Samay Project Services IPO Sees 1.89x Subscription on Day 2; Retail and NII Demand Remains Strong
By Shishta Dutta | Published at: Jun 17, 2025 05:58 PM IST
June 17, 2025: The ₹34-crore SME initial public offering (IPO) of Samay Project Services Limited continued to witness solid investor traction on Day 2, with the issue receiving 1.89 times subscription by 5:00 PM on June 17, as per data from the National Stock Exchange (NSE).
By the end of the second trading session, the company had received bids for 58.96 lakh shares, compared to the net offer size of 31.20 lakh shares, excluding the anchor and market maker portions. The strong response was led by both retail investors and high-net-worth individuals (HNIs).
Retail Investors Take the Lead in Bidding Activity
The Retail Individual Investors (RII) segment showed the highest participation, with 633 applications submitted for a total of 25.32 lakh shares. Notably, 16.20 lakh shares were bid at the cut-off price, reflecting strong confidence among small investors.
HNIs and Corporates Drive Non-Institutional Category
In the Non-Institutional Investor (NII) segment, a total of 18.32 lakh shares were bid across 20 applications. Of these, 18 applications came from individuals, while the remaining two corporate entities accounted for 2.36 lakh shares, highlighting dominant interest from wealthy individuals in this tranche.
Early Institutional Interest from QIB Segment
The Qualified Institutional Buyer (QIB) category saw one bid from a foreign institutional investor (FII) for 15.32 lakh shares, suggesting a positive institutional outlook ahead of the final day of bidding.
Price Band Preference Tilts Toward Upper Cap
Price-wise, bidding activity suggested firm interest at the higher end of the band.
As of Day 2:
- At ₹32, the total demand was 58.96 lakh shares
- At ₹34 (cap price), bids totalled 58.28 lakh shares
- 16.20 lakh shares were placed at the cut-off price, showing strong pricing conviction
Samay Project Services IPO Details Snapshot
| Info | |
|---|---|
| Issue Period | June 16 to June 18, 2025 |
| Price Band | ₹32 – ₹34 |
| Issue Size | 43.20 lakh shares |
| Net Public Issue | 31.20 lakh shares |
| Anchor Allocation | 12.00 lakh shares |
| Market Maker | 2.28 lakh shares |
| Lot Size | 4,000 shares |
| Listing Platform | NSE Emerge |
Key Investor Notes Ahead of Final Bidding Day
- The IPO is a 100% book-built issue, requiring a minimum investment of ₹1.36 lakh at the upper price band.
- The final date for bidding is June 18, and UPI mandate confirmation must be completed by 5:00 PM for the application to be considered valid.
- Shares are proposed to be listed on NSE Emerge, with allotment likely by June 21 and expected listing around June 24, 2025.
Market Eyes Final Numbers as IPO Closes June 18
With the IPO receiving a strong response across all investor segments, especially from retail and non-institutional categories, attention now turns to the final subscription figures on Wednesday, as Samay Project Services prepares to wrap up its public issue.
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