Latest news with #TilakMundhra
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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
2 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.
Economic Times
4 days ago
- Business
- Economic Times
Savy Infra and Logistics IPO to open on July 21, price band set at Rs 114-120/share
Savy Infra and Logistics is set to open its initial public offering (IPO) on Monday, July 21, aiming to raise up to Rs 69.98 crore at the upper end of the price band. The shares will be listed on the NSE Emerge platform. ADVERTISEMENT The IPO comprises 58,32,000 equity shares with a face value of Rs 10 each, priced in the range of Rs 114 to Rs 120 per share. Also Read | NFO Insight: Capitalmind Mutual Fund's flexi cap fund opens for subscription. Will it help to manage current market volatility? Savy Infra and Logistics has proposed to open its Initial Public Offering (IPO) on Monday, July 21, aiming to raise Rs 69.98 crore (at the upper price band), with shares to be listed on the NSE Emerge platform. The issue size is 58,32,000 equity shares at a face value of Rs 10 each, with a price band of Rs 114 - Rs 120 per equity share allocation for the QIB Anchor Portion is up to 16,60,800 equity shares, for Qualified Institutional Buyers is up to 11,07,600 equity shares, and for Non-Institutional Investors is not less than 8,31,600 equity shares. The equity share allocation for Retail Individual Investors is not less than 19,39,200 equity shares, and for market makers is up to 2,92,800 equity shares. ADVERTISEMENT The minimum application size for S-HNIs is 3,600 equity shares, and for retail investors is 2,400 equity net proceeds from the IPO will be utilised for funding working capital requirements and general corporate purposes. The anchor bidding is open, while the public issue will open on July 21, 2025, and close on July 23, 2025. ADVERTISEMENT The Book Running Lead Manager to the issue is Unistone Capital Private Limited. The Registrar to the issue is Maashitla Securities Private Limited.'Our upcoming IPO is a key milestone in strengthening and expanding our operations. The capital raised will support our working capital needs and enable us to scale both the EPC and logistics divisions efficiently. In EPC, we continue to focus on core infrastructure work such as earthwork, road construction, and foundation preparation—areas where we have built strong execution capabilities over the years,' said Tilak Mundhra, Chairman & Managing Director of Savy Infra & Logistics. ADVERTISEMENT 'In logistics, we are taking a forward-looking step by introducing electric trucks to improve operational efficiency and reduce fuel dependency. This shift will significantly lower costs and allow us to offer dependable, cost-effective services to our clients. By adopting an asset-light model and focusing on long-term contracts, we are ensuring both scalability and financial discipline. We believe these efforts will help us build a strong and resilient logistics platform for the future,' he added. Also Read | Patanjali Foods approves 2:1 bonus issue, record date to be announced later 'We are pleased to be associated with Savy Infra & Logistics Limited as they take a significant step forward with the launch of their Initial Public Offering. The company has steadily built a presence in the infrastructure space, particularly in EPC and logistics services,' said Brijesh Parekh, Founder of Unistone Capital Private. ADVERTISEMENT 'This IPO will support Savy Infra's plans to strengthen its operations, improve execution capabilities, and participate in larger infrastructure projects. With a focus on core EPC activities such as earthwork, foundation preparation, road construction, embankments, sub-grade work, granular sub-bases, and bituminous or concrete surfaces, alongside its growing logistics segment, the company is well-positioned to contribute meaningfully to India's infrastructure growth,' Parekh Infra and Logistics Limited is engaged in the business of EPC and logistics, with a focus on infrastructure projects. The EPC division specializes in earthwork, foundation preparation, road construction, embankments, sub-grade work, granular sub-bases, and bituminous or concrete company also offers Full Truck Load logistics services through an asset-light model by renting trucks and drivers. This approach reduces operational risks and costs while ensuring point-to-point, timely deliveries. In FY25, the company achieved revenue from operations of Rs 28,339.05 lakh, EBITDA of Rs 3,561.50 lakh, and profit after tax of Rs 2,387.79 lakh. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
