Samay Project Services Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹34
Per ShareLot Size
4000 Shares
Minimum Investment
₹1,36,000
Issue Size
₹14.69 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.58%
QIB Quota
48.88%
NII Quota
15.54%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Samay Project Services Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
96.29%
Promoter Holding (Post-Issue)
69.19%
Issue Type
Book Building - SME
ISIN
INE124101010
About the Company
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. The 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 Company was established in the year 2001 as `Samay Project Services Private Limited', a private limited company under the Companies Act, 1956.
Industry Overview
Infrastructure is the engine of economic growth and social development. Infrastructure development involves capital formation in areas such as Heavy Industries, Ports, Power, Iron & Steel, Mining, Metals, Roads and Telecommunication. We operate in the Infrastructure Industry in Engineering, Procurement and Construction Services providing specialized services in design, engineering, supply, fabrication, erection and commissioning of balance of plant systems in various industries.
Company History
Samay Project Services Limited was incorporated on November 08, 2001 as "Samay Project Services Private Limited", a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated November 8, 2001 issued by the Assistant Registrar of Companies, Tamil Nadu. Further, the Company was converted into a public limited company pursuant to a resolution passed by the Board of Directors in their meeting held on February 10, 2024 and by its Shareholders at an extra-ordinary general meeting held on February 29, 2024 and consequently the name of the Company was changed to `Samay Project Services Limited' and a fresh certificate of incorporation dated August 07, 2024 was issued by the Registrar of Companies, Central Processing Centre. The corporate identification number of the Company is U74210TN2001PLC048005.
Products & Services
- The Company is primarily engaged in Engineering, Procurement and Construction ("EPC") Services.
Growth Strategy
- Focus on larger value EPC projects.
- Enhance operational controls to ensure timely completion of Service.
- Continue to maintain good relationships with its customers.
Customer Base
wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 2 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY25 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 43,20,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Samay Project Services Limited ("the Company" or "Samay Project " or "the Issuer") for cash at a price of Rs. 34/- per equity share including a share premium of Rs. 24/- per equity share (the "Issue Price") aggregating to Rs. 14.69 crores ("the Issue"), of which 2,28,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 34/- per equity share including a share premium of Rs. 24/- per equity share aggregating to Rs. 0.78 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., net issue of 40,92,000 equity shares of face value of Rs. 10/- each at a price of Rs. 34/- per equity share including a share premium of Rs. 24/- per equity share aggregating to Rs. 13.91 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 28.14 % and 26.66 % respectively of the post issue paid up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Strong Engineering and Technical Software and Design Team.
- Good presence in multiple EPC Segments.
- Existing relationship with clients.
- Quality Assurance.
- Experienced management team.
- The company derived 63.06% and 84.26% & 62.34% and 87.14% of its revenue from its top five and top ten customers, respectively, for Fiscal 2025 and Fiscal 2024, and any inability to retain its key customers or attract new customers and expand its customer network, could negatively affect its business and results of operations.
- There are outstanding litigations involving the Company and its Promoters which, if determined adversely, may affect its business and financial condition.
- The Company had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
- In respect of its governmental customers, projects are typically awarded to it on satisfaction of prescribed prequalification criteria and following a competitive bidding process. Its business and the company financial condition may be adversely affected if new EPC projects are not awarded to it or if orders awarded to the company is prematurely terminated.
- The company derives majority of its revenues from limited number of government entities for the past 3 financial years. Any adverse changes in the central or state government policies may lead to its orders being foreclosed, terminated, restructured or renegotiated, which may have a material effect on its business and results of operations.