Savy Infra and Logistics IPO fully subscribed within hours on opening day: Check price band, lot size, key dates and more

Savy Infra IPO: The initial public offering of Gandhinagar-based EPC player Savy Infra and Logistics was fully subscribed within hours on Monday, July 21, the first day of subscription. The issue will end on July 23. The price band has been set at ₹114 to ₹120 per share.

The SME IPO has been booked 1.01 times so far, as it secured bids for 42,10,800 shares compared to 42,10,800 shares on offer, according to data on NSE until 11:27 am.

The ₹69.98 crore initial share sale is exclusively a fresh issuance of up to 58.32 lakh equity shares.

The funds raised to the tune of ₹49 crore will be used for funding working capital needs. A part will also be utilised for general corporate purposes.

"The capital raised will support our working capital needs and enable us to scale both the EPC and logistics divisions efficiently," Savy Infra & Logistics Chairman and MD Tilak Mundhra said.

Savy Infra and Logistics IPO: Lot size

A lot consists of 1,200 shares. For individual investors, the minimum investment is 2,400 shares.

Half of the net issue is reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.

Savy Infra & Logistics IPO: Key dates

Savy Infra IPO GMP

About the company

Savy Infra and Logistics is an engineering, procurement, and construction (EPC) company with a focus on infrastructure projects such as road construction, sub-grade preparation, embankments, granular sub-bases and concrete or bituminous surfaces.

As a part of its logistics segment, it provides full truck load (FTL) services to customers in the infrastructure, mining and steel sectors. It operates an asset-light business model; it provides specialised services by renting trucks and drivers and managing the execution of transportation.

The company also offers logistics services through an asset-light model by renting trucks and drivers.

In FY25, the firm posted revenue from operations of ₹283.39 crore and a net profit of ₹23.88 crore.

Unistone Capital is the only book-running lead manager of the issue, and Maashitla Securities is the registrar.