Samay Project Services Ltd. was incorporated on November 08, 2001. The company provides engineering, procurement and construction (EPC) services, specialising in BOP systems like piping, tanks and vessels, structural fabrication, and fire protection systems across various industries
| Bidding Dates |
|---|
| 16 Jun 2025 - 18 Jun 2025 |
| Subscription |
|---|
| 27.03x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,28,000 | 1 | 1 | 4000 | 4.3 M | ₹32 - ₹34 | 69.19 % | ₹138.2 M - ₹146.9 M | RHP DOC |
Samay Project Services IPO SUBSCRIPTION STATUS
18 Jun '25Samay Project Services IPO overall subscription rate was 27.03 times the total available shares
Samay Project Services IPO retail subscription rate was 20.13 times in the retail segment
Samay Project Services IPO non-institutional investor subscription rate was 94.51 times in the non-institutional investor category
Samay Project Services IPO Qualified Institutional Bidder subscription rate was 11.61 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
18 Jun 2025 (Day 3) | 20.13x | 94.51x | 11.61x |
17 Jun 2025 (Day 2) | 2.32x | 3.91x | 0.98x |
16 Jun 2025 (Day 1) | 0.81x | 3.64x | 0.98x |
Samay Project Services FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 4.2 | 37.1 | 1.6 | 1.5 | 15.5% |
| FY24 | 4.6 | 40.7 | 1.9 | 1.8 | 16.2% |
| FY23 | 3.4 | 20.4 | -1.6 | -1.9 | 17.7% |
Samay Project Services IPO SUBSCRIPTION STATUS DETAILS
Samay Project Services had 4.3 M shares on offer
Samay Project Services IPO offer price was in the range ₹32 - ₹34
Samay Project Services IPO minimum Investment was ₹128000
Samay Project Services IPO issue size was ₹ 138.2 M - ₹ 146.9 M
Samay Project Services had a minimum lot size of 4000 Shares per application
Samay Project Services NUMBER OF SHARES ON OFFER
Samay Project Services IPO IMPORTANT DATES
| Issue Open Date | 16 Jun 2025 |
| Issue close Date | 18 Jun 2025 |
| Allotment Date | 19 Jun 2025 |
| Refund Date | 20 Jun 2025 |
| Demat Account Credit Date | 20 Jun 2025 |
| Listing Date | 23 Jun 2025 |
| Listing on Exchange(s) | NSE |
| Samay Project Services Allotment Status | Exchange/ Registrar |
Samay Project Services IPO subscription opened on 16 Jun 2025, and closed on 18 Jun 2025
IPO allotment for Samay Project Services was finalized on Thursday, 19 Jun 2025
IPO listing for Samay Project Services was on NSE on Monday, 23 Jun 2025
Samay Project Services IPO LISTING GAINS
| Issue Price (adjusted) | 34.0 |
| Listing Open Price | 36.0 |
| Listing Close Price | 36.0 |
| Listing Gain% | 6.0% |
| Current Gain% | 16.2% |
Samay Project Services Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Samay Project Services Ltd. | 39.5 | 60.6 | 14.5 | -1.6 | 1.6 | 20.7 | 13.2 | 37.7 | -7.9 | 4.2 | -9.1 | 2.7 | -9.1 |
| Larsen & Toubro Ltd. | 4044.1 | 568969.4 | 34.3 | 7.5 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 105 | 110900.9 | 631.9 | 4.4 | 7.5 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 230 | 47947.1 | 54.8 | -1.7 | 2.3 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.2 | -31.7 |
| NBCC (India) Ltd. | 94 | 25366.5 | 35.2 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.7 | 33.1 |
| Kalpataru Projects International Ltd. | 1326.6 | 22654.7 | 21.8 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 60.9 | 77.5 |
Samay Project Services INFORMATION ON IPO ISSUE
About Samay Project Services
Samay Project Services Ltd. was incorporated on November 08, 2001. The company provides engineering, procurement and construction (EPC) services, specialising in BOP systems like piping, tanks and vessels, structural fabrication, and fire protection systems across various industries
Object of the Issue
- Funding working capital requirements of the company
- General corporate purposes
Samay Project Services - PROMOTERS
| Name |
|---|
| Anand R |
| Santhi Karthikeyan |
Samay Project Services Book Running Lead Manager
Smart Horizon Capital Advisors Private Limited
director@shcapl.com
Samay Project Services Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Samay Project Services Strengths
Strong engineering, technical & design team
The company uses Auto Plant CAD software for designing layouts and detailed engineering drawings, and Canute software for hydraulic calculations in fire protection systems
Quality assurance
The company prioritizes safety and quality, holding ISO 9001:2015 certification for EPC of piping systems, tanks, vessels, and fire protection systems. It is committed to customer satisfaction through quality engineering, execution, and service
Client relationship
The company has built strong, long-term relationships with key customers, leading to repeat business and high customer retention. These relationships provide a competitive edge in acquiring new clients and expanding operations
Samay Project Services Risks
Competition
The company secures government projects through prequalification and competitive bidding. Lack of new project awards or early termination of existing contracts could impact its business and financial health
Dependent on suppliers for raw materials
The company does not typically have long-term contracts with raw material suppliers. Any supply disruptions or price increases may impact project execution and earnings, as cost hikes may not be fully passed on to customers
Operational risks
The company’s project execution faces risks like construction delays, raw material disruptions, cost overruns, regulatory issues, and force majeure events, which could affect timelines and profitability
IPO FAQs
The promoters of the company are Anand R and Santhi Karthikeyan.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 32.0 - 34.0.
The IPO application opens on Jun 16, 2025 and closes on Jun 18, 2025.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 128,000.0, the maximum value for this IPO is Rs 136,000.0.
This IPO will be allotted on Jun 19, 2025.
The refund will be credited to your account on Jun 20, 2025.
The allotted shares will be credited to your demat on Jun 20, 2025.
Samay Project Services Ltd.’s shares listed on the stock exchanges on Jun 23, 2025.