Savy Infra IPO Oversubscribed 20.83x by Day 3 Morning; Retail Crosses 21.63x, NII 38.99x, QIBs Expand Bids

Gandhinagar, July 23, 2025 – The IPO of Savy Infra and Logistics Limited (NSE-SME: SAVY) is drawing massive investor interest as it enters its final day. The IPO was subscribed 19.21 times overall by 11:29 AM on July 23, 2025, with the retail individual investor (RII) category seeing a 21.63 times subscription, qualified institutional buyers (QIB) at 5.82 times, and non-institutional investors (NII) leading at 38.99 times.

About Savy Infra and Logistics

Savy Infra & Logistics Ltd provides engineering, procurement, and construction (EPC) services, including earthworks, foundation construction, and equipment leasing. It also operates an asset-light logistics business, focusing on full truckload transport. The company reported strong growth in FY25, with revenue rising ~179% and PAT increasing ~142% year‑on‑year.

IPO Details & Timeline

• Price Band: ₹114–120 per share
• Issue Size: ₹69.98 crore, entirely fresh issue
• Lot Size: 1,200 shares per lot
• Minimum Investment: ₹1.44 lakh (for 1 lot)
• Issue Opens: July 21, 2025
• Issue Closes: July 23, 2025
• Basis of Allotment: July 24, 2025
• Refunds & Demat Credit: July 25, 2025
• Listing Date (on NSE SME): July 28, 2025

Considerations for Retail Investors

• High competition for allotment: Retail oversubscription at ~20 times means that most investors will receive only partial allotments.
• Mandate confirmation critical: Ensure your UPI/ASBA mandate is approved before the final close today.
• Strong fundamentals in a competitive sector: Infrastructure and logistics remain cyclical and execution-heavy, but the company has very strong fundamentals.

Anchor & Institutional Participation

Ahead of the IPO, the company raised a portion of the funds via anchor investors, providing early price stability and indicating institutional confidence. QIBs subscribed at 5.82×, showing a healthy appetite even in the SME segment.

With final bids likely to peak by the end of the day, the IPO is heading for a blockbuster close. Retail investors may receive a limited allotment due to oversubscription, while HNIs and QIBs will be allocated proportionally in accordance with SEBI norms. Stay tuned for end-of-day subscription coverage and allotment timelines.

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