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Karbonsteel Engineering IPO vs Samay Project IPO

Comparison between Karbonsteel Engineering IPO and Samay Project IPO.

IPO Details

Karbonsteel Engineering IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Samay Project IPO is a SME Bookbuilding proposed to list at NSE SME.

 Karbonsteel Engineering IPOSamay Project IPO
LogoKarbonsteel Engineering IPO LogoSamay Project IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersSeren Capital Pvt.Ltd.Smart Horizon Capital Advisors Pvt.Ltd.
RegistrarMaashitla Securities Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSS Corporate Securities Ltd.Shreni Shares Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Karbonsteel Engineering IPO is up to ₹56.31 Cr whereas the issue size of the Samay Project IPO is up to ₹13.91 Cr. The final issue price of Karbonsteel Engineering IPO is ₹159.00 per share and of Samay Project IPO is ₹34.00 per share.

 Karbonsteel Engineering IPOSamay Project IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹151.00 per share₹32.00 per share
Issue Price (Upper)₹159.00 per share₹34.00 per share
Issue Price (Final)₹159.00 per share₹34.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size800 shares4000 shares
Fresh Issue Size28,51,600 shares40,92,000 shares
Fresh Issue Size (Amount)up to ₹45.34 Crup to ₹13.91 Cr
OFS Issue Size6,90,000 shares0 shares
OFS Issue Size (Amount)up to ₹10.97 Crup to ₹0.00 Cr
Issue Size Total35,41,600 shares40,92,000 shares
Issue Size Total (Amount)up to ₹56.31 Crup to ₹13.91 Cr

IPO Timetable

Karbonsteel Engineering IPO opens on Sep 09, 2025, while Samay Project IPO opens on Jun 16, 2025. The closing date of Karbonsteel Engineering IPO and Samay Project IPO is Sep 11, 2025, and Jun 18, 2025, respectively.

 Karbonsteel Engineering IPOSamay Project IPO
Anchor Bid DateSep 04, 2025Jun 13, 2025
Issue OpenSep 09, 2025Jun 16, 2025
Issue CloseSep 11, 2025Jun 18, 2025
Basis Of Allotment (Tentative)Sep 12, 2025Jun 19, 2025
Initiation of Refunds (Tentative)Sep 15, 2025Jun 20, 2025
Credit of Share (Tentative)Sep 15, 2025Jun 20, 2025
Listing date (Tentative)Sep 16, 2025Jun 23, 2025
Anchor Lockin End date 1Oct 12, 2025Jul 19, 2025
Anchor Lockin End date 2Dec 11, 2025Sep 17, 2025

Financials & KPIs

Karbonsteel Engineering IPO P/E ratio is 12.47, as compared to Samay Project IPO P/E ratio of 8.94.

 Karbonsteel Engineering IPOSamay Project IPO
FinancialsEBITDA

Samay Project Services Limited Financial Information (Restated)

Samay Project Services Limited's revenue decreased by 8% and profit after tax (PAT) dropped by 9% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets31.7724.8321.28
Total Income37.7240.9520.82
Profit After Tax4.194.623.44
Net Worth20.2316.0311.42
Reserves and Surplus9.205.0011.11
Total Borrowing2.09-0.641.18
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)72.1796.29
Promoter Shareholding (Post-Issue)69.19
P/E Ratio12.478.94
Market Cap₹224.85 Cr.₹52.19 Cr.
ROE27.19%23.13%
ROCE24.63%24.56%
Debt/Equity1.300.10
EPS₹12.75₹3.80
RoNW23.45%20.73

Shares Offered

In the Karbonsteel Engineering IPO Retail Individual Investors (RII) are offered 12,40,000 shares while in Samay Project IPO retail investors are offered 12,40,000 shares. Qualified Institutional Buyers (QIB) are offered 7,08,000 shares in Karbonsteel Engineering IPO and 8,00,000 shares in Samay Project IPO.

 Karbonsteel Engineering IPOSamay Project IPO
Anchor Investor Reserveration10,60,800 shares12,00,000 shares
Market Maker Reserveration1,88,000 shares2,28,000 shares
QIB7,08,000 shares8,00,000 shares
NII5,32,800 shares6,36,000 shares
RII12,40,000 shares14,56,000 shares
Employee0 shares
Others
Total35,41,600 shares40,92,000 shares

Bids Received (Subscription)

Karbonsteel Engineering IPO subscribed 76.59x in total, whereas Samay Project IPO subscribed 29.08x.

 Karbonsteel Engineering IPOSamay Project IPO
QIB (times)121.61x22.64x
NII (times)85.99x69.19x
Big NII (times)102.58x
Small NII (times)52.80x
RII (times)46.84x15.09x
Employee (times)
Other (times)
Total (times)76.59x29.08x