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Samay Project Services IPO

₹1,28,000/4000 shares

Minimum Investment

IPO Details

Open Date

16 Jun 25

Close Date

18 Jun 25

Minimum Investment

1,28,000

Lot Size

4000

Price Range

32 to ₹34

Listing Exchange

NSE

Issue Size

14.69 Cr

Listing Date

23 Jun 25

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Samay Project Services IPO Timeline

Bidding Start

16 Jun 25

Bidding Ends

18 Jun 25

Allotment Finalisation

19 Jun 25

Refund Initiation

20 Jun 25

Demat Transfer

20 Jun 25

Listing

23 Jun 25

Samay Project Services Limited

Incorporated in November 2001, Samay Project Services Limited is an ISO 9001:2015 certified EPC company, delivering engineering, procurement, and construction solutions across various industries. It specialises in the design and commissioning of balance of plant (BOP) systems, with expertise in piping systems, tanks and vessels, and fire protection systems. The company also undertakes turnkey projects in BioCNG plants, system automation, and cross-country water and hydrocarbon pipelines. As of October 31, 2024, Samay Project Services employed 54 staff and 179 contract labourers to support its ongoing EPC projects.

Samay Project Services Limited IPO Overview

The Samay Project Services IPO is a book-built issue worth ₹14.69 crores, comprising a fresh issue of 43.20 lakh equity shares. The IPO opens for subscription on June 16, 2025, and will close on June 18, 2025. The allotment is expected to be finalised on June 19, 2025, with a tentative listing date on the NSE SME platform set for June 23, 2025.

The price band is set at ₹32 to ₹34 per share. Retail investors must apply for a minimum lot size of 4,000 shares, requiring an investment of ₹1,28,000, though bidding at the cutoff price is advisable, amounting to ₹1,36,000, to mitigate oversubscription risk. For HNI investors, the minimum application is 2 lots (8,000 shares), totalling ₹2,72,000.

Smart Horizon Capital Advisors Private Limited is the book-running lead manager, while Bigshare Services Pvt Ltd serves as the registrar for this issue.

Samay Project Services Limited IPO Details

Particulars Details
IPO Date 28 June 2025 to 30 June 2025
Listing Date 4 June 2025
Face Value ₹10 per share
Issue Price Band ₹ to ₹ per share
Lot Size  3000 Shares
Total Issue Size 43,20,000 shares (aggregating up to ₹14.69 Cr)
Fresh Issue 43,20,000 shares (aggregating up to ₹14.69 Cr)
Offer for Sale NA
Issue Type Bookbuilding IPO
Listing At NSE SME
Share Holding Pre Issue 1,10,29,320 shares
Share Holding Post Issue 1,53,49,320 shares
Market Maker Portion 2,28,000 shares

Samay Project Services Limited IPO Reservation

  • Anchor Investment Raised: ₹2.72 crore
  • Anchor Bid Date: June 13, 2025
  • Total Shares Offered to Anchors: 8,00,000 equity shares
  • Anchor Portion Size: ₹2.72 crore
  • 50% Anchor Lock-in Period Ends: July 19, 2025 (30 days from bid date)
  • Remaining 50% Anchor Lock-in Period Ends: September 17, 2025 (90 days from bid date)

Samay Project Services Limited 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 Limited IPO Promoter Holding

Shareholding Status Percentage
Pre-Issue 96.29%
Post-Issue 69.19%

Samay Project Services Limited IPO Valuation Overview

KPI Value
Earnings Per Share (EPS) 1.84
Price/Earnings (P/E) Ratio TBD
Return on Net Worth (RoNW) 28.79
Net Asset Value (NAV) 16.37
Return on Equity 23.13%
Return on Capital Employed (ROCE) 24.56%
EBITDA Margin 16.22%
PAT Margin 11.29%
Debt to Equity Ratio 0.10

Objectives of the Proceeds

  • Funding working capital requirements of our company Up to ₹1,400
  • Meet general corporate expenses

Key Financials (in ₹ lakhs)

Particulars 30 Sept 2024 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 2761.67 2483.03 2128.13 1493.07
Revenue 1816.67 4074.67 2036.06 1887.25
Profit After Tax 202.44 461.53 343.75 190.14
Reserves and Surplus 702.77 500.33 1111.10 767.35
Total Borrowings 223.84 234.92 298.73 180.92

Samay Project Services Limited

SWOT Analysis of Samay Project Services IPO

Strength and Opportunities

  • Strong engineering and technical capabilities.
  • Low debt levels providing financial stability.
  • Improving net cash flows over past two years.

Risks and Threats

  • Declining return on equity over recent years.
  • Weak financials indicated by a low Piotroski Score.
  • Poor employee growth and appraisal ratings.

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About Samay Project Services Limited

Samay Project Services Limited IPO Highlights

Samay Project Services Limited IPO Strengths

  • Samay Project Services boasts a skilled engineering and design team using advanced tools to deliver precise planning, efficient execution, and consistent quality across a wide range of complex EPC projects.
  • With a strong footprint in multiple EPC segments like piping, fire protection, and automation, the company effectively serves diverse industries and adapts quickly to changing project needs.
  • Its long-term client relationships reflect trust and reliability, helping the company secure repeat projects and maintain steady business growth through consistent service and project delivery.
  • Focused on customer satisfaction, Samay delivers quality engineering and timely execution with a personalised approach built on passion, integrity, and a commitment to excellence.

Peer Group Comparison

Name of Company CMP (₹) Face Value (₹) EPS (₹) PE Ratio (times) RoNW (%) NAV (₹)
Samay Project Services Limited [•] 10 4.18 [•] 28.79 14.54
Peer Group
Pratham EPC Projects Limited 204.80 10 7.61 26.91 16.51 34.26

How to apply IPO with HDFC SKY?

Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.

1Login to your HDFC SKY Account

2Select Issue

3Enter Number of Lots and your Price.

4Enter UPI ID

5Complete Transaction on Your UPI App

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