Samay Project IPO Allotment Status: Check Latest GMP, Steps to Verify Status
Samay Project Services Ltd launched its IPO for public subscription on June 16, 2025. The bidding window for Samay Project IPO closed yesterday, i.e., on June 18, 2025. The allotment process is expected to be finalised today, on June 19, 2025, with the company's shares set to be listed on NSE tentatively on Monday, June 23, 2025.
Know the procedure for checking the allotment status on the NSE website.
Steps to Check Samay Project IPO Allotment Status on NSE
Here is the process to check Samay Project Services Ltd IPO Allotment Status on NSE:
- Open the NSE Application Status page here
- Choose 'Equity & SME IPO bid details'
- Select 'SAMAY' from the list of companies
- Enter your IPO application number and PAN details
- Click on the submit button to check the details of the share allotment.
Samay Project IPO Details
Samay Project Services IPO was a book-built issue of ₹13.91 crores, entirely a fresh issue of 40.92 lakh shares. Investors could apply with a minimum lot size of 4000, requiring a minimum investment of ₹1,28,000. The issue price band was set between ₹32 and ₹34 per share.
Smart Horizon Capital Advisors Private Limited is the book-running lead manager, while Bigshare Services Pvt Ltd is the registrar for the issue.
Overall Subscription Status
(June 18, 2025, end of the day)
On Day 3, Samay Project IPO was subscribed 29.08 times as per the NSE data. The public issue was subscribed 15.09 times in the retail category, 22.64 times in QIB, and 69.19 times in the NII categories.
Utilisation of IPO Proceeds
The company will utilise the net proceeds from the issue towards the following objects:
- Funding the working capital requirements of the Company.
- General Corporate Purposes.
Click here to explore other Upcoming IPOs
Samay Project Services GMP Details
According to Business Standard, the Grey Market Premium (GMP) of Samay Project was ₹0 as of June 19, 2025, 09:15 a.m. If the current GMP trend continues, the company's shares are likely to be listed at ₹34.
|
Source: Business Standard Media Report dated June 19, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
Samay Project Services Limited Business Overview
Incorporated in 2001, Chennai-based Samay Project Services is a turnkey EPC contractor specialising in engineering, procurement, fabrication, erection, testing, and commissioning of mechanical systems. Their key offerings include low-pressure piping, storage tanks, hydrocarbon and water pipelines, fire detection/protection systems, and BioCNG plants.
In FY24, the company reported a revenue of around ₹40.r, with profit after tax at ₹4.62 cr
|
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory. To read the RA disclaimer, please click here |