Latest news with #SavyInfraandLogistics'
Business Standard
2 days ago
- Business
- Business Standard
NSE SME Savy Infra and Logistics lays a solid foundation on listing day
Shares of Savy Infra and Logistics was trading at Rs 140.40 on the NSE, a premium of 17% compared with the issue price of Rs 120. The scrip was listed at Rs 136.50, a premium of 13.75% compared with the initial public offer (IPO) price. The stock is currently up 2.86% over its listing price. The counter hit a high of Rs 143 and a low of Rs 136.50. About 27.26 lakh shares of the company changed hands at the counter. Savy Infra and Logistics' IPO was subscribed 106.53 times. The issue opened for bidding on 21 July 2025 and it closed on 23 July 2025. The price band of the IPO was set at Rs 114 to 120 per share. The IPO comprised fresh issue of 58,32,000 shares. The company intends to utilize the net proceeds for funding of working capital requirements of company and for general corporate purpose. Ahead of the IPO, Savy Infra and Logistics on 18 July 2025, raised Rs 19.92 crore from anchor investors. The board allotted 16.60 lakh shares at Rs 120 per share to 15 anchor investor. Savy Infra and 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. The company offers demolition services, safely dismantling structures for new projects. The company operates an asset-light business model offering specialized services by renting trucks and drivers and managing the execution of transportation. The company also rents advanced machinery like rock breakers and heavy excavators, employing mechanical excavators for excavation. As of 30 April 2025, the company had 33 full time employees. The company recorded revenue from operations of Rs 283.39 crore and net profit of Rs 23.87 crore for the period ended 31 March 2025.
Economic Times
21-07-2025
- Business
- Economic Times
Savy Infra and Logistics IPO: Check GMP, price band, issue size and other details
Investors can apply for a minimum of 2,400 shares. About the company Live Events IPO proceeds (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Savy Infra and Logistics' Rs 69.98-crore IPO will open for subscription on Monday. The book-built issue consists entirely of a fresh issue of 58.32 lakh shares. The price band is fixed at Rs 114–120 per share, and the IPO will close on Wednesday. The shares are expected to be listed on NSE SME on July 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 Capital is the sole book-running lead manager for the issue, while Maashitla Securities is the registrar. Globalworth Securities will act as the market 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 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 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 the total proceeds, Rs 49 crore will be used to fund working capital requirements, with the remaining allocated to general corporate IPO has garnered strong interest in the grey market and is being closely watched by SME investors seeking exposure to infrastructure-linked growth.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
21-07-2025
- Business
- Time of India
Savy Infra and Logistics IPO: Check GMP, price band, issue size and other details
Investors can apply for a minimum of 2,400 shares. About the company Live Events IPO proceeds (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Savy Infra and Logistics' Rs 69.98-crore IPO will open for subscription on Monday. The book-built issue consists entirely of a fresh issue of 58.32 lakh shares. The price band is fixed at Rs 114–120 per share, and the IPO will close on Wednesday. The shares are expected to be listed on NSE SME on July 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 Capital is the sole book-running lead manager for the issue, while Maashitla Securities is the registrar. Globalworth Securities will act as the market 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 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 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 the total proceeds, Rs 49 crore will be used to fund working capital requirements, with the remaining allocated to general corporate IPO has garnered strong interest in the grey market and is being closely watched by SME investors seeking exposure to infrastructure-linked growth.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
