Savy Infra and Logistics
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 21 Jul 2025 – 23 Jul 2025
- Listing date
- 28 Jul 2025
- Face value
- ₹10 per share
- Issue price
- ₹120 per share
- Lot size
- 1,200 shares
- Listing at
- NSE
- Total issue size
- ₹69.98 Cr
- Market cap at offer price
- ₹250 Cr
- Promoter holding
- 85.87% → 61.81% pre-issue → post-issue
- ISIN
- INE0UCN01017
- Registrar
- Maashitla Securities Pvt.Ltd.
- Lead managers
- Unistone Capital Pvt.Ltd.
- Registered office
- Office No.718, Seventh Floor, Sharan Circle business Hub, Nr Sharan Circle Zunda, Cross, Zundal, Gujarat
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 16,60,800 | — | — |
| Market maker | 2,92,800 | — | — |
Application size
Minimum 1,200 shares per lot, in multiples, at ₹120
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,200 | ₹1,44,000 |
| S-HNI (min) | 2 | 2,400 | ₹2,88,000 |
| S-HNI (max) | 6 | 7,200 | ₹8,64,000 |
| B-HNI (min) | 7 | 8,400 | ₹10,08,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 15.94 | 11.48 |
| P/E (×) | 7.53 | 10.45 |
| Price to book (×) | 3.44 | — |
| Market cap | — | ₹250 Cr |
Key performance indicators
- Return on net worth
- 45.70%
- ROCE
- 36.69%
- Debt / equity
- 0.86
- PAT margin
- 8.43%
- EBITDA margin
- 12.57%
- NAV per share
- ₹34.89
- Price to book
- 3.44
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Savy Infra and Logistics
Savy Infra and Logistics Limited (formerly Shubhangi Metal Private Limited) was incorporated in 2006 and converted to a public company in 2024. The company operates in two primary segments: (1) EPC (Engineering, Procurement & Construction) services including earthwork, excavation, foundation preparation, and civil construction for infrastructure projects such as roads, embankments, and sub-grade preparation; and (2) Logistics services including Full Truck Load (FTL) transportation of materials and minerals. The company operates an asset-light business model, renting machinery and trucks rather than owning them. With completed projects valued at ₹22,018.69 lakhs across 34 projects and an order book of ₹26,955.04 lakhs, the company serves clients in the infrastructure, steel, and mining industries across multiple Indian states.
Company Analysis
from DRHPSavy Infra and Logistics Limited is an EPC and logistics company providing earthwork, foundation preparation, and full truck load (FTL) transportation services for infrastructure, steel, and mining sectors across India.
Savy Infra and Logistics Limited (formerly Shubhangi Metal Private Limited) was incorporated in 2006 and converted to a public company in 2024. The company operates in two primary segments: (1) EPC (Engineering, Procurement & Construction) services including earthwork, excavation, foundation preparation, and civil construction for infrastructure projects such as roads, embankments, and sub-grade preparation; and (2) Logistics services including Full Truck Load (FTL) transportation of materials and minerals. The company operates an asset-light business model, renting machinery and trucks rather than owning them. With completed projects valued at ₹22,018.69 lakhs across 34 projects and an order book of ₹26,955.04 lakhs, the company serves clients in the infrastructure, steel, and mining industries across multiple Indian states.
Objects of the Issue
- Funding working capital requirements of the company ₹4,100.00 lakhs p.75
- General Corporate Purposes p.75
Issue Structure
- Total Issue
- Up to 57,06,000 Equity Shares aggregating up to ₹[●] Lakhs
- Fresh Issue
- Up to 57,06,000 Equity Shares of face value of ₹10 each
- Offer for Sale
- Nil
- Price Band
- ₹[●] to ₹[●] per Equity Share (Floor Price to Cap Price)
- Lot Size
- [●] Equity Shares and multiples thereof; Minimum allotment subject to minimum Bid Lot
- Face Value
- ₹10 per Equity Share
Business Model
The company derives revenue from two segments: EPC services (70.86% of FY24 revenue) earned through fixed-price project contracts with clients in infrastructure, steel and mining sectors, typically completed over 4-month cycles; and Logistics services (29.14% of FY24 revenue) provided on an asset-light model through renting trucks from third-party operators and charging clients for transportation services. The company does not own heavy machinery or trucks, instead renting these resources on need basis to maintain operational flexibility and minimize capital expenditure.
Business Segments
SWOT Analysis
- • Asset-light business model reduces capital requirements and operational risks(p.122)
- • Integrated EPC and logistics operations provide end-to-end solutions(p.122)
- • Strong financial performance with growing order book(p.123)
- • Experienced promoter with deep domain expertise(p.123)
- • 34 completed projects demonstrating execution capability(p.124)
- • Heavy dependence on limited number of customers(p.31)
- • Single business segment concentration risk(p.32)
- • Geographic concentration in specific states(p.32)
- • Absence of long-term customer agreements(p.33)
- • Dependence on limited supplier base(p.35)
- • Negative cash flows in certain periods(p.36)
- • Directors lack experience with publicly listed companies(p.42)
- • Promoter has provided personal guarantees for company debt(p.40)
- • India's high infrastructure capex spending and targets(p.105)
- • Entry into green/electric vehicle logistics segment(p.123)
- • Geographic expansion within India(p.124)
- • Growing logistics market size(p.105)
- • Government focus on infrastructure development(p.104)
- • Regulatory changes in infrastructure and labor sectors(p.46)
- • Competition from organized and unorganized players(p.40)
- • Slowdown in economic growth and infrastructure spending(p.47)
- • Seasonal variations affecting construction projects(p.37)
- • Dependence on road network infrastructure(p.37)
- • Exposure to multiple regulatory approvals and permits(p.37)
- • Global economic uncertainty and financial market volatility(p.47)
- • Environmental compliance requirements(p.38)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Tilak Mundhra | Promoter | 53.62% | — |
| Liladhar Mundhra | Promoter | 32.25% | — |
Leadership
Auto-extracted from the company's DRHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official DRHP before relying on it.