4 days ago
- Business
- Time of India
Savy Infra and Logistics IPO to open on July 21, price band set at Rs 114-120/share
Savy Infra and Logistics is set to open its initial public offering (IPO) on Monday, July 21, aiming to raise up to Rs 69.98 crore at the upper end of the price band. The shares will be listed on the NSE Emerge platform. The IPO comprises 58,32,000 equity shares with a face value of Rs 10 each, priced in the range of Rs 114 to Rs 120 per share. Explore courses from Top Institutes in Select a Course Category Also Read | NFO Insight: Capitalmind Mutual Fund's flexi cap fund opens for subscription. Will it help to manage current market volatility? Savy Infra and Logistics has proposed to open its Initial Public Offering (IPO) on Monday, July 21, aiming to raise Rs 69.98 crore (at the upper price band), with shares to be listed on the NSE Emerge platform. The issue size is 58,32,000 equity shares at a face value of Rs 10 each, with a price band of Rs 114 - Rs 120 per share. Live Events The equity share allocation for the QIB Anchor Portion is up to 16,60,800 equity shares, for Qualified Institutional Buyers is up to 11,07,600 equity shares, and for Non-Institutional Investors is not less than 8,31,600 equity shares. The equity share allocation for Retail Individual Investors is not less than 19,39,200 equity shares, and for market makers is up to 2,92,800 equity shares. The minimum application size for S-HNIs is 3,600 equity shares, and for retail investors is 2,400 equity shares. The net proceeds from the IPO will be utilised for funding working capital requirements and general corporate purposes. The anchor bidding is open, while the public issue will open on July 21, 2025, and close on July 23, 2025. The Book Running Lead Manager to the issue is Unistone Capital Private Limited. The Registrar to the issue is Maashitla Securities Private Limited. 'Our upcoming IPO is a key milestone in strengthening and expanding our operations. The capital raised will support our working capital needs and enable us to scale both the EPC and logistics divisions efficiently. In EPC, we continue to focus on core infrastructure work such as earthwork, road construction, and foundation preparation—areas where we have built strong execution capabilities over the years,' said Tilak Mundhra, Chairman & Managing Director of Savy Infra & Logistics. 'In logistics, we are taking a forward-looking step by introducing electric trucks to improve operational efficiency and reduce fuel dependency. This shift will significantly lower costs and allow us to offer dependable, cost-effective services to our clients. By adopting an asset-light model and focusing on long-term contracts, we are ensuring both scalability and financial discipline. We believe these efforts will help us build a strong and resilient logistics platform for the future,' he added. Also Read | Patanjali Foods approves 2:1 bonus issue, record date to be announced later 'We are pleased to be associated with Savy Infra & Logistics Limited as they take a significant step forward with the launch of their Initial Public Offering. The company has steadily built a presence in the infrastructure space, particularly in EPC and logistics services,' said Brijesh Parekh, Founder of Unistone Capital Private. 'This IPO will support Savy Infra's plans to strengthen its operations, improve execution capabilities, and participate in larger infrastructure projects . With a focus on core EPC activities such as earthwork, foundation preparation, road construction, embankments, sub-grade work, granular sub-bases, and bituminous or concrete surfaces, alongside its growing logistics segment, the company is well-positioned to contribute meaningfully to India's infrastructure growth,' Parekh added. Savy Infra and Logistics Limited is engaged in the business of EPC and logistics, with a focus on infrastructure projects. The EPC division specializes in earthwork, foundation preparation, road construction, embankments, sub-grade work, granular sub-bases, and bituminous or concrete surfaces. The company also offers Full Truck Load logistics services through an asset-light model by renting trucks and drivers. This approach reduces operational risks and costs while ensuring point-to-point, timely deliveries. In FY25, the company achieved revenue from operations of Rs 28,339.05 lakh, EBITDA of Rs 3,561.50 lakh, and profit after tax of Rs 2,387.79 lakh.
