Samay Project IPO

Samay Project Services Ltd

₹1,28,000 /4000 sharesMinimum Investment

Samay Project IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
16 Jun ‘25 - 18 Jun ‘25₹1,28,0004,000₹32 - ₹34
Issue SizeIPO Doc
14.69Cr
RHP PDF

Subscription rate

As of 18 Jun'25, 04:00 PM
Qualified Institutional Buyers18.96x
Non-Institutional Investor31.43x
Retail Individual Investor8.89x
Total15.42x

About Samay Project

Samay Project Services Limited is engaged in engineering, procurement, and construction (EPC) services, primarily focusing on the design, engineering, supply, fabrication, erection, and commissioning of balance of plant (BOP) systems across various industries. The company’s EPC projects include piping systems, tanks, and vessels with fabricated structures, and fire protection and detection systems. It handles a wide range of pipe materials such as carbon steel, stainless steel, ductile iron, and high-temperature alloy steel, and also constructs large industrial tanks for the storage of fire water, slurry, and other process liquids. Fire systems include pump houses, hydrants, spray systems, alarms, and extinguishers. Samay Project Services undertakes both public and private sector projects. The company operates project sites across India and has also completed an overseas assignment in Mauritius.;
Founded in
2001
Managing director
Mr Anand Rajgopal
Parent organisation
Samay Project Services Ltd

Strengths & Financials of Samay Project

Strengths
Risks
Samay Project Services claims to have a technically skilled engineering team organised by product verticals, with experience in designing piping systems for firefighting, hydrocarbon, power, and industrial projects. The company claims to use AutoPlant computer-aided design (CAD) modelling for layout and engineering drawings, and Canute software for hydraulic calculations in fire protection systems, which reportedly aids in optimising design and preventing routing issues during execution.
As of FY24, the company claims to have completed EPC projects worth Rs 40.75 crore across India and overseas in sectors such as power, sugar, distilleries, iron and steel, infrastructure, and mining. It further claims to leverage long-standing relationships with equipment manufacturers and suppliers to support consistent execution and timely delivery in these sectors.
The company claims to have developed long-term working relationships with several large clients, contributing to a stable source of repeat business.
The company is ISO 9001:2015 certified for its quality management system.
The company has witnessed a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 18.87 crore in FY22 to Rs 20.36 crore in FY23 and Rs 40.75 crore in FY24. PAT increased from Rs 1.90 crore in FY22 to Rs 3.44 crore in FY23 and Rs 4.61 crore in FY24.

Samay Project Financials

*All values are in Rs. Cr
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Application Details of Samay Project IPO

Apply asPrice bandApply upto
Regular32 - 34₹2 Lakh
High Networth Individual32 - 34₹2 - 5 Lakh
For Samay Project IPO, eligible investors can apply as Regular.