Latest news with #Gandhinagar-based
News18
15 hours ago
- Business
- 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.
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Business Standard
20-07-2025
- Business
- Business Standard
Savy Infra sets SME IPO price band at ₹114-120/share, issue to open Jul 21
Gandhinagar-based EPC player Savy Infra & Logistics on Sunday said it has fixed the price band at ₹114-120 per equity share for its ₹70 crore initial public offer, which will open for public subscription on July 21. The initial public offering (IPO) will conclude on July 23, and the company's shares will be listed on the NSE Emerge, Savy Infra & Logistics said in a statement. The IPO is entirely a fresh issue of up to 5.83 million equity shares. The net proceeds from the public issue worth ₹49 crore will be utilised for funding working capital requirements and a balance for general corporate purposes. "The capital raised will support our working capital needs and enable us to scale both the EPC and logistics divisions efficiently," Savy Infra & Logistics Chairman and MD Tilak Mundhra said. Savy Infra and 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. In FY25, the company reported revenue from operations of ₹283.39 crore and profit after tax of ₹23.88 crore. Unistone Capital is the sole book-running lead manager, and Maashitla Securities is the registrar for the IPO.
Time of India
20-07-2025
- Business
- Time of India
Savy Infra Logistics sets IPO price band at Rs 114-120/share, SME issue opens on Jul 21
Gandhinagar-based EPC player Savy Infra & Logistics on Sunday said it has fixed the price band at Rs 114-120 per equity share for its Rs 70 crore initial public offer, which will open for public subscription on July 21. The initial public offering ( IPO ) will conclude on July 23, and the company's shares will be listed on the NSE Emerge, Savy Infra & Logistics said in a statement. Explore courses from Top Institutes in Select a Course Category Digital Marketing MCA Operations Management Project Management Leadership Technology healthcare Data Analytics Finance Product Management CXO Artificial Intelligence Cybersecurity Data Science MBA Design Thinking others Others Healthcare Degree Data Science Management Public Policy PGDM Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details Skills you'll gain: Digital Marketing Strategy Search Engine Optimization (SEO) & Content Marketing Social Media Marketing & Advertising Data Analytics & Measurement Duration: 24 Weeks Indian School of Business Professional Certificate Programme in Digital Marketing Starts on Jun 26, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Build Your Dream Villa Near Bengaluru Airport Sumadhura Group Learn More Undo The IPO is entirely a fresh issue of up to 58.32 lakh equity shares. The net proceeds from the public issue worth Rs 49 crore will be utilised for funding working capital requirements and a balance for general corporate purposes. "The capital raised will support our working capital needs and enable us to scale both the EPC and logistics divisions efficiently," Savy Infra & Logistics Chairman and MD Tilak Mundhra said. Live Events Savy Infra and 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. In FY25, the company reported revenue from operations of Rs 283.39 crore and profit after tax of Rs 23.88 crore. Unistone Capital is the sole book-running lead manager, and Maashitla Securities is the registrar for the IPO.
Mint
19-07-2025
- Entertainment
- Mint
Saturday Feeling: Of monsoon greens, 'Indian Summers', and other stories to read this weekend
We started work on this week's cover with the simple idea of asking food specialists to name their favourite monsoon ingredient, use it in a recipe, and perhaps share a memory associated with it. But as with most Lounge stories, we discovered there's a lot more to monsoon greens. Behind the simplicity of the ingredients and recipes the writers, researchers and culinary experts shared lies a deep understanding of the interconnectedness of food habits and nature in India. News of the monsoon treats the annual weather system as an economic indicator, as a sign of prosperity to come, often overlooking its cultural connotations. During this season, an abundance of edible greens, veggies and fungi—thunder mushrooms and dragon stalk yam to name a few—becomes available, and hyperlocal cuisines make the best use of them. Many of these nutritious ingredients pop up for a short time and have to be harvested with care so that they survive the rest of the year. From the north-east to the west, what emerges is the fact that monsoon specialties are delicious, unique, and closely tied to patterns of regeneration, traditional knowledge, and sustainable water and land management. To eat seasonal is to try and understand the world we live in. And these recipes are also perfect if you're looking for new ideas for accompaniments to your spiced chai to warm you up when it rains. Cover of Mint Lounge dated 19 July 2025. Gideon Haigh, one of the game's sharpest writers, has published a new collection of essays, Indian Summers, on the storied history of cricket's biggest rivalry today, India vs Australia. The Australian writer is known for his deeply researched books and these essays provide a historical and sociopolitical look at the India-Australia game for both hardcore and casual cricket