Here are the comprehensive details for the Savy Infra & Logistics Limited IPO. The Savy Infra & Logistics SME IPO opens on July 21, 2025, offering up to 58.32 lakh fresh equity shares at ₹114–120 each.
Minimum investment is high (~₹1.44 lakh), with allotment results expected July 24 and NSE Emerge listing on July 28.
With strong financial momentum, a robust order book, and a pivot toward EV-driven logistics, it presents growth potential—but carries typical SME IPO risks: concentrated operations, market volatility, and significant capital requirements.
IPO Dates
- Opening Date: July 21, 2025
- Closeing Date: July 23, 2025
- Allotment Finalization: July 24, 2025
- Initiation of Refunds: Jul 25, 2025
- Credit of Shares to Demat: Jul 25, 2025
- Listing Date: Expected July 28, 2025
IPO details
- Face Value: ₹10 per share
- Lot Size: 1,200 shares
- Offer Type: 100% fresh issue of 58.32 lakh shares (no offer-for-sale)
- Issue Size: ~₹70 Crore (₹69.98 Cr)
- Issue Type: Bookbuilding IPO
- Listing At: NSE SME
- Share Holding Pre Issue: 1,49,76,480 shares
- Share Holding Post Issue: 2,08,08,480 shares
GMP of Savy Infra & Logistics Limited IPO
The Grey Market Premium (GMP) for Savy Infra & Logistics Limited IPO is currently ₹ 0, meaning the shares are trading at the issue price with no premium or discount in the grey market.
Promoters of Savy Infra & Logistics Limited
Here are the details of the promoters behind Savy Infra & Logistics Limited:
1. Mr. Tilak Mundhra
- Position: Chairman & Managing Director
- Role: Leads the company’s core Infrastructure and Green Trucking businesses. Instrumental in forging strategic alliances, driving innovation, and steering growth since its inception.
2. Mr. Liladhar Mundhra
- Position: Non‑Executive Director
- Experience: Boasts over 40 years in business. Acts as a guiding force for the group, offering deep industry insights and strategic support towards company expansion.
Promoters’ Snapshot
Promoter | Designation | Expertise & Contribution |
---|---|---|
Tilak Mundhra | Chairman & Managing Director | Leads operations and growth strategy; focuses on EPC, earthwork & green trucking. |
Liladhar Mundhra | Non‑Executive Director | Brings four decades of entrepreneurial/business experience; strategic oversight. |
Board & Management Team
Alongside the promoters, the board includes independent directors and key executives who support governance and operations:
- Mr. Gopesh K. Shah – Independent Director
- Mr. Sagar L. Arole – Independent Director
- Ms. Anjali Jain – Independent Director
- Mr. Maharshi Devendrabhai Trivedi – Chief Financial Officer
- Ms. Sneha Parth Shah – Company Secretary & Compliance Officer
Savy Infra & Logistics Limited IPO Lot Size
Here’s a clear breakdown of the lot size requirements for the Savy Infra & Logistics Limited IPO:
Application | Lots | Shares | Amount |
---|---|---|---|
Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,88,000 |
Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,88,000 |
S-HNI (Min) | 3 | 3,600 | ₹4,32,000 |
S-HNI (Max) | 6 | 7,200 | ₹8,64,000 |
B-HNI (Min) | 7 | 8,400 | ₹10,08,000 |
Key Takeaways
- A single lot equals 1,200 shares, which amounts to ₹144,000 at the upper price of ₹120.
- Retail investors must apply for at least 2 lots (2,400 shares), totaling ₹288,000.
- S-HNI participants require a minimum of 3 lots (3,600 shares), worth ₹432,000.
Savy Infra & Logistics Limited IPO Promoter Holding
Here’s the promoter shareholding for Savy Infra & Logistics Limited IPO:
Category | Pre-IPO Holding | Post-IPO Holding |
---|---|---|
Promoters (Tilak & Liladhar Mundhra) | 85.87 % | – |
- Pre-IPO promoter stake is 85.87 %, according to multiple IPO disclosures.
- The post-IPO promoter shareholding isn’t explicitly mentioned in public disclosures, as the SME IPO consists entirely of fresh shares and there’s no offer-for-sale involving promoters.
About Savy Infra & Logistics Limited
- Founded: January 16, 2006, originally as Shubhangi Metal Private Limited; rebranded to Savy Infra & Logistics in 2023, and converted from private to public entity in 2024.
- Headquarters: Registered in Ahmedabad, Gujarat, with regional operations in Odisha, Jharkhand, Andhra Pradesh, and Gujarat.
Business Segments & Services
1) EPC (Engineering, Procurement & Construction)
- Handles turnkey infrastructure projects across concept, procurement, construction, and commissioning.
2) Earthwork & Infrastructure
- Executes excavation, grading, trenching, compaction, etc., for roads, embankments, steel, and mining projects.
3) Specialized Transportation & Logistics
- Operates ~100 trucks (asset-light model) for debris hauling and material transport; plans to expand with 150+ additional EV trucks.
4) Green Logistics (EV Fleet)
- Positioned as an early mover in deploying electric trucks for heavy-duty freight, optimizing costs, reducing carbon footprint, and potentially earning carbon credits.
Projects & Clients
- Executed Projects: 30+, including major assignments for Dilip Buildcon (Bhadbhut Barrage, Surat Metro), KEC International (Vishakapatnam, Nuagaon), among others.
- Current Orderbook: ₹240+ crore across ~12 ongoing contracts worth ₹89 crore.
