Samay Project Services Limited, has launched its initial public offering (IPO) on Jun 16, 2025, aiming to raise Rs 13.91 crore through fresh issue of 40.92 lakh equity shares. Samay Project Services IPO is set to close on Jun 18, 2025, with the shares expected to be listed on the NSE SME platform on Jun 23, 2025.
Samay Project Services Limited Company Overview
Founded in 2001, Samay Project Services is a Chennai based EPC (Engineering, Procurement, and Construction) firm focused on the design, fabrication, erection, and commissioning of piping systems, storage tanks, hydrocarbon pipelines, fire protection systems, and BioCNG plants. Over the past two decades, the company has successfully executed more than 120 projects across industries like power, petrochemicals, infrastructure, sugar, mining and even abroad in Africa. SPSL is ISO 9001:2015 certified and leverages strong engineering capabilities, advanced CAD/hydraulic design tools, and robust procurement practices to maintain project quality and timelines. The company employs around 30 engineers along with 200–300 skilled workers at various sites, enabling flexible mobilization to meet project schedules.
Samay Project Services IPO Details
Samay Project Services IPO is a bookbuilding IPO of Rs 13.91 crores. The issue is a complete fresh issue of Rs 13.91 crores. Smart Horizon Capital Advisors Private Limited is the book running lead manger of the Samay Project Services IPO, Bigshare Services Pvt Ltd is the Registrar for the issue.
| Issue Type | Bookbuilding IPO |
| Face Value | Rs 10 per share |
| Issue Price | Rs 32 – Rs 34 per share |
| Lot Size | 4000 shares per lot |
| Issue Size | Rs 13.91 crore |
| Fresh Issue | Rs 13.91 crore |
| Offer for Sale (OFS) | Rs 0 crore |
| Listing at | NSE SME |
| Market Capitalization | Rs 52.19 cr |
| Book Running Lead Managers | Smart Horizon Capital Advisors Private Limited |
| Registrar | Bigshare Services Pvt Ltd |
Samay Project Services IPO Timeline
Samay Project Services IPO opened on 16th Jun 2025 and Closes on 18th Jun 2025. Find Samay Project Services IPO tentative dates below.
| IPO Open Date | 16-Jun-2025 (Monday) |
| IPO Close Date | 18-Jun-2025 (Wednesday) |
| Allotment | 19-Jun-2025 (Thursday) |
| Initiation of Refunds | 20-Jun-2025 (Friday) |
| Demat Credit of Shares | 20-Jun-2025 (Friday) |
| Listing Date | 23-Jun-2025 (Monday) |
| Cut off time for UPI mandate confirmation | 18-Jun-2025 at 5PM |
Samay Project Services IPO Lot Size
Investors can bid for a minimum of 4000 shares and in multiples thereof. The following table shows the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 4000 | Rs 1,36,000 |
| Retail (Maximum) | 1 | 4000 | Rs 1,36,000 |
| HNI (Minimum) | 2 | 8000 | Rs 2,72,000 |
Samay Project Services IPO Objectives
The proceeds from the Samay Project Services Limited IPO will be utilised for following purposes:
| Purpose | Amount (in Rs) | Percentage |
|---|---|---|
| Working Capital Requirements | 12.00 Crore | 89.60% |
| General corporate purpose |
Samay Project Services IPO Financial Performance
Find Samay Project Services IPO last 3 years financial details below.
| Financials | 31-Mar-25 (Crores) | 31-Mar-24 (Crores) | 31-Mar-23 (Crores) |
|---|---|---|---|
| REVENUE | 37.72 | 40.95 | 20.82 |
| ASSETS | 31.77 | 24.83 | 21.28 |
| NET WORTH | 20.23 | 16.03 | 11.42 |
| TOTAL DEBT | 2.09 | -0.64 | 1.18 |
| PAT | 4.19 | 4.62 | 3.44 |
Samay Project Services IPO Strengths and Risks
Strengths:
- Experienced engineering team with advanced software tools for precise system design and layout.
- Strong and recurring customer base supported by long-term client relationships.
- Focus on expanding into larger projects while enhancing execution efficiency through modern equipment, skilled workforce, and improved internal systems.
- The company has a strong domestic presence across 12 states, contributing over 97% of total revenue in FY 2024.
Risks:
- The company’s revenue is highly dependent on its top few customers.
- Ongoing litigations may negatively affect business and financial health if ruled unfavourably.
- Persistent negative cash flows indicate financial strain across operations and investments.
- A sharp decline in international revenues highlights limited global market sustainability.
- The upcoming expiry of the office lease poses operational and financial continuity risks.
- Delays in logo registration expose the company to legal and brand misuse risks.
Samay Project Services IPO Grey Market Premium (GMP)
As of the latest grey market trends for Samay Project Services IPO, the grey market premium (GMP) is flat Rs 0 — meaning the shares are trading at the upper band but without any premium.
Samay Project Services IPO Review: Avoid
Disclaimer: This blog’s content is intended solely for informational and educational purpose only. Before making any investment decisions, it is recommended that investors consult with a certified financial advisor.