Samay Project Services Limited is an established provider of engineering, procurement, and construction (EPC) services, specializing in balance of plant (BOP) systems, piping, tanks, vessels, fabricated structures, and fire protection systems for industrial and power plant projects. The company is recognized for its strong engineering capabilities, quality assurance, and a skilled technical team. The Samay Project Services IPO opens for subscription from June 16 to June 18, 2025, with a total issue size of ₹14.69 crore.
₹00
₹34
₹36.05
Expert Opinions
Market sentiment for the Samay Project Services IPO is cautiously optimistic, driven by the company’s robust growth trajectory and its positioning in India’s expanding EPC sector, particularly in power plant and industrial projects. The company’s strengths include a strong engineering and technical team, diversified project capabilities, and established client relationships, which have helped it double revenue from ₹20.82 crore in FY2023 to ₹40.95 crore in FY2024.
However, risks such as high customer concentration—over 60% of revenues from top clients—and outstanding litigations could impact business stability and growth. Valuation analysis for Samay Project Services IPO in FY2025 shows a Return on Equity (ROE) of 23.13%, Return on Capital Employed (ROCE) of 24.56%, and a Net Asset Value (NAV) of ₹18.34, reflecting efficient capital usage and healthy profitability. While the long-term investment perspective is positive, given India’s infrastructure push and the company’s niche focus, investors should remain cautious about execution risks, regulatory challenges, and the need for consistent cash flow management.
Investor Considerations
Investors considering the Samay Project Services IPO should note the company’s strong performance and fundamentals, with revenue doubling from ₹20.82 crore in FY2023 to ₹37.72 crore in FY2025 and net profit rising from ₹3.44 crore to ₹4.19 crore, reflecting robust growth and operational efficiency. The sector outlook is positive, supported by India’s ongoing infrastructure development and increasing demand for EPC services in power and industrial projects.
The Samay Project Services IPO valuation for FY2025 stands at a Price to Book Value of 2.34, PAT margin of 11.29%, and a low debt/equity ratio of 0.10, indicating healthy profitability and prudent leverage. Growth prospects are promising, given the company’s focus on larger EPC projects and expansion into new segments. However, risks include high customer concentration (over 60% from top clients), potential project execution delays, and outstanding litigations. Short-term investors may face market volatility, while long-term investors could benefit from India’s infrastructure growth, provided Samay Project Services maintains execution quality and diversifies its client base.
| Date | GMP | Trend |
|---|---|---|
| 21 Jun 2025 10.51 | ₹00 | --- |
| 20 Jun 2025 10.38 | ₹00 | --- |
| 19 Jun 2025 11.48 | ₹00 | --- |
| 18 Jun 2025 10.37 | ₹00 | --- |
| 17 Jun 2025 11.09 | ₹00 | --- |
| 16 Jun 2025 11.19 | ₹00 | --- |
| 15 Jun 2025 11.59 | ₹00 | --- |
| 14 Jun 2025 10.51 | ₹00 | --- |
| 13 Jun 2025 10.48 | ₹00 | --- |
| 12 Jun 2025 10.42 | ₹00 | --- |
| 11 Jun 2025 10.30 | ₹00 | --- |
| 10 Jun 2025 11.24 | ₹00 | --- |
FAQs
The Grey Market Premium showed limited accuracy in predicting Samay Project Services IPO’s listing performance. While the GMP of ₹0 suggested a flat listing at the issue price, the stock delivered a positive gain of 6.03%. With a prediction error of 6.03%, the GMP failed to anticipate the positive market sentiment, though the magnitude of error was relatively modest in this case.
Samay Project Services IPO Current GMP is ₹00.
Samay Project Services IPO Expected Returns is 0.00%.
Samay Project Services IPO estimated listing price is ₹34.