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Subscription status of Samay Project Services IPO

Samay Project Services IPO
(Day 1)

Price Rs. 34 Lot 4000 shares, Rs.14.69 Crore

QIB NII x RII x Total x Applications
         
Note:

Samay Project Services IPO Allotment Link: 

 

What is the business of Samay Project Services?

The company is primarily engaged in Engineering, Procurement and Construction (“EPC”) Services providing specialized services in design, engineering, supply, fabrication, erection and commissioning of balance of plant (“BOP”) systems in various industries. Company is involved in EPC projects which consists of (i) Piping System, (ii) Tanks and vessels and fabricated structures; and (iii) fire protection and detection systems / firefighting systems (“FFS).

The various systems engineered, procured and constructed by the Company finds its application in a diverse range of Industries, including Power, Sugar and Distilleries, Iron and Steel, Infrastructure, etc. The system may consist of subsystems, products and raw materials, which are procured directly by the company from the vendors, fabricated, erected at site to provide the complete functionality of the overall system, meeting tender requirements.

 In case of tanks, carbon steel or stainless steel, as the case may be, is procured as hot rolled sheets with cutting, edge preparation, rolling, erection, fit-up, welding carried out at site as per the approved drawings under the supervision of the Company’s engineers. The Company has executed many power plant orders for designing, engineering, supplying, assembling, testing and commissioning of piping and appurtenances and firefighting systems.

The Company has also executed an overseas project in Mauritius for the supply, erection and commissioning of Public Health Engineering (PHE) System in the year 2020.

Get more information about the company @ www.samayprojects.com 

Samay Project Services IPO Details

Sector:

IPO opens on  16 June 2025
IPO closes on  18 June 2025
Issue Type Book Built Issue IPO
Issue Size 4320000 Shares /
Rs 14.69 Crore
* Fresh Issue 4320000 Shares /
Rs 14.69 Crore
* Offer for Sale –
Market Maker Portion 228,000 Shares
Net offer to Public 4092000 Shares
Rs.13.91 Crores
Face Value per share Rs. 10
Price Band Rs. 32-34
Employee discount  Rs. 0 per share
Retail Lot Size  4000 Shares
Listing will at  NSE SME

Shares offered in IPO

  Shares Rs. (Crore)
QIB (50%) 2046000 6.96
HNI (15%)   613800 2.09
RII  (35%) 1432200 4.87
Total Shares  4092000 13.91
Retail portion will be
oversubscribed by 
358
Forms
How much Shares to Apply in this IPO?
Min Retail Application 4000 Shares Rs.136000
Min HNI Application  8000 Shares Rs.272000

Who are the Promoters of Samay Project Services?

The promoters of the company are MR. ANAND R AND MS. SANTHI KARTHIKEYAN

What are the Objects of Samay Project Services IPO?

1.Funding working capital requirements of the company;
2. General corporate purposes

Tentative timetable

IPO opens on 16 June 2025
IPO Closes on 18 June 2025
IPO Allotment on  19 June 2025
Refund Initiation  20 June 2025
Credit of Shares 20 June 2025
Listing on 23 June 2025
Registered Office of the Company
Plot No. 1218, 17th Street,
West End Colony, Mogappair,
Thiruvallur, Chennai – 600 050,
Tamil Nadu, India
The Lead Manager of this IPO
Smart Horizon Capital Advisors ltd

Who is the Registrar to IPO?

BigShare Services Pvt ltd

Samay Project Services IPO GMP grey market premium, review, Subscription, allotment, listing estimate

Samay Project Services Financials

Period Ended 24-25 6M 31-Mar-24 31-Mar-23
Assets 27.62 24.83 21.28
Revenue 18.17 40.75 20.36
Profit After Tax 2.02 4.62 3.44
Net Worth 18.06 16.03 11.42
Reserves and Surplus 7.03 5.00 11.11
Total Borrowing 2.68 2.76 3.35
Amount in Rs. Crore

Performance Indicators

KPI Values
ROE %
ROCE %
Debt/Equity 0.29
RoNW 28.79%
PAT Margin 11.33
Price to Book Value 12.2
EPS 4.18
PE Ratio 8.13

 

How Samay Project Services IPO compares with the Peers?

Company Name P/E (x) RoNW (%)
Samay Project  8.13 28.79
Pratham EPC Projects 26.91 16.51

# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

Samay Project Services IPO Review by Paresh Gordhandas, CA & Research Analyst.

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