Savy Infra & Logistics: Savy Infra & Logistics shares get listed at 13.75% premium!Savy Infra & Logistics: Savy Infra & Logistics shares get listed at 13.75% premium!

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Savy Infra & Logistics shares debuted on NSE SME at ₹136.50 on July 28, a 13.75% premium over the ₹120 IPO price. The nearly ₹70 crore SME IPO ran from July 21 to 23 and saw massive demand, getting subscribed 114.50 times.

Also Read: Energy stock jumps 9% after securing ₹865 Cr order from Vedanta

The IPO received bids for 44.40 crore shares against 38.78 lakh shares on offer. Retail investors subscribed 91.62 times, NIIs 196.44 times, and QIBs 93.02 times, reflecting strong demand across all investor categories.

Savy Infra and Logistics Limited, established in January 2006, is an EPC company specializing in earthwork and foundation preparation. It also offers road construction, demolition services, embankment building, and surface paving for various infrastructure and redevelopment projects.

Also Read: Infra stock falls 6% despite reporting 23% YoY increase in net profits

The objective of this IPO is to raise funds to meet working capital requirements, purchase equipment and machinery, repay certain borrowings, and support general corporate purposes for business expansion and operational growth.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.