Sevi Infra Logistics sets the IPO price band at Rs 114-120/share, SME issue opens on July 21

Gandhinagar -based EPC player Savi Infra and logistics said on Sunday that they had to pay Rs 70 crore per equity share for the opening public offer fur of Rs 70 crore. Price band has been set on 114-120, which will open for public subscription on July 21.

The initial public offerings (IPO) will end on July 23, and the company’s shares will be listed on the NSE Emerg, Sevi Infra and Logistics said in a statement.

IPO is a new issue of fully 58.32 lakh equity shares.

Rs. The net income from a public issue of Rs 49 crore will be used to fund the working capital requirements and balance for general corporate purposes.

“The Raised Boined capital will support our working capital needs and enable us to effectively scales both the EPC and the logistics department,” said Savi Infra and Logistics Chairman and MD Tilak Mundra.

Sevi Infra and Logistics are engaged in the business of ingesting, procurement and construction (EPC) and logistics, focusing on infrastructure projects.

The company also offers logistics services through the asset-light model renting trucks and drivers.

In FY 25, the company has paid Rs. 283.39 crore was made a profit after income and tax of Rs 23.88 crore.

The Uniston Capital is the lead manager running the only book, and a registrar for Machine Securities IPO.