Savy Infra & Logistics Limited, a Gandhinagar-based Engineering, Procurement, and Construction (EPC) company, made its debut on the NSE SME platform today, July 28, 2025. The company’s ₹69.98 crore IPO, which was open for subscription from July 21 to July 23, 2025, witnessed an overwhelming response, achieving a subscription rate of 114.5 times. Investors applied for 44.40 crore equity shares against the 38.78 lakh shares offered, driven by strong demand across all investor categories. The grey market premium (GMP) indicates a potential listing price of around ₹146 per share, a 21.67% premium over the issue price of ₹120, reflecting positive investor sentiment.
IPO Details
The Savy Infra & Logistics IPO was a book-built issue comprising a fresh issue of 58.32 lakh equity shares with a face value of ₹10 each, aggregating to ₹69.98 crore, with no offer-for-sale component. The price band was set at ₹114–₹120 per share, with a minimum lot size of 1,200 shares, requiring a minimum investment of ₹2,88,000 for retail investors and ₹4,32,000 for HNIs applying for three lots (3,600 shares). The issue allocated 35% to retail investors, 50% to Qualified Institutional Buyers (QIBs), and 15% to Non-Institutional Investors (NIIs). The retail portion was subscribed 91.62 times, NIIs 196.44 times, and QIBs 93.02 times, showcasing robust demand. Unistone Capital Pvt Ltd served as the book-running lead manager, Maashitla Securities Private Limited as the registrar, and Globalworth Securities Limited as the market maker.[](https://www.chittorgarh.com/ipo/savy-infra-and-logistics-ipo/2305/)[](https://www.livemint.com/market/ipo/savy-infra-logistics-ipo-allotment-today-heres-how-to-check-status-and-latest-gmp-11753334899220.html)[](https://www.goodreturns.in/ipo/savy-infra-logistics-ipo-subscribed-114x-check-allotment-status-gmp-and-listing-date-details-1444523.html)
Company Overview
Incorporated in January 2006, Savy Infra & Logistics specializes in earthwork and foundation preparation for infrastructure projects, including road construction, embankments, sub-grade preparation, granular sub-bases, and bituminous or concrete surfaces. The company has expanded its services to include excavation, grading, utility work, paving, and demolition, serving clients in infrastructure, steel, and mining sectors across Gujarat, Maharashtra, Andhra Pradesh, Telangana, Madhya Pradesh, Chhattisgarh, Karnataka, and Odisha. Operating an asset-light model, Savy Infra rents advanced machinery like rock breakers and heavy excavators and provides Full Truck Load (FTL) logistics services. With 33 full-time employees as of November 2024 and under the leadership of promoters Liladhar Mundhra and Tilak Mundhra, the company has ongoing projects and confirmed orders worth ₹430 crore.[](https://www.chittorgarh.com/ipo/savy-infra-and-logistics-ipo/2305/)[](https://ipocentral.in/savy-infra-ipo-gmp-review-price-allotment/)[](https://www.chittorgarh.com/ipo_review/savy-infra-and-logistics-ipo/4609/)
Financial Performance
Savy Infra reported significant financial growth, with revenue rising 179% to ₹101.62 crore in FY24 from ₹6.19 crore in FY23, and Profit After Tax (PAT) increasing 142% to ₹9.96 crore from ₹0.34 crore. The IPO’s price-to-earnings (P/E) ratio is 7.53, with an Earnings Per Share (EPS) of ₹15.94, and the post-IPO market capitalization is estimated at ₹249.70 crore. The net proceeds, approximately ₹49 crore, will be used for working capital requirements, with the remainder for general corporate purposes. Analysts suggest the IPO is fully priced but recommend it for medium- to long-term investment due to the company’s strong order book and cost-efficient model.[](https://www.chittorgarh.com/ipo/savy-infra-and-logistics-ipo/2305/)[](https://univest.in/blogs/savy-infra-logistics-ltd-ipo)[](https://www.chittorgarh.com/ipo_review/savy-infra-and-logistics-ipo/4609/)
Market Sentiment and Grey Market Premium
The IPO’s grey market premium (GMP) has been volatile, ranging from ₹11 to ₹25 in the days leading up to the listing. As of July 23, 2025, the GMP was reported at ₹23, suggesting a listing price of around ₹143, though recent market sources indicate a GMP of ₹26, pointing to a potential listing at ₹146, a 21% premium over the issue price. Posts on X reflect positive sentiment, with investors noting the IPO’s attractive valuation at a 10x P/E ratio and strong subscription numbers, though some caution against expecting significant P/E rerating in the EPC and logistics sector. The high subscription and GMP suggest moderate to strong listing gains, but investors are advised to consider fundamentals over GMP volatility.[](https://www.livemint.com/market/ipo/savy-infra-logistics-ipo-allotment-today-heres-how-to-check-status-and-latest-gmp-11753334899220.html)[](https://groww.in/blog/savy-infra-and-logistics-ipo-allotment-status)
Key Dates and Allotment
- Subscription Period: July 21, 2025 – July 23, 2025
- Allotment Finalization: July 24, 2025
- Shares Credited to Demat Accounts: July 25, 2025
- Listing Date: July 28, 2025
- Allotment Status Check: Available on Maashitla Securities (https://maashitla.com/allotment-status/public-issues) or NSE website
Investors can check allotment status by visiting the NSE website, selecting “Equity & SME IPO bid details,” choosing “SAMAY,” and entering their PAN and application number, or by accessing Maashitla Securities’ portal and selecting “Savy Infra & Logistics Limited.”[](https://groww.in/blog/savy-infra-and-logistics-ipo-allotment-status)[](https://upstox.com/news/market-news/ipo/savy-infra-and-logistics-ipo-allotment-how-to-check-status-online-on-nse-maashitla-securities-check-listing-date/article-178583/)
For further details, contact Savy Infra & Logistics at Office No. 718, Seventh Floor, Sharan Circle Business Hub, Zundal, Gandhinagar, Gujarat-382421; Phone: +91 9227027522; Email: compliance@savyinfra.com; Website: https://www.savyinfra.com.
Disclaimer: SME IPOs carry higher risks due to their smaller scale and market volatility. Investors should thoroughly assess the company’s financials, industry trends, and risk tolerance before investing. This article is for informational purposes only and not investment advice.
