Swastika Infra IPO Day 3: Issue subscribed over 1.6x; GMP signals 5% premium — Check key details
A ipo & listings development with market-wide reach.
· Economic Times Markets
Swastika Infra IPO entered its final bidding day on September 25, 2026, after securing 1.64 times subscription by Day 2. The Rs 160.88-crore issue has a price band of Rs 175–185, with the GMP around 5%. Proceeds will primarily fund working capital. FY26 revenue and profit rose 43% and 52%, respectively, reflecting strong growth.
Key facts
- Period
- FY26
- Dates in focus
- September 25
The analysis
Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Market context
- Sector exposure: Infrastructure.
- The immediate tone of coverage reads positive.
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