fans alike. It showcases the best of a man whose writings have described the game with wit, wisdom and humility for over three decades, writes Aditya Mani Jha. Read more. Gandhinagar-based textile design studio Morii Design has been working with women in 12 villages in Gujarat to preserve rabari embroidery as well as reimagine folk patchwork and motifs, embroidery techniques and block printing with modern flair. With the onset of machines that could master and replicate even complex handmade techniques, regional and rural thread-works unknowingly began to recede into oblivion. And efforts like these rekindle both pride and interest among the artisans, writes Radhika Iyengar. Read more. On a still May morning, as the mist rises gently from the waters of Dal Lake, a lone shikara glides across its surface. Unlike most tourists drawn by lake's beauty, 69-year-old Ellis Hubertina Spaanderman wants to clean up Kashmir's Dal Lake—one plastic bottle at a time. She first visited Kashmir 20 years ago, and wanted to do her bit to preserve its pristine beauty, she tells Yaqoob Ali and Majid Maqbool, which led to her sole initiative to pick up any trash she finds. Srinagar's Dal Lake faces severe ecological degradation due to increased urbanisation, overtourism, unchecked sewage, pollution and invasive species. Ellis' actions have moved local tour operators, houseboat owners and businesses to make an effort to address garbage and waste disposal in the city. Read more. Three Indian art galleries—Jhaveri Contemporary, Vadehra Art Gallery and Chemould Prescott Road—came together to spotlight South Asian artists in London last month as part London Gallery Weekend. 'Many international collectors are attracted to the India story,' says Amrita Jhaveri of Jhaveri Contemporary. In a city where interest in contemporary artists from the subcontinent is growing steadily, this could be a catalyst for greater interest, writes Anindo Sen. Jhaveri Contemporary hosted a group exhibition by Muhanned Cader, Seher Shah and Lubna Chowdhary, while Vadehra showed work by contemporary artist Biraaj Dodiya and Chemould Prescott Road had a solo exhibition by Rashid Rana. Read more. Sweetness is the unsung hero that brings balance and harmony to every drink. Traditionally achieved with syrups, bartenders are now experimenting with a range of sweeteners to add complexity, depth and unique character, Sayoni Bhaduri writes. There are technicalities integral to the composition of a drink—sugars (from sucrose or fructose) add structure to the drink and round off sharpness of other tastes such as acidity, bitterness or alcohol burn—and provide a smooth mouthfeel and texture. Many bars have taken to creating their own cordials, syrups and shrubs to gain flexibility, while crafting cocktails that are more precise, balanced and distinctive. Read more. Running is the easiest, most convenient and affordable activity out there is what enthusiasts will tell you—but as anyone who has ever walked, let alone run, in India knows, it is neither convenient nor easy given the state of our infrastructure. As for running being affordable, that's untrue too. Regular running shoes, on average, cost ₹ 10,000 a pair. A decent GPS watch starts at ₹ 22,000. Add to that the costs of training with a coach or running group, nutrition and hydration supplements, running accessories such as socks, sipper, sunglasses, recovery gear, ever-rising race fees… and you realise that running comes with a hefty price tag, writes Shrenik Avlani. Read more.
Mint
18-07-2025
- Business
- Mint
Morii Design: How a Gandhinagar-based studio is sewing up a stitch library
Under the shade of a tree, a group of Kachhi Rabari women are huddled together. With their black lehngas tucked between their legs and their veils draped across their foreheads, their eyes follow the slender needles darting between their fingers. The women giggle and trade stories with each other, as they embroider the fabrics with their generational knowledge of Rabari bharath (or embroidery). Leading them is Brinda Dudhat, a product of National Institute of Design, Ahmedabad, who in 2019 co-founded Morii Design, a Gandhinagar-based textile design studio that crafts riveting textile tapestries using the erudite wisdom of over 180 artisans across 12 villages in India. The studio reimagines folk patchwork and motifs, embroidery techniques and block printing with modern flair. With the onset of machines that could master and replicate even the most complex handmade techniques, regional and rural thread-works unknowingly began to recede into oblivion. Dudhat noticed the change at the source: the women in pastoral and seminomadic communities, who once took hours embroidering their trousseaus for personal pleasure, were now assembling their clothing using machine-aided decorations. 'It was really surprising," says Dudhat, 30. 'There are some very complex stitches in Rabari embroidery alone. Now, however, there are machine-made ribbons available that replicate those stitches. So, the women stack these ribbons on to their dresses and just stitch them. Instead of traditional mirror embroidery, they use reflective acrylic or plastic discs. So, their wedding attires, which were once entirely hand-embroidered by them, now feature machine-made imitations," where only the smaller areas are filled in by their own creativity. Dudhat wanted to breathe a new life into these folk textile crafts—rekindling both pride and interest among the artisans, while monetarily empowering them as well. 