the years shown, from Rs 59.54 crore in FY2022 to Rs 154.32 crore in FY2023 and Rs 211.33 crore in FY2024.
- ✓ Profit grew over the same period, from Rs 2.95 crore in FY2022 to Rs 10.25 crore in FY2023 and Rs 13.98 crore in FY2024.
- ✓ Return ratios on the data available are good, with RoNW of 32.84% and RoCE of 25.15%.
- ✓ Net worth grew from Rs 20.57 crore in FY2022 to Rs 55.52 crore as on 30 September 2024.
- ✓ It offers turnkey capability across cabling, substations, electrification and street lighting, so it can bid for complete packages rather than parts of a job.
- ✓ Rural and urban electrification work is backed by government schemes, which provides a steady pipeline of tenders.
- ✓ Gas insulated substation work is more technical than ordinary cabling and fewer contractors can execute it.
Risks
- ⚠ The financial data is two years out of date. The most recent figures available are a half year ending 30 September 2024, for an issue opening in September 2026, and there is no FY2025 or FY2026 data at all. This needs to be read from the RHP before relying on any of it.
- ⚠ The P/E and EPS are not stated, and neither the EBITDA nor the total borrowing rows are present in the available data, so margin and leverage cannot be assessed from here.
- ⚠ The promoter details and the pre and post issue promoter holding are not stated either, so the extent of dilution is not clear.
- ⚠ Rs 145 crore of the Rs 160.87 crore issue goes into working capital. EPC work blocks large amounts of cash in unbilled work and retention money.
- ⚠ The company is young, having been incorporated only in August 2019.
- ⚠ Most customers are state electricity utilities and government bodies, which pay slowly and award work through price-driven tenders.
- ⚠ A part of the revenue comes from trading electrical products, which earns less than the project work.
- ⚠ This is a fresh issue combined with an offer for sale, so a part of the money goes to the selling shareholders and not to the company.
Frequently Asked Questions about Swastika Infra IPO
What is the GMP of Swastika Infra IPO?
The current Grey Market Premium (GMP) of Swastika Infra IPO is not yet started or active in the market.
What is the Kostak Price of Swastika Infra IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Swastika Infra IPO is currently not available.
What is the Subject to Sauda Price of Swastika Infra IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.
What is the expected listing price of Swastika Infra IPO based on GMP?
The listing price estimate is not yet available as GMP has not been established for Swastika Infra IPO. Check back closer to the subscription date.
Is the GMP of Swastika Infra IPO increasing or decreasing?
The GMP of Swastika Infra IPO is currently stable. Track the day-wise GMP table above for the latest movement.
Explore Swastika Infra IPO Further
For a complete picture before making your investment decision, explore these resources:
