Shares of Savy Infra & Logistics Ltd., an EPC infrastructure firm, made a strong debut on July 28, 2025, listing at ₹136.50 on the NSE SME platform—marking a 13.75% premium over its IPO issue price of ₹120 per share. This comes after its SME IPO garnered an overwhelming 114.5× subscription, reflecting strong investor sentiment for the engineering and logistics sector.
Behind the Bullish Debut
Issue Oversubscribed: The ₹69.98 crore IPO, comprising 58.32 lakh fresh shares, saw demand exceed supply by 114.5 times, led by HNIs (196.44×), QIBs (93.02×), and retail investors (91.62×).
Anchor Support: Prior to public listing, the company raised ₹19.93 crore from anchor investors to bolster confidence in its offering.
Company Snapshot & IPO Structure
Founded: 2006, headquartered in Gandhinagar
Core Business: EPC services—earthwork, foundation prep, road construction, embankment & sub-base laying, demolition, excavation, and logistics. Operates on a capital-efficient, asset‑light model by leasing trucks and machinery.
IPO Details:
Price Band: ₹114–₹120
Lot Size: 1,200 shares (~₹2.73 lakh minimum subscription)
Use of Proceeds: ₹49 crore for working capital; remainder for general purposes
Financials & Growth Trajectory
Savy Infra delivered robust financial performance up to March 2025:
Revenue: ₹283.77 crore (+179% YoY)
PAT: ₹23.88 crore (+142% YoY)
Order Book: Strong pipeline totaling ₹430 crore across states like Gujarat, Maharashtra, Karnataka
Expert Reactions
“The listing premium reflects strong retail enthusiasm, although grey market expectations at ~21% were slightly optimistic,” said CA Manish Mishra.
“Revenue and profitability momentum is solid, but geographic concentration and niche client base merit attention in the post-listing phase,” added CA Manoj Kumar Singh.
Why It Matters
Investor Confidence: Oversubscription and listing gains reaffirm confidence in mid‑cap infrastructure plays.
Sector Sentiment: Success reinforces positive sentiment around SME IPOs and construction-focused EPC businesses.
Valuation Insights: Despite GMP hints around ~₹146, listing at ₹136.50 underscores cautious optimism balancing reward and risk.
Conclusion
Savy Infra & Logistics delivered a strong debut with reasonable gains, signaling investor trust in its growth story and execution capability. While long-term investor value hinges on execution—especially in scaling geographically and diversifying its client base—its performance marks it out as a noteworthy SME IPO in Q3 FY26.
