Savy Infra IPO set for debut today. GMP hints at healthy listing pop
Savy Infra and Logistics will list on NSE SME platform on July 28. The IPO saw massive oversubscription. HNIs led the bids. Retail and institutional investors showed strong support. The grey market premium suggests a listing around Rs 146. The company is an EPC contractor. It focuses on infrastructure groundwork and logistics. Savy Infra boasts substantial order flows.
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Financials and Valuation
Listing Outlook
After drawing remarkable investor interest across categories, Savy Infra and Logistics is set to list on the NSE SME platform on July 28. The company's Rs 69.98 crore IPO closed with an overall subscription of 114.5 times, led by massive bids from HNIs and strong support from retail and institutional investors.Adding to the buzz is a grey market premium (GMP) of Rs 26, or 22%, over the issue price of Rs 120 per share, suggesting a possible listing around Rs 146. While GMPs are not always indicative of listing performance, the premium reflects strong demand in the unlisted market ahead of debut.The IPO, which ran from July 21 to July 23, saw NII (HNI) bids overshoot by 196.44 times, followed by QIBs at 93.02 times and retail investors at 91.62 times.Savy Infra and Logistics is an EPC contractor involved in large-scale infrastructure groundwork—particularly earthmoving, foundation preparation, and demolition—as well as associated logistics and equipment rental services. The company operates on an asset-light model, offering scalability and capital efficiency.With operations across eight states, Savy Infra has handled major government and private sector contracts and currently boasts order flows worth Rs 430 crore. As of April 2025, it employed 33 full-time workers across sites, reflecting lean operational management.The company has posted explosive financial growth in FY25. Revenue rose 179% YoY to Rs 283.77 crore, while PAT surged 142% to Rs 23.88 crore.The IPO proceeds will go primarily toward working capital needs (Rs 49 crore), with the rest for general corporate purposes.Backed by strong financials, sector tailwinds, and robust investor response, Savy Infra appears well-positioned for a solid debut.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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