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Samay Project IPO is a book build issue of ₹14.69 crores. The issue is entirely a fresh issue of 0.43 crore shares of ₹14.69 crore.
Samay Project IPO bidding started from Jun 16, 2025 and ended on Jun 18, 2025. The allotment for Samay Project IPO was finalized on Jun 19, 2025. The shares got listed on NSE SME on Jun 23, 2025.
Samay Project IPO price band is set at ₹34.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an retail is ₹1,28,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,72,000.
Smart Horizon Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Shreni Shares Ltd..
Refer to Samay Project IPO RHP for detailed Information.
| IPO Date | June 16, 2025 to June 18, 2025 |
| Listing Date | June 23, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹32 to ₹34 per share |
| Issue Price Final | ₹34 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 43,20,000 shares (aggregating up to ₹14.69 Cr) |
| Reserved for Market Maker | 2,28,000 shares Shreni Shares Ltd. (aggregating up to ₹0.7752 Cr) |
| Net Offered to Public | 40,92,000 shares (aggregating up to ₹13.91 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,10,29,320 shares |
| Share Holding Post Issue | 1,51,21,320 shares |
Samay Project IPO offers total 43,20,000 shares. Out of which 20,00,000 (46.30%) allocated to QIB, 8,00,000 (18.52%) allocated to QIB (Ex- Anchor), 6,36,000 (14.72%) allocated to NII, 14,56,000 (33.70%) allocated to RII and 12,00,000 (27.78%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,28,000 (5.28%) |
| QIB Shares Offered | 20,00,000 (46.30%) |
| − Anchor Investor Shares Offered | 12,00,000 (27.78%) |
| − QIB (Ex. Anchor) Shares Offered | 8,00,000 (18.52%) |
| NII (HNI) Shares Offered | 6,36,000 (14.72%) |
| Retail Shares Offered | 14,56,000 (33.70%) |
| Total Shares Offered | 43,20,000 (100.00%) |
Samay Project IPO raises ₹4.08 crore from anchor investors. Samay Project IPO Anchor bid date is June 13, 2025. Samay Project IPO Anchor Investors list
| Bid Date | June 13, 2025 |
| Shares Offered | 12,00,000 |
| Anchor Portion Size (In Cr.) | 4.08 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 19, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 17, 2025 |
Samay Project IPO opens on June 16, 2025, and closes on June 18, 2025.
| IPO Open Date | Mon, Jun 16, 2025 |
| IPO Close Date | Wed, Jun 18, 2025 |
| Tentative Allotment | Thu, Jun 19, 2025 |
| Initiation of Refunds | Fri, Jun 20, 2025 |
| Credit of Shares to Demat | Fri, Jun 20, 2025 |
| Tentative Listing Date | Mon, Jun 23, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jun 18, 2025 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in November 2001, Samay Project Services Limited offers Engineering, Procurement, and Construction (EPC) services, specializing in design, engineering, and the commissioning of balance of plant (BOP) systems across various industries.
The company engages in EPC projects including (i) piping systems, (ii) tanks, vessels, and fabricated structures, and (iii) fire protection and detection systems.
Services Offered:
Fire Detection & Protection Systems: Design, supply, installation, testing, and commissioning (SITC) of fire detection and protection systems, including fire hydrant and spray systems.
Piping and Appurtenances: Comprehensive services encompassing design, engineering, supply, fabrication, erection, and commissioning of low-pressure piping systems. Bloomberg
Storage Tanks: Expertise in designing and constructing tanks and tank farms.
Cross Country Water and Hydrocarbon Pipelines: Execution of cross-country pipelines for water and hydrocarbons domestically and internationally.
System Automation: Integrating electromechanical systems and instrumentation for turnkey project implementation.
EPC of BioCNG Plants: Turnkey engineering and execution of BioCNG projects, from feedstock identification to commissioning.
The company is an ISO 9001:2015 certified organization for quality management in Engineering, Supply, Fabrication, Erection, Testing, and Commissioning of Piping, Tanks, and Fire Protection Systems.
As of October 31, 2024, the company employed 54 staff and had 179 contract labourers (skilled, semi-skilled, and unskilled) for its EPC Projects.
Competitive Strength:
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 Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 31.77 | 24.83 | 21.28 |
| Total Income | 37.72 | 40.95 | 20.82 |
| Profit After Tax | 4.19 | 4.62 | 3.44 |
| Net Worth | 20.23 | 16.03 | 11.42 |
| Reserves and Surplus | 9.20 | 5.00 | 11.11 |
| Total Borrowing | 2.09 | -0.64 | 1.18 |
| Amount in ₹ Crore | |||
The market capitalization of Samay Project IPO is ₹52.19 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 23.13% |
| ROCE | 24.56% |
| Debt/Equity | 0.10 |
| RoNW | 20.73 |
| PAT Margin | 11.29% |
| EBITDA Margin | 15.50% |
| Price to Book Value | 1.85 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 3.80 | 2.73 |
| P/E (x) | 8.94 | 12.45 |
The Company Samay Project Services IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding working capital requirements of the company | 12.00 |
| 2 | General Corporate Purposes |
[Dilip Davda] SPSL is engaged in providing EPC contracts and related services. It specializes in balance of plant systems with major focus on piping systems, tanks etc. It marked inconsistency in its top and bottom lines for the reported periods. Based on its recent financial data, the issue appears fully priced. It had an order book worth Rs. 57.33 cr. as of March 31, 2025. It is operating in a highly competitive and fragmented segment. Well-informed/cash surplus investors may park moderate funds for long term. Read detail review...
| Listing Date | June 23, 2025 |
| BSE Script Code | |
| NSE Symbol | SAMAY |
| ISIN | INE124101010 |
| Final Issue Price | ₹34 per share |
| NSE Listing Group | SM (Rolling) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹34.00 |
| Open | ₹36.05 |
| Low | ₹35.90 |
| High | ₹37.50 |
| Last Trade | ₹36.00 |
Samay Project Services Ltd.
Plot No.1218,
17th Street, West End Colony
Mogappair, Thiruvallur,
Chennai, Tamil Nadu, 600050
Phone: +91 9344139102
Email: investor@samayprojects.in
Website: http://www.samayprojects.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Samay Project IPO is a SME IPO of 43,20,000 equity shares of the face value of ₹10 aggregating up to ₹14.69 Crores. The issue is priced at ₹34 per share. The minimum order quantity is 4000.
The IPO opens on June 16, 2025, and closes on June 18, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Samay Project IPO using UPI as a payment gateway. Zerodha customers can apply in Samay Project IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Samay Project IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Samay Project IPO opens on June 16, 2025 and closes on June 18, 2025.
Samay Project IPO lot size is 4000, and the minimum amount required for application is ₹1,36,000.
You can apply in Samay Project IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Samay Project IPO will be done on Thursday, June 19, 2025, and the allotted shares will be credited to your demat account by Friday, June 20, 2025. Check the Samay Project IPO allotment status.
The Samay Project IPO listing date is on Monday, June 23, 2025.
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