Swastika Infra IPO Subscription
ListedUpdated 30 September 2026, 9:15 AM IST· Mainboard
Swastika Infra IPO subscription closed on 25 September 2026 at 7.91x overall by shares. QIB demand came in at 3.31x, NII at 19.35x, and retail at 5.64x. See Retail, SHNI, and BHNI allotment chances in the table below.
Allotment date is 28 September 2026. Listing date on NSE and BSE is 30 September 2026.
Swastika Infra IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 23 Sept 2026 | 0.71x | 1.99x | 0.74x | 1.00x |
| Day 2 - 24 Sept 2026 | 1.02x | 2.71x | 1.66x | 1.70x |
| Day 3 - 25 Sept 2026 | 3.31x | 19.35x | 5.64x | 7.91x |
Swastika Infra IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Swastika Infra IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail | 4.96x | 1 in 5 |
| SHNI (Rs 2L to Rs 10L) | 15.94x | 1 in 16 |
| BHNI (above Rs 10L) | 4.29x | 1 in 4 |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Swastika Infra IPO Allotment Status page from 28 September 2026 for your result.
Swastika Infra IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 185.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 32.18 Cr | Rs 106.48 Cr | 3.31x |
| FII | - | Rs 43.17 Cr | - |
| DFI | - | Rs 10.12 Cr | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 53.20 Cr | - |
| NII | Rs 24.13 Cr | Rs 466.82 Cr | 19.35x |
| bNII (above Rs 10L) | Rs 16.09 Cr | Rs 336.51 Cr | 20.92x |
| Corporate | - | Rs 7.84 Cr | - |
| Individual | - | Rs 314.51 Cr | - |
| Other | - | Rs 14.16 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 8.04 Cr | Rs 130.31 Cr | 16.20x |
| Corporate | - | Rs 45.10 L | - |
| Individual | - | Rs 124.13 Cr | - |
| Other | - | Rs 5.73 Cr | - |
| Retail | Rs 56.31 Cr | Rs 317.48 Cr | 5.64x |
| Cut-off price | - | Rs 286.32 Cr | - |
| Fixed price | - | Rs 31.16 Cr | - |
| Total | Rs 112.61 Cr | Rs 890.78 Cr | 7.91x |
Swastika Infra IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 17,39,191 | 33 | 0.00x |
| FII | - | 9 | - |
| DFI | - | 3 | - |
| Mutual Funds | - | - | - |
| Other | - | 21 | - |
| NII | 1,150 | 9,398 | 8.17x |
| bNII (above Rs 10L) | 767 | 3,293 | 4.29x |
| Corporate | - | 79 | - |
| Individual | - | 3,073 | - |
| Other | - | 141 | - |
| sNII (Rs 2L to Rs 10L) | 383 | 6,105 | 15.94x |
| Corporate | - | 21 | - |
| Individual | - | 5,810 | - |
| Other | - | 274 | - |
| Retail | 37,575 | 1,86,355 | 4.96x |
| Cut-off price | - | 1,67,867 | - |
| Fixed price | - | 18,488 | - |
| Total | 17,77,916 | 1,95,786 | 0.11x |
What Do These Subscription Numbers Mean?
7.91x overall by shares means bids covered about 8 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 3.31x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (8.17x by applications). Split: SHNI 15.94x, BHNI 4.29x by applications. SHNI and BHNI allotment is by lottery.
At 4.96x subscription by applications, about 1 in 5 retail applicants may get allotment (~20% chance per application). Retail allotment is also by lottery.
Swastika Infra IPO GMP After Subscription
GMP for Swastika Infra IPO stands at Rs 7.00 today, giving an estimated listing price of Rs 192.00 per share.
The GMP has been mixed from Rs 5.00 on 18 Sept 2026 to Rs 7.00 on 30 Sept 2026.
