IPO Details

Bidding Dates

16 Jun '25 - 18 Jun '25

Minimum Investment

₹1,36,000 / 1 Lot (4000 Shares)

Price Range

₹32 – ₹34

Maximum Investment

₹1,36,000 / 1 Lot (4000 Shares)

Retail Discount

To be announced

Issue Size

To be announced

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |  

Samay Project Services IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jun 16, 25

IPO Closing Date

Jun 18, 25

Basis of Allotment

Jun 19, 25

Initiation of Refunds

Jun 20, 25

IPO Listing Date

Jun 23, 25

Samay Project Services IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Jun 15, 2025

 0.00 0.03 0.40 0.21

About Samay Project Services IPO

Samay Project Services IPO is a book-built issue worth ₹14.69 crore. The IPO consists entirely of a fresh issue of 43.20 lakh equity shares. The IPO opens for subscription on June 16, 2025, and closes on June 18, 2025. The allotment is expected to be finalised on June 19, 2025, with tentative listing on NSE SME scheduled for June 23, 2025.

The IPO is priced in a band of ₹32 – ₹34 per share. Retail investors must apply for a minimum of 1 lot comprising 4000 shares, requiring an investment of ₹1,36,000 at the cutoff price. HNI investors must apply for a minimum of 2 lots (8000 shares), amounting to ₹2,72,000.

Smart Horizon Capital Advisors Private Limited is the book-running lead manager to the issue, and Bigshare Services Private Limited is the registrar.

For detailed information on company financials, business operations, and associated risks, investors are advised to refer to the Samay Project Services IPO RHP.

Industry Outlook

  1. India’s infrastructure sector is a cornerstone of economic development, encompassing a wide array of industries such as power, steel, mining, and heavy engineering. The sector is witnessing robust growth, driven by government-led initiatives and increased private sector participation.
  2. Schemes like the National Infrastructure Pipeline (NIP), PM GatiShakti, and Production Linked Incentive (PLI) are fostering investment in core infrastructure, enhancing logistics efficiency, and encouraging domestic manufacturing. These initiatives are expected to generate significant demand for EPC (Engineering, Procurement and Construction) services across industrial and public sector projects.
  3. The EPC segment, in particular, is benefiting from the expansion of renewable energy, modernisation of power plants, and the development of industrial corridors. Samay Project Services Limited, with its expertise in balance of plant (BoP) systems, piping, structural fabrication, and fire safety systems, is well-positioned to capitalise on these opportunities.
  4. However, the industry faces challenges such as project execution delays, regulatory bottlenecks, and input cost volatility. Additionally, the sector’s reliance on government contracts exposes it to policy shifts and budgetary constraints.

Samay Project Services IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

  1. Strengthen working capital reserves to support the company’s expanding EPC operations, ensuring timely procurement, efficient project execution, and improved liquidity.
  2. Enhance operational flexibility by addressing general corporate requirements, including administrative overheads, brand positioning, and strategic business initiatives.
  3. Improve corporate visibility and brand credibility through public listing, thereby facilitating future capital raising and strategic partnerships.
  4. Establish a public market for the company’s equity shares, enabling broader investor participation and supporting long-term growth ambitions.

About Samay Project Services Limited

Samay Project Services Limited was originally incorporated as Samay Project Services Private Limited on 8 November 2001 under the Companies Act, 1956. It was subsequently converted into a public limited company and renamed Samay Project Services Limited on 7 August 2024.

The company is engaged in providing Engineering, Procurement and Construction (EPC) services, specialising in the design, engineering, supply, fabrication, erection, and commissioning of balance of plant (BoP) systems. Its core offerings include piping systems, tanks and vessels, fabricated structures, and fire protection and detection systems.

Samay Project Services caters to a diverse range of industries including power, iron and steel, mining, bioenergy, and pharmaceuticals. Its operations are primarily based in India, with a strong presence in states such as Telangana, Maharashtra, Tamil Nadu, and Chhattisgarh, and it has also executed projects in international markets like Mauritius and the UAE.

With a focus on technical expertise, timely execution, and quality assurance, the company aims to strengthen its position in the EPC sector and capitalise on the growing infrastructure and industrial development across domestic and global markets.

How To Check the Allotment Status of the Samay Project Services IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Samay Project Services IPO Online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Samay Project Services IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Samay Project Services IPO

Registered office: Plot No. 1218, 17th Street, West End Colony, Mogappair, Thiruvallur, Chennai – 600050, Tamil Nadu, India.

Phone: +91 93441 39102

E-mail: investor@samayprojects.in

Samay Project Services IPO Reservation

Investor Category

Shares Offered

Market Maker Shares Offered

2,28,000 (7.31%)

QIB Shares Offered

20,00,000 (64.10%)

Anchor Investor Shares Offered

8,00,000 (25.64%)

QIB (Ex. Anchor)

8,00,000 (25.64%)

NII (HNI) Shares Offered

6,36,000 (20.38%)

Retail Shares Offered

14,56,000 (46.67%)

Total Shares Offered

31,20,000 (100.00%)

Samay Project Services IPO Lot Size

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

Samay Project Services IPO Promoter Holding

The promoters of the company are Mr. Anand R and Ms. Santhi Karthikeyan.

