Bookbuilding IPO | ₹15 Cr | Listed at NSE SME | Mon, Jun 16, 2025 - Wed, Jun 18, 2025
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 per share. The lot size for an application is 4,000. The minimum amount of investment required by an retail is ₹1,36,000 (4000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Jun 16, 2025
IPO Close
Wed, Jun 18, 2025
Issue Price
₹34 per share
Market Cap (Pre-IPO)
₹52.19 Cr
| IPO Date | 16 to 18 Jun, 2025 |
| Listed on | Mon, Jun 23, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹32 to ₹34 |
| Issue Price | ₹34 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 43,20,000 shares (agg. up to ₹15 Cr) |
| Reserved for Market Maker | 2,28,000 shares Shreni Shares Ltd. (agg. up to ₹0.7752 Cr) |
| Fresh Issue (Ex Market Maker) | 40,92,000 shares (agg. up to ₹14 Cr) |
| Net Offered to Public | 40,92,000 shares (agg. up to ₹14 Cr) |
| Share Holding Pre Issue | 1,10,29,320 shares |
| Share Holding Post Issue | 1,51,21,320 shares |
| NSE Symbol | SAMAY |
| ISIN | INE124101010 |
Samay Project IPO comprises a total issue size of 43,20,000 shares. The net offer to the public is 40,92,000 shares, after excluding 2,28,000 shares allotted on a firm basis. Of the Net offer 20,00,000 (48.88%) are allocated to QIB, 6,36,000 (15.54%) allocated to NII 14,56,000 (35.58%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 20,00,000 | 48.88% | 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 | 15.54% | 14.72% |
| Retail Shares Offered | 14,56,000 | 35.58% | 33.70% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,28,000 | 5.28% | |
| Total Shares Offered | 43,20,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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 IPO raises ₹4.08 crore from anchor investors. Samay Project IPO Anchor bid date is June 13, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Jun 13, 2025 |
| Shares Offered | 12,00,000 |
| Anchor Portion (₹ Cr.) | 4.08 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Jul 19, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Sep 17, 2025 |
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 Ltd.'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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the company | 12.00 |
| 2 | General Corporate Purposes |
| KPI | Mar 31, 2025 |
|---|---|
| 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 (₹) | 3.80 | 2.73 |
| P/E (x) | 8.94 | 12.45 |
| Promoter Holding | 96.29% | 69.19% |
| Market Cap | ₹52.19 Cr. |
The Samay Project Services IPO is subscribed 29.08 times on June 18, 2025 6:19:59 PM (Day 3). The public issue subscribed 15.09 times in the retail category, 22.64 times in the QIB category, and 69.19 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 22.64 | 8,00,000 | 1,81,12,000 | 11 |
| NII* | 69.19 | 6,36,000 | 4,40,04,000 | 526 |
| Retail | 15.09 | 14,56,000 | 2,19,76,000 | 5,494 |
| Total | 29.08 | 28,92,000 | 8,40,92,000 | 6,031 |
Total Application : 6,031
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees including underwriting commission and Marketing fees | 2.25 |
| 2 | Brokerage, selling, commission and upload fees | 0.00 |
| 3 | Registrar to the issue | 0.02 |
| 4 | Legal Advisors | 0.02 |
| 5 | Advertising and Marketing expenses | 0.03 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of issue stationery | 0.01 |
| 8 | Others, if any (market making, depositories, secretarial, peer review auditors, etc.) | 0.05 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹34.00 |
| Open | ₹36.05 |
| Low | ₹35.90 |
| High | ₹37.50 |
| Last Trade | ₹36.00 |
Lead Manager Reports
Samay Project IPO is a SME IPO of 43,20,000 equity shares of the face value of ₹10 aggregating up to ₹15 Crores. The issue is priced at ₹34 per share. The minimum order quantity is 4000.
The IPO opens on Mon, Jun 16, 2025, and closes on Wed, Jun 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 Mon, Jun 16, 2025 and closes on Wed, Jun 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 Fri, Jun 20, 2025. Check the Samay Project IPO allotment status.
The Samay Project IPO listing date is on Mon, Jun 23, 2025.
