Samay Project Services IPO is scheduled to open for subscription on June 16, 2025, and will close on June 18, 2025. The allotment of shares is expected on June 19, 2025, and the IPO will be listed on the NSE SME platform tentatively on June 23, 2025.
This IPO is a bookbuilt issue with a fresh issue of 43.20 lakh shares, aiming to raise approximately ₹14.69 crores. The price band for the shares is fixed between ₹32 and ₹34 per share.
Retail investors need to apply for a minimum lot size of 4,000 shares, which will cost around ₹1,28,000 at the lower price band and about ₹1,36,000 at the cutoff price, which is recommended to avoid oversubscription issues. High Net-worth Investors (HNIs) can apply for a minimum of 2 lots, meaning 8,000 shares worth ₹2,72,000.
The IPO quota is divided with 35% reserved for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for HNIs.
Samay Project Services reported a revenue of ₹40.95 crores in 2024, up from ₹20.82 crores in 2023, while profit increased to ₹4.62 crores in 2024 from ₹3.44 crores in 2023. Based on the company’s strong financial performance, investors are advised to consider this IPO for long-term investment.
Samay Project Services Limited was started in November 2001. The company provides Engineering, Procurement, and Construction (EPC) services, mainly focusing on designing, engineering, and setting up balance of plant (BOP) systems for many industries. They work on projects like piping systems, storage tanks, fire protection and detection systems.
Their services include designing and installing fire safety systems, making and fitting low-pressure pipes, building tanks and tank farms, and laying pipelines for water and hydrocarbons inside India and abroad. They also work on automation by combining mechanical and electrical systems and handle complete BioCNG plant projects from start to finish.
The company is ISO 9001:2015 certified for quality management in engineering, supply, fabrication, and commissioning of their services. As of October 31, 2024, they have 54 employees and 179 contract workers helping with various projects. Their strengths include a strong technical and design team, good presence in different EPC areas, long-term client relationships, and a commitment to customer satisfaction with quality work done honestly and passionately.
Overview of Contents
Samay Project Services IPO Overview
| IPO Detail | Information |
|---|---|
| Listing Date | NSE SME (Date to be announced) |
| Face Value | ₹10 per share |
| Price Band | ₹32 to ₹34 per share |
| Lot Size | 4,000 shares |
| Total Issue Size | 43,20,000 shares (₹14.69 Crores) |
| Fresh Issue | 43,20,000 shares (₹14.69 Crores) |
| Issue Type | Bookbuilding IPO |
| Shareholding Pre-Issue | 1,10,29,320 shares |
| Shareholding Post-Issue | 1,53,49,320 shares |
| Market Maker Portion | 2,28,000 shares |
| Retail Quota | Up to 35% |
| Qualified Institutional Buyers (QIB) Quota | Up to 50% |
| Non-Institutional Investors (NII) Quota | Up to 15% |
Samay Project Services IPO Prospectus
| DRHP | Click here |
|---|---|
| RHP | Click here |
Samay Project Services IPO Dates
| Event | Date & Day |
|---|---|
| IPO Open Date | June 16, 2025 (Monday) |
| IPO Close Date | June 18, 2025 (Wednesday) |
| Basis of Allotment | June 19, 2025 (Thursday) |
| Refunds | June 20, 2025 (Friday) |
| Credit to Demat Account | June 20, 2025 (Friday) |
| IPO Listing Date | June 23, 2025 (Monday) |
Samay Project Services IPO Lot Size
Investors in Samay Project Services IPO can apply for a minimum of 4,000 shares, with bids accepted in multiples of this lot size. Below is the table showing the minimum and maximum investment details for Retail and HNI investors in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,36,000 |
| Retail (Max) | 1 | 4,000 | ₹1,36,000 |
| HNI (Min) | 2 | 8,000 | ₹2,72,000 |
Objects of the Issue
- Funding working capital requirements of the company
- General corporate purposes.
Samay Project Services IPO Review
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Samay Project Services IPO Promotors Holding
The promoters of Samay Project Services are Mr. Anand R and Ms. Santhi Karthikeyan. Their shareholding before and after the IPO is shown below.
| Shareholding | Percentage |
| Pre-Issue Holding | 96.29% |
| Post-Issue Holding | To be updated |
Samay Project Services IPO Finanacial Performance
Samay Project Services Limited has shown steady financial growth over the recent years. The company’s assets, revenue, profit after tax, and net worth have generally increased, reflecting a positive business performance.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Crore) | 27.62 | 24.83 | 21.28 | 14.93 |
| Revenue (₹ Crore) | 18.51 | 40.95 | 20.82 | 19.48 |
| Profit After Tax (₹ Crore) | 2.02 | 4.62 | 3.44 | 1.90 |
| Net Worth (₹ Crore) | 18.06 | 16.03 | 11.42 | 7.98 |
| Reserves & Surplus (₹ Crore) | 7.03 | 5.00 | 11.11 | 7.67 |
| Total Borrowing (₹ Crore) | -0.11 | -0.64 | 1.18 | -0.23 |
Samay Project Services IPO Valuation Highlights
Here are the important valuation metrics of Samay Project Services based on the latest financial data. These figures help investors understand the company’s profitability, efficiency, and overall financial health before applying to the IPO.
| KPI | Values |
|---|---|
| Return on Equity (ROE) | 33.63% |
| Return on Capital Employed (ROCE) | 34.00% |
| EBITDA Margin | 16.22% |
| Profit After Tax (PAT) Margin | 11.33% |
| Debt to Equity Ratio | 0.15 |
| Earnings Per Share (EPS) | ₹4.18 (Basic) |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 28.79% |
| Net Asset Value (NAV) | ₹14.54 |
Samay Project Services IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/IPO_Status.html
IPO Lead Managers aka Merchant Bankers
- Smart Horizon Capital Advisors Private Limited
Company Address
Samay Project Services Limited
Plot No.1218,
17th Street, West End Colony
Mogappair, Thiruvallur,
Chennai, Tamil Nadu
Phone: +91 9344139102
Email: [email protected]
Website: http://www.samayprojects.com/
Samay Project Services IPO FAQs
When does the Samay Project Services IPO open and close?
The IPO opens on June 16, 2025, and closes on June 18, 2025.
What is the price band and lot size for the Samay Project Services IPO?
The price band is ₹32 to ₹34 per share, and the minimum lot size is 4,000 shares.
What is the total issue size of the Samay Project Services IPO?
The IPO is a fresh issue of approximately ₹14.69 crores through 43.20 lakh shares.
Where will Samay Project Services IPO be listed?
The IPO will be listed on the NSE SME platform, with a tentative listing date of June 23, 2025.
Who are the promoters of Samay Project Services Limited?
The promoters of the company are Mr. Anand R and Ms. Santhi Karthikeyan.