Swastika Infra, an EPC company from Rajasthan with 14 years of experience in power distribution projects, has filed its IPO papers with the Securities and Exchange Board of India (SEBI). The Swastika Infra IPO includes a fresh issue of ₹200 crore and an offer-for-sale of 1,920,000 equity shares.
Srujan Alpha Capital Advisors and PhillipCapital (India) are associated as lead managers of the IPO process. While MUFG Intime India is going to be the registrar of the issue.
Moreover, the proper information on this IPO is yet to be declared. Some of the shareholders and promoters who might be offloading their shares are Vinay Gupta, Ruchira Gupta, Biren Parnami, Manoj Modi, and external shareholders Ishaan and Ishita Bhartia.
Shareholders and Promoters’ Information Regarding Offloading Stocks.
- Vinay Gupta and Ruchira Gupta, the promoters of this firm, are selling 3,00,000 shares.
- Biren Parnami and Manoj Modi, also promoters, are offloading 3,60,000 shares.
- Ishaan Bhartia and Ishita Bharti, shareholders, are going to sell 3,00,000 shares.
Swastika Infra IPO Proceed deployment.
As per the sources, ₹145 Crore would be utilized for the working capital requirements. This is a reflection of capital-intensive EPC contracts and the company’s project pipeline. A portion of the proceeds will also go towards general corporate purposes.
Swastika Infra specializes in below EPC projects.
- Underground cabling
- Construction of substations (both GIS and AIS)
- Rural and urban electrification
- Street lighting infrastructure
Swastika Infra’s Financial Information
The total income increased from ₹59.5 crore in FY22 to ₹211.33 crore in FY24. While PAT(Profit After tax) was ₹2.95 crore in FY22, ₹10.25 crore in FY23, ₹13.98 crore in FY24 and ₹5.96 crore in H1 FY25 respectively.
Swastika Infra IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Swastika Infra Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ₹59.54 | ₹55.29 | ₹2.95 |
| 2023 | ₹154.32 | ₹140.42 | ₹10.25 |
| 2024 | ₹211.33 | ₹192.50 | ₹13.98 |
| September 2024 | ₹100.52 | ₹92.46 | ₹5.97 |
Swastika Infra IPO Valuation – FY2024
Swastika Infra IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹5.65 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 32.84% |
| Net Asset Value (NAV): | ₹20.03 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Rajesh Power Services Limited | 17.10 | 52.34 | 30.87 | 55.40 | – Cr. |
Objects of the Issue
- Funding incremental working capital requirements of our Company;
- General corporate purposes.
IPO Lead Managers aka Merchant Bankers
- Srujan Alpha Capital Advisors LLP
- PhillipCapital (India) Private Limited
