Savy Infra IPO is set to open on July 21, 2025, and will close on July 23, 2025. It is a Book Build Issue, aiming to raise approximately ₹69.98 crores. The IPO comprises a fresh issue of ₹69.98 crores and an offer for sale (OFS) of up to [.] equity shares with a face value of ₹10 each.
The price band for the Savy Infra IPO is fixed at ₹114 to ₹120 per share. The retail investor quota is 35%, QIB (Qualified Institutional Buyers) quota is 50%, and HNI (High Net-worth Individuals) quota is 15%. The IPO is scheduled to be listed on NSE on July 28, 2025, and the allotment date is July 24, 2025.
In terms of financial performance, Savy Infra reported a revenue of ₹101.62 crores in FY 2024, a significant jump from ₹6.19 crores in FY 2023. The net profit also increased sharply to ₹9.96 crores in 2024 from ₹0.34 crores in 2023.
Savy Infra IPO Date & Price Band Details
Category | Details |
---|---|
IPO Open Date: | July 21, 2025 |
IPO Close Date: | July 23, 2025 |
Face Value: | ₹10 Per Equity Share |
IPO Price Band: | ₹114 to ₹120 Per Share |
Issue Size: | Approx ₹69.98 Crores |
Fresh Issue: | Approx ₹69.98 Crores |
Lot Size: | 1,200 Shares |
Issue Type: | Book Build Issue |
IPO Listing: | NSE SME |
Retail Quota: | Not more than 35% |
QIB Quota: | Not more than 50% |
NII Quota: | Not more than 15% |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Anchor Investors List: | Click Here |
Savy Infra IPO Market Lot
The minimum market lot for the Savy Infra IPO is 2,400 shares, requiring a total application amount of ₹2,88,000.
Application | Lot Size | Shares | Amount |
---|---|---|---|
Retail Minimum | 2 | 2,400 | ₹2,88,000 |
Retail Maximum | 2 | 2,400 | ₹2,88,000 |
S-HNI Minimum | 3 | 3,600 | ₹4,32,000 |
S-HNI Maximum | 6 | 7,200 | ₹8,64,000 |
B-HNI Minimum | 7 | 8,400 | ₹10,08,000 |
Savy Infra IPO Allotment & Listing Dates
The Savy Infra IPO will open on July 21 and close on July 23. The allotment of shares will be finalized on July 24, and the IPO listing is scheduled for July 28.
Type | Date |
---|---|
IPO Open Date: | July 21, 2025 |
IPO Close Date: | July 23, 2025 |
Basis of Allotment: | July 24, 2025 |
Refunds: | July 25, 2025 |
Credit to Demat Account: | July 25, 2025 |
IPO Listing Date: | July 28, 2025 |
Savy Infra IPO: Promoters
The promoters of the company are Tilak Mundhra and Liladhar Mundhra.
Savy Infra IPO Company Financial Report
The company reported a revenue of ₹101.62 crores in 2024, a significant jump from ₹6.19 crores in 2023. Similarly, the net profit rose to ₹9.96 crores in 2024 from just ₹0.34 crores in 2023.
Amount ₹ in Crores
Period Ended | Revenue | Expense | Profit After Tax | Assets |
---|---|---|---|---|
2022 | ₹5.53 | ₹5.42 | ₹0.08 | ₹6.08 |
2023 | ₹6.19 | ₹5.73 | ₹0.34 | ₹10.10 |
2024 | ₹101.62 | ₹87.72 | ₹9.96 | ₹41.69 |
2025 | ₹283.77 | ₹249.91 | ₹23.88 | ₹185.81 |
Savy Infra IPO Valuation – FY2025
KPI | Values |
---|---|
ROE: | 76.10% |
ROCE: | 36.69% |
EBITDA Margin: | 12.57% |
PAT Margin: | 8.43% |
Debt to equity ratio: | 0.86 |
Earning Per Share (EPS): | ₹16.59 (Basic) |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 45.70% |
Net Asset Value (NAV): | ₹34.89 |
Savy Infra IPO Peer Group Comparison
Company | EPS | PE Ratio | RoNW % | NAV | Income |
---|---|---|---|---|---|
AVP Infracon Limited | 13.25 | 14.08 | 26.37% | 50.51 | 292.82 Cr. |
Ganesh Infraworld Limited | 11.59 | 14.34 | 22.31% | 42.02 | 538.22 Cr. |
Active Infrastructure Limited | 8.79 | 19.34 | 11.71% | 74.43 | 89.76 Cr. |
Objects of the Issue – Savy Infra IPO
- Funding working capital requirements of the company
- General corporate purposes
Savy Infra Company Overview, Strengths, and Risks
Savy Infra and Logistics Limited (Savy Infra) is an Indian company primarily engaged in Engineering, Procurement, and Construction (EPC) services, with a significant presence in the logistics sector. The company focuses on infrastructure projects, particularly in earthwork, foundation preparation, road construction, embankments, sub-grade work, granular sub-bases, and bituminous or concrete surfaces. They also offer Full Truck Load (FTL) logistics services, operating on an asset-light model by renting trucks and drivers.
Savy Infra is currently undergoing an Initial Public Offering (IPO) which opened on July 21, 2025, and will close on July 23, 2025, with plans to list on the NSE Emerge platform.
Here’s an overview of the company’s strengths and risks:
Savy Infra Company Overview:
- Established: January 2006 (initially as Shubhangi Metal Private Limited, later changed to Savy Infra and Logistics Limited).
- Core Business: EPC services for infrastructure projects (road construction, earthwork, foundation preparation, etc.) and Full Truck Load (FTL) logistics services.
