Savy Infra & Logistics IPO Opens July 21: GMP, Price, Allotment, Review & Listing Details
NOOR MOHMMED
19/Jul/2025

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Savy Infra IPO opens on July 21 with a price band of ₹114–₹120 and aims to raise ₹69.98 crore through fresh issue of 58.32 lakh shares.
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GMP stands at ₹18, indicating potential 15% listing gains; investors must apply for minimum of 2 lots (₹2.88 lakh).
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Strong revenue growth from ₹6.19 Cr in FY23 to ₹283.76 Cr in FY25; ROE of 76.10% and P/E of 10.46x show fair valuation.
Savy Infra & Logistics Limited, a fast-growing Engineering, Procurement and Construction (EPC) company, is set to launch its ₹69.98 crore book-built IPO on July 21, 2025, and will remain open until July 23, 2025. The IPO consists entirely of a fresh issue of 58.32 lakh shares, with no offer-for-sale component.
The company focuses primarily on earthwork and foundation preparation for infrastructure projects, including roads, sub-grades, embankments, and bituminous/concrete surfaces. Over the years, it has evolved from supplying quartzite to offering full-fledged infrastructure development services, such as excavation, grading, utility work, and paving.
IPO Details at a Glance
Particulars | Details |
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IPO Open Date | July 21, 2025 |
IPO Close Date | July 23, 2025 |
Allotment Date | July 24, 2025 |
Listing Date (Tentative) | July 28, 2025 |
Price Band | ₹114 to ₹120 per equity share |
Issue Size | ₹69.98 Crore |
Fresh Issue | 58.32 Lakh Shares |
Offer for Sale | None |
Market Lot | 1,200 shares (2 lots minimum for retail) |
Minimum Investment | ₹2,88,000 |
Market Capitalisation | ₹249.70 Crores (at upper price band) |
Listing Exchange | NSE SME |
Lead Manager | Unistone Capital Pvt. Ltd. |
Registrar | Maashitla Securities Pvt. Ltd. |
Market Maker | Globalworth Securities Ltd. |
Grey Market Premium (GMP) & Expected Listing Gain
As per grey market trends dated 15 July 2025, the GMP for Savy Infra IPO is ₹18, translating to an expected listing price of ₹138 — a potential 15% listing gain.
Date | IPO Price | GMP | Expected Listing Price | % Gain |
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15 July 2025 | ₹120 | ₹18 | ₹138 | 15.00% |
Note: Grey Market Premium (GMP) is unofficial, not regulated, and merely indicative of investor sentiment. No real price discovery occurs until shares list on exchange.
Company Overview and Strengths
Savy Infra is driven by Tilak Mundhra, the promoter who oversees project execution and client relationship management. His leadership has helped the company scale up operations from raw material supply to complete EPC solutions.
The company’s core strengths include:
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Proven execution in road infrastructure and foundation preparation
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Rapid scale-up of revenue and operational capacity
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Experienced management and growing order book pipeline
Financial Performance Snapshot
Savy Infra has posted stellar financial growth, as seen below:
Financial Year | Revenue (₹ Lakhs) | EBITDA (₹ Lakhs) | PAT (₹ Lakhs) |
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FY25 | 28,376.56 | 3,705.02 | 2,387.79 |
FY24 | 10,162.44 | 1,609.55 | 986.66 |
FY23 | 619.19 | 68.17 | 33.76 |
Growth Analysis:
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Revenue grew 45.8x in just 2 years
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PAT margin improved from 5.45% in FY24 to 8.41% in FY25
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EBITDA margin stable and efficient at over 13%
Valuation & Key Metrics
Metric | Value (FY24) |
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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% |
The low P/E ratio and strong return metrics suggest that the IPO is attractively priced, especially for investors seeking listing gains.
IPO Utilisation of Funds
The company plans to deploy IPO proceeds as follows:
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₹49.00 Crore for working capital needs
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Balance for general corporate purposes
These investments are expected to aid project execution, equipment procurement, and order fulfilment.
Allotment & Listing – How to Check Status
Allotment Date: July 24, 2025
Steps to check status:
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Visit Registrar’s website (Maashitla Securities)
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Select “Savy Infra & Logistics IPO”
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Enter PAN, application number, or DP/Client ID
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Click submit to view allotment status
Final Verdict – Should You Apply?
Pros:
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Exceptional growth trajectory
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High profitability and return ratios
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Strong industry tailwinds in infra/EPC sector
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Attractive valuation with upside potential
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Positive GMP trend (₹18 = 15% potential gain)
Cons:
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High investment threshold for retail (₹2.88 lakh)
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SME listing carries lower liquidity vs mainboard
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 Spaces, GNG Electronics, Brigade Hotel Ventures, TSC India, Patel Chem Specialities, Monarch Surveyors & Engineering Consultants, TSC India, Swastika Castal, Savy Infra, NSDL.
The Current active IPO are Monika Alcobev.
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