avy Infra & Logistics, an Engineering, Procurement, and Construction (EPC) company, is set to hit the capital markets with its IPO opening on July 21, 2025, and closing on July 23, 2025. This Book Built Issue aims to raise a total of ₹69.98 Crores through a fresh issue of 58.32 lakh shares.

The IPO price band is set at ₹114 to ₹120 per share, and the company will be listed on the NSE SME platform. The tentative allotment date is July 24, 2025, and the expected listing date is July 28, 2025. At the upper price band of ₹120, the company’s market capitalization will stand at approximately ₹249.70 Crores.

The lot size for the IPO is 1,200 shares, and investors are required to apply for a minimum of 2 lots (2,400 shares), translating to an investment of ₹2,88,000.

Company Overview and Business Strength

Savy Infra & Logistics Limited has evolved from merely supplying quartzite for infrastructure to becoming a full-fledged EPC contractor. Its service portfolio now includes:

• Excavation and grading

• Utility work

• Paving of bituminous and concrete surfaces

• Sub-grade and granular sub-base preparation

• Earthwork for infrastructure projects

These services position the company as a one-stop solution provider for road construction, embankment development, and foundation works.

The promoter, Tilak Mundhra, plays a key role in steering both the engineering and logistics verticals. His involvement in on-site coordination and client acquisition ensures adherence to quality and project deadlines.

Use of IPO Proceeds

The company has laid out a clear objective for the IPO fund utilization:

1. ₹49 Crores will go towards working capital requirements.

2. The remaining will be used for general corporate purposes.

These allocations highlight the company’s focus on expansion and operational efficiency.

Financial Performance: Steady and Strong Growth

The financials of the company for the last three fiscal years underline consistent growth:

The data shows an exponential increase in all major financial metrics, which signals operational scalability and healthy margins.

Key Ratios and Valuation Insights

• Pre-Issue EPS (FY24): ₹16.59

• Post-Issue EPS (FY24): ₹11.48

• Pre-Issue P/E Ratio: 7.23x

• Post-Issue P/E Ratio: 10.46x

• Industry Average P/E: 16x

These ratios indicate that Savy Infra IPO is fairly valued, especially when compared to industry peers. Additional performance metrics include:

• ROCE (FY24): 36.69%

• ROE (FY24): 76.10%

• RoNW: 45.70%

Such strong return ratios make this IPO attractive for investors seeking growth opportunities, albeit with some risk due to SME segment exposure.

Grey Market Premium (GMP) Trends

As of July 15, 2025, the Grey Market Premium (GMP) for Savy Infra IPO is ₹18, implying an expected listing price of ₹138, which suggests a 15% listing gain from the upper end of the IPO price band.

Note: GMP is unofficial and unregulated. It should be used only as an indicator, not a guarantee of listing gains.

IPO Subscription and Allotment Status

The IPO subscription opens on July 21, 2025, and live subscription updates will be tracked during market hours.

To check the IPO allotment status on July 24, investors can:

• Visit the registrar’s website (Maashitla Securities Pvt Ltd).

• Choose "Savy Infra & Logistics Limited IPO" from the dropdown.

• Enter their PAN, application number, or DP Client ID.

This will display whether shares were allotted to the investor or not.

Book Running Lead Manager and Market Maker

• Lead Manager: UNISTONE CAPITAL PRIVATE LIMITED

• Registrar: MAASHITLA SECURITIES PRIVATE LIMITED

• Market Maker: Globalworth Securities Limited

These reputed intermediaries enhance the trust factor and ensure a smooth IPO process.

Should You Apply to Savy Infra & Logistics IPO?

Based on the company’s strong financial growth, reasonable valuations, and a moderate Grey Market Premium, the IPO appears promising for:

• Risk-taking retail investors

• Those seeking listing gains

• Investors focused on the EPC and infrastructure segment

However, investors should weigh the risks of SME IPOs, such as low liquidity and higher volatility, before applying.

Final Verdict

Savy Infra & Logistics IPO presents a compelling case for listing gain-focused investors. With robust revenue growth, healthy margins, and a reasonable pricing strategy, the company is well-placed in the booming infrastructure sector. However, as with any SME IPO, it carries inherent risks that should not be overlooked.

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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 Sellowrap Industries, Repono, Shanti Gold International, Indiqube Spaces, GNG Electronics, Brigade Hotel Ventures, Patel Chem Specialities, Monarch Surveyors & Engineering Consultants, TSC India, NSDL.

The Current active IPO are Swastika Castal, Savy Infra.

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