Wednesday, September 16
The shares of Savy Infra listed at a premium of 13.75% on the NSE SME platform. The stock debuted at Rs 136.5 against an issue price of Rs 120. The company’s Rs 69.98 crore IPO closed with an overall subscription of 114.5 times, led by massive bids from HNIs and strong support from retail and institutional investors.Subscription breakdownThe IPO, which ran from July 21 to July 23, saw NII (HNI) bids overshoot by 196.44 times, followed by QIBs at 93.02 times and retail investors at 91.62 times.About the CompanySavy Infra and Logistics is an EPC contractor involved in large-scale infrastructure groundwork—particularly earthmoving, foundation preparation, and demolition—as well as associated logistics and equipment rental services. The company operates on an asset-light model, offering
India's e-commerce sector is set for significant growth in the coming years, according to a report by McKinsey & Company.The report noted that only 20-25 per cent of India's 850 million internet users shop online. This is much lower as compared with mature markets like the United States and China, where over 85 per cent of internet users make purchases online.The report said, "Out of the country's 850 million internet users, only about 20 to 25 per cent shop online".The report also highlighted that India has seen a strong rise in e-commerce activity over the past few years.The country is not just catching up as a fast adopter of online shopping but is also emerging as an innovator in the field. This is especially visible in the rapid growth of quick commerce platforms that deliver good
