Latest news with #SavyInfra&Logistics
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Business Standard
8 hours ago
- Business
- Business Standard
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.
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Business Standard
2 days ago
- 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
3 days ago
- 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.
