The Savy Infra IPO, a SME IPO which opened on July 21, 2025, closed today, July 23, 2025. The IPO aimed to raise ₹69.98 crore through a fresh issue of 58,32,000 equity shares.
Subscription Status
By 10:04:59 AM on the final day, the IPO was subscribed 11.23 times. The retail portion was subscribed 12.08 times, the Qualified Institutional Buyers (QIB) portion 5.79 times, and the Non-Institutional Investors (NII) portion 16.52 times. On day 2, the IPO was subscribed 5.19 times. The strong subscription numbers indicate significant investor interest in the IPO. On the first day, the IPO was subscribed 3.27 times.
Grey Market Premium (GMP)
The Grey Market Premium (GMP) for Savy Infra IPO has shown positive trends. On July 22, 2025, the GMP was ₹21, indicating that the Savy Infra share price was trading at a premium of ₹21 in the grey market. With the IPO price fixed at ₹120, the estimated listing price was indicated at ₹141 apiece, 17.50% higher than the IPO price. The GMP has fluctuated, with a high of ₹21 on July 23 and a low of ₹11 on July 18. As of today, the Savy Infra IPO Subject to Sauda is ₹19,200.
IPO Details
The IPO price band was set at ₹114 to ₹120 per share, with a face value of ₹10 per share. Investors could bid for a minimum lot size of 1,200 equity shares. For retail investors, the minimum investment required was ₹2,73,600 for 2,400 shares. For High Net Worth Individuals (HNIs), the minimum application size was 3 lots (3,600 shares), amounting to ₹4,32,000.
Issue Purpose and Company Details
The funds raised from the IPO will be used to meet the company's working capital needs and for general corporate activities. Savy Infra & Logistics Limited is an engineering, procurement, and construction (EPC) company specializing in earthwork and foundation preparation for infrastructure projects. The company's services include earthwork, demolition, and rental of machinery.
Financial Performance
In FY25, the company reported revenue of ₹28,339.05 lakh and a net profit of ₹2,387.79 lakh. The Earnings Per Share (EPS) stood at ₹16.59, and the Net Asset Value (NAV) per share was ₹34.89. The company's order book was valued at ₹230.56 crore.
Key Dates
Book Running Lead Manager and Registrar
Unistone Capital Private Limited is the book-running lead manager for the IPO, while Maashitla Securities Private Limited is the registrar. Globalworth Securities Limited is the market maker for the IPO.
Listing and Market Capitalization
The shares are proposed to be listed on NSE SME. The post-issue market capitalization of the company is expected to be ₹250 crore.
