Savy Infra IPO: Full Analysis, Risks & Growth Review

Savy Infra & Logistics Ltd, a fast-growing infrastructure and logistics services provider, is launching its Initial Public Offering (IPO) from July 21 to July 23, 2025. The book-building IPO is worth ₹69.98 crores, comprising an entirely fresh issue of 58.32 lakh shares. The shares are proposed to be listed on the NSE SME platform with a tentative listing date of July 28, 2025.

This article dives deep into all facets of the IPO—from financials and valuation to risks and investor strategies—to help you make an informed investment decision.

IPO Overview

• IPO Opening Date: July 21, 2025

• IPO Closing Date: July 23, 2025

• Allotment Date: July 24, 2025

• Refund Initiation: July 25, 2025

• Listing Date: July 28, 2025

• Issue Type: Bookbuilding IPO

• Issue Size: 58,32,000 shares worth ₹69.98 crores

• Price Band: ₹114 – ₹120 per share

• Face Value: ₹10 per share

• Lot Size: 1,200 shares per lot

• Minimum Retail Investment: 2 lots = 2,400 shares = ₹2,88,000

• Registrar: MUFG Intime India Private Limited

• Stock Exchange: NSE SME

Share Reservation Breakdown

Company Background

Savy Infra & Logistics Limited, incorporated in 2006, is a Gujarat-based EPC (Engineering, Procurement, and Construction) contractor and logistics service provider. The company specializes in:

• Earthworks

• Transportation

• Road infrastructure

• Sub-grade preparation

• Surfacing and embankments

Its asset-light business model allows the company to rent equipment instead of owning it, which helps reduce capital intensity while maximizing operational flexibility.

Savy has executed projects across Gujarat, Maharashtra, Andhra Pradesh, Telangana, Madhya Pradesh, Chhattisgarh, Karnataka, and Odisha. The company is actively working on expanding its market presence across India.

Financial Performance

Revenue & Profit Growth

Balance Sheet Strength

The company’s revenue grew by over 179% from FY24 to FY25, while PAT increased by 142%. This level of growth demonstrates strong demand for Savy’s services and excellent project execution capabilities.

Key Ratios and Valuation

PE Ratio of 7.53 indicates the stock is relatively undervalued compared to typical infra sector SME IPOs, which often list with PE between 10 to 15.

Use of IPO Proceeds

The ₹69.98 crore raised via this IPO will be used as follows:

1. Working Capital Requirements:
   A significant portion will be utilized to fund ongoing and upcoming projects.

2. General Corporate Purposes:
   This includes hiring, system upgrades, and expansion efforts.

3. Business Expansion:
   Strengthening the company’s regional presence and broadening service offerings.

Promoter Holdings

Promoters continue to hold a substantial stake, indicating long-term confidence in the business.

Industry Outlook

India’s infrastructure sector is witnessing consistent growth, driven by:

• Government’s focus on building highways, logistics parks, and smart cities

• Rising public-private partnerships in transport and logistics

• Growth in last-mile connectivity and inter-state transportation

Savy Infra & Logistics is well-positioned to benefit from this growth wave, especially given its strong presence in multiple Indian states and its asset-light operating model.

Grey Market Premium (GMP)

As of July 21, 2025:

The GMP is ₹0, indicating neutral grey market interest. However, many SME IPOs often perform better than GMP expectations, especially if financials are strong.

Strengths of the IPO

• Rapid Financial Growth:
  Demonstrated strong revenue and profit CAGR in the last two years.

• Low PE Ratio:
  Attractive valuation versus peers in the infrastructure domain.

• Experienced Management Team:
  The promoters have deep domain expertise and a proven track record.

• Geographical Diversification:
  Completed multiple projects across 8 Indian states.

• Asset-Light Model:
  Reduces fixed costs and allows scalability without massive capex.

Risks to Consider

• High Borrowings:
  ₹44.84 Cr in debt may put pressure on cash flow if not managed well.

• Sector Concentration:
  Overdependence on infra and logistics might affect earnings during an economic slowdown.

• Working Capital Intensity:
  EPC businesses typically have high working capital needs.

• Limited GMP Sentiment:
  Zero GMP might reflect limited short-term market enthusiasm.

How to Apply for the IPO

Step 1: Open a demat account (if you don’t have one).
Step 2: Login to your brokerage account and go to the IPO section.
Step 3: Choose “Savy Infra & Logistics Limited IPO.”
Step 4: Enter the number of lots (minimum 2 for retail investors).
Step 5: Approve the UPI mandate to block funds.
Step 6: Wait for allotment updates.

IPO Subscription Status (To Be Updated)

Real-time subscription data will be available once bidding starts.

Investment Strategy

For Retail Investors

• The company offers strong revenue momentum, making it suitable for investors with a medium to long-term view.

• Consider applying if you are comfortable with ₹2.88 lakh investment and have a risk appetite for SME listings.

For High Net-Worth Individuals (HNIs)

• The fundamentals are sound, and the valuation is fair.

• GMP is flat, but underlying business stability may attract institutional buyers post-listing.

Conclusion

The Savy Infra & Logistics IPO is a well-structured issue backed by solid financial growth, a clear use of proceeds, and robust operational expansion. While the grey market sentiment is muted, the low PE ratio and strong FY25 numbers make it an appealing option for investors looking to tap into India’s infrastructure and logistics boom.

Final Verdict:
If you believe in the long-term growth of India’s infra sector and can tolerate medium risk, this IPO deserves consideration—especially given its attractive valuation and earnings strength.

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