Savy Infra & Logistics IPO Lists at 13.75% Premium
Savy Infra & Logistics shares made a strong debut on the NSE SME platform, listing at ₹136.50, a 13.75% premium over its IPO price of ₹120.
Key Details
- IPO Price: ₹120
- Listing Price: ₹136.50
- Premium: 13.75%
- IPO Size: ₹70 crore
- Subscription: 114.50 times
Investor Response
- Retail Investors: 91.62 times subscription
- Non-Institutional Investors: 196.44 times subscription
- Qualified Institutional Buyers: 93.02 times subscription
About Savy Infra & Logistics
- Company Overview: Savy Infra & Logistics is an EPC company specializing in earthwork and foundation preparation for infrastructure projects.
- Business Model: Asset-light model with a focus on leasing transportation resources and overseeing logistics execution.
- Services: Road construction, embankment building, demolition services, and excavation solutions.
Use of Proceeds
- Working Capital Requirements: Funding working capital needs.
- General Corporate Purposes: Supporting general corporate purposes.
The strong listing reflects investor confidence in the company’s growth prospects.