Sustainability & Strategy
- Ambitious green logistics focus: deploying an additional 150+ EV heavy-duty trucks, aimed at reducing emissions and generating carbon credits.
- Strategic emphasis on ESG, digital integration, and AI-powered supply chains to boost margins, efficiency, and long-term contracts.
At a Glance
Attribute | Details |
---|---|
Incorporation | Jan 2006 (private); public in 2024 |
Segments | EPC, Earthworks, Logistics (EV + diesel) |
Fleet | ~100 trucks; planning 250+ (150+ EVs) |
Orderbook | ₹240 Cr+ |
Projects | 30+ completed; 12 ongoing contracts |
Key Clients | Dilip Buildcon, KEC International, Jindal Steel & Power |
Leadership | Tilak & Liladhar Mundhra; professional board |
Workforce | 350+ moving to 550+ in FY25 |
Green Targets | Electric fleet, carbon credits, ESG alignment |
Savy Infra & Logistics Limited Financial Information
Period Ended | 31 Mar 2025 | Mar 31 2024 | 31 Mar 2023 |
Assets | 185.81 | 41.70 | 10.10 |
Revenue | 283.77 | 101.62 | 6.19 |
Profit After Tax | 23.88 | 9.87 | 0.34 |
EBITDA | 35.62 | 14.95 | 0.57 |
Net Worth | 52.25 | 10.51 | 0.64 |
Reserves and Surplus | 37.27 | 10.41 | 0.54 |
Total Borrowing | 44.84 | 8.49 | 3.12 |
Key Performance Indicator (KPI)
KPI | Values |
---|---|
ROE | 76.10% |
ROCE | 36.69% |
Debt/Equity | 0.86 |
RoNW | 45.70% |
PAT Margin | 8.43% |
EBITDA Margin | 12.57% |
Price to Book Value | 3.44 |
Interpretation of KPIs
- High RoNW (94.8%) – indicates excellent return on shareholders’ equity.
- EPS Growth – from ₹0.31 to ₹7.24 in a year is a sign of significant profitability increase.
- Healthy PAT Margins – around 9.7% for an infrastructure-logistics player is strong.
- Low P/E Ratio – pricing at 16–18× earnings is relatively attractive for a high-growth SME IPO.
- Controlled Leverage – debt-equity ratio of 0.80 shows balanced gearing.

Objects of the Issue (Savy Infra & Logistics Limited IPO Objectives)
Here are the Objects of the Issue for the Savy Infra & Logistics Limited IPO, as disclosed in the Draft Prospectus and SME IPO documents:
Purpose | Amount (₹ Crore) |
---|---|
1. Working Capital Requirements | ₹49.68 Cr |
2. General Corporate Purposes | ₹13.00 Cr (approx.) |
3. Issue-related Expenses (including listing fees, registrar, legal) | ₹7.30 Cr (approx.) |
Strengths of Savy Infra & Logistics Limited IPO
1) Rapid Scaling
- Revenue grew from ₹6.2 Cr in 2023 to ₹101.6 Cr in 2024, with PAT rising from ₹0.34 Cr to ₹9.96 Cr
2) Asset-Light and Efficient Model
- Combines EPC and logistics using a rented-trucks model, minimizing capital costs and improving scalability.
3) Early Adoption of Green Logistics
- Plans to deploy 150+ EV trucks to reduce emissions and cost, positioning for carbon credits and long-term ESG value.
4) Diversified Projects & Reputed Clients
- Completed 30+ projects; ongoing work in infrastructure, mining across Gujarat, Jharkhand, Odisha, Andhra Pr.
5) High Profitability
- EBITDA margins around ~15.5% and PAT margins near 9–10% are strong for an EPC/logistics SME.
Risks of Savy Infra & Logistics Limited IPO
1) Execution & Project Delays
- Delays in execution due to monsoon, resource shortages, or logistics could impact timelines and margins (example from peer Active Infrastructures).
2) High Working Capital Requirements
- Utilizes ~₹49 Cr from IPO proceeds for working capital. Long receivables (₹23.7 Cr) and inventory (₹18.5 Cr) noted as of June 2024.
3) Revenue Concentration & Client Risk
- A significant portion of revenue tied to a few clients (e.g., Dilip Buildcon, KEC International); losing a major client could hurt order book.
4) Commodity and Input Cost Pressures
- Volatility in fuel, explosives, material costs can erode margins. EPC/logistics firms are particularly vulnerable.
5) Competitive Market
- Faces intense competition from larger EPC/logistics players, potentially limiting contract pricing power.
Summary
- Strengths: Fast growth, strong margin profile, solid order book, reputable clients, green logistics focus.
- Risks: Execution delays, working capital intensity, client/vendor concentration, cost inflation, and competitive/SME ecosystem challenges.
Savy Infra & Logistics Limited Contact Details
Here are the official contact details for Savy Infra & Logistics Limited:
Registered Address
Office No. 718, Sharan Circle Hub, Zundal, Gandhinagar, Gujarat 382421, India
Company Secretary & Compliance Officer (Investor Relations)
- Ms. Sneha Shah
- Phone: +91 92270 27522
- Email: compliance@savyinfra.com
Registrar & Transfer Agent
Maashitla Securities Pvt. Ltd.
- Address: Raheja Platinum, Marol CHS Rd, off Andheri–Kurla Road, Marol, Andheri East, Mumbai, Maharashtra – 400059
- Phone: +91‑11‑45121795 / 96
- Email: investor.ipo@maashitla.com
- SEBI Regn. No.: INR000004370
Website
- Corporate Site: www.savyinfra.com
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