A subscription of 7.91x combined with a GMP of 3.78% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Swastika Infra IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Swastika Infra IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 23 September 2026 |
| IPO Close Date | 25 September 2026 |
| Allotment Date | 28 September 2026 |
| Refund Initiation | 29 September 2026 |
| Share Credit to Demat | 29 September 2026 |
| Listing Date | 30 September 2026 |
| Minimum Investment | Rs 14,985.00 |
| Lot Size | 81 shares |
About Swastika Infra IPO
Incorporated in August 2019 (with business roots dating back to 1969 as Swastika Electricals & Fertilizers), Swastika Infra Limited is an Engineering, Procurement, and Construction (EPC) company specializing in power transmission and distribution infrastructure projects (EPC Power Projects) on a turnkey basis, as well as the trading of electrical products. The company provides end-to-end execution covering underground cabling, construction of Gas Insulated Substations (GIS) and Air Insulated Substations (AIS), rural and urban electrification under government schemes (such as RDSS), SCADA automation, and street lighting systems. As of July 31, 2026, the company had completed 34 EPC projects and held an active order book of ₹916.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
Retail - Retail Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Swastika Infra IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Swastika Infra IPO Details
Issue size, price, financials, and company info
Swastika Infra IPO GMP
Live grey market premium and listing estimate
Swastika Infra IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Swastika Infra IPO Allotment
Allotment date, chances, and check by PAN
Swastika Infra IPO Review
SWOT, strengths, risks, and IPO review
Swastika Infra IPO FAQ
Common questions on dates, GMP, and allotment
Swastika Infra IPO Registrar
Registrar website and how to check allotment
Swastika Infra IPO Timeline
Open, close, allotment, and listing dates
Swastika Infra IPO News
Updates, blogs, and latest IPO news
Swastika Infra IPO Subscription FAQs
What is Swastika Infra IPO subscription status today?
Swastika Infra IPO subscription closed on 25 September 2026 with overall subscription of 7.91x (by shares) as of 12 October 2026, 5:47 AM IST. QIB 3.31x, NII 8.17x, Retail 4.96x.
What is the overall subscription of Swastika Infra IPO?
Swastika Infra IPO is subscribed 7.91x overall by shares at close on 25 September 2026. QIB 3.31x, NII 8.17x, and Retail 4.96x.
What is Swastika Infra IPO QIB subscription?
Swastika Infra IPO QIB (Qualified Institutional Buyers) subscription is 3.31x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Swastika Infra IPO Retail subscription?
Swastika Infra IPO Retail subscription is 4.96x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is Swastika Infra IPO NII, SHNI, and BHNI subscription?
Swastika Infra IPO NII subscription is 8.17x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 15.94x and BHNI (above Rs 10L) at 4.29x.
What are Swastika Infra IPO retail allotment chances?
At 4.96x subscription by applications, about 1 in 5 retail applicants may get allotment (~20% chance per application). Allotment is by lottery. Share subscription was 5.64x. Allotment chances use applications, not share volume.
What are Swastika Infra IPO SHNI allotment chances?
At 15.94x subscription by applications, about 1 in 16 SHNI applicants may get allotment (~6% chance per application). Allotment is by lottery.
What are Swastika Infra IPO BHNI allotment chances?
At 4.29x subscription by applications, about 1 in 4 BHNI applicants may get allotment (~23% chance per application). Allotment is by lottery. Share subscription was 20.92x. Allotment chances use applications, not share volume.
When is Swastika Infra IPO allotment date?
Swastika Infra IPO allotment date is 28 September 2026. Check Swastika Infra IPO Allotment Status on IPOwiz from that day using your PAN.
When does Swastika Infra IPO subscription close?
Swastika Infra IPO subscription closed on 25 September 2026. No new applications are accepted after the close.
What is Swastika Infra IPO GMP today?
Swastika Infra IPO GMP is ₹7 today (+3.78% over issue price ₹185). See live GMP on the Swastika Infra IPO GMP Today page.
What is Swastika Infra IPO issue price and lot size?
Swastika Infra IPO issue price is ₹185 per share. Lot size is 81 shares. Minimum investment is ₹14,985 per lot. Issue size: ₹160.88 Cr.
When is Swastika Infra IPO listing date?
Swastika Infra IPO listing date is 30 September 2026 on NSE and BSE. Allotment is on 28 September 2026.
How does subscription affect Swastika Infra IPO allotment?
In Swastika Infra IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 7.91x overall, competition is moderate.
For allotment results from 28 September 2026, visit the Swastika Infra IPO Allotment Status page. For listing day updates on 30 September 2026, download the IPOwiz App.
Sources
We match Swastika Infra IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.