Share Holding Pre-Issue

96.29%

Share Holding Post Issue&nbsp

69.19%

Key Performance Indicators for Samay Project Services IPO

Here are the KPIs of Samay Project Services:

KPI

Value

EBITDA Margin (%)

15.50

PAT Margin (%)

11.29

Return on Equity (%)

23.13

Return on Capital Employed (%)

24.56

Samay Project Services IPO Prospectus

Samay Project Services IPO Registrar and Lead Managers

Samay Project Services IPO Lead Managers

  • Smart Horizon Capital Advisors Private Limited

Registrar for Samay Project Services IPO

Bigshare Services Private Limited

Samay Project Services IPO Registrar

Financial Performance of Samay Project Services Limited

Particulars Year ending on March 31, 2025 Year ending on March 31, 2024 Year ending on March 31, 2023
EBITDA Margin (%) 15.50 16.22 17.72
PAT Margin (%) 11.29 11.33 16.88
Return on Equity (%) 23.13 33.63 35.44
Return on Capital Employed (%) 24.56 34.00 22.94
Debt-Equity Ratio (times) 0.1 0.15 0.26
Current Ratio (times) 2.63 2.64 1.98

Know before investing

Strengths

8

  1. Proven track record in executing complex Engineering, Procurement and Construction (EPC) projects across multiple industries.

  2. Strong foothold in power, iron & steel, mining, bioenergy, and infrastructure sectors.

  3. Healthy order book of ₹5,732.87 lakhs as of March 31, 2025, indicating strong revenue visibility.

  4. Led by seasoned promoters with deep industry knowledge and operational experience.

  5. Project execution across key Indian states and select international markets like Mauritius and UAE.

  6. Integrated services including design, fabrication, erection, and commissioning of BoP systems.

  7. Significant share of revenue from public sector undertakings, ensuring stability and scale.

  8. Proceeds to be used for working capital and corporate purposes, enabling operational expansion and improved liquidity.

Risks

8

  1. Significant revenue dependence on a few key customers increases business vulnerability.

  2. Absence of long-term agreements with clients or suppliers may impact revenue stability.

  3. Delays, cost overruns, or cancellations in EPC projects could affect profitability.

  4. Heavy reliance on government contracts exposes the company to policy and budgetary shifts.

  5. High working capital requirements may strain liquidity and increase borrowing costs.

  6. Operations concentrated in select Indian states and limited overseas exposure pose regional risk.

  7. International transactions expose the company to currency fluctuation risks.

  8. Ongoing legal proceedings and past regulatory delays may affect reputation and operations.

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Samay Project Services Limited Peer Details Comparison

Name of Company Face Value (₹) Basic & Diluted EPS (₹) RoNW (%) NAV per Share (₹) Name of Company Face Value (₹) Basic & Diluted EPS (₹) RoNW (%) NAV per Share (₹) Name of Company Face Value (₹) Basic & Diluted EPS (₹) RoNW (%) NAV per Share (₹) Name of Company Face Value (₹) Basic & Diluted EPS (₹) RoNW (%) NAV per Share (₹) Name of Company Face Value (₹) Basic & Diluted EPS (₹) RoNW (%) NAV per Share (₹)
Samay Project Services Ltd 10 3.8 20.73 18.34
Pratham EPC Projects Ltd 10 7.62 18.2 41.87

Samay Project Services IPO FAQs

What is the Samay Project Services IPO?

Samay Project Services IPO is a book-built issue IPO. It will be open from June 16, 2025, to June 18, 2025. 

When will the Samay Project Services IPO be allotted?

The Basis of Allotment will happen on Thursday, June 19, 2025.  

When will the Samay Project Services IPO open for subscription?

The IPO subscription window will open on June 16, 2025. 

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 4000 shares. 

When will Samay Project Services Limited list on exchanges?

The listing date for Samay Project Services Limited is Monday, June 23, 2025. 

What is the issue size of the Samay Project Services IPO?

The issue size of the Samay Project Services IPO is up to ₹14.69 crores, consisting of a fresh issue of 43.20 lakh shares. 

What are the open and close dates of the Samay Project Services IPO?

The open and close dates for Samay Project Services IPO are from June 16, 2025, to June 18, 2025. 

Who is the registrar of Samay Project Services IPO?

Bigshare Services Private Limited is the registrar responsible for managing the IPO allotment process and handling investor queries. 

Where is the Samay Project Services IPO getting listed?

Samay Project Services Limited IPO is proposed to be listed on the SME platform of the National Stock Exchange (NSE). 

What would be the listing gains on the Samay Project Services IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.  

How to increase your chances of getting a Samay Project Services IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for the Samay Project Services IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate. 

Can I submit more than one application for the public issue of Samay Project Services Limited using one PAN?

You can submit only one application using your PAN card. 

How to read Samay Project Services Limited's financial statements?

To read Samay Project Services ‘s financial statements, download the IPO’s RHP document. 

What is 'pre-apply' for Samay Project Services Limited IPO?

Pre-apply allows investors to apply for the Samay Project Services IPO two days before the subscription period opens, ensuring an early submission of your application. 

If I pre-apply for the Samay Project Services Limited IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours. 

When will I know if my Samay Project Services Limited IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.