Samay Project Services IPO opens for subscription from June 16, 2025, to June 18, 2025. The company has decided on a price band of ₹32 to ₹34 per share with a lot size of 4,000 shares. This SME IPO will be listed on NSE Emerge. Through the IPO, the company aims to raise ₹14.69 crores through a complete fresh issue of 43.20 lakh shares.
Founded in 2001, Samay Project Services Limited is an EPC (Engineering, Procurement, and Construction) company specializing in fire protection systems, storage tanks, piping, cross-country pipelines, and turnkey BioCNG plant projects.
In this article, we will check other important details of the IPO from an investor’s perspective.
Samay Project Services IPO Details
| IPO Name | Samay Project Services IPO |
| IPO Open and Close Date | June 16, 2025 to June 18, 2025 |
| Issue Price Band | ₹32 to ₹34 per share |
| Lot Size | 4,000 Shares per lot |
| Listing At | NSE SME |
| Issue Size | ₹14.69 crores |
| Issue Type | Fresh Issue |
| Allotment Date | June 19, 2025 |
| Listing Date | June 23, 2025 |
| Retail Investors Minimum Lot & Amount | 1 Lot & ₹1,36,000 |
| Retail Investors Maximum Lot & Amount | 1 Lot & ₹1,36,000 |
| HNIs Minimum Lot & Amount | 2 Lots & ₹2,72,000 |
Samay Project Services IPO FAQs
1. What are the IPO dates for Samay Project Services?
The IPO will open on June 16, 2025, and close on June 18, 2025. Allotment is expected on June 19, and listing is on June 23.
2. What is the price band and lot size for retail & HNI investors?
The price band is ₹32 to ₹34 per share, and the lot size is 4,000 shares. Retail investors can apply for only 1 lot, amounting to ₹1,36,000. HNIs can apply for a minimum 2 lots of ₹2,72,000.
3. Is it a fresh issue or an offer for sale?
It is a 100% fresh issue worth ₹14.69 crores.
4. Where will the IPO be listed?
The IPO will be listed on the NSE SME platform (NSE Emerge).
5. What is the company’s core business?
Samay Project Services offers EPC (Engineering, Procurement, and Construction) solutions, particularly in piping, tanks, firefighting systems, and BioCNG plants, serving industries such as power, sugar, infrastructure, and others.
6. How has the company performed financially?
| Financial Year | Revenue (₹ in Cr) | PAT (₹ in Cr) |
|---|---|---|
| FY 2023 | 20.36 | 3.44 |
| FY 2024 | 40.74 | 4.62 |
| FY 2025 | 37.14 | 4.19 |
7. What are the risks involved?
Key risks include:
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Dependence on a few large clients.
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Project-based business can be lumpy in revenues.
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Working capital intensive model.
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Outstanding tax-related claims.
8. What are the company’s advantages or competitive strengths?
- Strong engineering team using advanced design software.
- Diverse EPC capabilities across multiple industries.
- Repeat client business with long-standing relationships.
- ISO 9001:2015 certified with a robust project execution record
9. Who are the lead manager, and registrar?
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Lead Manager: Smart Horizon Capital Advisors Pvt Ltd
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Registrar: Bigshare Services Pvt Ltd
10. How does Samay compare with peers?
Comparison between Samay and Pratham EPC Projects Ltd:
| Metric | Samay (FY25) | Pratham (FY25) |
|---|---|---|
| Revenue (₹ Cr) | 37.14 | 117.77 |
| PAT (₹ Cr) | 4.19 | 13.53 |
| EBITDA Margin | 15.50% | 14.72% |
| Return on Equity (ROE) | 23.13% | 18.20% |
| Debt-to-Equity Ratio | 0.10 | 0.16 |
Samay performs well on profitability and efficiency, but is smaller in scale compared to Pratham.
11. What will the IPO proceeds be used for?
| Purpose | Amount (₹ Cr) |
|---|---|
| Working capital | 12.00 |
| General corporate purposes | Balance |
12. Who are the promoters of Samay Project Services Ltd?
Mr. Anand R. and Ms. Santhi Karthikeyan are the promoters of the company.
13. What is the GMP of Samay Project Services Ltd IPO?
The latest GMP of Samay Project Services Ltd IPO is ₹0.
Samay Project Services IPO – Conclusion
Samay Project Services IPO allows investors to invest in a company with a strong operational track record and consistent profits. The company operates in the niche ECP segment and specializes in areas like BioCNG plants and fire systems. This segment is gaining traction due to rising safety and sustainability norms. However, before investing, investors should weigh the risks and see if the investment aligns with their financial goals.