Savy Infra & Logistics Sets IPO Price Band and Aims for Growth
Savy Infra & Logistics, an EPC player, announces a price band of Rs 114-120 for its Rs 70 crore IPO, opening July 21. The fresh issue aims to fund working capital and general purposes. The Gandhinagar-based company focuses on infrastructure projects, reporting significant revenue and profit in FY25.
- Country:
- India
Gandhinagar's Savy Infra & Logistics has set the price band for its upcoming IPO, aiming to raise Rs 70 crore. Priced at Rs 114-120 per equity share, the IPO opens on July 21 and closes on July 23, with shares set to be listed on NSE Emerge.
The IPO will consist entirely of a fresh issue of up to 58.32 lakh equity shares. Proceeds of Rs 49 crore will primarily address working capital needs, with the remainder allocated for general corporate purposes, according to the company's statement.
Chairman and MD Tilak Mundhra emphasized the importance of the capital in scaling both EPC and logistics operations. Savy Infra & Logistics, known for its engineering, procurement, construction, and asset-light logistics model, reported substantial financial results for FY25.
(With inputs from agencies.)
ALSO READ
Onion growers seek procurement from APMCs rather than 'corrupt' FPOs
ULMA Secures €45M EIB Loan to Drive Sustainable Innovation in Construction
Mumbai-Ahmedabad Bullet Train: Landmark Engineering Feats Accomplished
Tragic Construction Site Accident Claims Young Worker's Life
Allied Engineering Works Eyes IPO to Power Smart Metering Revolution
Google News