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Samay Project IPO vs Star Imaging IPO

Comparison between Samay Project IPO and Star Imaging IPO.

IPO Details

Samay Project IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Star Imaging IPO is a SME Bookbuilding proposed to list at BSE SME.

 Samay Project IPOStar Imaging IPO
LogoSamay Project IPO LogoStar Imaging IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersSmart Horizon Capital Advisors Pvt.Ltd.Share India Capital Services Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerShreni Shares Ltd.Share India Securities 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 Samay Project IPO is up to ₹13.91 Cr whereas the issue size of the Star Imaging IPO is up to ₹62.65 Cr. The final issue price of Samay Project IPO is ₹34.00 per share and of Star Imaging IPO is ₹142.00 per share.

 Samay Project IPOStar Imaging IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹32.00 per share₹135.00 per share
Issue Price (Upper)₹34.00 per share₹142.00 per share
Issue Price (Final)₹34.00 per share₹142.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size4000 shares1000 shares
Fresh Issue Size40,92,000 shares34,40,000 shares
Fresh Issue Size (Amount)up to ₹13.91 Crup to ₹48.85 Cr
OFS Issue Size0 shares9,72,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹13.80 Cr
Issue Size Total40,92,000 shares44,12,000 shares
Issue Size Total (Amount)up to ₹13.91 Crup to ₹62.65 Cr

IPO Timetable

Samay Project IPO opens on Jun 16, 2025, while Star Imaging IPO opens on Aug 08, 2025. The closing date of Samay Project IPO and Star Imaging IPO is Jun 18, 2025, and Aug 12, 2025, respectively.

 Samay Project IPOStar Imaging IPO
Anchor Bid DateJun 13, 2025Aug 07, 2025
Issue OpenJun 16, 2025Aug 08, 2025
Issue CloseJun 18, 2025Aug 12, 2025
Basis Of Allotment (Tentative)Jun 19, 2025Aug 13, 2025
Initiation of Refunds (Tentative)Jun 20, 2025Aug 14, 2025
Credit of Share (Tentative)Jun 20, 2025Aug 14, 2025
Listing date (Tentative)Jun 23, 2025Aug 18, 2025
Anchor Lockin End date 1Jul 19, 2025Sep 12, 2025
Anchor Lockin End date 2Sep 17, 2025Nov 11, 2025

Financials & KPIs

Samay Project IPO P/E ratio is 8.94, as compared to Star Imaging IPO P/E ratio of 12.01.

 Samay Project IPOStar Imaging IPO
Financials

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
EBITDA
Promoter Shareholding (Pre-Issue)96.29100
Promoter Shareholding (Post-Issue)69.1971.92
P/E Ratio8.9412.01
Market Cap₹52.19 Cr.₹247.36 Cr.
ROE23.13%40.65%
ROCE24.56%29.92%
Debt/Equity0.100.69
EPS₹3.80₹11.82
RoNW20.7340.65%

Shares Offered

In the Samay Project IPO Retail Individual Investors (RII) are offered 14,56,000 shares while in Star Imaging IPO retail investors are offered 14,56,000 shares. Qualified Institutional Buyers (QIB) are offered 8,00,000 shares in Samay Project IPO and 8,71,000 shares in Star Imaging IPO.

 Samay Project IPOStar Imaging IPO
Anchor Investor Reserveration12,00,000 shares13,04,000 shares
Market Maker Reserveration2,28,000 shares4,80,000 shares
QIB8,00,000 shares8,71,000 shares
NII6,36,000 shares6,57,000 shares
RII14,56,000 shares15,28,000 shares
Employee52,000 shares
Others
Total40,92,000 shares44,12,000 shares

Bids Received (Subscription)

Samay Project IPO subscribed 29.08x in total, whereas Star Imaging IPO subscribed 5.67x.

 Samay Project IPOStar Imaging IPO
QIB (times)22.64x12.85x
NII (times)69.19x4.38x
Big NII (times)5.12x
Small NII (times)2.89x
RII (times)15.09x2.32x
Employee (times)0.31x
Other (times)
Total (times)29.08x5.67x