Savy Infra's Spectacular Debut: IPO Success on NSE SME
Savy Infra and Logistics' shares soared nearly 20% above the issue price, closing at Rs 143.30 on NSE's SME platform. The IPO, valuing Rs 70 crore, was oversubscribed at 114.50 times. The company, based in Gandhinagar, focuses on EPC and logistics, reporting impressive financials for FY25.
- Country:
- India
Savy Infra and Logistics concluded Monday's trading with a remarkable gain of nearly 20% over its IPO issue price on the NSE's Emerge platform.
The stock debuted at Rs 136.50, a 13.75% premium, and continued an upward trend, closing at Rs 143.30. This success marks a 19.42% increase, with market capitalisation reaching Rs 298.19 crore.
The IPO, valued at Rs 70 crore, saw overwhelming investor interest, being subscribed 114.50 times. Based in Gandhinagar, Savy Infra specializes in EPC and logistics, reporting Rs 283.39 crore revenue and Rs 23.88 crore profit for FY25.
(With inputs from agencies.)
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