Savy Infra & Logistics IPO

Savy Infra and Logistics Ltd

₹1,36,800 /1200 sharesMinimum Investment

Savy Infra & Logistics IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹120.00₹136.50₹16.50 (13.75%)

Savy Infra & Logistics IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
21 Jul ‘25 - 23 Jul ‘25₹2,73,6001,200₹114 - ₹120
Issue SizeIPO Doc
69.98Cr
RHP PDF

Subscription rate

As of 23 Jul'25, 04:00 PM
Qualified Institutional Buyers54.92x
Non-Institutional Investor131.89x
Retail Individual Investor58.69x
Total68.14x

About Savy Infra & Logistics

Savy Infra & Logistics is an engineering, procurement, and construction (EPC) firm that focuses on earthwork and foundation preparation for infrastructure projects. The company’s operations cover activities such as road construction, embankment formation, sub-grade development, granular sub-base laying, and the construction of bituminous and concrete surfaces. The company began as a supplier of quartzite for infrastructure projects and gradually expanded its scope. Savy Infra & Logistics now provides services such as excavation, grading, utility installation, and paving. As part of its EPC work, the company handles large-scale earthmoving tasks to create stable foundations for roads, buildings, and other infrastructure. The company also conducts demolition projects to clear existing structures for new developments. In addition to construction-related services, Savy Infra & Logistics also offers full truck load (FTL) transportation solutions for clients in the infrastructure, steel, and mining industries.;
Founded in
2006
Managing director
Mr. Tilak Mundhra
Parent organisation
Savy Infra and Logistics Ltd

Strengths & Financials of Savy Infra & Logistics

Strengths
Risks
Savy Infra & Logistics claims that it completed 40 EPC-related construction projects in recent years. These projects included embankment work, subgrade preparation, shoulder filling, large-scale earthworks, and excavation, with a total value of Rs 348.26 crore over the past four years.
To maintain flexibility in its operations, the company states that it outsources its requirements for trucks, machinery, and equipment to third-party contractors. The company further states that this approach allows it to focus on project execution without tying up large amounts of capital in assets. Additionally, it also helps reduce risks related to equipment breakdowns or theft, supporting smoother and timely project delivery.
Savy Infra claims that by handling both earthwork and logistics in-house, the company ensures efficient operations, adherence to quality standards, and timely completion of projects.
Currently, the company is handling 12 active projects with a combined value of over Rs 201.42 crore. Additionally, its order book includes upcoming projects worth Rs 230.56 crore.
The company is ISO 9001:2015 certified for its quality management systems and ISO 14001:2015 certified for its environmental management systems.
Over the years, the company has observed a consistent increase in its revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 6.19 crore in FY23 to Rs 101.59 crore in FY24 and Rs 283.39 crore in FY25. PAT increased from Rs 0.34 crore in FY23 to Rs 9.87 crore in FY24 and Rs 23.88 crore in FY25.
The top 3 customers accounted for Rs 191.41 crore (67.54 percent) of the company's total revenue in FY25, Rs 81.33 crore (80.06 percent) in FY24, and Rs 5.40 crore (87.18 percent) in FY23. The largest client alone accounted for Rs 142.50 crore (50.28 percent) of the company’s total revenue in FY25, Rs 50.13 crore (49.34 percent) in FY24, and Rs 2.35 crore (38.03 percent) in FY23. Any failure to retain these key customers, expand the customer base, or a loss of business from these clients can adversely affect the company’s business and financial standing.
The company derives a significant portion of its revenue from EPC projects. These projects accounted for Rs 227.73 crore (80.36 percent) of the company's total revenue in FY25, Rs 72.23 crore (71.10 percent) in FY24, and Rs 4.81 crore (77.65 percent) in FY23. Any adverse developments or downturns in this particular segment can negatively affect the company’s business operations and financial performance.
A significant portion of the company’s revenue is derived from three states - Gujarat, Maharashtra, and Andhra Pradesh. Maharashtra accounted for Rs 170.22 crore (60.07 percent) of the company’s revenue in FY25, Rs 3.10 crore (3.05 percent) in FY24, and Rs 2.21 crore (35.68 percent) in FY23. Andhra Pradesh accounted for Rs 45.37 crore (16.01 percent) of the company’s revenue in FY25, Rs 7.01 crore (6.91 percent) in FY24, and Rs 0.47 crore (7.60 percent) in FY23. Gujarat accounted for Rs 32.62 crore (11.51 percent) of the company’s revenue in FY25, Rs 60.10 crore (59.16 percent) in FY24, and Rs 1.18 crore (19.02 percent) in FY23. Any adverse political, economic, or social developments in these states can negatively impact the company’s operations and financial position.
A significant portion of the company’s revenue is derived from the West and South zones. The West zone accounted for Rs 202.84 crore (71.58 percent) of the company's total revenue in FY25, Rs 63.20 crore (62.21 percent) in FY24, and Rs 3.38 crore (54.69 percent) in FY23. The South zone accounted for Rs 73.05 crore (25.78 percent) of the company's total revenue in FY25, Rs 18.07 crore (17.78 percent) in FY24, and Rs 1.63 crore (26.29 percent) in FY23. Any negative developments in these zones could adversely affect business operations.
As of FY25, the company had trade receivables amounting to Rs 96.93 crore, a sharp increase from Rs 16.89 crore in FY24 and Rs 3.17 crore in FY23. Any failure to collect these receivables on time or at all can negatively impact the business and its financial condition.
The top five suppliers accounted for 79.76 percent of the company’s total purchases in FY25, 64.82 percent in FY24, and 68.53 percent in FY23. Furthermore, the top supplier alone accounted for 46.13 percent of the company’s total purchases in FY25, 24.77 percent in FY24, and 18.61 percent in FY23. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
The company recorded negative cash flows from operating activities amounting to Rs 17.51 crore in FY25, Rs 3.59 crore in FY24, and Rs 0.37 crore in FY23. Additionally, negative cash flows from investing activities amounted to Rs 35 crore in FY25 and Rs 0.46 crore in FY24. If cash outflows continue to exceed inflows, the company may face liquidity challenges in the future.
Certain segments of the company’s business are impacted by seasonality, with slower progress in operations during the monsoon season and a reduction in available contract labour during festivals. Any inability to manage these seasonal fluctuations effectively could adversely affect its cash flows, business, and overall financial condition.
The company, its directors, promoters, and group company are involved in certain ongoing legal proceedings, including tax-related cases. Any adverse judgments in any of these cases can be detrimental to the company’s business prospects.
As of May 31, 2025, the company had outstanding financial indebtedness of Rs 44.71 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.

Savy Infra & Logistics Financials

*All values are in Rs. Cr
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Application Details of Savy Infra & Logistics IPO

Apply asPrice bandApply upto
Regular114 - 120₹2 - 5 Lakh
High Networth Individual114 - 120₹2 - 5 Lakh
For Savy Infra & Logistics IPO, eligible investors can apply as Regular.