case₹4.7 Crpage 352
Swastika Infra Ltd vs State of Rajasthan & Ors — Civil Writ Petition 6323 of 2026 (HC Rajasthan): company challenges coercive recovery of ₹3,60,46,740.34 and encashment of PBGs of ₹1,08,82,000 arising from AG audit of DDUGJY work
ListedMainboardEngineering - ConstructionSWASTIKAIN
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.
₹185
Issue price
₹195
Price now
+5.6%
Since issue price
30 Sept 2026
Listed on
7.60×Subscribed (final) · all exchanges
7.6 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
What’s in court
The issuer’s own summary of outstanding legal proceedings — SEBI requires this table in every prospectus. Counts and amounts are as disclosed; the disclosed aggregate at stake is ₹2.7 Cr.
| Against | Criminal | Tax | Other material | Amount at stake |
|---|---|---|---|---|
| The company | 0 | 4 | 2 | ₹0.4 Cr |
| Promoters | 0 | 4 | 0 | ₹2.2 Cr |
| Directors | 0 | 0 | 0 | — |
| Group companies | 0 | 0 | 0 | — |
case₹1.6 Crpage 354
Income tax demand of ₹1,60,99,084 under s.147 IT Act, AY 2016, against promoter Vinay Gupta
case₹0.6 Crpage 354
Income tax demand of ₹62,38,630 under s.154 IT Act, AY 2015, against promoter Vinay Gupta
case₹0.3 Crpage 353
GST demand ₹31,84,080 against the Company (demand ID ZD1909240324646 dated 23-Sep-2024, West Bengal)
casepage 351
Swastika Infra Pvt Ltd vs State of Rajasthan & Ors — Civil Writ Petition 8325 of 2021 (HC Rajasthan): company seeks enforcement of price-variation directions for copper transformers; amount not ascertainable
All amounts converted from ₹ Lakhs (as stated) to ₹ crore (1 crore = 100 lakh). Company tax aggregate ₹44.62 L = ₹0.4462 Cr; Promoter tax aggregate ₹224.02 L = ₹2.2402 Cr; grand total ₹268.64 L = ₹2.6864 Cr (sum of stated tax buckets only — civil-litigation amounts are 'Not Ascertainable'). Material civil cases filed by Company: 2 (amount not ascertainable). No litigation disclosed for Directors (non-Promoter), KMPs/SMPs, Subsidiaries, or Group Companies. GST demand of ₹12,19,198 (West Bengal, ID ZD190924032423C, 23-Sep-2024) and TDS TRACES demands of ₹36,700 (FY08-09) and ₹22,250 (FY07-08) form the balance of the Company's indirect/direct tax cases. Income-tax demand of ₹64,034 (AY 2016, s.147) and ₹10 (AY 2022, s.143(1)(a), Vatsalya Gupta) also constitute the Promoters' tax cases.. Outstanding means unresolved — a listed case is an exposure, not a verdict.
Source documents
What the issuer and the exchanges published. Everything else on this tab is read out of these.
Prospectus on SEBI ↗
The full prospectus — business, financials, risk factors and litigation.
Anchor investor allocation ↗
Which institutions were allotted shares before bidding opened, and how many.
Bidding centres ↗
Where physical applications could be submitted.
Basis of issue price (peer ratios) ↗
The issuer's own "basis of issue price": the earnings multiples it is asking for, and the peer companies it chose to compare itself against.
Red Herring Prospectus ↗
The full prospectus — business, financials, risk factors and litigation.