Savy Infra & Logistics IPO Opens July 21: GMP at ₹18, Strong Growth, Fair Valuation

NOOR MOHMMED

    18/Jul/2025

  • Savy Infra & Logistics IPO worth ₹69.98 Cr opens July 21; closes July 23; priced at ₹114–₹120 with a lot size of 1,200 shares.

  • Backed by strong revenue growth and 15% GMP, IPO seen as a good pick for listing gains; P/E ratio suggests fair valuation.

  • Company to use proceeds for ₹49 Cr working capital and general corporate purposes; listing on NSE SME on July 28.

Savy Infra & Logistics Limited, a rapidly growing Engineering, Procurement, and Construction (EPC) player in India, is all set to launch its IPO worth ₹69.98 crore. The company has shown significant transformation—from a raw material supplier for infrastructure to a full-service EPC player. This IPO has garnered attention thanks to its strong financial performance, 15% grey market premium (GMP), and reasonable valuation.

Let’s explore everything investors need to know about this IPO.


Company Overview: Solid Foundation in Infrastructure

Savy Infra & Logistics began by supplying quartzite for infrastructure projects. Over time, the company has diversified into core EPC services such as:

  • Excavation and earthwork

  • Road and embankment construction

  • Grading and sub-base preparation

  • Utility infrastructure and paving

  • Bituminous and concrete surfacing

The company’s approach has made it a trusted partner in government and private sector infrastructure projects.

The business is spearheaded by Tilak Mundhra, an experienced promoter responsible for both project execution and strategic business development.


IPO Structure & Key Details

Particulars Details
IPO Size ₹69.98 Crores
Type of Issue Book Built
Fresh Issue 58.32 Lakh Equity Shares
Price Band ₹114 – ₹120
Lot Size 1,200 shares
Minimum Investment ₹2,88,000 (2 lots)
Listing Exchange NSE SME
IPO Opens July 21, 2025
IPO Closes July 23, 2025
Allotment Date July 24, 2025
Tentative Listing Date July 28, 2025
Lead Manager Unistone Capital Pvt. Ltd.
Registrar Maashitla Securities Pvt. Ltd.
Market Maker Globalworth Securities Ltd.
Market Cap (Post IPO) ₹249.70 Crores at ₹120/share


Grey Market Premium (GMP): Early Optimism

As per unregulated sources, the GMP for Savy Infra & Logistics IPO is ₹18, implying an expected listing price of ₹138. This translates to a 15% potential listing gain.

While GMPs are not a reliable measure for price discovery, they offer an early indication of market sentiment.

Date IPO Price Expected Listing GMP
July 15, 2025 ₹120 ₹138 ₹18 (15.00%)


Financial Performance: A Turnaround Story

The company has shown exceptional growth in revenue and profit over the past three years.

Fiscal Year Revenue (₹ Lakhs) EBITDA (₹ Lakhs) PAT (₹ Lakhs)
FY 2023 ₹619.19 ₹68.17 ₹33.76
FY 2024 ₹10,162.44 ₹1,609.55 ₹986.66
FY 2025 ₹28,376.56 ₹3,705.02 ₹2,387.79

This explosive growth reflects both operational scalability and increasing project sizes.


Key Ratios and Valuation Metrics

Savy Infra’s IPO is fairly priced when compared to industry peers, as shown below:

Metric FY24 Value
Pre-Issue EPS ₹16.59
Post-Issue EPS ₹11.48
Pre-Issue P/E 7.23x
Post-Issue P/E 10.46x
Industry P/E ~16x
ROCE 36.69%
ROE 76.10%
RoNW 45.70%

High ROE and ROCE suggest efficient capital usage and strong returns.


Use of IPO Proceeds

The company plans to use the net proceeds from the IPO as follows:

  1. ₹49.00 Cr for working capital requirements.

  2. Remaining for general corporate purposes.

This capital infusion is expected to boost project capacity and operational agility.


Allotment & Listing Timeline

  • Allotment Date: July 24, 2025 (Thursday)

  • Listing Date: Tentatively July 28, 2025 (Monday)

  • Investors can check their allotment status online using application number, PAN, or DP Client ID on the registrar’s website.


Should You Apply for Savy Infra IPO?

✅ Reasons to Apply:

  • Strong financial growth in FY23–25, indicating a robust pipeline of EPC contracts.

  • High margins and impressive returns: ROCE 36.69%, ROE 76.10%.

  • Reasonable valuation at a post-issue P/E of 10.46x vs. industry average of 16x.

  • GMP of ₹18 indicates positive listing sentiment.

⚠️ Points to Consider:

  • High minimum investment of ₹2.88 lakh may limit retail participation.

  • Sector is cyclical and dependent on government capex.

  • SME IPOs are generally less liquid post-listing, making exit difficult.


Conclusion: Apply for Listing Gains, Watch Long-Term Triggers

Savy Infra & Logistics IPO presents a compelling short-term listing opportunity, backed by stellar financials, reasonable valuations, and a positive grey market buzz.

Our Recommendation:
💼 Risk-tolerant investors may consider applying for listing gains. Conservative investors can wait to track post-listing performance.


Disclaimer:
This analysis is for educational and informational purposes only. It does not constitute investment advice or a solicitation to buy or sell any securities. Investors should perform their own due diligence or consult a SEBI-registered financial advisor before making any investment decisions. All data is based on information available as of the publication date and may be subject to change.


The Upcoming IPOs in this week and coming weeks are Indiqube SpacesGNG ElectronicsBrigade Hotel VenturesTSC IndiaPatel Chem SpecialitiesMonarch Surveyors & Engineering ConsultantsTSC IndiaSwastika CastalSavy InfraNSDL.


The Current active IPO are Monika Alcobev.


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