Swastika Infra IPO
Swastika Infra IPO is a mainboard IPO raising ₹161 Cr at ₹175 – ₹185 a share. It listed on 30 Sept 2026 at ₹200, +8.1% against its issue price of ₹185, and trades at ₹195 today (+5.6% since issue). It was subscribed 7.60× in total.
7.6 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 17,88,572 | 57,55,941 | 3.22× |
| Foreign Institutional Investors | no separate quota | 23,33,286 | n/a |
| Domestic Financial Institutions | no separate quota | 5,47,155 | n/a |
| Mutual funds | no separate quota | 0 | n/a |
| Others | no separate quota | 28,75,500 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 13,63,929 | 2,52,33,525 | 19× |
| Non Institutional Investors | 9,09,286 | 1,81,89,522 | 20× |
| Corporates | no separate quota | 4,23,630 | n/a |
| Individuals | no separate quota | 1,70,00,604 | n/a |
| Others | no separate quota | 7,65,288 | n/a |
| Non Institutional Investors | 4,54,643 | 70,44,003 | 15× |
| Corporates | no separate quota | 24,381 | n/a |
| Individuals | no separate quota | 67,09,716 | n/a |
| Others | no separate quota | 3,09,906 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 31,82,500 | 1,71,61,794 | 5.39× |
| Cut Off | no separate quota | 1,54,77,642 | n/a |
| Price bids | no separate quota | 16,84,152 | n/a |
| Total | 63,35,001 | 4,81,51,260 | 7.60× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 25 Sept, 07:50 pm IST.
Where the bids landed
Demand barely changes across the price band — bidders were not price-sensitive. 32% of the book was bid at cut-off — investors who accept whatever price is set.
Cumulative shares bid for at each price, across both exchanges. “Cut-off” means the investor accepts whatever final price is set — mostly small retail applications. A band where demand barely changes between the low and high price tells you bidders were not price-sensitive.
How demand built
Our own series — the exchanges publish a running total and never a history.18 readings held.
Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.