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Swastika Infra IPO Receives Over Two Times Subscription Ahead of September 30 Listing

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Swastika Infra IPO Receives Over Two Times Subscription Ahead of September 30 Listing

Analysed 25 Sept 2026·11 sources analysed·India·Business
Swastika Infra IPO Receives Over Two Times Subscription Ahead of September 30 ListingPreviousNext

Swastika Infra's IPO, priced between Rs 175-185 per share, received strong investor interest, with subscription rising from 1.24 times on Day 2 to over 2 times by mid-Day 3. Non-institutional investors led demand, followed by retail investors. The Rs 161-crore issue includes fresh shares and an offer for sale, with listing scheduled for September 30 on BSE and NSE. Grey market premiums ranged from Rs 5 to Rs 9, indicating modest expected listing gains. Anchor investors committed Rs 48.26 crore ahead of the IPO.

Sentiment
61%
TBN's observations

First-hand measurement across 9 sources

We measured how 9 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is positive (61/100). Lens Score 46/100.

Outlets measured: moneycontrol, moneycontrol, businessstandard, thetribune, news18, moneycontrol, businessstandard, economictimes, and 1 more. See how each one headlined and framed the same story in the source comparison below.

AI analysis of 9 sources · Published under editorial oversight by The Balanced News
Analysed 25 Sept 2026· How this analysis is produced· Editorial standards· Corrections

AI Analysis

Sentiment — Positive (61/100)

Sentiment was consistent across outlets (50–65/100), indicating broadly factual reporting rather than editorialising.

Coverage timeline

moneycontrol broke this story on 22 Sept, 05:05 pm. Other outlets followed.

22 Sept, 05:05 pm9 sources · 38 h24 Sept, 07:34 am
AI analysis by the TBN Bias Engine · beat methodology byMrunal Wange· Business & Economy Editor· editorial standards byOjas Kale
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  1. 1
    moneycontrol22 Sept, 05:05 pm
    Swastika Infra raises Rs 48.26 crore from anchor investors ahead of Rs 161 crore IPO- Moneycontrol.com
  2. 2
    economictimes23 Sept, 03:35 am
    Swastika Infra IPO opens today: GMP signals 5 listing gain, check key details
  3. 3
    businessstandard23 Sept, 05:24 am
    Swastik Infra IPO: Analysts decode risks, valuation rationale, strategy
  4. 4
    moneycontrol23 Sept, 06:07 am
    Swastika Infra IPO subscribed 11 so far on Day 1; check latest GMP- Moneycontrol.com
  5. 5
    news1823 Sept, 11:47 am
    Swastika Infra Limited Announces Launch of Initial Public Offering
  6. 6
    thetribune23 Sept, 11:53 am
    Swastika Infra Limited Announces Launch of Initial Public Offering - The Tribune
  7. 7
    businessstandard23 Sept, 12:29 pm
    Swastika Infra IPO subscribed 96 on day 1
  8. 8
    moneycontrol24 Sept, 07:31 am
    Swastika Infra IPO fully subscribed on Day 2; check latest GMP
  9. 9
    moneycontrol24 Sept, 07:34 am
    Swastika Infra IPO fully subscribed on Day 2; check latest GMP- Moneycontrol.com

Who's involved

Institutions and figures named across source coverage.

Corporate
Minerva VenturesAsas Global Fund Incorporated Venture Capital CompanyPhillipCapital India Private LimitedSwastika Infra LimitedSrujan Alpha Capital Advisors Limited Liability PartnershipShine Star Build-CapLongthrive Capital Venture Capital CompanyKrone FinstockPhillipCapital IndiaLink Intime India Private LimitedSwyom India Alpha FundSwastika Infra

Story context

Category
Business
Location
India
Sources analysed
11
Last analysed
25 Sept 2026
Key entities
Gross metropolitan productInitial public offeringSwastikaIndian rupeeNational Stock Exchange of IndiaLakhCroreIndiaGrey marketBombay Stock ExchangeEngineering, procurement, and constructionTurnkey