Savy Infra shares list at 14% premium over IPO price

The shares of Savy Infra listed at a premium of 13.75% on the NSE SME platform. The stock debuted at Rs 136.5 against an issue price of Rs 120. The company’s Rs 69.98 crore IPO closed with an overall subscription of 114.5 times, led by massive bids from HNIs and strong support from retail and institutional investors.

Subscription breakdown

The IPO, which ran from July 21 to July 23, saw NII (HNI) bids overshoot by 196.44 times, followed by QIBs at 93.02 times and retail investors at 91.62 times.

About the Company

Savy Infra and Logistics is an EPC contractor involved in large-scale infrastructure groundwork—particularly earthmoving, foundation preparation, and demolition—as well as associated logistics and equipment rental services. The company operates on an asset-light model, offering scalability and capital efficiency.

With operations across eight states, Savy Infra has handled major government and private sector contracts and currently boasts order flows worth Rs 430 crore. As of April 2025, it employed 33 full-time workers across sites, reflecting lean operational management.

Financials and Valuation

The company has posted explosive financial growth in FY25. Revenue rose 179% YoY to Rs 283.77 crore, while PAT surged 142% to Rs 23.88 crore.

The IPO proceeds will go primarily toward working capital needs (Rs 49 crore), with the rest for general corporate purposes.

Listing Outlook

Backed by strong financials, sector tailwinds, and robust investor response, Savy Infra appears well-positioned for a solid debut.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)