Samay Project Services Limited is coming out with an Initial Public Offering (IPO) to raise ₹14.69 Crores through a fresh issue of 43.20 lakh equity shares. The IPO is set to open for subscription on June 16, 2025, and will close on June 18, 2025. The allotment process is expected to be completed by June 19, 2025, with a tentative listing date on the NSE SME platform scheduled for June 23, 2025.

IPO Pricing and Subscription Details

The IPO price band is fixed between ₹32 to ₹34 per share. The minimum lot size is 4,000 shares, making the minimum investment for retail investors ₹1,28,000 at the lower band and approximately ₹1,36,000 if bidding at the cutoff price, which is recommended to avoid issues related to oversubscription. High Net Worth Individuals (HNIs) must apply for a minimum of 2 lots, i.e., 8,000 shares, amounting to ₹2,72,000.

Lead Manager and Registrar:

• Book Running Lead Manager: Smart Horizon Capital Advisors Private Limited

• Registrar: Bigshare Services Pvt Ltd

About Samay Project Services Limited

Incorporated in November 2001, Samay Project Services Limited specializes in Engineering, Procurement, and Construction (EPC) services, primarily focusing on the balance of plant (BOP) systems for various industrial sectors. Their EPC projects cover key areas such as:

• Piping Systems: Design, engineering, fabrication, supply, erection, and commissioning of low-pressure piping.

• Tanks and Vessels: Design and construction of storage tanks and tank farms.

• Fire Detection and Protection: Installation and commissioning of fire hydrant, spray, and other fire safety systems.

• Cross-Country Pipelines: Execution of water and hydrocarbon pipelines domestically and internationally.

• System Automation: Integration of electromechanical systems and instrumentation for turnkey projects.

• BioCNG Plants: End-to-end EPC services for BioCNG projects from feedstock identification to commissioning.

The company holds an ISO 9001:2015 certification for quality management covering engineering, fabrication, erection, testing, and commissioning processes, reinforcing their commitment to high standards.

Workforce and Operations

As of October 31, 2024, the company employed 54 staff members and 179 contract laborers (including skilled, semi-skilled, and unskilled workers) for its ongoing EPC projects.

Competitive Strengths

• A strong engineering and technical design team supported by advanced software tools.

• Diverse presence across multiple EPC segments.

• Established relationships with existing clients ensuring steady business.

• Commitment to customer satisfaction by delivering quality and timely execution with integrity and passion.

Investment Considerations

Samay Project Services IPO offers investors a chance to participate in the growing EPC sector, which is critical for industrial infrastructure and energy projects in India. The company’s long-standing experience of over two decades, ISO certification, diversified service portfolio, and skilled workforce are notable positives. However, investors should evaluate market conditions and company financials before investing.

How to Apply

Investors can apply online through their demat account or via UPI/ASBA during the subscription period. It is advisable to bid at the cutoff price to enhance chances of allotment amid potential oversubscription.

The Upcoming IPOs in this week and coming weeks are Oswal Pumps,Samay Projects Services, Monolithisch India, Jainik Power Cables.

The Current active IPO are Sacheerome Limited.

The Closed IPOs are Ganga Bath Fittings.

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