At the upper end of the price band, the company is valued at a post-issue market capitalization of Rs 250 crore. The grey market premium (GMP) stood at around Rs 14 on listing eve, indicating a 12% premium over the issue price.
Investors can apply for a minimum of 2,400 shares.
Unistone Capital is the sole book-running lead manager for the issue, while Maashitla Securities is the registrar. Globalworth Securities will act as the market maker.
About the company
Savy Infra and Logistics operates as an engineering, procurement, and construction (EPC) company with a focus on earthwork, foundation preparation, and logistics. It also offers demolition services and machinery rentals like heavy excavators and rock breakers.
The company has executed infrastructure and logistics projects across multiple Indian states, including Gujarat, Maharashtra, Telangana, and Andhra Pradesh. Its asset-light model enables lean operations and financial agility.For FY25, the company reported a 179% surge in revenue to Rs 284 crore, while profit after tax rose 142% to Rs 23.88 crore. EBITDA stood at Rs 35.62 crore.
IPO proceeds
Of the total proceeds, Rs 49 crore will be used to fund working capital requirements, with the remaining allocated to general corporate purposes.
The IPO has garnered strong interest in the grey market and is being closely watched by SME investors seeking exposure to infrastructure-linked growth.
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