logo
Savy Infra IPO sees strong demand on Day 2; check subscription data, GMP

Savy Infra IPO sees strong demand on Day 2; check subscription data, GMP

Savy Infra IPO subscription status: Savy Infra & Logistics continues to receive the favourable response for its initial public offering (IPO) on the second day of subscription. The public issue, which opened for subscription on July 21, has received the bids for 2,52,43,200 equity shares against 41,71,200 on offer, leading to an oversubscription of 6.05 times till around 2:18 PM on Tuesday, July 22, showed the NSE data.
The public issue received the highest demand from the retail investors who oversubscribed the category reserved for them by nearly 7 times. This has been followed by the qualified institutional buyers (QIBs) of 6 times, and non-institutional investors (NIIs) of 4.5 times.
Savy Infra IPO issue size, price band
The public issue consists entirely of a fresh issue of 5.83 million equity shares aggregating up to ₹69.98 crore. The public issue is being offered at a price band of ₹120–144 per share and a lot size of 1200 shares. A retail investor can bid for a minimum of 2 lots (2,400 shares) and in multiples of 1200 shares thereafter, with a minimum investment of ₹2,88,000.
Savy Infra IPO grey market premium (GMP) today
The unlisted shares of Savy Infra were commanding a solid premium in the grey markets on Tuesday. According to the sources tracking grey market activities, the unlisted shares of the company were trading at around ₹141 per share, reflecting a grey market premium (GMP) of ₹21 or 17.50 per cent over the upper end of the issue price of ₹120, revealed the sources tracking unofficial market activities.
Savy Infra IPO objective
According to the company's Red Herring Prospectus (RHP), the company will utilise the funds raised through the IPO for funding working capital requirements of the company as well as for general corporate purposes.
Savy Infra IPO allotment date, listing date
The three-day subscription window will close on July 23. The basis of share allotment is expected to be finalised on July 24, with shares credited to successful applicants' demat accounts on July 25.
Savy Infra shares are scheduled to list on the NSE SME platform on July 28, 2025.
Savy Infra IPO registrar, lead manager
Maashitla Securities is acting as the registrar to the issue, while Unistone Capital is serving as the sole book-running lead manager.
About Savy Infra & Logistics
Savy Infra & Logistics is an Engineering, Procurement and Construction (EPC) company focused on earthwork and foundation preparation for infrastructure projects such as road construction, embankments, sub-grade preparation, granular sub-bases, and bituminous or concrete surfaces. Over the years, the company has gradually expanded from supplying quartzite for infrastructure projects to providing a range of services, including excavation, grading, utility work, and paving. Initially focused on earthwork and foundation activities, the company has also extended its expertise to managing the logistics of excavated materials, ensuring their efficient transportation and disposal.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Savy Infra & Logistics stock jumps nearly 20 pc in debut trade on NSE SME
Savy Infra & Logistics stock jumps nearly 20 pc in debut trade on NSE SME

News18

timean hour ago

  • News18

Savy Infra & Logistics stock jumps nearly 20 pc in debut trade on NSE SME

New Delhi, Jul 28 (PTI) Shares of Savy Infra and Logistics on Monday ended with a premium of nearly 20 per cent against the issue price of Rs 120 per share on the NSE's SME platform Emerge. The shares were listed at Rs 136.50 per share on the NSE SME index, at a premium of 13.75 per cent. Later, it closed at Rs 143.30 apiece, a premium of 19.42 per cent on the bourse. The market capitalisation of the company stood at Rs 298.19 crore on the NSE SME. In volume terms, 32.29 lakh equity shares were traded on the exchange during the day. The Rs 70-crore initial public offering (IPO) of Savy Infra and Logistics garnered a stellar response from the investors by subscribing 114.50 times on the closing day of bidding on Wednesday last week. The initial share sale had a price band at Rs 114-120 per share. The issue is entirely a fresh issue of 58.32 lakh shares. Gandhinagar-based EPC player Savy Infra & Logistics is engaged in the business of engineering, procurement, and construction (EPC) and logistics, with a focus on infrastructure projects. The company also offers logistics services through an asset-light model by renting trucks and drivers. The company reported revenue from operations of Rs 283.39 crore and profit after tax of Rs 23.88 crore in FY25. PTI HG TRB view comments First Published: July 28, 2025, 18:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

INR pares early gains to settle lower
INR pares early gains to settle lower

Business Standard

timean hour ago

  • Business Standard

INR pares early gains to settle lower

The Indian rupee pared initial gains and settled for the day 15 paise lower at 86.67 (provisional) against the US dollar on Monday, tracking sharp gains in the American currency overseas. Investors are cautiously awaiting the outcome of India-US trade talks ahead of the August 1 deadline. Moreover, a negative trend in the domestic equity markets dented investors' sentiments further. Indian shares fell notably on Monday as caution prevailed ahead of the U.S. tariff deadline set to take effect later this week. The benchmark BSE Sensex tumbled 572.07 points, or 0.70 percent, to 80,891.02, with selling seen across sectors. The broader NSE Nifty index dropped 156.10 points, or 0.63 percent, to 24,680.90. Meanwhile, investors also remained cautious ahead of the US Federal Reserve and Bank of Japan's monetary policy decisions next week. On the NSE, USDINR ended at 86.57, up 0.17% on the day.

