World · India Bureau
Swastika Infra Shares Rally 8% on Strong IPO Debut
Swastika Infra's initial public offering received overwhelming investor demand, with shares listing at a premium to their issue price. The company's IPO was oversubscribed nearly eight times during the bidding period.
LSN India ·
Swastika Infra's initial public offering concluded with strong investor interest, with shares listing at an 8% premium to their issue price on the Indian stock exchange. The IPO saw robust demand across investor categories during its three-day subscription window.
The offering received bids for over 4.81 crore shares against approximately 63.35 lakh shares on offer, resulting in a subscription multiple of 7.60 times. The final day of bidding on September 25 demonstrated continued investor confidence in the infrastructure sector offering.
The strong debut reflects growing appetite among retail and institutional investors for infrastructure-focused companies. Swastika Infra's listing performance positions it favorably as the infrastructure segment continues to attract capital amid India's ongoing development initiatives.
The company's successful market entry follows a period of robust activity in the primary market, as investors seek exposure to the infrastructure space through public market offerings.