GSM Foils Limited IPO...
04 Jul, 2025
Samay Project Services Limited IPO
Samay Project Services Limited is issuing 43.20 lakh equity shares as part of its SME IPO in an attempt to raise about 14.69 crore. With a lot size of 4,000 shares and a price range of ₹32–₹34 per share, the IPO is available for subscription from June 16–18, 2025. At the highest price range, retail investors must make a minimum investment of ₹1,36,000. On June 23, 2025, the shares are anticipated to go live on the NSE SME platform. Bigshare Services Private Limited serves as the registrar and Smart Horizon Capital Advisors Private Limited is in charge of managing the issuance.
Company Background
Incorporated in November 2001, Samay Project Services Limited has over two decades of experience in the engineering, procurement and construction (EPC) sector. Initially established as a private limited company, it was converted to a public limited company in August 2024. The company is ISO 9001:2015 certified, reflecting its commitment to quality management in all its operations.
Operations & Product Range
Facility & Production:
Samay Project Services primarily operates in India and has made a strong presence in states like Telangana, Maharashtra, Tamil Nadu and Chhattisgarh. Apart from India, the company has also executed projects internationally in countries Mauritius and the UAE
Brands & Market Presence:
The company is recognized for its expertise in balance of plant (BoP) systems and has established a reputation for delivering complex EPC projects across various industries, including power, steel, mining, bioenergy and pharmaceuticals.
Product & Service Range:
- Fire Detection & Protection Systems: Design, supply, installation, testing and commissioning, including fire hydrant and spray systems.
- Piping Systems: Engineering, fabrication, supply, erection and commissioning of low-pressure piping systems.
- Tanks & Vessels: The Company also designs and constructs storage tanks and tank farms.
- Cross-Country Pipelines: Implementation of water and hydrocarbon pipelines, both domestically and internationally.
- System Automation: It also works in the Integration of instrumentation and electromechanical systems.
- BioCNG Plants: End-to-end EPC services for BioCNG projects, from feedstock discovery to commissioning.
Revenue Channels
Samay Project Services generates revenue primarily through:
- EPC contracts for balance of plant systems.
- Specialized projects in fire safety, piping and tank construction.
- Turnkey solutions for BioCNG plants and cross-country pipelines.
- Projects for both private and public sector clients, including international assignments.
Management & Shareholding
Promoters & Shareholding: The company was promoted by its founding members, Mr. Anand R and Ms. Santhi Karthikeyan, with the pre-issue shareholding at 96.29%, which will decrease to 69.19% post-issue.
Board Members: The board comprises experienced professionals from the EPC industry, though specific names and profiles are not listed in the search results. For granular details, investors should refer to the IPO prospectus.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Samay Project Services Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Samay Project Services Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | June 16, 2025 to June 18, 2025 |
| Listing Date | |
| Face Value | ₹10 per share |
| Issue Price Band | ₹32 to ₹34 per share |
| Lot Size | 4,000 Shares |
| Total Issue Size | 4,09,20,000 shares(aggregating up to ₹13.91 Cr) |
| Fresh Issue | 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 |
| Market Maker Portion | 2,28,000 shares |
Samay Project Services Limited IPO Timeline
| Detail | Description |
|---|---|
| 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 June 18, 2025 |
Samay Project Services Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹1,36,000 |
| Retail (Max) | 1 | 4000 | ₹1,36,000 |
| HNI (Min) | 2 | 8000 | ₹2,72,000 |
Samay Project Services Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 96.29% | 69.19% |
Competitive Strength:
- ●Diverse EPC Expertise
- ●Established Track Record
- ●Quality Focus
- ●Industry Presence
- ●Growth Potential
Samay Project Services Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 31.77 | 37.72 | 4.19 | 20.23 | 2.09 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 24.83 | 40.95 | 5 | 16.03 | -0.64 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 21.28 | 20.82 | 3.44 | 11.42 | 1.18 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 23.13% |
| ROCE | 24.56% |
| Debt/Equity | 0.1 |
| RoNW | 20.73 |
| PAT Margin | 11.29 |
| Price to Book Value | 1.85 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.8 | 2.73 |
| P/E (x) | 8.94 | 12.45 |
IPO Objectives
The following are the main goals of the IPO's fund-raising:
- To fulfil the business's working cash needs to grow its EPC operations
- To address general corporate purposes, including administrative expenses, brand positioning and strategic initiatives.
- To enable future capital raising and improve brand trust and corporate awareness.
- To create a public market for the business's stock in order to encourage long-term growth and allow for greater investor engagement.
Conclusion
Samay Project Services Limited’s IPO offers investors an opportunity to participate in a company with a proven track record in the EPC sector, a diversified service portfolio and strong growth prospects driven by India’s infrastructure boom. However, as with any SME IPO, investors should carefully consider the risks, including muted initial subscription response and sectoral challenges, before making investment decisions.
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Frequently asked Questions (FAQs )
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1. When will Samay Project Services Limited go public?
The initial public offering (IPO) will begin on June 16, 2025 and end on June 18, 2025.
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2. What is the IPO's pricing range and lot size?
The lot size is 4,000 shares and the price range is ₹32–₹34 per share.
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3. How much money does a retail investor need to invest?
Retail investors must apply for at least one lot (4,000 shares), requiring a minimum investment of ₹1,36,000 at the upper price band.
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4. On which exchange and when will the shares be listed?
On June 23, 2025, shares are anticipated to go live on the NSE SME platform.
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5. What is the IPO's total issue size?
By issuing 43.20 lakh new equity shares, the IPO seeks to raise 14.69 crore.
