Samay Project Services IPO Details
The key details of Samay Project Services’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹14.69 Cr |
| Price Range | ₹32 - ₹34 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 4000 |
| Investment (cut-off price) | ₹1,36,000 |
| Pre IPO Promotor Holding | 96.29% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Samay Project Services IPO Timelines
The IPO process for Samay Project Services includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
16/06/2025
Start Date18/06/2025
End Date20/06/2025
Refund Initiation20/06/2025
Credit of Shares to Demat Ac23/06/2025
Listing DateSamay Project Services IPO Lot Size
The Samay Project Services IPO has a fixed lot size of 4,000 shares, at an upper price band of ₹34 per share, requiring ₹136,000 per lot for retail investors. For HNI investors, the minimum application is 8,000 shares (2 lots) amounting to ₹272,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 4000 | ₹1,36,000 |
| Retail Maximum | 1 | 4000 | ₹1,36,000 |
| HNI Minimum | 2 | 8000 | ₹2,72,000 |
Samay Project Services IPO Subscription Status
The subscription status for Samay Project Services IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 22.64x | 69.19x | 15.09x | -- | 29.08x |
IPO Performance on Listing Day
On the listing day (June 23, 2025), Samay Project Services made a positive debut on the stock exchange. The stock opened at ₹36.05, delivering a decent premium of 6% over its issue price of ₹34. During the trading session, the stock reached a high of ₹37.50 before settling back, while maintaining support above ₹35.90. The shares concluded their first trading day at ₹36.00, securing a steady gain of 5.9% over the issue price, indicating balanced investor sentiment towards this project services provider.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹36.05 | ₹36.00 | ₹37.50 | ₹35.90 |
Samay Project Services IPO Company Financials
Samay Project Services IPO reports robust performance in FY2025 with Total Income of ₹37.72 crores, managing expenses at ₹31.98 crores, and achieving a strong PAT (Profit After Tax) of ₹4.19 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹19.48 | ₹16.29 | ₹1.9 |
| FY 2023 | ₹20.82 | ₹17.36 | ₹3.44 |
| FY 2024 | ₹40.95 | ₹34.73 | ₹4.62 |
| FY 2025 | ₹37.72 | ₹31.98 | ₹4.19 |
About Company
Samay Project Services Limited, incorporated in November 2001, is a specialized Engineering, Procurement, and Construction (EPC) company offering end-to-end solutions for the design, supply, fabrication, erection, and commissioning of Balance of Plant (BOP) systems. The company undertakes a wide range of EPC projects including piping systems, storage tanks and fabricated structures, and fire protection and detection systems. It serves a diverse set of industries such as power, sugar and distilleries, iron and steel, and infrastructure. Key service offerings include SITC of fire safety systems, construction of cross-country pipelines, tank farms, BioCNG plants, and system automation. Samay Project Services is ISO 9001:2015 certified for its quality management systems.
With a robust track record, Samay Project Services has completed EPC projects valued at over INR 40.75 crore across India and internationally as of March 31, 2024. Its operations span 12 Indian states, reflecting a broad domestic footprint and consistent delivery standards. As of October 31, 2024, the company employed 54 permanent staff and 179 contract laborers across various skill levels. The firm is known for its on-time execution and commitment to quality, positioning itself as a reliable EPC partner in industrial infrastructure development.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2001 | Engineering | Anand Rajagopal |
Know Before Investing
Samay Project Services IPO Strengths
- Samay Project Services has a highly skilled engineering and technical design team, with proven capabilities in executing complex EPC (Engineering, Procurement, and Construction) projects across multiple industrial segments.
- Samay Project Services has demonstrated consistent revenue growth and profitability, with a PAT margin of 11.33% and robust return ratios (ROE: 33.63%, ROCE: 34.00%) as of recent financial years.
- Samay Project Services is ISO 9001:2015 certified for quality management in engineering, supply, fabrication, erection, testing, and commissioning, underscoring its commitment to high standards.
- The company is involved in a wide range of EPC projects, including piping systems, storage tanks, fire protection and detection systems, cross-country pipelines, and BioCNG plants, providing revenue diversification and reducing sector-specific risks.
- With over two decades in the industry, Samay Project Services has built long-term relationships with major clients, including public sector enterprises like IOCL and HPCL, ensuring recurring business and stable demand.
- The company has successfully executed over 120 projects, including more than 80 in piping and appurtenances and over 60 in fire protection, with a significant presence in captive, co-gen, and thermal power plants.
- Samay Project Services is well-positioned in segments such as BioCNG, fire protection, and automation, which are expected to see increased demand due to industrial expansion and regulatory requirements.
Samay Project Services IPO Risks
- A significant portion of revenue comes from a few large clients, such as IOCL and HPCL, and from the engineering and construction sector. Any loss of key clients or a downturn in the sector could impact financial performance.
- The company operates in the EPC sector, where project execution delays, cost overruns, or unsuccessful bids can affect profitability and cash flow.
- The EPC industry is highly competitive and fragmented, with pressure from both established players and new entrants, which could squeeze margins and market share.
- Changes in government regulations, environmental standards, or industry-specific rules could increase compliance costs or disrupt operations.
- The company’s success depends on retaining skilled engineers and project managers. Any loss of key personnel could disrupt project execution and business continuity.
- EPC projects often involve significant working capital requirements. Delays in payments from clients or project delays could strain cash flow and liquidity.
- While the company has demonstrated recent growth, its current scale and profitability are relatively new, raising questions about the sustainability of this performance in the long term.
Swot Analysis for Samay Project Services IPO
Strengths
Proven EPC Expertise, Strong Technical Capabilities, Diverse Project Portfolio
Weaknesses
Limited Workforce Scalability, Regional Concentration, High Dependence on Ongoing Projects
Opportunities
Infrastructure Sector Growth, International Expansion, Technological Adoption
Threats
Intense Competition, Project Execution Risks, Raw Material and Labor Cost Volatility
Company Details
Samay Project Services Limited
Plot No.1218, 17th Street, West End Colony, Mogappair, Thiruvallur, Chennai, Tamil Nadu, India, 600050
Phone: +91 9344139102
Email: investor@samayprojects.in
Website: http://www.samayprojects.com/
IPO Registar Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
FAQs
The key objectives of Samay Project Services IPO are:
- Funding working capital requirements of the company
- General Corporate Purposes
Smart Horizon Capital Advisors Private Limited is the book-running lead managers for the Samay Project Services IPO.
Samay Project Services IPO holds moderate to strong growth potential due to its strategic positioning in the EPC sector, which is integral to India’s infrastructure and industrial development. With rising government and private investments fueling demand for specialized EPC services, the company is well-placed to benefit. Its focus on balance of plant systems across multiple industries enhances its scalability and long-term growth prospects.
The issue price for the Samay Project Services IPO is set between ₹32 to ₹34 per share.
To invest in one lot of Samay Project Services IPO, you need ₹1,28,000 at the lower price band (₹32 per share) or ₹1,36,000 at the upper price band (₹34 per share) for a lot size of 4000 shares.
Samay Project Services IPO shares are scheduled to be listed on the National Stock Exchange (NSE) on June 23, 2025.
Refund/unblocking of funds for Samay Project Services IPO will begin on June 20, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Samay Project Services IPO shares on listing day (June 23, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.