Swastika Infra IPO GMP History
Swastika Infra IPO has been listed on September 30, 2026 at a listing price of ₹200, against the issue price of ₹185 — a gain of ₹15 (+8.11%). The GMP peaked at ₹9.5 on 23 September 2026 and reached a low of ₹3 on 20 September 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Swastika Infra IPO raised ₹160.88 Cr. through its IPO at a price band of ₹175 to ₹185 per share, with a lot size of 81 shares. The IPO was open for subscription from 23 Sep 2026 to 25 Sep 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 30 Sep, 6:30 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 30 Sep 2026 | ₹ 7 | — | 3.78% | — | ₹ 400 |
| 29 Sep 2026 | ₹ 7 | ▲ | 3.78% | — | ₹ 400 |
| 28 Sep 2026 | ₹ 6 | ▼ | 3.24% | — | ₹ 300 |
| 27 Sep 2026 | ₹ 6.5 | ▲ | 3.51% | — | ₹ 300 |
| 26 Sep 2026 | ₹ 6 | ▲ | 3.24% | — | ₹ 300 |
| 25 Sep 2026 | ₹ 4.5 | ▼ | 2.43% | — | ₹ 300 |
| 24 Sep 2026 | ₹ 9 | ▼ | 4.86% | — | ₹ 300 |
| 23 Sep 2026 | ₹ 9.5 | ▲ | 5.14% | — | ₹ 500 |
| 22 Sep 2026 | ₹ 8 | — | 4.32% | — | ₹ 500 |
| 21 Sep 2026 | ₹ 8 | ▲ | 4.32% | — | ₹ 300 |
| 20 Sep 2026 | ₹ 3 | — | 1.62% | — | ₹ 300 |
| 19 Sep 2026 | ₹ 3 | ▼ | 1.62% | — | ₹ 300 |
| 18 Sep 2026 | ₹ 5 | — | 2.70% | — | — |
Swastika Infra IPO dates
Key dates from opening to listing. Today is 2 November.
- Open 23 Sep 2026
- Close 25 Sep 2026
- Allotment 28 Sep 2026
- Refund/credit 29 Sep 2026
- Listing 30 Sep 2026
Swastika Infra IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹185 |
|---|---|
| GMP-based estimate (pre-listing) | ₹192 (+3.8%) |
| Listing gain / loss | +₹15 per share |
| Listing date | 30 Sep, 2026 |
| Actual listing price | ₹200 (+8.11%) |
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:
- 01Subscription 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?
- 02Timing 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.
- 03Grey 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.
- 04Cross-check before acting: Review the Swastika Infra IPO full review for a fundamentals-based assessment before making any grey market trades.
Swastika Infra IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Swastika Infra IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was Retail: ₹400, BHNI: ₹5600. Unlike Kostak, Subject to Sauda only applies if you receive allotment.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Swastika Infra IPO
Swastika Infra Limited was started in August 2019. It is an engineering, procurement and construction company, usually called an EPC company, working on power distribution infrastructure. It also sells electrical products.
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.
Frequently asked
What is the GMP of Swastika Infra IPO?
The current Grey Market Premium (GMP) of Swastika Infra IPO is ₹ 7.
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 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 Retail: ₹400, BHNI: ₹5600.
What was the actual listing price of Swastika Infra IPO?
Swastika Infra IPO listed on September 30, 2026 at ₹200, against the issue price of ₹185 — a gain of +8.11%.
How did the GMP of Swastika Infra IPO trend before listing?
The GMP of Swastika Infra IPO was stable in its final days before listing. The GMP peaked at ₹9.5 on 23 September 2026. View the day-wise table above for the complete GMP history.
Explore Swastika Infra IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
