Vidhigya Associates acts on Swastika Infra’s ₹200 crore IPO and pre-IPO placement

Swastika Infra Limited has raised an aggregate of ₹200.88 crore through its Initial Public Offering and pre-IPO placement.

The IPO comprised a fresh issue of ₹128.50 crore and an Offer for Sale of ₹32.38 crore. Prior to the IPO, the Company undertook a Pre-IPO Placement of 24,24,242 Equity Shares aggregating ₹40 crore, which was completed prior to the filing of the Red Herring Prospectus. The amount raised pursuant to the Pre-IPO Placement was adjusted against the Fresh Issue.

Vidhigya Associates, Advocates acted as Legal Counsel to the Offer.

The transaction team comprised Rahul Pandey (Managing Partner), Vedang Mehta (Associate Partner) and Yash Desai (Senior Associate).

Swastika Infra is an engineering, procurement and construction company specialising in power transmission and distribution infrastructure projects, with capabilities spanning underground cabling, substations, rural and urban electrification, street lighting and renewable energy projects.

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