Savy Infra IPO: Date, GMP, Overview, And Price

Savy Infra IPO- Complete Overview

Savy Infra IPO under the SME IPO category is a book-build issue of Rs. 69.98 Cr by Savy Infra & Logistics Ltd. The company was established in January 2006 as an Earthwork and Foundation subcontractor for infrastructure projects, including road construction, embankments, sub-grade preparation, and surface paving.

The EPC projects of the company comprise moving and shaping large quantities of soil for the construction of buildings and infrastructure, which are carried out under earthwork services.

The company provides demolition services for construction projects, safely dismantling structures for new projects. It also rents advanced machinery like rock breakers and heavy excavators, employing mechanical excavators for excavation. Services include shoring, strutting, side protection, slush removal, and disposal of excavated materials.

The company has specialised in the asset-light business model, hiring out trucks and drivers while overseeing the transportation work as a form of management. It has undertaken and completed EPC and Logistics projects in the following states: Gujarat, Maharashtra, Andhra Pradesh, Telangana, Madhya Pradesh, Chhattisgarh, Karnataka, and Odisha.

Savy Infra IPO Overview

The Savy Infra IPO date is on 21 July 2025, and its initial public offering will end on 23 July 2025. 

The Rs. 69.98 Crore new SME IPO comprises a fresh issue of 58.32 lac shares.

The Savy Infra IPO listing date (expected) might be on Monday, Jul 28, 2025, and listing at the NSE and SME.

Click to open demat account and apply for the IPO.

Company Financial

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	185.81	41.70	10.10
Total Revenue	283.77	101.62	6.19
PAT	23.88	9.87	0.34
Net Worth	52.25	10.51	0.64
Reserves & Surplus	37.27	10.41	0.54
Borrowings	44.84	8.49	3.12

 

 

Cash Flows

(Amount in lac)

Net Cash Flow in Multiple Activities	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	(1,751.34)	(359)	(36.68)
Net Cash Flow Investing Activities	(3,500)	(45.67)	-
Net Cash Flow Financing Activities	5,244.55	441.58	36.66

 

Revenue Bifurcation

Service-wise Revenue Bifurcation

Geography-wise Revenue Bifurcation

State-wise Revenue Bifurcation

 

(Source: RHP)

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Financing the working capital needs.

• General corporate purposes.

 

Click to check the IPO application status.

 

Listed Peers of Savy Infra & Logistics Ltd. 

Company Name	Face Value (Rs.)	EPS (Rs.)	P/E (x)
AVP Infracon Limited	10	13.25	14.08
Ganesh Infraworld Limited	5	11.59	14.34
Active Infrastructure Limited	5	8.79	19.34

 

Evaluation

The Savy Infra & Logistics IPO price is Rs. 114 to Rs. 120 for each Share.

Evaluation of P/E Ratio

Considering the FY ended on 31 Mar 2025 with an EPS of Rs. 16.59 from the last year, the resulting P/E ratio is 7.23x.

Considering the weighted EPS of Rs. 11.08 for the last three years, the P/E ratio is 10.83x

 

 

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Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 15.92x.

Particulars	P/E Ratio (x)
Highest	19.34
Lowest	14.08
Average	15.92

In simple words, the P/E ratio of this IPO is 7.23x, compared with the industry’s average P/E of 15.92x, indicating an undervaluation (on a P/E ratio basis only). Hence, the price of the Share seems fairly priced for the investors when considered based on the average P/E ratio of the industry.

IPO's Strengths

• Asset-light model of business.

• Operational integration of various businesses.

• Advanced economic outcomes.

• The sponsor and management team have extensive experience.
  
  

IPO’s Weaknesses

• A significant portion of the company's revenue comes from a small number of clients, particularly in infrastructure, steel, and mining. For example, in FY 2025, over 74% of revenue came from the top 5 customers. The lack of long-term contracts increases risk, since the company’s revenue and profitability are highly dependent on these customers, and any loss or reduction in demand from them is likely to adversely impact revenue.

• Savy Infra's concentrates business lines into the Engineering, Procurement and Construction (EPC) segments, which accounted for 80.36% of revenue in FY 2025. Overall financial performance of the company could be undermined by demand downturns in this segment.

• The order book and projects are primarily located in Gujarat, Odisha, and Maharashtra. Maharashtra accounted for 66.23% of the order book value as of April 30, 2025. Operationally, any such political, regulatory, or economic changes in these areas could prove detrimental.

Savy Infra IPO GMP

Savy Infra IPO GMP has not started yet as of 15 Jul 2025 at the time of writing this information. Hence, its estimated listing price might be Rs. 120.

IPO Timetable (Tentative)

The Savy IPO date of opening is from Jul 21 to Jul 23, 2025, allotment on Jul 24, refund initiation on Jul 25, and listing on Jul 28, 2025.

Events	Date
IPO Opening Date	Jul 21, 2025
IPO Closing Date	Jul 23, 2025
IPO Allotment Date	Jul 24, 2025
Refund Initiation	Jul 25, 2025
IPO Listing Date	Jul 28, 2025

 

Savy Infra IPO Details 

The IPO with a Face Value of Rs. 10 per share offers a total issue size of 58,32,000 Shares (Rs. 69.98 Cr) with a market maker portion of 2,92,800 Shares (Rs. 3.51 Cr).

IPO Opening & Closing Date	21 Jul, 2025 to 23 Jul, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 114 to Rs. 120 per Share.
Lot Size	1200 Shares
Issue Size	58,32,000 Shares (Rs. 69.98 Cr)
Offer for Sale	-
Fresh Issue	58,32,000 Shares (Rs. 69.98 Cr)
Listing at	NSE, SME
Issue Type	Book Build Issue
Registrar	Maashitla Securities Private Limited

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (2400 Shares) for Rs. 2,88,000 and in multiples thereof, while for HNI investors, the minimum Lot is 3 (3600 Shares) for Rs. 4,32,000.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
HNI (Min)	3 Lots

 

IPO Reservation (% of Net Issue)

Institutional’s Portion	50%
Retail’s Portion	35%
Non-Institutional Portion	15%

 

Promoters And Management of Savy Infra & Logistics Ltd.

• Tilak Mundhra

• Liladhar Mundhra.
  
  

Pre-Issue Promoter Shareholding	85.87%
Post-Issue Promoter Shareholding	-

 

IPO Lead Managers

• Unistone Capital Pvt Ltd.

 

Dividend Policy

The company has not paid a dividend in the last three fiscal years.

 

 

Conclusion

The Savy Infra IPO provides an opportunity for investors to engage with a growing EPC and logistics company that operates with an asset-light model and demonstrates robust financial growth. It is also reasonably priced in comparison to peers on the P/E ratio and has a focused presence in important Indian states, which enhances its potential for long-term growth.

The company faces notable risks revenue concentration and sector dependency are two key issues. As always, fundamentals and risk appetite should be evaluated before applying.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.