NSE is still the first achievement and probably the largest I will ever have: Ashish Chauhan
NSE is still the first achievement and probably the largest I will ever have: Ashish Chauhan

Economic Times

time2 hours ago

  • Economic Times

NSE is still the first achievement and probably the largest I will ever have: Ashish Chauhan

Ashish Chauhan, MD & CEO, NSE, says in a way, his life in the stock market started with the NSE. He was a part of the team that set up NSE originally and most of what is considered as NSE now including screen based trading or Nifty or derivatives were in a way reporting to him. After almost 34 years since he started working on NSE, it is still the first achievement and probably the largest he will ever have. ADVERTISEMENT A boy from IIT Bombay, IIM Calcutta to this glorious journey that you have had and now you have a book on your life as well. How does it feel? Ashish Chauhan: It is life as usual. Basically, the book is not written by me, somebody else has written and the book captures some portion of my journey from childhood. So, in a way, it is kind of déjà vu, but with somebody else's perspective. Absolutely. But it must feel special, right? You have a legacy and now you have a documented legacy. Ashish Chauhan: Yes, why not? In some ways, you feel a little different when somebody or some book comes about your life. I wrote a book on the Bombay Stock Exchange, The Temple of Wealth Creation. At that time, BSE was 140-year-old. So when you write a book, you need to do a lot of research and come up with lots of facts and remove the facts from fiction and so it is hard work. Somebody has done it for me, I am delighted and also grateful. Is the idea of one nation, one exchange feasible? Ashish Chauhan answers Absolutely. And it gives us a peak into your life and how you have gone from strength to strength. What a glorious past you have had BSE, IPL, and now at the helm at the largest stock exchange, National Stock Exchange as well. Ashish Chauhan: In a way, my life in the stock market started with the NSE. I was a part of the team that set up NSE originally and most of what you consider as NSE now including screen based trading or Nifty or derivatives were in a way reporting to me. So, after so many years, almost 34 years since I started working on NSE, is still the first achievement and probably the largest I will ever have. Absolutely that is a feather in your cap. But let us talk about the book a little bit. I was very intrigued by the concept of sthitapragya, rooted in the Bhagavad Gita. What does it mean? Ashish Chauhan: Sthitapragya is a very spiritual word in Bhagavad Gita and it embodies stoicism with spirituality. A person who is nothappy in happiness and not sad in sorrow, a person in equilibrium, who is always balanced and can continue doing their work. That is also the philosophy of sthitapragya . Pragya is knowledge, sthita means steady. The steady knowledge. The person who is steady in the knowledge is a sthitapragya . And in a way you continue to do your work without being elated or in a sorrowful state and continue your duties. And that defines Ashish Chauhan – sthita and pragya , steady knowledge? Ashish Chauhan: No, according to the author, that is how I would put it. ADVERTISEMENT You were part of the formative years of the National Stock Exchange 30 years ago. From there, did you ever imagine that today the National Stock Exchange would be what it is? Ashish Chauhan: The first time when I was told to shift, I was a project finance officer in IDBI in 1991. I joined in '91 after college at IIM and was basically doing project finance. That means you need to do a lot of projections of future cash flows and other things for companies. I was one of the young ones and at that time, computers were not in use. IDBI bought computers. And so people started going on strike. All officers and employees went on strike saying computers will take our jobs. I was just out of college and I started doing Lotus 1-2-3 which was there and my other colleagues would take a month to create those spreadsheets, but once I have prepared, it used to take me a few seconds to change the projections and that was like magic. So, my bosses started thinking that I am good at it, whereas I was actually not an IT engineer. I was a mechanical engineer, who knew how to do Lotus 1-2-3 or Excel sheet as we call now. ADVERTISEMENT But when NSE had to be set up, one of the initial team members dropped out. They needed a young person who was an engineer, who knew IT, and who would not say no – and that was me. That is how life sometimes happens through serendipity. I was moved from the 9th floor to the 19th floor and for me it was just another job. I had no idea of how life would pan out later on, but it has worked out well. So, from that upgrade of 9th to 19th floor, which floor are you headed in next? Ashish Chauhan: Now, of course, I am on the seventh floor of NSE, but life takes you up and down and I have seen my share of things. When you write books like this, you do not write about the not so glorious parts; but naturally every life has its own ups and downs and we need to be acutely aware that what you read is only a small fraction of trials and tribulations people go through and that has been the case for me. I come from a Gujarati medium school and did not know English. So IIT just went into learning English instead of engineering and things like that. I do not see any life without its own internal struggles even if you think that it is rich in so many other ways. (You can now subscribe to our ETMarkets WhatsApp channel)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store