The initial public offer (IPO) of Savy Infra and Logistics received bids for 1,35,28,800 shares as against 41,71,200 shares on offer, as per NSE data as of 17:00 hours on Monday (21 July 2025). The issue was subscribed 3.24 times.
The issue opened for bidding on Monday (21 July 2025) and it will close on Wednesday (23 July 2025). The price band of the IPO is between Rs 114 to 120 per share. The minimum order quantity is 1,200 equity shares. The equity shares will list on NSE’s SME platform.
The IPO comprises fresh issue of 58,32,000 shares. About 2,92,800 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 55,39,200 equity shares. The issue and the net issue will constitute 28.03% and 26.62% respectively of the post issue paid up equity share capital of the company.
The company intends to utilize the net proceeds for funding of working capital requirements of company and for general corporate purpose.
Ahead of the IPO, Savy Infra and Logistics on Friday, 18 July 2025, raised Rs 19.92 crore from anchor investors. The board allotted 16.60 lakh shares at Rs 120 per share to 15 anchor investor.
Savy Infra and Logistics is an engineering, procurement and construction (EPC) company focused on earthwork and foundation preparation for infrastructure projects such as road construction, embankments, sub-grade preparation, granular sub-bases, and bituminous or concrete surfaces. The company offers demolition services, safely dismantling structures for new projects. The company operates an asset-light business model offering specialized services by renting trucks and drivers and managing the execution of transportation. The company also rents advanced machinery like rock breakers and heavy excavators, employing mechanical excavators for excavation. Services include shoring, strutting, side protection, slush removal, and disposal of excavated materials. As of 30 April 2025, the company had 33 full time employees.
The company recorded revenue from operations of Rs 283.39 crore and net profit of Rs 23.87 crore for the period ended 31 March 2025.