- Business Model: Hybrid model combining asset-backed EPC contracting with captive logistics services, operating primarily on an asset-light model for logistics by renting machinery and trucks.
- Geographic Presence: Projects executed across multiple states including Gujarat, Maharashtra, Andhra Pradesh, Telangana, Madhya Pradesh, Chhattisgarh, and Odisha.
- IPO Details: IPO opened July 21, 2025, closing July 23, 2025. Price band Rs 114 to Rs 120 per share, aiming to raise up to Rs 69.98 crore for working capital and general corporate purposes. Shares to be listed on NSE Emerge.
- Projects: Completed over 30 projects and currently has 12 projects under execution. Some notable clients include Dilip Buildcon Limited and KEC International Limited.
Strengths of Savy Infra:
- Strong Financial Performance: The company has demonstrated impressive financial growth.
- Revenue from Operations: Rs 283.39 crore in FY25, a significant increase from Rs 101.62 crore in FY24 and Rs 6.19 crore in FY23.
- Profit After Tax (PAT): Rs 23.88 crore in FY25, up from Rs 9.87 crore in FY24 and Rs 0.34 crore in FY23.
- High Return Ratios: Strong ROE (76.10% in FY25) and ROCE (36.69% in FY25) indicate efficient capital utilization.
- Healthy Margins: EBITDA margin of 12.57% and PAT margin of 8.43% in FY25.
- Asset-Light Business Model: By renting machinery and trucks, Savy Infra reduces significant capital expenditure and operational risks associated with ownership. This model enhances scalability and flexibility.
- Integrated Business Operations: Offering both EPC and logistics services provides a competitive advantage, streamlining project execution, reducing dependency on third-party logistics, and potentially leading to higher client retention.
- Experienced Management Team: Led by Tilak Mundhra (Chairman & Managing Director) with guidance from Liladhar Mundhra, the company benefits from experienced leadership with a strong understanding of the infrastructure and logistics sectors.
- Growing Order Book: The company manages 12 live projects worth over Rs 201.42 crore and has an order book of upcoming projects worth Rs 230.56 crore, indicating future revenue visibility.
- Capitalizing on Infrastructure Boom: The company is well-positioned to benefit from the Indian government’s significant investments and initiatives (like Gati Shakti and National Infrastructure Pipeline) in the infrastructure and logistics sectors.
Risks of Savy Infra:
- Revenue Concentration in EPC: Over 80% of the company’s revenue in FY25 came from EPC services, making it highly vulnerable to downturns or policy changes in this single segment.
- Customer Concentration: The company’s revenue heavily depends on a few key customers in the infrastructure, steel, and mining sectors. The top 3 customers contributed significantly (⅔) to revenue in FY25, posing a risk to business stability if these relationships are disrupted or contracts are not renewed.
- Geographic Concentration: A majority of the company’s operations are concentrated in select states like Gujarat, Maharashtra, and Andhra Pradesh, making it susceptible to regional economic downturns, political changes, or natural disasters.
- Absence of Long-Term Customer Contracts: The lack of long-term contractual relationships with customers could impact the predictability and stability of future business.
- Working Capital Strain & Negative Cash Flow from Operations: Despite profitability, the company showed negative cash flow from operations in FY25. This, along with growing debt and potential working capital strain, is a critical red flag that could affect operational liquidity and sustainability.
- Dependence on Limited Number of Raw Material Suppliers: Reliance on a limited number of suppliers for raw materials could expose the company to supply chain disruptions and price volatility.
- SME Platform Listing: Listing on the NSE Emerge platform might result in lower liquidity and lesser analyst coverage compared to mainboard-listed companies, which could affect stock price stability and investor interest.
- High Minimum Investment for Retail Investors: The relatively high minimum investment requirement for retail investors (Rs 2.73 lakhs) might limit broader participation in the IPO.
In summary, Savy Infra presents a compelling growth story driven by a strong performance track record and an integrated, asset-light business model in a booming sector. However, investors should be mindful of the risks associated with revenue and geographic concentration, working capital management, and the nature of its customer contracts.
Savy Infra IPO Review
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Savy Infra IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@mashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Savy Infra IPO Lead Managers aka Merchant Bankers
- Unistone Capital Pvt Ltd
Savy Infra Company Address
Savy Infra & Logistics Ltd.
Office No. 718, Seventh Floor
Sharan Circle business Hub, Nr Sharan Circle Zunda
Cross, Zundal,
Gandhinagar, Gujarat, 382421
Phone: +91 9227027522
Email: compliance@savyinfra.com
Website: https://www.savyinfra.com/
FAQs about Savy Infra IPO
The Savy Infra IPO opens for subscription on July 21, 2025, and closes on July 23, 2025.
The price band for the Savy Infra IPO is fixed at ₹114 to ₹120 per equity share.
The minimum market lot for the Savy Infra IPO is 1,200 shares.
For retail investors, the minimum investment amount is ₹1,44,000 (1,200 shares at ₹120 per share).
The Savy Infra IPO shares are scheduled to be listed on the NSE Emerge platform.
The allotment of shares for the Savy Infra IPO is expected to be finalized on July 24, 2025.
The shares are expected to be credited to Demat accounts on July 25, 2025.
The tentative listing date for Savy Infra IPO on NSE Emerge is July 28, 2025.
The promoters of Savy Infra & Logistics Ltd. are Tilak Mundhra and Liladhar Mundhra.
The main objectives of the Savy Infra IPO are to fund the company’s working capital requirements and for general corporate purposes.