📈 Savy Infra and Logistics IPO Opens July 21: Full Details Inside
Savy Infra and Logistics Ltd. is launching its SME IPO, opening for public subscription on July 21, 2024. The company, operating in the infrastructure development and logistics support services segment, aims to raise capital to expand its operations and strengthen its financial standing.
This blog by Vizzve Finance provides you with complete insights into the IPO—price band, lot size, key dates, objectives, and more.
🗓️ Key IPO Details:
IPO Opening Date: July 21, 2024
IPO Closing Date: July 25, 2024
Price Band: ₹40 to ₹42 per share (expected)
Face Value: ₹10 per share
Market Lot: 3,000 shares
Minimum Investment: ₹1,26,000 (at ₹42 per share)
Issue Size: ₹40.36 crores (approximate)
Type: Book-built SME IPO
Exchange: NSE SME platform
Registrar: Bigshare Services Pvt. Ltd.
💼 About Savy Infra and Logistics Ltd.
Founded in 2009, Savy Infra and Logistics provides construction project execution, material supply, and logistics management for infrastructure development. The firm operates in both government and private sectors, focusing on roads, bridges, buildings, and industrial logistics.
With growing contracts across multiple states and a robust order book, the company now seeks public investment to fund working capital needs and repay certain borrowings.
📊 IPO Objectives:
Working capital augmentation
Loan repayment
General corporate purposes
Enhancing brand visibility and market position
📅 IPO Allotment & Listing Dates:
Basis of Allotment: July 26, 2024
Refunds Initiation: July 29, 2024
Demat Credit: July 30, 2024
Listing Date: July 31, 2024 (tentative)
🔍 Should You Invest?
Analysts note the strong order book, experience in infrastructure, and growing logistics demand as positives. However, being an SME IPO, liquidity risks and volatility may apply. Always consult your financial advisor before investing.
Frequently Asked Questions (FAQ) :?
Q1. What is the price band of Savy Infra and Logistics IPO?
The expected price band is ₹40 to ₹42 per share.
Q2. When will the Savy Infra IPO open and close?
The IPO opens on July 21 and closes on July 25, 2024.
Q3. What is the lot size for the Savy Infra IPO?
The lot size is 3,000 shares.
Q4. Where will the IPO be listed?
It will be listed on the NSE SME platform.
Q5. When will I get allotment confirmation?
The basis of allotment will be finalized on July 26, 2024.
Published on:July 21,2025
Published by :Selvi
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