Jaipur-Based EPC Firm Plans Fresh Issue and OFS; Eyes ₹40 Crore via Pre-IPO Round
New Delhi, April 4 – Swastika Infra, a leading engineering, procurement, and construction (EPC) company specializing in power distribution infrastructure, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an Initial Public Offering (IPO).According to the draft documents filed on March 30, the IPO comprises a fresh issue of equity shares aggregating ₹200 crore and an Offer for Sale (OFS) of 19.2 lakh shares by the company’s promoters and existing shareholders.
Pre-IPO Placement and Fund Utilization
Swastika Infra is aiming to raise ₹40 crore in a pre-IPO placement. Should this round materialize, the size of the fresh issue will be adjusted accordingly.Out of the fresh issue proceeds, ₹145 crore is earmarked for funding incremental working capital requirements, while the remaining funds will be allocated for general corporate purposes.
Track Record and Operations
Headquartered in Jaipur, Swastika Infra has built a robust presence in the power infrastructure space. As of February 2025, the company has executed EPC projects covering 8,519.50 circuit kilometers of distribution lines. Its portfolio includes 34 completed power distribution infrastructure projects across four Indian states.In addition to its core EPC business, Swastika Infra also generates revenue from the procurement and sale of power cables and electrical items, diversifying its income streams.