'Craft has a PR problem," says Kabir, 33, Dudhat's partner and the other half of Morii Design. An NID graduate, he manages marketing. Together, the pair realised they needed to create a 'stitch library"; not only did they need to catalogue various Indian embroidery techniques but also create a comprehensive repository of new stitch combinations . 'At the moment, we are working with four different communities: the Jat community from Kutch, sujani artisans from Bihar, kantha craftspeople from West Bengal, and the Rabari community from Kutch," says Kabir. 'We have developed almost 40 new functional combinations in the Rabari embroidery itself, and are still in the process of creating many more." Morii Design is also working closely with Bela block printing's last known custodian Mansukhbhai Pitambar Khatri, while documenting the motifs of this age-old art form. At the forefront of the studio, though, are the women artisans. Back in 2019, when Dudhat had first considered working with them, she faced resistance. On the advice of a friend who mentioned a particular community whose handiwork had remained largely unexplored by modern designers, Dudhat rode pillion for two hours to a village 35km from Bhuj, to meet a Garasia Jat cluster. The pastoral Muslim community's personal clothing showcases their detailed geometric designs and intricate cross-stitch embroidery called Jat bharath. The womenfolk waved her off: 'Nahi hoga—not possible". Undeterred, the ambitious and optimistic 24-year-old at the time, continued to return to the village the following months, gradually earning the women's trust. The women hadn't worked with designers before, but the promise of consistent work and a stable income was deeply reassuring. 'Today, the Garasia Jats are the longest collaborating cluster," Kabir declares. In Japanese, mori translates to 'forest"—one that's lush and deeply alive. After spending a semester at Tama Art University in Tokyo, Japan (2015-2016), Dudhat found herself drawn to the 'Mori Girl" aesthetic, a Japanese fashion subculture that romanticises a life that's in harmony with nature. The palette is inspired by the woods: muddy browns, moss greens, soft whites and calming pastels. The style felt like a natural extension of her own sensibilities. That quiet, forest-like elegance now runs through the visual identity of Morii Design. 'So, much of our work is about reconnecting with nature, and reminding people of the importance of trees, forests and the ecosystems we so easily take for granted," Dudhat says. Each tapestry or wall art is distinct with striking colours and abstractions. The process begins at Dudhat's studio, where she designs a prototype. First, she assembles a base: a patchwork of fabrics sourced from weavers across India. 'Just by looking at them, ideas begin to take shape, where different colours come together almost instinctively. The patchwork is created first, and then I draw on top of it, imagining the textures with embroidery threads. It's a very intuitive process." Dudhat then takes these prototypes to the artisan cluster. The craftswomen are invited to choose the design they feel most drawn to. 'Some of the older Rabari women are more inclined to do mirror embroidery, for instance, while many sujani craftswomen opt for larger pieces," says Kabir. 'Bigger is better for them, not only monetarily but when they hold the finished work and stretch out their arms, they experience immense pride in seeing the full scale of what they've created." The process of letting craftswomen choose what resonates with them offers them creative freedom. But with a wide variety of embroidery methods and intricacies, it was clear that a uniform percentage model wouldn't be practical—'Especially since many of our pieces overlap multiple crafts," Kabir explains. 'So we sat with the artisans and co-created a wage system from scratch, beginning with a base rate that they felt was fair, and moved forward from there." In the spirit of contemporising, Morii Design brings together diverse folk handiwork traditions. A single piece might begin in one region adorned with colourful motifs printed using 200-year-old Bela blocks, then travel to a cluster in West Bengal to be kantha-stitched, or Bihar for sujani embroidery, and finally get bedazzled with tiny mirrors by Rabari women. The ultimate production is one that has passed many hands, and carries with it the emotions and stories of multiple lives. 'That said, it's also important for us to maintain the geographical integrity of the technique," says Dudhat. For example, a running kantha stitch could be easily replicated by other clusters and communities. 'But we ensure that a technique that specifically belongs to a certain region is executed there itself, since it has evolved in that place over generations." At the moment, the focus is on digitising the stitch library, which remains private for now, with the new combinations intended to help train the artisans. As Morii Design stitches tradition and contemporary storytelling together, their work stands as a quiet but powerful act of preservation. Radhika Iyengar is the author of Fire on the Ganges: Life Among the Dead in Banaras, and an independent arts and culture journalist. She posts @radhika_iy
