Savy Infra IPO Subscribed 114.50 Times as Retail Demand Crosses 91x on Final Day

Mumbai, 23 July 2025: Savy Infra Limited’s initial public offering closed with an overall subscription of 114.50 times by the end of Day 3. Among all categories, retail individual investors emerged as the most active participants, bidding more than 91 times their allocated quota.

Retail Investors Submit Over 74,000 Applications as Bidding Touches ₹2,132 Crore

Retail investors were offered 19.39 lakh shares in the IPO. By market close on 23 July, bids were received for over 17.76 crore shares in this segment. The total amount applied for by retail investors reached ₹2,132.12 crore, with 74,032 applications received. This placed the retail subscription level at 91.62 times, making it one of the most sought-after IPOs in recent weeks among individual investors.

Non-Institutional Investors Contribute ₹1,960 Crore in Bids on Final Day

The non-institutional investor segment, including high net-worth individuals, bid for 16.33 crore shares against an available 8.31 lakh shares. This resulted in a subscription level of 196.44 times. The total value of bids placed by this segment amounted to ₹1,960.36 crore from 23,251 applications, indicating strong interest in the offering beyond the retail base.

Institutional Investors Step In with ₹1,236 Crore as QIB Portion Sees 93x Demand

Qualified institutional buyers also showed significant interest on the final day. They were allotted 11.07 lakh shares in the offer and submitted bids for over 10.30 crore shares. The total application amount stood at ₹1,236.30 crore with 72 institutional bids received. This took the QIB subscription level to 93.02 times, underlining meaningful institutional participation.

Anchor and Market Maker Portions Fully Utilised Ahead of Main Bidding Window

Prior to the public bidding, 16.60 lakh shares were allocated to anchor investors, absorbing ₹19.93 crore. Market makers subscribed to their entire reserved portion of 2.92 lakh shares amounting to ₹3.51 crore. These pre-bid allocations were completed ahead of the official opening.

IPO Receives Over 97,000 Applications and Bids Worth ₹5,328 Crore

Across all categories, a total of 44.40 crore shares were bid for against 38.78 lakh shares available to the public. This brought the total bid value to ₹5,328.78 crore, with 97,355 applications received. The IPO concluded with a full subscription across every investor class, indicating wide-scale interest.

Savy Infra IPO Offer Structure Explained

Savy Infra Limited’s public issue offered 55 lakh equity shares. Of this, 19.39 lakh shares were allocated to retail investors, 27.68 lakh to qualified institutional buyers, and 8.31 lakh to non-institutional investors. An additional 16.60 lakh shares were allotted to anchor investors and 2.92 lakh to market makers. The total issue size stood at ₹89.91 crore.

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