The initial public offer (IPO) of Savy Infra and Logistics received bids for 44,43,68,400 shares as against 41,71,200 shares on offer. The issue was subscribed 106.53 times.
Qualified Institutional Buyers (QIBs) bid for 10,30,24,800 shares, Non-Institutional Investors (NIIs) for 16,36,59,600 shares, while individual investors (IND category bidding for 2 lots) placed bids for 17,76,84,000 shares.
The issue opened for bidding on 21 July 2025 and it closed on 23 July 2025. The price band of the IPO was set at Rs 114 to 120 per share. The equity shares will list on NSE's SME platform.
The IPO comprised fresh issue of 58,32,000 shares. 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 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. 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.