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Samay Project IPO
Price Band
₹32.0–34.0
Issue Size
₹14.69 Cr
Lot Size
4,000 shares
Min Investment
₹136,000
GMP
—
Issue Price
₹34.0
Samay Project IPO AI Summary
- Samay Project IPO is listed on NSE SME in the Civil Construction sector.
- Price band: ₹32.0–₹34.0 per share, lot size 4,000 shares (min. investment ₹136,000).
- Subscription window: 16 Jun–18 Jun 2025, listing on 23 Jun 2025.
Samay Project Services Limited is an EPC services provider in the civil construction sector. With a focus on quality and customer satisfaction, the company has shown revenue growth in recent years, although the latest figures reflect a decline in total income. The IPO aims to raise funds for working capital and corporate purposes, with a competitive P/E ratio compared to peers.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Samay Project IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 18 Jun 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Samay Project IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
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: Strong Engineering and Technical Software and Design Team. Good presence in multiple EPC Segments. Existing client relationship. Committed to customer satisfaction through high-value engineering, quality execution, and delightful customer service, delivered with passion and integrity.
Company Financials (₹ Cr)
As of 2025-03-31
| 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 |
Key Ratios
EPS
₹3.80
NAV
₹18.34
ROE
23.13%
ROCE
24.56%
RoNW
20.73%
P/B Value
1.85
P/E Ratio
8.94
Market Cap
₹52.19 Cr
PAT Margin
11.29%
Debt/Equity
0.10
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Pratham Epc Projects Limited | 34.26 | 16.51% | 26.91 | 7.61 | 7.61 |
| Samay Project Services Limited This IPO | 18.34 | 20.73% | — | 3.8 | 3.8 |
Promoters
Anand R and Santhi Karthikeyan
Objects of the Issue
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 0.28 3 Issue Expenses 2.41 Total 14.69
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹20.82 Cr in the year ended 31 Mar 2023, rising to ₹40.95 Cr by 31 Mar 2024, before declining to ₹37.72 Cr in the most recent period ending 31 Mar 2025, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹3.44 Cr in the year ended 31 Mar 2023, increasing to ₹4.62 Cr by 31 Mar 2024, and then decreasing to ₹4.19 Cr in the most recent period ending 31 Mar 2025, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Priced at roughly 8.94 trailing earnings, versus peers trading at 26.91.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. It indicates the potential premium or discount at which shares may trade on their listing day compared to the issue price. A higher GMP suggests strong demand for the shares, while a lower or negative GMP may indicate weaker interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's essential to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who prefer stable, established companies with predictable earnings may want to avoid this IPO, as the civil construction sector can be subject to fluctuations based on economic conditions.
Listing Gains — The Risk
Listing day gains can be unpredictable. While some IPOs may see a rise in share price on their first day of trading, others may not. Factors influencing this include overall market conditions, investor sentiment, and the company's financial performance. It's important to understand that past performance is not indicative of future results.
This evaluation is generated from Samay Project's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Samay Project IPO?
The price band of Samay Project IPO is ₹32.0–₹34.0 per share.
When does Samay Project IPO open and close?
Samay Project IPO opens on 16 June 2025 and closes on 18 June 2025.
When does Samay Project IPO list on the stock exchange?
Samay Project IPO listed on 23 June 2025 at ₹34.0.
What is the lot size for Samay Project IPO?
The lot size for Samay Project IPO is 4000 shares, requiring a minimum investment of ₹136,000.
What is the price band for the IPO?
The price band for the IPO is ₹32.0 to ₹34.0.
What is the minimum investment required?
The minimum investment required is ₹136,000.
What is the lot size for the IPO?
The lot size for the IPO is 4,000 shares.
When does the IPO open and close?
The IPO opens on June 16, 2025, and closes on June 18, 2025.
What does GMP stand for?
GMP stands for Grey Market Premium, which indicates the expected premium or discount of the shares on their listing day.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
16 Jun 2025
Close
18 Jun 2025
Allotment
19 Jun 2025
Listing
23 Jun 2025
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