Savy Infra IPO Opens July 21, Price Band At ₹114-₹120, No GMP Premium Yet

Key Highlights:

- IPO opens July 21 and closes July 23, priced at Rs 114–Rs 120.

- Entirely fresh issue worth Rs 69.98 crore; no OFS component.

- Grey market premium stands at Rs 0 as of today.

Mumbai: Savy Infra and Logistics Ltd’s initial public offering (IPO) is scheduled to open for subscription on Monday, July 21, and will close on Wednesday, July 23. The IPO has a price band of Rs 114 to Rs 120 per equity share, with a minimum bid lot of 1,200 shares, and bids can be placed in multiples thereafter. The face value of each equity share is Rs 10.

The public issue is entirely a fresh issue of 58,32,000 equity shares, amounting to a total size of Rs 69.98 crore. There is no Offer for Sale (OFS) component in the issue.

Company Profile and Operations

Savy Infra and Logistics Ltd is an engineering, procurement, and construction (EPC) firm specializing in earthworks and foundational infrastructure services. These include road and embankment construction, sub-grade preparation, and surface paving.

The company also provides demolition services, carefully dismantling structures to make way for redevelopment. Operating on an asset-light model, Savy Infra leases trucks and equipment such as rock breakers and mechanical excavators, and manages the associated logistics.

Its services span shoring, strutting, side protection, slush removal, and excavated material disposal. The firm has successfully completed projects across several states including Gujarat, Maharashtra, Andhra Pradesh, Telangana, Madhya Pradesh, Chhattisgarh, Karnataka, and Odisha.

Financials and Market Position

According to the Red Herring Prospectus (RHP), Savy Infra’s listed peers include:

- AVP Infracon Ltd (P/E of 14.08)

- Ganesh Infraworld Ltd (P/E of 14.34)

- Active Infrastructure Ltd (P/E of 19.34)

Proceeds from the IPO will primarily be used to meet working capital requirements and for general corporate purposes.

IPO Management and Registrar

Unistone Capital Pvt Ltd is acting as the book-running lead manager, while Maashitla Securities Private Limited is the registrar for the issue.

GMP Status as of Today

As of now, the grey market premium (GMP) for Savy Infra IPO is Rs 0, indicating no premium or discount in unofficial trading. This means that grey market investors are currently valuing the stock at par with its upper issue price of Rs 120.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult financial advisors and read the red herring prospectus carefully before investing in any IPO or securities.